Jinkushal Industries IPO
Jinkushal Industries Limited (JKIPL) · mainboard IPO on NSE and BSE · 100% Book Building. Listed on 03 October 2025.
Issue details
Listing day
Back-tested estimate (from a model that had only seen earlier years' IPOs): listing gain +13.3% (likely range 0% to +46%), day's high +17.5%, chance of a gain 82%. Actual: +3.3% at the open, +4.9% at the high.
Subscription status
| Category | Shares offered | Shares bid for | Subscribed | |
|---|---|---|---|---|
| QIB (institutions) | 19,21,273 | 6,85,11,240 | 35.7x | |
| NII (HNI) total | 14,39,933 | 21,07,93,920 | 146x | |
| Big NII (above ₹10 lakh) | 9,59,956 | 13,54,04,760 | 141x | |
| Small NII (₹2-10 lakh) | 4,79,977 | 7,53,89,160 | 157x | |
| Retail | 33,59,842 | 15,82,64,400 | 47.1x | |
| Total | 67,21,048 | 43,75,69,560 | 65.1x |
Bids on NSE and BSE together, as published by NSE, as of 29 Sep 2025, 07:00 PM. Shares offered exclude the anchor portion. 29% of all shares bid for were at the cut-off price.
Past IPOs with similar demand
Earlier mainboard IPOs whose QIB, NII and retail subscription and size were closest to Jinkushal Industries's, and how they listed.
| IPO | QIB | NII | Retail | Total | Size | Listing gain | Day high |
|---|---|---|---|---|---|---|---|
| Amanta HealthcareSep 2025 | 35.9x | 209x | 55.0x | 82.6x | ₹126 Cr | +7.1% | +12.5% |
| SRM ContractorsMar 2024 | 59.6x | 215x | 47.0x | 86.6x | ₹130 Cr | +2.5% | +7.6% |
| CSB BankNov 2019 | 62.2x | 165x | 44.5x | 86.9x | ₹410 Cr | +41.0% | +57.3% |
| Supriya LifescienceDec 2021 | 31.8x | 161x | 56.0x | 71.5x | ₹724 Cr | +53.6% | +53.6% |
| Globe Civil ProjectsJun 2025 | 99.8x | 143x | 53.7x | 86.0x | ₹119 Cr | +26.8% | +33.1% |
| Sigachi IndustriesNov 2021 | 86.5x | 172x | 80.5x | 102x | ₹125 Cr | +249.7% | +267.2% |
Lead managers and their listing record
| Book running lead manager | Mainboard IPOs since 2019 | Avg listing gain | Listed at a premium |
|---|---|---|---|
| GYR Capital Advisors | 2 | +6.6% | 100% |
Offer documents (NSE)
Frequently asked
What is the Jinkushal Industries IPO price band and lot size? ₹115–121 per share, with a lot of 120 shares, so the smallest retail bid is ₹14,520.
How many times has it been subscribed? 65.1x overall: QIB 35.7x, NII 146x, retail 47.1x.
How did it list? It opened at ₹125, +3.3% against the issue price of ₹121, and closed its first day +0.6%.
