The Ken Enterprises IPO is scheduled to open for subscription on February 5, 2025, and will close on February 7, 2025. This fixed-price issue aims to raise approximately ₹83.65 crores, comprising a fresh issue of ₹58.27 crores (61.99 lakh shares) and an offer for sale of 27 lakh equity shares at a face value of ₹10 each, aggregating to ₹25.38 crores.
The IPO price band is set at ₹94 per share, with a minimum lot size of 1,200 shares, requiring retail investors to invest a minimum of ₹1,12,800. For high-net-worth individuals (HNIs), the minimum investment is 2 lots (2,400 shares), amounting to ₹2,25,600. The allotment for the IPO is expected to be finalized on February 10, 2025, and the shares are tentatively scheduled to list on the NSE SME platform on February 12, 2025.
Ken Enterprises has demonstrated strong financial performance, reporting a revenue of ₹402.21 crores in 2024, up from ₹363.96 crores in 2023, alongside a significant increase in profit from ₹3.95 crores in 2023 to ₹8.93 crores in 2024. Given the company’s growth trajectory, IPO investors are encouraged to consider this offering for long-term investment. The IPO quota is divided into 50% for retail investors and 50% for HNIs, with no allocation reserved for qualified institutional buyers (QIBs). This IPO presents a strategic opportunity for investors to participate in the growth story of Ken Enterprises.
Overview of Contents
Ken Enterprises IPO Overview
| Category | Details |
|---|---|
| IPO Open Date | February 5, 2025 |
| IPO Close Date | February 7, 2025 |
| Face Value | ₹10 per equity share |
| IPO Price Band | ₹94 per share |
| Issue Size | Approx ₹83.65 crores |
| Fresh Issue | 61,99,200 shares (₹58.27 crores) |
| Offer for Sale | 27,00,000 shares (₹25.38 crores) |
| Issue Type | Fixed Price Issue |
| Listing Exchange | NSE SME |
| Retail Quota | Not more than 50% |
| QIB Quota | Not more than 00% |
| NII Quota | Not more than 50% |
| Lot Size | 1,200 shares |
| Minimum Investment | Retail: ₹1,12,800 (1 lot); NII: ₹2,25,600 (2 lots) |
| Total Issue Size | 88,99,200 shares (₹83.65 crores) |
| Share Holding Pre-Issue | 1,83,66,280 shares |
| Share Holding Post-Issue | 2,45,65,480 shares |
| Market Maker Portion | 4,45,200 shares |
| Listing Date | Tentatively February 12, 2025 |
| Allotment Date | Expected on February 10, 2025 |
| DRHP | Click here |
| RHP | Click Here |
| Anchor Investors List | Click here |
Ken Enterprises IPO Lot Size
| Category | 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 |
Ken Enterprises IPO Dates
| Event | Date |
|---|---|
| IPO Opens | Wednesday, February 5, 2025 |
| IPO Closes | Friday, February 7, 2025 |
| Allotment Finalization | Monday, February 10, 2025 |
| Refund Initiation | Tuesday, February 11, 2025 |
| Shares Credited to Demat | Tuesday, February 11, 2025 |
| Listing on Exchange | Wednesday, February 12, 2025 |
| UPI Mandate Cut-off Time | 5 PM on February 7, 2025 |
Ken Enterprises IPO Promoter Holding
Mr. Nikunj Hariprasad Bagdiyaand, Mrs. Bina Hariprasad Bagdiya are the promoters of the company.
| Share Holding Pre Issue | 81.21% |
| Share Holding Post Issue | 49.72% |
About Ken Enterprises IPO
Ken Enterprises Limited, incorporated in 1998, is a textile manufacturing company specializing in greige fabrics for apparel, industrial, and home furnishing applications. The company operates on an asset-light model, utilizing third-party manufacturing services in Ichalkaranji, Maharashtra, a key textile hub, to enhance production capacity. With two manufacturing units covering 50,000 square feet, Ken Enterprises offers a diverse product portfolio, including high-value apparel fabrics, organic and sustainable textiles, bed linens, and shoe canvases. As of December 31, 2024, the company employed 228 permanent workers.
Ken Enterprises’ competitive strengths include experienced leadership, strong client relationships, in-house product development capabilities, and a commitment to fast development and short delivery times. The company’s robust financial performance and focus on quality and customer satisfaction position it as a reliable supplier in the textile industry. These factors contribute to its attractiveness for investors considering the upcoming IPO.
Objects of the Issue
- Unidentified Acquisitions in India and abroad;
- Purchase of New Machinery
- Capital Expenditure for renovation of both Manufacturing Facilities;
- To meet Working Capital Requirements
Ken Enterprises IPO Financial Information
| Metric | 30 Nov 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Total Assets (₹ Cr.) | 266.3 | 242.15 | 195.16 | 187.26 |
| Revenue (₹ Cr.) | 332.85 | 409.13 | 375.23 | 360.32 |
| Net Profit (₹ Cr.) | 9.53 | 8.93 | 3.95 | 2.36 |
| Net Worth (₹ Cr.) | 54.38 | 44.85 | 35.93 | 31.98 |
| Reserves & Surplus (₹ Cr.) | 36.01 | 42.27 | 33.34 | 29.39 |
| Total Borrowings (₹ Cr.) | 43.14 | 47.84 | 49.45 | 41.01 |
Ken Enterprises IPO Valuation – FY2024
| KPI | Values |
|---|---|
| ROE: | 19.90% |
| ROCE: | 51.52% |
| EBITDA Margin: | 4.91% |
| PAT Margin: | 2.22% |
| Debt to equity ratio: | 0.09 |
| Earning Per Share (EPS): | ₹4.86 (Basic) |
| Price/Earning P/E Ratio: | 19.34 |
| Return on Net Worth (RoNW): | 19.90% |
| Net Asset Value (NAV): | ₹24.42 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
|---|---|---|---|---|---|
| Laxmi Cotspin Limited | (0.14) | NA | (0.38)% | 30.88 | 144.02 Cr. |
| Pashupati Cotspin Limited | 5.43 | 113.44 | 7.00% | 77.57 | 658.38 Cr. |
Ken Enterprises IPO Review
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Ken Enterprises IPO Registrar
Skyline Financial Services Pvt Ltd
Phone: +91-11-40450193-97
Email: compliances@skylinerta.com
Website: www.skylinerta.com
IPO Lead Managers aka Merchant Bankers
- Corporate Makers Capital Limited
Company Address
Ken Enterprises Limited
9/621 Industrial Estate near Kalyan Kendra,
Ichalkaranji, Maharashtra – 416115, India
Phone: +91-0230-2438538
E-mail: cs@kenindia.in
Website: www.kenindia.in
Ken Enterprises IPO FAQs
When does the Ken Enterprises IPO open and close?
The IPO opens on February 5, 2025, and closes on February 7, 2025.
What is the listing date for Ken Enterprises IPO?
The shares are scheduled to list on the BSE SME Exchange on February 12, 2025.
How can investors apply for the IPO?
Investors can apply through ASBA via their bank or online platforms like Zerodha, Groww, and Upstox.
When will the allotment status be available?
The allotment will be finalized on February 10, 2025, and refunds/initiation of Demat transfers will follow.
Is Ken Enterprises IPO a good investment?
It depends on factors like financial performance, growth potential, and market conditions. Investors should review these before making a decision.