IPO Issue Details
Issue Price / Price Band₹94 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size1,200 Shares per Lot
Total Issue Size88,99,200 shares (aggregating up to ₹83.65 Cr)
Issue TypeFixed Price IPO
Sale Type / CategoryFresh Capital-cum-Offer for Sale
Exchange / PlatformNSE SME
IPO TypeSME
Subscription OpenWed, 05 Feb 2025
Subscription CloseFri, 07 Feb 2025
Anchor AllotmentTue, 04 Feb 2025
Basis of AllotmentMon, 10 Feb 2025
Initiation of RefundsTue, 11 Feb 2025
Credit of Shares to DematTue, 11 Feb 2025
Listing DateWed, 12 Feb 2025
UPI Mandate Deadline2025-02-07
Application & Investment Details
Retail — Min (1 Lots)112800 — 1200 shares
Retail — Max (13 Lots)₹1,466,400 (13 Lots)
HNI — Min (2 Lots)225600 — 2400 shares
EPS (Pre-IPO)₹4.86
EPS (Post-IPO)₹5.82
P/E Ratio (Pre-IPO)19.34x
P/E Ratio (Post-IPO)16.16x
Net Offer to Public84,54,000 shares (aggregating up to ₹79.47 Cr)
Reserved for Market Maker4,45,200 shares (aggregating up to ₹4.18 Cr)
Pre-IPO Promoter Holding1,83,66,280 shares
Post-IPO Promoter Holding2,45,65,480 shares
Fresh Issue Shares57,54,000 shares (aggregating up to ₹54.09 Cr)
Offer for Sale Shares27,00,000 shares of ₹10 (aggregating up to ₹25.38 Cr)
About Ken Enterprises Ltd.
Incorporated in 1998, Ken Enterprises Limited is engaged in the business of textile manufacturing.The company manufactures fabrics for various purposes, including apparel, industrial, technical, shirtings, and home furnishings.The company is into manufacturing of greige fabrics. They utilize third-party manufacturing services for the production of greige fabric on a job-work basis, located in and around Ichalkaranji, Maharashtra, a key fabric weaving hub, to enhance their manufacturing capacity.The company’s business model focuses on quality and customer satisfaction, supplying regular and sustainable greige and finished fabrics on an order-to-order basis. The product range includes greige, dyed (supported by third parties), printed, and RFD/PFD fabrics.The company has two manufacturing units, both located in Shirol taluka near Ichalkaranji, covering a combined area of approximately 50,000 square feet and equipped with the necessary machinery.Product Portfolio:High Value Apparel FabricsVoiles: for Ladies wearLight Canvas fabrics: For Shoe uppers, Bags, Cargo pantsOrganic and sustainable fabrics: For High-end apparelBed Linen: For Home TextilesShoe Canvases: For ShoesAs of December 31, 2024, the company had 228 permanent employees.Competitive Strengths:Experienced Leadership Backed by a dedicated employee baseRobust Financial PerformanceAsset light modelEstablished Relationships with the clientsDiverse product portfolio offering single point sourcing solution for customersIn-house product development expertiseFast development and short delivery time
Objects of the Issue
Ken Enterprises Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
1
Unidentified Acquisitions in India and abroad
2
Purchase of New Machinery
3
Capital Expenditure for renovation of both Manufacturing Facilities
4
To meet Working Capital Requirements
Shareholding & Lock-in
Pre-IPO Promoter Holding
1,83,66,280 shares
Post-IPO Promoter Holding
2,45,65,480 shares