Jinkushal Industries IPO opens on September 25: Check price band, lot size and other key details

Jinkushal Industries will launch its ₹116.1-crore initial public offering (IPO) on September 25. The IPO will remain open for subscription till September 29. The IPO is a combination of a fresh issue and an offer-for-sale of over 95 lakh shares.

Jinkushal Industries IPO details

Jinkushal Industries IPO aims to raise ₹116.1 crore through its public issue. The issue is 100% book-built and made up of a fresh issuance of 86.3 lakh shares worth ₹104.4 crore and an offer-for-sale (OFS) component worth ₹11.6 crore.

The company has fixed the price band of the issue at ₹115 to ₹121 per share. The lot size, or the minimum bid quantity to apply for the issue, is 120 shares. This equates to a minimum investment amount of ₹14,520 per lot at the upper end of the price band for retail investors.

Jinkushal Industries has appointed GYR Capital Advisors as the book-running lead managers of the IPO, while Bigshare Services is the registrar for the issue.

Jinkushal Industries IPO: Important dates

Jinkushal Industries' IPO will remain open for bidding from 25 to 29 September. After the bidding is closed, the allotment of shares is expected to be finalised on September 30.

Successful bidders can expect the shares to be credited to their demat accounts by October 1, with others receiving refunds on the same day. Jinkushal Industries shares are scheduled to list on the BSE and NSE on October 3.