Jinkushal Industries Ltd has officially taken a significant step towards going public by submitting its draft red herring prospectus (DRHP) to the Securities and Exchange Board of India (SEBI). This move marks an exciting chapter for the company, which excels in the global export of both new and refurbished construction machinery. With a diverse portfolio that includes hydraulic excavators, backhoe loaders, and bulldozers, Jinkushal is poised to make a notable impact in the construction equipment market.
Jinkushal Industries: A Leader in Construction Machinery Exports
Jinkushal Industries has carved out a niche for itself as the largest Non-OEM exporter of construction machines in India, controlling an impressive 6.9% market share. The company is spearheaded by a dynamic team: Mr. Anil Kumar Jain, Mr. Abhinav Jain, Ms. Sandhya Jain, Ms. Tithi Jain, and Ms. Yashasvi Jain. Their collective expertise is steering Jinkushal towards greater heights.
Financial Performance and Growth Potential
The company boasts a solid financial track record, showcasing a remarkable compound annual growth rate (CAGR) of 56.7% in revenue. Furthermore, its Return on Equity (ROE) stands at 42.18%, underscoring its ability to effectively utilize capital investments for sustainable growth.
- Key Financial Highlights:
- CAGR: 56.7%
- ROE: 42.18%
Jinkushal Industries emphasizes refurbishment and reuse, aligning with the principles of the circular economy while promoting environmental sustainability. Its well-established supply chain infrastructure supports its core business operations in the construction machinery export sector.
IPO Details and Future Plans
The upcoming IPO features the issuance of 96.5 lakh equity shares with a nominal value of ₹10 each. This includes a fresh issue of 86.5 lakh shares and a sell-off of 10 lakh shares. The funds raised are earmarked for enhancing working capital requirements and general corporate activities.
- IPO Snapshot:
- Total shares: 96.5 lakh
- Fresh issue: 86.5 lakh
- Sell-off: 10 lakh
GYR Capital Advisors Private Limited has been appointed as the sole Book Running Lead Manager (BRLM) for this IPO, ensuring a streamlined process as Jinkushal Industries prepares to make its mark on the stock market.
This initial public offering is not just a financial maneuver; it signifies Jinkushal’s commitment to innovation and growth within the construction industry. With its strong foundation and forward-thinking strategies, Jinkushal Industries is certainly one to watch in the coming months.
