Bengaluru – Jinkushal Industries Ltd. (JKIPL), India’s largest non-OEM exporter of construction machinery, has filed its Draft Red Herring Prospectus (DRHP) with SEBI for an Initial Public Offering (IPO).
The IPO comprises 96.5 lakh equity shares, including a fresh issue of 86.5 lakh shares and an offer for sale of 10 lakh shares. Proceeds from the fresh issue will be used to fund working capital needs and for general corporate purposes.
Promoted by the Jain family, JKIPL exports new/customized and refurbished construction machines to over 30 countries, including the UAE, US, Mexico, and Australia. It operates across three verticals—customized new machines, refurbished equipment, and its own brand, ‘HexL’, recently launched with plans to expand into electric construction machinery.
The company has supplied over 1,500 machines, supported by a 30,000 sq. ft. refurbishment facility in Raipur. Recognized as a Three-Star Export House, JKIPL holds a 6.9% market share in non-OEM exports (CareEdge Report) and reported a 56.7% revenue CAGR with a 42.18% ROE.
GYR Capital Advisors Pvt. Ltd. is acting as the Book Running Lead Manager to the IPO.
