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Jinkushal Industries IPO Review

Jinkushal Industries IPO has been reviewed by 9 analysts, and the overall consensus is Strong Apply — carrying a score of 90. Out of the 9 analysts who have covered this IPO, 7 recommend subscribing while 2 advise caution or avoidance — reflecting a broadly positive view from the analyst community.

The issue is priced in the band of ₹115-121 per share, with a minimum application size of 120 shares (minimum investment of approximately ₹14,520 at the upper band). Subscription ran from 25 Sep 2025 to 29 Sep 2025. The issue size is ₹116 crore, a mix of fresh issue and offer for sale. Scroll down for the full analyst breakdown and analyst-wise verdicts.

Abhishek Vohera, Founder of IPO Guru Researched & reviewed by Abhishek Vohera, Founder, IPO Guru Last updated Figures sourced from the RHP, BSE & NSE

Analyst verdict & score

One score out of 100, aggregated from every analyst verdict tracked for this issue. How it's calculated

Sentiment score
90/ 100
Strong Apply 7 of 9 recommend subscribing
How analysts voted
Apply 7
Neutral 2

Higher consensus indicates broader analyst agreement.

Detailed review

What the analyst reports say, grouped by the question you're likely asking.

General review

Jinkushal Industries is described in the notes as the largest player in its segment of construction and infrastructure equipment. Revenue grew from ₹242.80 crore in FY24 to ₹385.81 crore in FY25, though EBITDA was nearly flat at ₹28.60 crore. Six of the eight analysts said subscribe, two stayed neutral.

Listing gains

The notes value the issue between about 19.7 and 24.3 times FY25 earnings of ₹6.43 per share, with EV to EBITDA near 22 times and a market cap of about ₹464 crore, against a peer trading near 33 times. That modest discount pointed to a positive but measured listing.

Short-term strategy

The concern the numbers raise is margin. Revenue rose about 59 percent in FY25 while EBITDA moved only from ₹27.57 crore to ₹28.60 crore, so the growth came at a much lower margin. Fresh money funds working capital, which a fast-growing equipment business needs.

Long-term strategy

Analysts recommend a medium to long-term view based on the leading position in a niche equipment segment. The long-term question the figures pose is whether margins recover as scale builds, since revenue growing three times faster than EBITDA is not a pattern that can continue indefinitely.

How this is written: an AI-assisted summary of the 9 analyst reports listed below. It reports their views; IPO Guru does not make buy or sell recommendations.

Analyst reviews

Ordered by each analyst's track record over the past year; analysts still building one are listed last.

Latest IPO reviews

How analysts rated the most recent mainboard issues — and, where they have listed, how the call played out.

Frequently asked

Should I apply for Jinkushal Industries IPO?

The analyst consensus for Jinkushal Industries IPO tracked on this page is Strong Apply, with a score of 90/100. Out of 9 analysts who have reviewed this IPO, 7 recommend subscribing. IPO Guru does not make buy or sell recommendations. Read the individual analyst reports and consult a SEBI-registered advisor before investing.

What does the score of 90 mean for Jinkushal Industries IPO?

The score of 90 is an aggregate of all analyst ratings tracked for Jinkushal Industries IPO. A score in this range indicates strong analyst confidence — most analysts are recommending a subscribe. Read the individual analyst verdicts above for more context.

What was the actual listing price of Jinkushal Industries IPO?

Jinkushal Industries IPO listed on October 3, 2025 at ₹125, against the issue price of ₹121 — a gain of +3.31% (₹4 per share). View the full GMP history page for day-wise pre-listing trends.

What is the price band and lot size of Jinkushal Industries IPO?

Jinkushal Industries IPO was priced at ₹115-121 per share. The minimum lot size is 120 shares, making the minimum investment approximately ₹14,520 at the upper end of the price band. Subscription ran from 25 Sep 2025 to 29 Sep 2025.

Explore Jinkushal Industries IPO further

Analyst views are one input. Read them alongside the demand, the grey market and the filings before you decide.

Jinkushal Industries IPO review

A verdict is an opinion, not a guarantee.

IPO Guru collects analyst views, GMP, subscription and allotment for every Mainboard and SME issue. Weigh them together — and against the offer document — before you apply.

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Disclaimer: Grey Market Premium (GMP) is for information purposes and is not a guarantee of listing price. Always consult your financial advisor before investing.

Consensus
Strong Apply
Score
90 / 100
Listed at
₹125
Full IPO details