Ken Enterprises Limited IPO (Ken Enterprises IPO) Detail

Ken Enterprises IPO is a fixed price issue of Rs 83.65 crores. The issue is a combination of fresh issue of 61.99 lakh shares aggregating to Rs 58.27 crores and offer for sale of 27.00 lakh shares aggregating to Rs 25.38 crores.

Ken Enterprises IPO bidding started from February 5, 2025 and ended on February 7, 2025. The allotment for Ken Enterprises IPO was finalized on Monday, February 10, 2025. The shares got listed on NSE SME on February 12, 2025.

Ken Enterprises IPO price is ₹94 per share. The minimum lot size for an application is 1200. The minimum amount of investment required by retail investors is ₹1,12,800. The minimum lot size investment for HNI is 2 lots (2,400 shares) amounting to ₹2,25,600.

Corporate Makers Capital Ltd. is the book-running lead manager of the Ken Enterprises IPO, while Skyline Financial Services Private Ltd is the registrar for the issue.The market maker for Ken Enterprises IPO is Giriraj Stock Broking Private Limited.

Refer to Ken Enterprises IPO RHP for detailed information.

Ken Enterprises IPO Details

Ken Enterprises IPO Reservation

Ken Enterprises IPO offers 88,99,201 shares. 42,27,000 (47.5%) to NII, 42,27,000 (47.5%) to RII.

Ken Enterprises IPO Timeline (Tentative Schedule)

Ken Enterprises IPO opens on February 5, 2025, and closes on February 7, 2025.

Ken Enterprises IPO Lot Size

Investors can bid for a minimum of 1200 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.

Ken Enterprises IPO Promoter Holding

Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue – Share Holding Post Issue

About Ken Enterprises Limited

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 Fabrics
• Voiles: for Ladies wear
• Light Canvas fabrics: For Shoe uppers, Bags, Cargo pants
• Organic and sustainable fabrics: For High-end apparel
• Bed Linen: For Home Textiles
• Shoe Canvases: For Shoes

As of December 31, 2024, the company had 228 permanent employees.

Competitive Strengths:

• Experienced Leadership Backed by a dedicated employee base
• Robust Financial Performance
• Asset light model
• Established Relationships with the clients
• Diverse product portfolio offering single point sourcing solution for customers
• In-house product development expertise
• Fast development and short delivery time

Company Financials

Ken Enterprises Limited Financial Information (Restated Consolidated)

Key Performance Indicator (KPI)

The market capitalization of Ken Enterprises IPO is Rs 230.92 Cr.

KPI as of Sun, Mar 31, 2024.

• The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2024 that is available in RHP.
• The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of November 30, 2024 that is available in RHP.

Objects of the Issue (Ken Enterprises IPO Objectives)

The Company proposes to utilize the funds which are being raised towards funding 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

The Company will not receive any proceeds from the Offer for Sale.

Ken Enterprises IPO Review May apply

[Dilip Davda]  KEL is in textile manufacturing and marketing with major operations from third party job contracts. It posted steady growth in its top lines for the reported periods. The sudden boost in bottom line in pre-IPO periods raises eyebrows and concern over its sustainability as it is operating in a highly competitive and fragmented segment. Higher margins reported by it compared to its listed peers’ surprises one and all. Based on its recent financial performance, the issue appears aggressively priced. Considering ongoing fancy for textile counters, well-informed investors may park funds for medium to long term. Read detail review…

Ken Enterprises IPO Subscription Status (Bidding Detail)

The Ken Enterprises IPO is subscribed 4.36 times on February 7, 2025 6:19:59 PM (Day 3). The public issue subscribed 6.86 times in the retail category, [.] times in the QIB category, and 1.75 times in the NII category. Check Day by Day Subscription Details (Live Status)

Total Application : 25,847

*Market Maker portion is not included to NII/HNI.

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