1/5/2025, 9:09:02 am

Jinkushal Industries files draft papers to raise funds via IPO

Chhatisgarh-based Jinkushal Industries, a leading non-OEM construction machines exporter, has filed for an IPO with SEBI to raise funds. The IPO includes 86.5 lakh fresh shares and 10 lakh shares via offer-for-sale. The company, holding a 6.9% market share, plans to use funds for working capital and corporate purposes. It reported an 84.3% YoY profit growth to Rs 18.6 crore in FY24.