IPO Issue Details
Issue Price / Price Band₹25 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size6,000 Shares per Lot
Total Issue Size34,98,000 shares (aggregating up to ₹8.75 Cr)
Issue TypeFixed Price IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformBSE SME
IPO TypeSME
Subscription OpenTue, 29 Apr 2025
Subscription CloseTue, 06 May 2025
Anchor AllotmentMon, 28 Apr 2025
Basis of AllotmentWed, 07 May 2025
Initiation of RefundsThu, 08 May 2025
Credit of Shares to DematThu, 08 May 2025
Listing DateFri, 09 May 2025
UPI Mandate Deadline2025-05-06
Application & Investment Details
Retail — Min (2 Lots)₹3,00,000 — 12,000 shares
Retail — Max (13 Lots)₹1,950,000 (13 Lots)
HNI — Min (3 Lots)₹4,50,000 — 18,000 shares
EPS (Pre-IPO)₹1.21
EPS (Post-IPO)₹1.07
P/E Ratio (Pre-IPO)20.74x
P/E Ratio (Post-IPO)23.31x
Net Offer to Public33,18,000 shares (aggregating up to ₹8.30 Cr)
Reserved for Market Maker1,80,000 shares (aggregating up to ₹0.4500 Cr)
Pre-IPO Promoter Holding89,99,900 shares
Post-IPO Promoter Holding1,24,97,900 shares
About Kenrik Industries Ltd
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.
Objects of the Issue
Kenrik Industries Ltd proposes to utilise the net proceeds from the Issue for the following objects:
1
To meet Working Capital Requirements
6.56
2
General Corporate Expenses
1.80
Shareholding & Lock-in
Pre-IPO Promoter Holding
89,99,900 shares
Post-IPO Promoter Holding
1,24,97,900 shares