Kenrik Industries Limited IPO
BSE SMEListed On: May 9, 2025 at ₹ 25.01
₹ 150000 /6000 Shares
Check Allotment29 Apr, 2025
Open Date06 May, 2025
Close Date07 May, 2025
Allotment Date09 May, 2025
Listing DateIssue Price
₹25 per equity shareFace Value
₹10 Per Equity ShareListing at Group
BSE SMERegistrar
Skyline Financial Services Private LtdList Price
25.01Listing Date
2025-05-09Market Lot
6000 Shares (₹150,000/-)Lead Manager
Turnaround Corporate Advisors Private LimitedIssue Size
34,98,000 shares(aggregating up to ₹8.75 Cr)Retail Portion
50%Subscription
2.00 timesKenrik Industries IPO Details
Kenrik Industries Limited IPO is an SME IPO, priced at ₹25 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the BSE SME platform. The IPO comprises a total issue of 34,98,000 equity shares, aggregating up to ₹8.75 crores..
The IPO bidding window is open from Apr 29, 2025 to May 6, 2025. The allotment is expected to be finalized on May 7, 2025, and the tentative listing date is May 9, 2025.
The minimum lot size for retail investors is 6000 shares, with a minimum investment of ₹1,50,000. For HNIs, the minimum application size is 2 lots , amounting to ₹ 3,00,000.
Turnaround Corporate Advisors Private Limited is acting as the lead manager to the issue. The registrar of the IPO is Skyline Financial Services Private Ltd, and Mnm Stock Broking Private Limited will act as the market maker for this issue.
Kenrik Industries IPO Subscription Details
| As on | QIB / NII | Retail | Total |
|---|---|---|---|
| Shares Offered / Reserved | 16,56,000 | 16,62,000 | 33,18,000 |
| Day 1 - 29-04-25 06:00 PM | 0.02 x | 0.49 x | 0.25 x |
| Day 2 - 30-04-25 06:00 PM | 0.03 x | 0.94 x | 0.49 x |
| Day 3 - 02-05-25 06:00 PM | 0.06 x | 1.48 x | 0.77 x |
| Day 4 - 05-05-25 06:00 PM | 0.16 x | 2.43 x | 1.30 x |
| Day 5 - 06-05-25 06:00 PM | 0.20 x | 3.79 x | 2.00 x |
Kenrik Industries Valuations
EPS Pre IPO
₹1.21/-EPS Post IPO
₹1.07/-P/E Pre IPO
20.74P/E Post IPO
23.31ROE
9.01%ROCE
10.85%Debt/Equity
0.06RoNW
8.62%PAT Margin
1.53Kenrik Industries Company Financials All values are in ₹ Cr.
| 31-Oct-24 | 31-Mar-24 | 31-Mar-23 | 31-Mar-22 | |
|---|---|---|---|---|
| Assets | 15.98 | 15.8 | 15.59 | 12.47 |
| Revenue | 42.19 | 70.97 | 52.04 | 32.69 |
| Profit After Tax | 0.78 | 1.08 | 0.47 | 0.39 |
| Net Worth | 13.37 | 12.59 | 11.5 | 11.03 |
| Total Borrowing | 0.99 | 0.78 | 0.57 | 0.35 |
About The Company
Established in 2017, Kenrik Industries Limited deals in designing and marketing traditional Indian jewelry. The firm's product lineup includes handmade gold jewelry studded with precious and semi-precious stones, such as diamonds, rubies, and cubic zirconia.
Kenrik Industries Limited provides a wide range of products that comprise rings, earrings, armlets, pendants, nose rings, bracelets, chains, necklaces, bangles, watches, luxury items, and wedding jewellery. The products are designed as per the specific requirements of the customers and are produced on a job-work basis at the company's plant in Ahmedabad, Gujarat.
Kenrik Industries Limited is presently engaged in a Business-to-Business (B2B) model, serving customers from high-end, mid-market, and value segments. Strong focus is given to quality check, inventory, and business development with a guarantee that all jewellery is BIS Hallmark certified.
As of 31st July, 2024, Kenrik Industries Limited employs a total of 9 staff members across different departments
Kenrik Industries - Promoter(s)
Pre Issue Share Holding: 99.99%
Post Issue Share Holding: 72.01%
- Nitinkumar Dalpatbhai Shah
- Nihar Nitinbhai Shah
- Manisha Nitinkumar Shah
- Shah Nitin Dalpatlal (HUF)
Kenrik Industries IPO - Issue Objectives
- To meet Working Capital Requirements
- General Corporate Expenses
Other Details
Kenrik Industries
B-306, East Face, Behind Maruti Suzuki Showroom, Nr. S P Ring Road, Ambli Road, Ambli, Daskroi, Ahmedabad, Gujarat – 380058Skyline Financial Services Private Ltd
Kenrik Industries IPO - FAQs
Ans. Kenrik Industries Limited IPO is a SME IPO. The issue is priced at ₹25 per equity share. The minimum order quantity is 6000 Shares. The IPO opens on Apr 29, 2025, and closes on May 6, 2025. Skyline Financial Services Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Ans. The Kenrik Industries Limited IPO opens on Apr 29, 2025 and closes on May 6, 2025.
Ans. The size of Kenrik Industries Limited IPO is 34,98,000 shares(aggregating up to ₹8.75 Cr).
Ans. The IPO price band is set between ₹25 per equity share.
Ans. To apply for Kenrik Industries Limited IPO IPO, follow the steps given below:
- - Open the IPO Ji App or Website
- - Find Kenrik Industries Limited IPO in the List of IPOs
- - Press "Apply" Button
- - Select Your Demat Account
- - Select Your Shares Quantity and Submit
- - Track Your IPO Status
Ans. The share allotment date of Kenrik Industries Limited IPO is May 7, 2025.
Ans. The Kenrik Industries Limited IPO will be listed on May 9, 2025.
Ans. Follow the steps to check the allotment status for Kenrik Industries Limited IPO here.
