Fixed Price IPO | ₹84 Cr | Listed at NSE SME | Wed, Feb 5, 2025 - Fri, Feb 7, 2025
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Wed, Feb 5, 2025
IPO Close
Fri, Feb 7, 2025
Issue Price
₹94 per share
Market Cap (Pre-IPO)
₹230.92 Cr
| IPO Date | 5 to 7 Feb, 2025 |
| Listed on | Wed, Feb 12, 2025 |
| Face Value | ₹10 per share |
| Issue Price | ₹94 per share |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Total Issue Size | 88,99,200 shares (agg. up to ₹84 Cr) |
| Reserved for Market Maker | 4,45,200 shares Giriraj Stock Broking Pvt.Ltd. (agg. up to ₹4 Cr) |
| Fresh Issue (Ex Market Maker) | 57,54,000 shares (agg. up to ₹54 Cr) |
| Offer for Sale | 27,00,000 shares of ₹10 (agg. up to ₹25 Cr) |
| Net Offered to Public | 84,54,000 shares (agg. up to ₹79 Cr) |
| Share Holding Pre Issue | 1,83,66,280 shares |
| Share Holding Post Issue | 2,45,65,480 shares |
| NSE Symbol | KEN |
| ISIN | INE15DO01012 |
Ken Enterprises IPO comprises a total issue size of 88,99,200 shares. The net offer to the public is 84,54,000 shares, after excluding 4,45,200 shares allotted on a firm basis. Of the Net offer 17,23,200 (20.38%) allocated to NII 67,30,800 (79.62%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 17,23,200 | 20.38% | 19.36% |
| Retail Shares Offered | 67,30,800 | 79.62% | 75.63% |
| Firm Reservations | |||
| Market Maker Shares Offered | 4,45,200 | 5.00% | |
| Total Shares Offered | 88,99,200 | 100.00% | 100.00% |
Investors can bid for a minimum of 1,200 shares and in multiples thereof.
| 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 |
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 | 266.30 | 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 Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Unidentified Acquisitions in India and abroad | 0.00 |
| 2 | Purchase of New Machinery | 0.00 |
| 3 | Capital Expenditure for renovation of both manufacturing facilities | 0.00 |
| 4 | To meet working capital requirements | 0.00 |
| 5 | General Corporate Expenses | 0.00 |
| 6 | Issue Expenses | 0.00 |
| KPI | Mar 31, 2024 |
|---|---|
| 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 (₹) | 4.86 | 5.82 |
| P/E (x) | 19.34 | 16.16 |
| Promoter Holding | 81.21% | 49.72% |
| Market Cap | ₹230.92 Cr. |
The Ken Enterprises IPO is subscribed 4.36 times on February 7, 2025 6:19:59 PM (Day 3). The public issue subscribed 6.86 times in the retail category, [.] times in the QIB category, and 1.75 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for | Total Application |
|---|---|---|---|---|
| NII* | 1.75 | 42,27,000 | 73,78,800 | 1,669 |
| Retail | 6.86 | 42,27,000 | 2,90,12,400 | 24,177 |
| Total | 4.36 | 84,54,001 | 3,68,60,400 | 25,847 |
Total Application : 25,847
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Issue Management fees including fees and reimbursement of underwriting fees, Lead Manager fees, brokerages, payment to other intermediaries such as legal advisor, peer review auditor, Registrar etc. | 4.75 |
| 2 | Advertising and Marketing Expenses | 0.15 |
| 3 | Regulatory and other fees | 0.15 |
| 4 | Other Expenses (printing, stationery expenses, postage etc.) | 0.20 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹94.00 |
| Open | ₹85.00 |
| Low | ₹80.75 |
| High | ₹85.00 |
| Last Trade | ₹80.75 |
Lead Manager Reports
Ken Enterprises IPO is a SME IPO of 88,99,200 equity shares of the face value of ₹10 aggregating up to ₹84 Crores. The issue is priced at ₹94 per share. The minimum order quantity is 1200.
The IPO opens on Wed, Feb 5, 2025, and closes on Fri, Feb 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 Wed, Feb 5, 2025 and closes on Fri, Feb 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 Tue, Feb 11, 2025. Check the Ken Enterprises IPO allotment status.
The Ken Enterprises IPO listing date is on Wed, Feb 12, 2025.
