IPO Watch, May 1 -- Jinkushal Industries Ltd has filed its draft red herring prospectus (DRHP) with the capital market regulator, Securities and Exchange Board of India (SEBI), for an initial public offering (IPO).

Jinkushal Industries specializes in the global export of both new/customized and used/refurbished construction machinery. The company focuses on trading construction equipment such as hydraulic excavators, motor graders, backhoe loaders, soil compactors, wheel loaders, bulldozers, cranes, and asphalt pavers.

According to the CareEdge Report, Jinkushal Industries holds the position of the largest Non-OEM exporter of construction machines, boasting a market share of 6.9%. The firm is promoted by Mr. Anil Kumar Jain, Mr. Abhinav...