Latest news with #JKIPL
Hans India
05-05-2025
- Business
- Hans India
Jinkushal's net profit dips as expenses rise, show IPO papers
Chhattisgarh-based exporter of construction machinery, Jinkushal Industries Limited (JKIPL), has filed its draft red herring prospectus (DRHP) with capital markets regulator Securities and Exchange Board of India (SEBI) to raise funds through an initial public offering (IPO). While the company aims to bolster its working capital through the fresh issue of shares, financial details disclosed in the DRHP suggest some underlying challenges. According to the DRHP, Jinkushal's revenue rose to Rs 31,093.32 lakh for the nine months ended December 31, 2024, compared to Rs 24,279.84 lakh for the full financial year ending March 31, 2024. However, the rise in revenue has not translated into improved profitability. In fact, net profit declined nearly 2.8 per cent to Rs 1,812.34 lakh for the nine-month period, from Rs 1,864.45 lakh for the previous full fiscal year. More notably, the company's total expenses surged significantly – around 32.5 per cent -- to Rs 28,901 lakh in the nine-month period, from Rs 21,806.87 lakh as of March 2024. This sharp increase in costs has compressed margins, raising questions about operational efficiency and cost management as the company looks to scale. The IPO will comprise 96.5 lakh equity shares of Rs 10 each, including a fresh issue of 86.5 lakh shares. An additional 10 lakh shares will be offloaded by the promoters under the offer-for-sale (OFS) route, allowing them to partially exit their investment. GYR Capital Advisors Private Limited is acting as the sole Book Running Lead Manager (BRLM) for the IPO. The company is engaged in export trading of both new and used or refurbished construction machinery. Its product range includes hydraulic excavators, cranes, bulldozers, backhoe loaders, motor graders, soil compactors, wheel loaders, and asphalt pavers. However, the financials suggest that rising input and operational costs could be a concern.
Economic Times
01-05-2025
- Business
- Economic Times
Jinkushal Industries files IPO papers with Sebi
Jinkushal Industries Ltd (JKIPL) has filed preliminary papers with capital markets regulator Sebi seeking its go-ahead to float an initial public offering (IPO). The IPO is a combination of a fresh issue of 86.5 lakh shares and an offer for sale (OFS) of 10 lakh shares by promoters, according to the draft red herring prospectus (DRHP) filed on Wednesday. ADVERTISEMENT JKIPL proposes to utilise the proceeds from the fresh issue towards funding the working capital requirements and for general corporate purposes. The Chhattisgarh-based company is engaged in export trading of new/customised and used/refurbished construction machines in global markets. It specialises in export trading of construction machines such as hydraulic excavators, motor graders, backhoe loaders, soil compactors, wheel loaders, bulldozers, cranes, and asphalt pavers. The company has supplied over 1,500 construction machines, comprising over 900 new (with customisation or accessorised) and over 600 used or refurbished construction machines. It has exported construction machines to over 30 countries, including the UAE, Mexico, the Netherlands, Belgium, South Africa, Australia, and the UK, as per the draft papers. Recently, JKIPL launched its brand, 'HexL', for construction machines. This marks a transition from other brands' product sales model to its own brand sales model. Going forward, the company intends to launch categories of construction machines, including electric construction equipment, under its brand name. GYR Capital Advisors is the sole book-running lead manager (BRLM) to the proposed IPO.
Time of India
01-05-2025
- Business
- Time of India
Jinkushal Industries files IPO papers with Sebi
Jinkushal Industries Ltd (JKIPL) has filed preliminary papers with capital markets regulator Sebi seeking its go-ahead to float an initial public offering (IPO). The IPO is a combination of a fresh issue of 86.5 lakh shares and an offer for sale (OFS) of 10 lakh shares by promoters, according to the draft red herring prospectus (DRHP) filed on Wednesday. JKIPL proposes to utilise the proceeds from the fresh issue towards funding the working capital requirements and for general corporate purposes. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Experts Amazed: Barefoot Shoes are The Best Thing You Can Do in 2025 - NOW 70% OFF! Foot Insider Undo The Chhattisgarh-based company is engaged in export trading of new/customised and used/refurbished construction machines in global markets. It specialises in export trading of construction machines such as hydraulic excavators, motor graders, backhoe loaders, soil compactors, wheel loaders, bulldozers, cranes, and asphalt pavers. Play Video Pause Skip Backward Skip Forward Unmute Current Time 0:00 / Duration 0:00 Loaded : 0% 0:00 Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 1x Playback Rate Chapters Chapters Descriptions descriptions off , selected Captions captions settings , opens captions settings dialog captions off , selected Audio Track Picture-in-Picture Fullscreen This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Text Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Transparent Caption Area Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Drop shadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. The company has supplied over 1,500 construction machines, comprising over 900 new (with customisation or accessorised) and over 600 used or refurbished construction machines. It has exported construction machines to over 30 countries, including the UAE, Mexico, the Netherlands, Belgium, South Africa, Australia, and the UK, as per the draft papers. Live Events Recently, JKIPL launched its brand, 'HexL', for construction machines. This marks a transition from other brands' product sales model to its own brand sales model. Going forward, the company intends to launch categories of construction machines, including electric construction equipment, under its brand name. GYR Capital Advisors is the sole book-running lead manager (BRLM) to the proposed IPO.
