Kenrik Industries is launching its IPO with a fixed price issue of ₹8.75 crores, consisting of a fresh issue worth ₹8.75 crores. The IPO will open for subscription on April 29, 2025, and close on May 6, 2025.
The shares are priced at ₹25 per share, and the IPO is set to list on the BSE SME platform with a tentative listing date of May 9, 2025. The allotment is expected to be finalized on May 7, 2025.
The minimum application size for retail investors is 1 lot (6,000 shares), requiring an investment of ₹1,50,000. For HNI investors, the minimum application is 2 lots (12,000 shares), amounting to ₹3,00,000.
The quota distribution stands at 50% for retail investors and 50% for HNIs. There is no separate quota for QIBs in this IPO.
Financially, the company has shown growth in both revenue and profitability. Kenrik Industries reported a revenue of ₹70.97 crores in FY 2024 compared to ₹52.04 crores in FY 2023. The profit also improved from ₹0.47 crores in FY 2023 to ₹1.08 crores in FY 2024.
Kenrik Industries Limited, incorporated on 28 February 2017, is a well-known company that designs and distributes traditional handmade Indian jewellery. Their jewellery is crafted using gold and studded with precious and semi-precious stones like diamonds, rubies, and cubic zirconia. The company mainly works on a Business-to-Business (B2B) model and focuses on providing quality products that match customer needs across different market segments—high-end, mid-range, and value markets.
Their product range includes rings, earrings, armlets, pendants, nose rings, bracelets, chains, necklaces, bangles, watches, bridal jewellery, luxury items, and custom-made pieces. Kenrik Industries ensures that all their jewellery items are BIS Hallmark-certified, maintaining high standards of purity and trust. Apart from traditional designs, the company also offers modern styles and special collections for men and brides.
All manufacturing work is done on a job-work basis at their facility located in Ahmedabad, Gujarat. As of 31 July 2024, the company has a team of 9 employees working across different departments, supporting their operations, quality control, and customer service.
Overview of Contents
Kenrik Industries IPO Overview
| Details | Information |
|---|---|
| IPO Name | Kenrik Industries Limited IPO |
| Listing On | BSE SME |
| IPO Type | Fixed Price Issue |
| Face Value | ₹10 per equity share |
| Issue Price | ₹25 per share |
| Lot Size | 6,000 shares |
| Total Issue Size | 34,98,000 shares (worth around ₹8.75 crores) |
| Fresh Issue Size | 34,98,000 shares (worth around ₹8.75 crores) |
| Retail Quota | Up to 50% of the issue |
| NII (HNI) Quota | Up to 50% of the issue |
| Market Maker Portion | 1,80,000 shares |
| Pre-Issue Shareholding | 89,99,900 shares |
| Post-Issue Shareholding | 1,24,97,900 shares |
Kenrik Industries IPO Dates
| Event | Date |
|---|---|
| Opening of Kenrik IPO | April 29, 2025 |
| Closing of Kenrik IPO | May 6, 2025 |
| Finalization of Allotment | May 7, 2025 |
| Initiation of Refunds | May 8, 2025 |
| Shares Credited to Demat Accounts | May 8, 2025 |
| Expected Listing on BSE SME | May 9, 2025 |
Kenrik Industries IPO Prospectus
| DRHP Draft Prospectus | Click here |
|---|---|
| RHP Draft Prospectus | Click here |
Kenrik Industries IPO Lot Size
| Event | Date |
|---|---|
| Opening of Kenrik IPO | April 29, 2025 |
| Closing of Kenrik IPO | May 6, 2025 |
| Finalization of Allotment | May 7, 2025 |
| Initiation of Refunds | May 8, 2025 |
| Shares Credited to Demat Accounts | May 8, 2025 |
| Expected Listing on BSE SME | May 9, 2025 |
Objects of the Issue
- To meet Working Capital Requirements
- General corporate purposes.
Peer Group Comparison
| Company | EPS | PE 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. |
Kenrik Industries Financial Performance
| Particulars | 31 Oct 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Total Revenue (₹ Cr) | 42.19 | 70.97 | 52.04 | 32.69 |
| Total Assets (₹ Cr) | 15.98 | 15.80 | 15.59 | 12.47 |
| Profit After Tax (₹ Cr) | 0.78 | 1.08 | 0.47 | 0.39 |
| Net Worth (₹ Cr) | 13.37 | 12.59 | 11.50 | 11.03 |
| Total Loans (₹ Cr) | 0.99 | 0.78 | 0.57 | 0.35 |
Kenrik Industries IPO Valuation Overview
| Metrics | Details |
|---|---|
| Return on Equity (ROE) | 9.01% |
| Return on Capital Employed (ROCE) | 10.85% |
| Operating Profit Margin (EBITDA Margin) | 2.06% |
| Profit After Tax Margin (PAT Margin) | 1.53% |
| Debt-to-Equity Ratio | 0.53 |
| Earnings Per Share (EPS) - Basic | ₹1.21 |
| Price-to-Earnings Ratio (P/E) | 21.21 |
| Return on Net Worth (RoNW) | 8.62% |
| Net Asset Value (NAV) Per Share | ₹13.98 |
Kenrik Industries IPO Overview
- Nirmal Bang –
- SBICAP Securities –
- Sharekhan –
- SMC Global –
- Canara Bank –
- DRChoksey FinServ –
- Emkay Global –
- Hem Securities –
- IDBI Capital –
- Marwadi Shares –
- Sushil Finance –
- Swastika Investmart –
- Ventura Securities –
- Geojit –
- Reliance Securities –
- Capital Market –
- BP Wealth –
- ICICIdirect –
- Choice Broking –
Registrar to the IPO
📞 Phone: 022-28511022
📧 Email: [email protected]
🌐 Website: www.skylinerta.com/ipo.php
IPO Lead Managers (Merchant Bankers)
📞 Phone: +91-9687141430
📧 Email: [email protected]
🌐 Website: www.kenrikindustries.net
Company Address
🏢 Kenrik Industries Limited
B-306, East Face, Behind Maruti Suzuki Showroom,
Near S P Ring Road, Ambli Road, Ambli,
Daskroi, Gujarat
Kenrik Industries IPO FAQs
When does Kenrik Industries IPO open and close?
The IPO opens on April 29, 2025, and closes on May 6, 2025.
What is the price band for Kenrik Industries IPO?
The price band is ₹25 per share.
What is the minimum investment required for retail investors?
The minimum investment is ₹1,50,000 for 6,000 shares.
What is the IPO issue size?
The IPO issue size is approximately ₹8.75 crores.
When will the IPO be listed?
The IPO is expected to list on BSE SME on May 9, 2025.
Who is the IPO registrar?
The registrar is Skyline Financial Services Pvt Ltd.
How can I contact Kenrik Industries?
You can contact them at +91-9687141430 or via email at [email protected]