Jinkushal Industries files IPO papers with SEBI

Portfolio

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.

Published on May 1, 2025

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