Jinkushal Industries IPO Sees Exceptional Demand, Subscribed 65.09x by Day 3

Jinkushal Industries Limited's initial public offering (IPO) has demonstrated exceptional investor interest through its third and final day of subscription, with Jinkushal Industries' stock price set at ₹115-121 per share, reflecting overwhelming market reception. The ₹116.15 crore IPO reached 65.09 times by 5:04:56 PM on day three.

Jinkushal Industries IPO non-institutional investors segment leads with an exceptional 146.39 times subscription, whilst retail investors demonstrate exceptional participation at 47.04 times, and qualified institutional buyers (ex-anchor) show exceptional interest at 35.70 times, whilst anchor investors show complete participation at 1.00 times.

IPO Subscription Status

Here are the subscription details for Jinkushal Industries IPO as of Day 3 (September 29, 2025, 5:04:56 PM):

Key Highlights - Day 3

• Overall subscription reached exceptional 65.09 times, showing substantial improvement from day two's 5.11 times.
• Non-institutional investors displaying exceptional interest at 146.39 times, building substantially from day two's 6.79 times.
• Retail investors showing exceptional confidence at 47.04 times, building substantially from day two's 7.28 times.
• Qualified institutional buyers (ex-anchor) showing exceptional performance at 35.70 times, building substantially from day two's 0.04 times.
• Total applications reached 12,23,980, indicating outstanding investor participation for this mainboard IPO.
• Cumulative bid amount reached ₹5,293.10 crores, massively exceeding the issue size of ₹116.15 crores.

Key Highlights - Day 2

• Overall subscription reached a strong 5.11 times, showing substantial improvement from day one's 2.29 times.
• Retail investors are showing strong performance at 7.28 times, building substantially from day one's 3.28 times.
• Non-institutional investors showed a strong performance at 6.79 times, building substantially from day one's 3.02 times.
• Qualified institutional buyers (ex-anchor) showing minimal performance at 0.04 times, building marginally from day one's 0.02 times.

Key Highlights - Day 1

• Overall subscription reached a moderate 2.29 times, showing positive initial investor interest.
• Retail investors are showing strong performance at 3.28 times, indicating decent retail appetite.
• Non-institutional investors are showing strong performance at 3.02 times, indicating good HNI appetite.
• Qualified institutional buyers showed minimal performance at 0.02 times, indicating very weak initial institutional appetite.

About Jinkushal Industries Limited

Jinkushal Industries Limited is an export trading company specializing in construction machinery, operating across three verticals including export trading of customised new machines, used and refurbished machines, and its proprietary brand 'HexL' construction machines, having supplied over 1,500 machines globally across thirty countries including UAE, Mexico, Netherlands, Belgium, South Africa, Australia, and UK.