Upcoming IPO, Aug. 20 -- Jinkushal Industries Limited (JKIPL) has been issued final observation by the Securities and Exchange Board of India (SEBI) allowing them to raise funds through an initial public offering (IPO). According to the latest information on the regulator's website, the firm that submitted its Draft Red Herring Prospectus (DRHP) to SEBI earlier this year obtained its comments during the past week.

Jinkushal Industries IPO consists of a new issuance of as many as 86.5 lakh equity shares and a sale offer of up to 10 lakh equity shares, each having a face value of Rs. 10.

Jinkushal Industries plans to use the funds raised from the Fresh Issue to address working capital needs and for general corporate activities.

GYR Capit...