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Mint
a day ago
- Business
- Mint
Upcoming IPO: Jinkushal Industries gets SEBI nod to launch IPO
Upcoming IPO: Jinkushal Industries Limited (JKIPL) has been issued final observation by the Securities and Exchange Board of India (SEBI) allowing them to raise funds through an initial public offering (IPO). According to the latest information on the regulator's website, the firm that submitted its Draft Red Herring Prospectus (DRHP) to SEBI earlier this year obtained its comments during the past week. Jinkushal Industries IPO consists of a new issuance of as many as 86.5 lakh equity shares and a sale offer of up to 10 lakh equity shares, each having a face value of Rs. 10. Jinkushal Industries plans to use the funds raised from the Fresh Issue to address working capital needs and for general corporate activities. GYR Capital Advisors Private Limited serves as the sole Book Running Lead Manager (BRLM) for the offering. The firm, represented by Anil Kumar Jain, Abhinav Jain, Sandhya Jain, Tithi Jain, and Yashasvi Jain, is involved in the export of both new/customized and used/refurbished construction equipment in international markets. It focuses on exporting construction machinery such as hydraulic excavators, motor graders, backhoe loaders, soil compactors, wheel loaders, bulldozers, cranes, and asphalt pavers. As reported by CareEdge, the firm holds the title of the largest Non-OEM exporter of construction machines, with a 6.9% share of the market. The company has been honored as a Three-Star Export House by the Directorate General of Foreign Trade (DGFT) in the Government of India. As of the date of the DRHP, the firm has successfully exported construction machinery to more than 30 countries, including the UAE, Mexico, the Netherlands, Belgium, South Africa, Australia, and the UK. The company has delivered over 1500 construction machines, consisting of more than 900 new units (which are customised, modified, or accessorised) and over 600 used/refurbished units. The company showcased robust financial results, achieving a compound annual growth rate (CAGR) of 56.7% in revenue growth. Its Return on Equity (ROE) is recorded at 42.18%, highlighting its proficiency in leveraging capital investments for sustainable growth. Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before taking any investment decisions.
Mint
01-05-2025
- Business
- Mint
IPO Watch: Jinkushal Industries files draft papers with SEBI for IPO
IPO Watch: Jinkushal Industries Ltd has filed its draft red herring prospectus (DRHP) with the capital market regulator, Securities and Exchange Board of India (SEBI), for an initial public offering (IPO). Jinkushal Industries specializes in the global export of both new/customized and used/refurbished construction machinery. The company focuses on trading construction equipment such as hydraulic excavators, motor graders, backhoe loaders, soil compactors, wheel loaders, bulldozers, cranes, and asphalt pavers. According to the CareEdge Report, Jinkushal Industries holds the position of the largest Non-OEM exporter of construction machines, boasting a market share of 6.9%. The firm is promoted by Mr. Anil Kumar Jain, Mr. Abhinav Jain, Ms. Sandhya Jain, Ms. Tithi Jain, and Ms. Yashasvi Jain. Jinkushal Industries has a steady history of financial success, which has resulted in a robust balance sheet. The company has shown impressive financial outcomes, attaining a compound annual growth rate (CAGR) of 56.7% in revenue. Jinkushal Industries' Return on Equity (ROE) is 42.18%, indicating its proficiency in leveraging capital investments to foster sustainable growth. The firm focuses on refurbishment, reuse, and supporting the circular economy while maintaining environmental responsibility. It enjoys a varied market presence and provides optimized machine solutions. The company has established an effective supply chain infrastructure that bolsters its primary business in the export trade of construction machinery. The public offer consists of an issuance of 96.5 lakh equity shares with a face value of Rs. 10 each; this includes a new issue of up to 86.5 lakh equity shares and a sell-off of up to 10 lakh equity shares. Jinkushal Industries intends to use the funds raised from the Fresh Issue to support its Working Capital Requirements and for General Corporate Purposes. GYR Capital Advisors Private Limited serves as the sole Book Running Lead Manager (BRLM) for the planned IPO. Disclaimer: The views and recommendations above are those of individual analysts, experts and broking companies, not of Mint. We advise investors to check with certified experts before making any investment decision. First Published: 1 May 2025, 05:19 PM IST
