Fixed Price IPO | ₹9 Cr | Listed at BSE SME | Tue, Apr 29, 2025 - Tue, May 6, 2025
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 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 (12,000 shares) (based on upper price). The minimum lot size for investment in 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 Open
Tue, Apr 29, 2025
IPO Close
Tue, May 6, 2025
Issue Price
₹25 per share
Market Cap (Pre-IPO)
₹31.24 Cr
| IPO Date | 29 Apr to 6 May, 2025 |
| Listed on | Fri, May 9, 2025 |
| Face Value | ₹10 per share |
| Issue Price | ₹25 per share |
| Lot Size | 6,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 34,98,000 shares (agg. up to ₹9 Cr) |
| Reserved for Market Maker | 1,80,000 shares Mnm Stock Broking Pvt.Ltd. (agg. up to ₹0.4500 Cr) |
| Fresh Issue (Ex Market Maker) | 33,18,000 shares (agg. up to ₹8 Cr) |
| Net Offered to Public | 33,18,000 shares (agg. up to ₹8 Cr) |
| Share Holding Pre Issue | 89,99,900 shares |
| Share Holding Post Issue | 1,24,97,900 shares |
| BSE Script Code | 544398 |
| ISIN | INE0AOG01018 |
Kenrik Industries IPO comprises a total issue size of 34,98,000 shares. The net offer to the public is 33,18,000 shares, after excluding 1,80,000 shares allotted on a firm basis. Of the Net offer 16,56,000 (49.91%) allocated to NII 16,62,000 (50.09%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 16,56,000 | 49.91% | 47.34% |
| Retail Shares Offered | 16,62,000 | 50.09% | 47.51% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,80,000 | 5.15% | |
| Total Shares Offered | 34,98,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 12,000 shares and in multiples of 6,000 shares thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 12,000 | ₹3,00,000 |
| Individual investors (Retail) (Max) | 2 | 12,000 | ₹3,00,000 |
| HNI (Min) | 3 | 18,000 | ₹4,50,000 |
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 | 15.80 | 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 | 11.50 | 11.03 |
| Total Borrowing | 0.99 | 0.78 | 0.57 | 0.35 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To meet Working Capital Requirements | 6.56 |
| 2 | General Corporate Expenses | 1.80 |
| KPI | Mar 31, 2024 |
|---|---|
| ROE | 9.01% |
| ROCE | 10.85% |
| Debt/Equity | 0.06 |
| RoNW | 8.62% |
| PAT Margin | 1.53% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 1.21 | 1.07 |
| P/E (x) | 20.74 | 23.31 |
| Promoter Holding | 100% | 72.01% |
| Market Cap | ₹31.24 Cr. |
The Kenrik Industries IPO is subscribed 2.00 times on May 6, 2025 6:19:33 PM (Day 5). The public issue subscribed 3.79 times in the retail category, [.] times in the QIB category, and 0.20 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for | Total Application |
|---|---|---|---|---|
| NII* | 0.20 | 16,56,000 | 3,24,000 | 0 |
| Retail | 3.79 | 16,62,000 | 63,00,000 | 0 |
| Total | 2.00 | 33,18,000 | 66,24,000 | 1,185 |
Total Application : 1,185
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead Manager Fees including other intermediaries’ fees | 0.25 |
| 2 | Regulators Including Stock Exchanges | 0.09 |
| 3 | Advertising and Marketing Expenses | 0.03 |
| 4 | Printing and distribution of Issue Stationary | 0.02 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹25.00 |
| Open | ₹25.01 |
| Low | ₹25.01 |
| High | ₹26.26 |
| Last Trade | ₹26.26 |
Lead Manager Reports
Kenrik Industries IPO is a SME IPO of 34,98,000 equity shares of the face value of ₹10 aggregating up to ₹9 Crores. The issue is priced at ₹25 per share. The minimum order quantity is 6000.
The IPO opens on Tue, Apr 29, 2025, and closes on Tue, 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 Tue, Apr 29, 2025 and closes on Tue, 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 Thu, May 8, 2025. Check the Kenrik Industries IPO allotment status.
The Kenrik Industries IPO listing date is on Fri, May 9, 2025.
