New Delhi, Sept. 24 -- The initial public offering (IPO) of construction machine exporter firm Jinkushal Industries is set to open for public subscription on Thursday, September 25 and will remain open until Monday, September 29. The book build issue, which combines a fresh issue of 86,35,935 shares and an offer for sale (OFS) of 9,59,548 shares, aims to raise about Rs.105 crore from the fresh issue of shares, which it intends to use for funding working capital requirements and general corporate purposes.

According to stock market sources, the last grey market premium (GMP) of the Jinkushal Industries IPO was Rs.42. Considering the upper price band of the issue at Rs.121 per share, the estimated listing price of Jinkushal Industries shar...