Ken Enterprises Limited is set to launch its Initial Public Offering (IPO) from February 5, 2025, to February 7, 2025. The IPO is a Fixed Price Issue, with the company aiming to raise ₹83.65 crores through a fresh issue of ₹58.27 crores and an offer for sale (OFS) of 27,00,000 shares.
With a price of ₹94 per share, the IPO has a 50% allocation for retail investors and 50% for HNIs. Ken Enterprises will be listed on NSE SME on February 12, 2025, and its allotment is scheduled for February 10, 2025.
Ken Enterprises Limited is a well-established company with a strong presence in its industry. The company focuses on providing specialized services and solutions, ensuring high-quality operations and customer satisfaction.
Over the years, Ken Enterprises has demonstrated consistent revenue growth, improving profitability, and strengthening its market position.
| Detail | Information |
|---|---|
| IPO Date | February 5, 2025 to February 7, 2025 |
| Listing Date | February 12, 2025 |
| Face Value | ₹10 per share |
| Price | ₹94 per share |
| Lot Size | 1,200 Shares |
| Total Issue Size | 88,99,200 shares (aggregating up to ₹83.65 Cr) |
| Fresh Issue | 61,99,200 shares (aggregating up to ₹58.27 Cr) |
| Offer for Sale | 27,00,000 shares of ₹10 (aggregating up to ₹25.38 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 1,83,66,280 shares |
| Share Holding Post Issue | 2,45,65,480 shares |
| DRHP Draft Prospectus | Click Here |
| RHP Draft Prospectus | Click Here |
| Anchor Investors List | Click Here |
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,200 | ₹1,12,800 |
| Retail (Max) | 1 | 1,200 | ₹1,12,800 |
| HNI (Min) | 2 | 2,400 | ₹2,25,600 |
✔ Strong Revenue Growth: ₹402.21 Cr revenue in FY 2024.
✔ Sharp Profit Growth: Profit more than doubled from ₹3.95 Cr to ₹8.93 Cr.
✔ High Retail Investor Quota: 50% allocation for retail investors.
✔ Fixed Price Issue: Price transparency ensures no bidding competition.
✔ Expanding Market Presence: Stronghold in its business segment.
⚠ SME IPO Volatility: SME stocks can be more volatile compared to mainboard listings.
⚠ Sectoral Competition: Presence of strong competitors in the industry.
⚠ Reliance on Market Conditions: Business performance depends on industry demand.
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.
Ken Enterprises Limited
9/621,
Industrial Estate Near Kalyan Kendra,
Ichalkaranji, 416115
Phone: 91-0230-2438538
Email: cs@kenindia.in
Website: http://www.kenindia.in/
The IPO price is ₹94 per share.
The IPO opens on February 5, 2025, and closes on February 7, 2025.
Allotment is scheduled for February 10, 2025.
The listing date is February 12, 2025.
The minimum lot size is 1,200 shares, requiring ₹1,12,800 (₹94 x 1,200 shares).
The company reported ₹402.21 Cr revenue and ₹8.93 Cr profit in FY 2024.
You can apply via UPI-based trading apps or Net Banking ASBA.
Given its strong financials and expansion plans, it may be a good long-term investment.
The retail quota is 50% of the total issue.
Key risks include market volatility, sector competition, and SME IPO fluctuations.
| Period Ended | 30 Nov 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | ₹266.3 Crore | ₹242.15 Crore | ₹195.16 Crore | ₹187.26 Crore |
| Revenue | ₹332.85 Crore | ₹409.13 Crore | ₹375.23 Crore | ₹360.32 Crore |
| Profit After Tax | ₹9.53 Crore | ₹8.93 Crore | ₹3.95 Crore | ₹2.36 Crore |
| Net Worth | ₹54.38 Crore | ₹44.85 Crore | ₹35.93 Crore | ₹31.98 Crore |
| Reserves and Surplus | ₹36.01 Crore | ₹42.27 Crore | ₹33.34 Crore | ₹29.39 Crore |
| Total Borrowing | ₹43.14 Crore | ₹47.84 Crore | ₹49.45 Crore | ₹41.01 Crore |
Amount in ₹ Crore
