Kenrik Industries Limited IPO Details
SME
Kenrik Industries IPO opens for subscription on 29 Apr 2025 and closes on 06 May 2025. The IPO will be listed on BSE with the tentative listing date set for 09 May 2025.
Kenrik Industries IPO price band has been fixed at ₹25 – ₹25 per share.The face value is ₹10 per share with a lot size of 6000.
Kenrik Industries IPO total issue size comprises 34,98,000 shares (aggregating up to ₹8.75 Cr). This includes a fresh issue of 34,98,000 shares (aggregating up to ₹8.75 Cr). Pre-issue shareholding stands at 89,99,900, which will increase to 1,24,97,900 post-issue.
Kenrik Industries IPO Lot Size : Retain Minimum is 1 lot (6,000 shares) amounting to ₹150,000. Retain Maximum is 1 lot (6,000 shares) amounting to ₹150,000. HNI Minimum is 2 lots (12,000 shares) amounting to ₹300,000.
The Lead Managers for Kenrik Industries IPO are crucial for the offering's success. They are responsible for a wide range of tasks, including preparing the company for the public market, managing the regulatory filings, and marketing the IPO to potential investors. The lead manager for this offering is Turnaround Corporate Advisors Private Limited. To assess their past performance and success in previous IPOs, you can view the Lead Manager Performance Summary report.
For SME (Small and Medium-sized Enterprise) IPOs, a Market Maker is appointed to ensure liquidity and stability for the stock once it is listed. They do this by continuously quoting bid and ask prices, ensuring there is a market for the shares. The appointed market maker for this IPO is Mnm Stock Broking. You can analyze their track record by checking the Market Maker Performance Summary report.
For detailed information, Refer to the Kenrik Industries Limited RHP.
Kenrik Industries IPO Details
Kenrik Industries IPO Subscription
Kenrik Industries IPO Application Wise Breakup
Kenrik Industries IPO Dates
- 29 Apr 2025Opening dateOPD
- 06 May 2025Closing dateCOD
- 07 May 2025Allotment Date BOA
- 08 May 2025Initiation of RefundsIOR
- 08 May 2025Credit of SharesCOS
- 09 May 2025Listing dateLID
Kenrik Industries IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retain Minimum | 1 | 6000 | ₹150,000 |
| Retain Maximum | 1 | 6000 | ₹150,000 |
| HNI Minimum | 2 | 12000 | ₹300,000 |
Kenrik Industries IPO Reservation
Promoter Holding
Kenrik Industries IPO Valuations
Kenrik Industries Financial Information
| Period Ended | 31 Oct 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| 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 |
| Amount in ₹ Crore | ||||
About Kenrik Industries IPO
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.
Strength Of Kenrik Industries IPO
1. Diversified Product Portfolio.
2. Consistency in Quality and Service Standards.
3. Cost effective production and timely fulfilment of orders.
4. Scalable Business Model.
5. Organizational stability along with management expertise.
6. Existing client relationship.
7. High level of customer satisfaction.
Risk Of Kenrik Industries IPO
1. The loss, shutdown or slowdown of operations of the facility or the under-utilization of any such facility may have a material effect on the company results of operations and financial condition.
2. The company has significant power requirements for continuous running of the factories. Any disruption to its operations on account of interruption in power supply or any irregular or significant hike in power tariffs may have an effect on the company business, results of operations and financial condition.
3. The company is dependent on Job work for manufacturing of its Products, any disruption to the operations on account of Job work may have an effect on the business, results of operations and financial condition.
4. The company's business is manpower intensive and any unavailability of the employees or shortage of labour or any strikes, work stoppages, increased wage demands by workmen or changes in regulations governing hiring of labour may have an adverse impact on its cash flows and results of operations.
5. There are outstanding legal proceedings involving the Company and Group Company. Any adverse decision in such proceedings may have a material adverse effect on its business, results of operations and financial condition.
6. The restated financial statements have been provided by peer reviewed chartered accountants who is not statutory auditor of the Company.
7. The property used by the Company for the purpose of its operations is not owned by it. Any termination of the relevant rent agreement in connection with such property or its failure to renew the same could adversely affect the company operations.
8. The company top ten customers contribute majority of the revenues from operations. Any loss of business from one or more of them may adversely affect its revenues and profitability.
9. The company top ten suppliers contribute majority of the purchases. Any loss of business with one or more of them may adversely affect its business operations and profitability.
10. Its may not be able to adapt to changing market trends and customer requirements in the fashion market in a timely manner, or at all.
Objectives Kenrik Industries IPO
1. To meet Working Capital Requirements
2. General Corporate Expenses
Company Contact Details
Kenrik Industries Limited
B-306, East Face, Behind Maruti Suzuki Showroom,
Nr. S P Ring Road, Ambli Road, Ambli,
Daskroi
Phone: +91-9687141430
Email: cs@kenrikindustries.net
Website: http://www.kenrikindustries.net/
Registrar Contact Details
Lead Mangers
Lead Manager Reports
Market Maker
Market Maker Reports
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