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Ken Enterprises IPO is a fixed price issue of ₹83.65 crores. The issue is a combination of fresh issue of 0.62 crore shares aggregating to ₹58.27 crores and offer for sale of 0.27 crore shares aggregating to ₹25.38 crores.
Ken Enterprises IPO bidding started from Feb 5, 2025 and ended on Feb 7, 2025. The allotment for Ken Enterprises IPO was finalized on Feb 10, 2025. The shares got listed on NSE SME on Feb 12, 2025.
Ken Enterprises IPO price is ₹94.00 per share . The lot size for an application is 1,200. The minimum amount of investment required by an individual investor (retail) is ₹1,12,800 (1200 shares). The minimum lot size investment for HNI is 2 lots (2,400 shares), amounting to ₹2,25,600.
Corporate Makers Capital Ltd. is the book running lead manager and Skyline Financial Services Pvt.Ltd. is the registrar of the issue. The market maker of the company is Giriraj Stock Broking Pvt.Ltd..
Refer to Ken Enterprises IPO RHP for detailed Information.
| IPO Date | February 5, 2025 to February 7, 2025 |
| Listing Date | February 12, 2025 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹94 per share |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 88,99,200 shares (aggregating up to ₹83.65 Cr) |
| Reserved for Market Maker | 4,45,200 shares Giriraj Stock Broking Pvt.Ltd. (aggregating up to ₹4.18 Cr) |
| Fresh Issue (Ex Market Maker) | 57,54,000 shares (aggregating up to ₹54.09 Cr) |
| Offer for Sale | 27,00,000 shares of ₹10 (aggregating up to ₹25.38 Cr) |
| Net Offered to Public | 84,54,000 shares (aggregating up to ₹79.47 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 1,83,66,280 shares |
| Share Holding Post Issue | 2,45,65,480 shares |
Ken Enterprises IPO offers total 88,99,200 shares. Out of which 17,23,200 (19.36%) allocated to NII, 67,30,800 (75.63%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 4,45,200 (5.00%) |
| NII (HNI) Shares Offered | 17,23,200 (19.36%) |
| Retail Shares Offered | 67,30,800 (75.63%) |
| Total Shares Offered | 88,99,200 (100.00%) |
Ken Enterprises IPO opens on February 5, 2025, and closes on February 7, 2025.
| IPO Open Date | Wed, Feb 5, 2025 |
| IPO Close Date | Fri, Feb 7, 2025 |
| Tentative Allotment | Mon, Feb 10, 2025 |
| Initiation of Refunds | Tue, Feb 11, 2025 |
| Credit of Shares to Demat | Tue, Feb 11, 2025 |
| Tentative Listing Date | Wed, Feb 12, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Feb 7, 2025 |
Investors can bid for a minimum of 1,200 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,200 | ₹1,12,800 |
| Retail (Max) | 1 | 1,200 | ₹1,12,800 |
| HNI (Min) | 2 | 2,400 | ₹2,25,600 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 1998, Ken Enterprises Limited is engaged in the business of textile manufacturing.
The company manufactures fabrics for various purposes, including apparel, industrial, technical, shirtings, and home furnishings.
The company is into manufacturing of greige fabrics. They utilize third-party manufacturing services for the production of greige fabric on a job-work basis, located in and around Ichalkaranji, Maharashtra, a key fabric weaving hub, to enhance their manufacturing capacity.
The company’s business model focuses on quality and customer satisfaction, supplying regular and sustainable greige and finished fabrics on an order-to-order basis. The product range includes greige, dyed (supported by third parties), printed, and RFD/PFD fabrics.
The company has two manufacturing units, both located in Shirol taluka near Ichalkaranji, covering a combined area of approximately 50,000 square feet and equipped with the necessary machinery.
Product Portfolio:
As of December 31, 2024, the company had 228 permanent employees.
Competitive Strengths:
| Period Ended | 30 Nov 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 266.3 | 242.15 | 195.16 | 187.26 |
| Total Income | 332.85 | 409.13 | 375.23 | 360.32 |
| Profit After Tax | 9.53 | 8.93 | 3.95 | 2.36 |
| Net Worth | 54.38 | 44.85 | 35.93 | 31.98 |
| Reserves and Surplus | 36.01 | 42.27 | 33.34 | 29.39 |
| Total Borrowing | 43.14 | 47.84 | 49.45 | 41.01 |
| Amount in ₹ Crore | ||||
The market capitalization of Ken Enterprises IPO is ₹230.92 Cr.
KPI as of Sun, Mar 31, 2024.
| KPI | Values |
|---|---|
| ROE | 19.90% |
| ROCE | 51.52% |
| Debt/Equity | 0.09 |
| RoNW | 19.90% |
| PAT Margin | 2.22% |
| Price to Book Value | 3.85 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 4.86 | 5.82 |
| P/E (x) | 19.34 | 16.16 |
The Company proposes to utilize the funds which are being raised towards funding the following objects:
The Company will not receive any proceeds from the Offer for Sale.
[Dilip Davda] KEL is in textile manufacturing and marketing with major operations from third party job contracts. It posted steady growth in its top lines for the reported periods. The sudden boost in bottom line in pre-IPO periods raises eyebrows and concern over its sustainability as it is operating in a highly competitive and fragmented segment. Higher margins reported by it compared to its listed peers’ surprises one and all. Based on its recent financial performance, the issue appears aggressively priced. Considering ongoing fancy for textile counters, well-informed investors may park funds for medium to long term. Read detail review...
| Listing Date | February 12, 2025 |
| BSE Script Code | |
| NSE Symbol | KEN |
| ISIN | INE15DO01012 |
| Final Issue Price | ₹94 per share |
| NSE Listing Group | ST |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹94.00 |
| Open | ₹85.00 |
| Low | ₹80.75 |
| High | ₹85.00 |
| Last Trade | ₹80.75 |
Ken Enterprises Ltd.
9/621,
Industrial Estate,
Near Kalyan Kendra
Ichalkaranji, Maharashtra, 416115
Phone: 91-0230-2438538
Email: cs@kenindia.in
Website: http://www.kenindia.in/
Skyline Financial Services Pvt.Ltd.
Phone: 02228511022
Email: ipo@skylinerta.com
Website: https://www.skylinerta.com/ipo.php
Ken Enterprises IPO is a SME IPO of 88,99,200 equity shares of the face value of ₹10 aggregating up to ₹83.65 Crores. The issue is priced at ₹94 per share. The minimum order quantity is 1200.
The IPO opens on February 5, 2025, and closes on February 7, 2025.
Skyline Financial Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Ken Enterprises IPO using UPI as a payment gateway. Zerodha customers can apply in Ken Enterprises IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Ken Enterprises IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Ken Enterprises IPO opens on February 5, 2025 and closes on February 7, 2025.
Ken Enterprises IPO lot size is 1200, and the minimum amount required for application is ₹1,12,800.
You can apply in Ken Enterprises IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Ken Enterprises IPO will be done on Monday, February 10, 2025, and the allotted shares will be credited to your demat account by Tuesday, February 11, 2025. Check the Ken Enterprises IPO allotment status.
The Ken Enterprises IPO listing date is on Wednesday, February 12, 2025.
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