Jinkushal Industries IPO GMP Today: Subscription Ends Soon! Is GMP Hinting At Gains? Know Before Applying

Jinkushal Industries IPO GMP Today: Jinkushal Industries Initial Public Offering (IPO) subscription is set to conclude on Monday, September 29. The IPO GMP today (grey market premium today) indicates a weak listing of the IPO.

Jinkushal Industries IPO is receiving decent response from non institutional buyers and QIBs. The issue has been subscribed 16.54 times so far. For investors who are willing to park their money in the Jinkushal Industries IPO, here are all the details about it, from grey market premium to subscription status.

Jinkushal Industries IPO GMP Today

The IPO GMP stood at Rs 17, according to investorgain.com at 11:29 am. Given the IPO's grey market premium, it is expected to be listed at a price of Rs 138 per share (sum of IPO GMP today and upper price band). The company's expected percentage gain or loss per share is 14.05%, as per the website.

Jinkushal Industries IPO Subscription Status

Jinkushal Industries IPO is subscribed around 16.54 times so far, according to Chittorgarh.com. The IPO subscription includes 18.62 times in the retail category, 0.08 times in the QIB category and 33.62 times in the NII category by 11:54 am. The company's expected percentage gain or loss per share is 14.05%.

Jinkushal Industries IPO: Should You Subscribe?

The company's asset-light model, extensive international sourcing, distribution network, and healthy return ratios are likely to boost its business growth in the long run, according to Harshal Dasani Business Head INVasset PMS. He also highlighted that key risks associated to the company's performance includes thin margins typical of trading businesses, concentration of revenue from exports, and sensitivity to forex, logistics, and inventory cycles.

"Valuations appear fair on earnings and undemanding on sales. Near-term listing gains will depend on investor appetite for trading-led businesses, but over the long term, sustained margin improvement, efficient inventory management, and continued global demand for used equipment will determine its re-rating potential," noted Dasani.

About Jinkushal Industries IPO

The IPO is a book build issue of Rs 116.15 crores which is a combination of fresh issue of 0.86 crore shares, equal to Rs 104.54 crores and offer for sale of 0.10 crore shares aggregating to Rs 11.61 crores.

The minimum amount of investment for retail buyers is Rs 14,520 (120 shares) and the lot size for sNII is 14 lots, equivalent to Rs 2,03,280. The Raipur-headquartered company is an export-led merchant trader of new and refurbished construction equipment. It has international operations with its UAE arm, Hexco Global FZCO, and a US subsidiary.
Financially, the company reported FY24 revenue of Rs 2,385.9 crore with EBITDA of Rs 275.7 crore. For FY25 (restated), revenue rose to Rs 3,805.6 crore while EBITDA stood at Rs 286.0 crore.

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