Kenrik Industries IPO Date, Price, Review and Allotment Details Revealed
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Kenrik Industries IPO will open for subscription on April 29, 2025, and close on May 6, 2025. It is a Fixed Price Issue, aiming to raise ₹8.75 crores through a fresh issue of shares worth the same amount. Additionally, there’s an offer for sale of up to [number] equity shares with a face value of ₹10 each.
The IPO price is set at ₹25 per share. The quota allocation is 50% for retail investors, 0% for QIBs (Qualified Institutional Buyers), and 50% for HNIs (High Net-Worth Individuals). The shares are scheduled to be listed on BSE on May 9, 2025, while the allotment date is May 7, 2025.
Financially, the company reported a revenue of ₹70.97 crores in 2024, up from ₹52.04 crores in 2023. Its net profit rose to ₹1.08 crores in 2024 from ₹0.47 crores in 2023. Based on these financials, investors may consider subscribing to the IPO with a long-term perspective.
Kenrik Industries IPO – Key Details
- IPO Opening Date: April 29, 2025
- IPO Closing Date: May 6, 2025
- Face Value: ₹10 per equity share
- IPO Price: ₹25 per share
- Issue Size: Approximately ₹8.75 crores
- Fresh Issue: Approximately ₹8.75 crores
- Issue Type: Fixed Price Issue
- Listing Exchange: BSE SME
- Retail Investor Quota: Up to 50%
- NII (Non-Institutional Investor) Quota: Up to 50%
- Draft Red Herring Prospectus (DRHP): Click Here
- Red Herring Prospectus (RHP): Click Here
Kenrik Industries IPO Market Lot & Application Details
The minimum market lot for the Kenrik Industries IPO is 6,000 shares, requiring an application amount of ₹1,50,000.
| Application Type | Lot Size | Number of Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 6,000 | ₹1,50,000 |
| Retail Maximum | 1 | 6,000 | ₹1,50,000 |
| S-HNI Minimum | 2 | 12,000 | ₹3,00,000 |
Kenrik Industries IPO – Important Dates
The Kenrik Industries IPO will open on April 29, 2025, and close on May 6, 2025. The allotment will be finalized on May 7, 2025, with the shares scheduled to be listed on BSE SME on May 9, 2025.
| Event | Date |
|---|---|
| IPO Opening Date | April 29, 2025 |
| IPO Closing Date | May 6, 2025 |
| Basis of Allotment | May 7, 2025 |
| Refund Initiation | May 8, 2025 |
| Shares Credited to Demat | May 8, 2025 |
| IPO Listing Date | May 9, 2025 |
Promoters of Kenrik Industries IPO
The promoters of Kenrik Industries are Nitinkumar Dalpatbhai Shah, Nihar Nitinbhai Shah, Manisha Nitinkumar Shah, and Shah Nitin Dalpatlal (HUF).
About Kenrik Industries IPO
Established on February 28, 2017, Kenrik Industries Limited is a prominent company specializing in traditional handmade Indian jewellery. The company designs and crafts gold jewellery adorned with precious and semi-precious stones such as diamonds, rubies, and cubic zirconia.
Their diverse product range includes rings, earrings, armlets, pendants, nose rings, bracelets, chains, necklaces, bangles, watches, luxury items, and bridal jewellery. Kenrik Industries caters to high-end, mid-market, and value-conscious customers, ensuring each piece meets their unique needs.
Operating under a B2B model, the company is committed to delivering jewellery known for its quality, purity, and customer trust, with all products certified by BIS Hallmark. Their offerings include traditional designs, modern collections, custom-made jewellery, bridal sets, and men’s jewellery. Currently, the company employs 9 people.
Kenrik Industries IPO – Financial Performance
Kenrik Industries has shown steady growth in its financials over the past few years. The company reported a revenue of ₹70.97 crores in FY 2024, up from ₹52.04 crores in FY 2023. Its net profit also increased to ₹1.08 crores in FY 2024, compared to ₹0.47 crores in FY 2023.
Below is a summary of the company’s financial results:
| Period Ended | Revenue | Expense | Profit After Tax | Assets |
|---|---|---|---|---|
| FY 2022 | ₹32.69 Cr | ₹32.15 Cr | ₹0.39 Cr | ₹12.47 Cr |
| FY 2023 | ₹52.04 Cr | ₹51.37 Cr | ₹0.47 Cr | ₹15.59 Cr |
| FY 2024 | ₹70.97 Cr | ₹69.51 Cr | ₹1.08 Cr | ₹15.80 Cr |
| Oct 2024 (Interim) | ₹42.19 Cr | ₹41.13 Cr | ₹0.78 Cr | ₹15.98 Cr |
Kenrik Industries IPO Valuation – FY2024
Here’s a snapshot of Kenrik Industries’ key valuation metrics for FY2024, including earnings, profitability, and return ratios:
| Key Performance Indicator (KPI) | Value |
|---|---|
| Return on Equity (ROE) | 9.01% |
| Return on Capital Employed (ROCE) | 10.85% |
| EBITDA Margin | 2.06% |
| Profit After Tax (PAT) Margin | 1.53% |
| Debt-to-Equity Ratio | 0.53 |
| Earnings Per Share (EPS) (Basic) | ₹1.21 |
| Price/Earnings (P/E) Ratio | 21.21 |
| Return on Net Worth (RoNW) | 8.62% |
| Net Asset Value (NAV) | ₹13.98 |
Peer Group Comparison
Below is a comparison of Kenrik Industries with its industry peers based on key financial metrics:
| Company | EPS | P/E Ratio | RoNW % | NAV | Income |
|---|---|---|---|---|---|
| Veerkrupa Jewellers Limited | 0.31 | 4.06 | 1.83% | NA | – Cr. |
| Motisons Jewellers Limited | 4.3 | 38.68 | 9.82% | NA | – Cr. |
| Khazanchi Jewellers Limited | 11.01 | 28.15 | 14.55% | NA | – Cr. |
Objects of the Issue
- To fulfill working capital requirements
- For general corporate purposes
Kenrik Industries IPO Review
- IPO Watch – Avoid
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- Choice Broking –
Kenrik Industries IPO Registrar
Registrar: Skyline Financial Services Private Ltd
Phone: 022-28511022
Email: ipo@skylinerta.com
Website: www.skylinerta.com/ipo.php
IPO Lead Managers (Merchant Bankers)
- Turnaround Corporate Advisors Private Limited
Company Address
Kenrik Industries Limited
B-306, East Face, Behind Maruti Suzuki Showroom,
Near S P Ring Road, Ambli Road, Ambli, Daskroi
Phone: +91-9687141430
Email: cs@kenrikindustries.net
Website: www.kenrikindustries.net
Kenrik Industries IPO – Frequently Asked Questions (FAQs)
1. What is Kenrik Industries IPO?
Kenrik Industries IPO is an SME IPO where the company aims to raise ₹8.75 crores. The issue is priced at ₹25 per equity share, and the IPO will be listed on BSE.
2. When will the Kenrik Industries IPO open for subscription?
The IPO will open for subscription on April 29, 2025, and close on May 6, 2025, for QIB, NII, and Retail investors.
3. What is the investor portion for the Kenrik Industries IPO?
- QIB (Qualified Institutional Buyers): 00%
- NII (Non-Institutional Investors): 50%
- Retail Investors: 50%
How to Apply for Kenrik Industries IPO?
You can apply for the Kenrik Industries IPO through ASBA online via your bank account. Alternatively, you can apply using UPI through your stockbroker. You can also submit an offline application form through your stockbroker.
- 1. What is the Kenrik Industries IPO Issue Size?
The issue size of the Kenrik Industries IPO is ₹8.75 crores. - 2. What is the Kenrik Industries IPO Price Band?
- The price band for the Kenrik Industries IPO is ₹25 per share.
- 3. What is the Kenrik Industries IPO Lot Size?
- The minimum lot size is 6000 shares, with an application amount of ₹1,50,000.
- 4. What is the Kenrik Industries IPO Allotment Date?
- The allotment date for the Kenrik Industries IPO is May 7, 2025.
- 5. What is the Kenrik Industries IPO Listing Date?
- The listing date for the Kenrik Industries IPO is May 9, 2025, and it will be listed on the BSE.
