Kenrik Industries Limited - IPO
SMEKenrik 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 2025Basis of AllotmentBOA
- 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
Documents
Kenrik Industries IPO Valuations
Kenrik Industries Limited 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
Turnaround Corporate Advisors Private Limited
Market Maker
Mnm Stock Broking