Jinkushal Industries IPO Day 3 Live: GMP, Subscription Status, Review. Should you apply?

Jinkus Industries IPO Day 3: The Initial Public Offer (IPO) of Jinkushal Industries, which opened for subscription on Thursday, September 25, and concludes today, ie on Monday, September 29, is a decent purchase of interest from retail and non-institutional investors (NIIs). While the headboard scholarship has been subscribed to five times, the gray market trends suggest that the stock can be listed at a healthy premium on the NSE and the BSE. Jinkal Industries IPO subscription status at 10:15 on day 3 of the bid on Monday, the public edition was booked 6.46 times, and received a bid for 4,34,47,080 shares at 67,21,048. The retail section is subscribed to 8.91 times, while the NII segment is filled 9.32 times. The QIB section of the book building issue is subscribed to 0.04 times. Jinkushal Industries IPO GMP Today According to Gray Market attendants, the shares of Jinkushal Industries are available at a premium of £ 17 per share. Considering the top price tire of the edition at £ 121, the share is expected to be listed at £ 138, a premium of 14 percent. Jinkushal Industries IPO details Jinkushal Industries IPO combines a new edition of 86,35,935 shares and a OFS portion of 9,59,548 shares. According to the company’s RHP, he wants to use the returns from the new expense to meet the long-term incremental working capital requirements and for general corporate purposes. Gyr Capital Advisors is the general manager of the book running through the book, and Bigshare Services is the Registrar of the Edition. The minimum lot size for an application is 120 shares. With the top price tape of the edition at £ 121, the minimum investment required by retail investors is £ 14.520, and the maximum amount is £ 1,88,760 for 13 lots. The granting of shares is likely to be completed on Tuesday, September 30. Successful bidders can expect shares to be credited on their Demat accounts on Wednesday, October 1, while those who do not receive the subscription will receive a refund on the same day. The company’s shares will be listed on the BSE and the NSE on Friday, October 3. Jinkushal Industries IPO Review Jinkushal Industries Exports and trades new, adapted, used and refurbished construction machines to world markets. The company’s revenue from FY23 operations stood at £ 233.45 crore, rising in FY24 to £ 238.60 in FY24 and £ 380.6 crore. The profit for FY23 was £ 10.12 crore, which rose to £ 18.64 crore in FY24 and to £ 19.14 in FY25. According to brokerage firm Anand Rathi, Jinkushal Industries is one of the largest exporters of non-ox construction equipment. Through its subsidiaries it has an international presence in the UAE and the US. The brokerage firm underlined that the company was valued at the Upper Price Band on a P/E of 24 times its FY25 earnings, with EV/ebitda of 22 times and a market cap of £ 464.4 after the shares issue. Jinkushal Industries IPO: Should you apply? Anand Rathi is of the opinion that the Jinkushal Industries IPO is fully priced, and the brokerage firm recommends a ‘sign for long -term’ rating for it. The brokerage firm Ventura said the company plans to consolidate the international market share, expand to new geographical areas and strengthen brand offers. “Consistent recognition, such as ‘India’s top exporter of the year service’ and ‘Top SME Business of the Year 2024’, positions the long-term sustainable growth company,” says Ventura. According to Arun Kejriwal, founder of Kejriwal Research and Investment Services, the company earns profit, and due to the small size, the public issue is expected to sail through the Indian primary market with ease. However, Kejriwal has underlined that the secondary market mood is expected to work so far. “The company’s business model does not provide a clear ease for the long term. Therefore, investors with high risk can apply for the public issue to list only profits,” says Kejriwal. Read all IPO-related news here read more stories by Nishant Kumar Disclaimer: This story is for educational purposes only. The views and recommendations expressed are those of individual analysts or brokerage firms, not coin. We advise investors to consult with certified experts before making investment decisions, as market conditions can change quickly and conditions can vary.