Jinkushal Industries Ltd’s IPO received 2.29 times subscription on the first day, with bids for 1,53,87,600 shares against 67,21,048 shares on offer. The retail and non-institutional investor categories were subscribed 3.28 and 3.01 times respectively, while the Qualified Institutional Buyers (QIBs) quota saw 2% subscription. The company has raised Rs 35 crore from anchor investors