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Kenrik Industries IPO is a fixed price issue of ₹8.75 crores. The issue is entirely a fresh issue of 0.35 crore shares of ₹8.75 crore.
Kenrik Industries IPO bidding started from Apr 29, 2025 and ended on May 6, 2025. The allotment for Kenrik Industries IPO was finalized on May 7, 2025. The shares got listed on BSE SME on May 9, 2025.
Kenrik Industries IPO price is ₹25.00 per share . The lot size for an application is 6,000. The minimum amount of investment required by an individual investor (retail) is ₹3,00,000.00 (12,000 shares). The minimum lot size investment for HNI is 3 lots (18,000 shares), amounting to ₹4,50,000.
Turnaround Corporate Advisors Pvt.Ltd. was the book running lead manager and Skyline Financial Services Pvt.Ltd. was the registrar of the issue. The market maker of the company is Mnm Stock Broking Pvt.Ltd..
Refer to Kenrik Industries IPO RHP for detailed Information.
| IPO Date | April 29, 2025 to May 6, 2025 |
| Listing Date | May 9, 2025 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹25 per share |
| Lot Size | 6,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 34,98,000 shares (aggregating up to ₹8.75 Cr) |
| Reserved for Market Maker | 1,80,000 shares Mnm Stock Broking Pvt.Ltd. (aggregating up to ₹0.4500 Cr) |
| Net Offered to Public | 33,18,000 shares (aggregating up to ₹8.30 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 89,99,900 shares |
| Share Holding Post Issue | 1,24,97,900 shares |
Kenrik Industries IPO offers total 34,98,000 shares. Out of which 16,56,000 (47.34%) allocated to NII, 16,62,000 (47.51%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,80,000 (5.15%) |
| NII (HNI) Shares Offered | 16,56,000 (47.34%) |
| Retail Shares Offered | 16,62,000 (47.51%) |
| Total Shares Offered | 34,98,000 (100.00%) |
Kenrik Industries IPO opens on April 29, 2025, and closes on May 6, 2025.
| IPO Open Date | Tue, Apr 29, 2025 |
| IPO Close Date | Tue, May 6, 2025 |
| Tentative Allotment | Wed, May 7, 2025 |
| Initiation of Refunds | Thu, May 8, 2025 |
| Credit of Shares to Demat | Thu, May 8, 2025 |
| Tentative Listing Date | Fri, May 9, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on Tue, May 6, 2025 |
Investors can bid for a minimum of 12,000 shares and in multiples of 6,000 shares 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 |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 12,000 | ₹3,00,000 |
| Individual investors (Retail) (Min) | 2 | 12,000 | ₹3,00,000 |
| HNI (Min) | 3 | 18,000 | ₹4,50,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 2017, Kenrik Industries Limited is engaged in the design and distribution of traditional Indian jewellery. The company’s product range features handmade gold jewellery studded with precious and semi-precious stones, including diamonds, rubies, and cubic zirconia.
Kenrik Industries Limited offers an extensive portfolio that includes rings, earrings, armlets, pendants, nose rings, bracelets, chains, necklaces, bangles, watches, luxury items, and wedding jewellery. The products are crafted to meet specific customer requirements and are manufactured on a job-work basis at the company’s facility located in Ahmedabad, Gujarat.
Kenrik Industries Limited currently operates under a Business-to-Business (B2B) model, catering to customers across high-end, mid-market, and value market segments. The company places strong emphasis on quality control, inventory management, and business development, ensuring all jewellery is certified by BIS Hallmark.
As of July 31, 2024, Kenrik Industries Limited has a total of 9 employees across various departments.
| Period Ended | 31 Oct 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 15.98 | 15.8 | 15.59 | 12.47 |
| Total Income | 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 |
| Amount in ₹ Crore | ||||
The market capitalization of Kenrik Industries IPO is ₹31.24 Cr.
KPI as of Sun, Mar 31, 2024.
| KPI | Values |
|---|---|
| ROE | 9.01% |
| ROCE | 10.85% |
| Debt/Equity | 0.06 |
| RoNW | 8.62% |
| PAT Margin | 1.53% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 1.21 | 1.07 |
| P/E (x) | 20.74 | 23.31 |
The Company Kenrik Industries IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | To meet Working Capital Requirements | 6.56 |
| 2 | General Corporate Expenses | 1.80 |
[Dilip Davda] KIL is engaged in manufacturing and dealing in plain and studded jewelleries. Its major operation is done on job work basis; thus, it depends on third party. Though it posted steady growth in its top lines for the reported periods, the sudden boost in bottom lines from FY24 onwards raises eyebrows. It is operating in a highly competitive and fragmented segment. There is no harm in skipping this pricey and “High Risk/Low Return” bet. Read detail review...
| Listing Date | May 9, 2025 |
| BSE Script Code | 544398 |
| NSE Symbol | |
| ISIN | INE0AOG01018 |
| Final Issue Price | ₹25 per share |
| BSE Listing Group | M |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹25.00 |
| Open | ₹25.01 |
| Low | ₹25.01 |
| High | ₹26.26 |
| Last Trade | ₹26.26 |
Kenrik Industries Ltd.
B-306, East Face, Behind Maruti Suzuki Showroom,
Nr. S P Ring Road, Ambli Road, Ambli,
Daskroi
Ahmedabad, Gujarat, 380058
Phone: +91-9687141430
Email: cs@kenrikindustries.net
Website: http://www.kenrikindustries.net/
Skyline Financial Services Pvt.Ltd.
Phone: 02228511022
Email: ipo@skylinerta.com
Website: https://www.skylinerta.com/ipo.php
Kenrik Industries IPO is a SME IPO of 34,98,000 equity shares of the face value of ₹10 aggregating up to ₹8.75 Crores. The issue is priced at ₹25 per share. The minimum order quantity is 6000.
The IPO opens on April 29, 2025, and closes on May 6, 2025.
Skyline Financial Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Kenrik Industries IPO using UPI as a payment gateway. Zerodha customers can apply in Kenrik Industries IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Kenrik Industries IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Kenrik Industries IPO opens on April 29, 2025 and closes on May 6, 2025.
Kenrik Industries IPO lot size is 6000, and the minimum amount required for application is ₹3,00,000, with 2 lots being the minimum application size.
You can apply in Kenrik Industries 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 Kenrik Industries IPO will be done on Wednesday, May 7, 2025, and the allotted shares will be credited to your demat account by Thursday, May 8, 2025. Check the Kenrik Industries IPO allotment status.
The Kenrik Industries IPO listing date is on Friday, May 9, 2025.
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