26 Sep 2025 | 3 Mins Read
Ajcon Global recommends Jinkushal Industries Ltd IPO subscription
Flipitmoney
Jinkushal Industries Ltd, a non-OEM construction equipment exporter, holds a 6.9% market share. It exports to over 30 countries, operates three business verticals: customized machines, used machines, and their 'HexL' brand machinery. Valued at ₹ 4,644 million, the IPO is considered fully priced with a P/E of 30.1x and EV/EBITDA of 22.0x.