Overview

• Bids reached 5.10 times the shares on offer by Friday, with retail at 7.27 times, non‑institutional at 6.79 times, and qualified institutions at 4% of their quota, and the book closes September 29.
• The Rs 116.1 crore mainboard offer is priced at Rs 115–121 per share with a retail lot of 120 shares, and the stock is slated to list on BSE and NSE on October 3.
• The issue comprises a fresh offer of about Rs 104.54 crore and a smaller offer‑for‑sale of roughly Rs 11.61 crore by promoters Anil Kumar Jain, Abhinav Jain and Sandhya Jain.
• The grey‑market premium stood at about Rs 21 on Friday, implying an indicative listing price near Rs 142 and roughly 17% upside, though such signals are unofficial and can change.
• Jinkushal, an export‑focused trader and seller of construction machinery operating in 30‑plus countries, reported FY2025 total income of about Rs 3,427.37 crore and net profit of Rs 409.24 crore.