Ken Enterprises IPO GMP Today, Date, Price, Subscription Status 

Ken Enterprises IPO Overview

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 Important dates

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

IPO Open Date	Wednesday, February 5, 2025
IPO Close Date	Friday, February 7, 2025
Basis of Allotment	Monday, February 10, 2025
Initiation of Refunds	Tuesday, February 11, 2025
Credit of Shares to Demat	Tuesday, February 11, 2025
Listing Date	Wednesday, February 12, 2025
Cut-off time for UPI mandate confirmation	5 PM on February 7, 2025

Ken Enterprises IPO Financial Performance

Period Ended	30 Nov 2024	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	266.3	242.15	195.16	187.26
Revenue	332.85	409.13	375.23	360.32
Profit After Tax	9.53	8.93	3.95	2.36
Net Worth	54.38	44.85	35.93	31.98
Reserves and Surplus	36.01	42.27	33.34	29.39
Total Borrowing	43.14	47.84	49.45	41.01
Amount in ₹ Crore

Ken Enterprises IPO Key Performance Indicator

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

KPI as of Sun, Mar 31, 2024.

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 Lot Size

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

Application	Lots	Shares	Amount
Retail (Min)	1	1200	₹1,12,800
Retail (Max)	1	1200	₹1,12,800
HNI (Min)	2	2,400	₹2,25,600
Lot Size Calculator

Ken Enterprises IPO Details

IPO Date	February 5, 2025 to February 7, 2025
Listing Date	[.]
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
Market Maker Portion	4,45,200 shares Giriraj Stock Broking Private Limited

Ken Enterprises IPO Company Overview and Services

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

Ken Enterprises IPO SWOT Analysis

Ken Enterprises IPO SWOT Analysis

Strengths:

• Experienced Leadership: The company boasts experienced leadership, which can provide strategic direction and stability.
• Robust Financial Performance: Ken Enterprises has demonstrated strong financial performance, indicating potential for growth and profitability.
• Asset-Light Model: The company operates on an asset-light model, which can reduce capital expenditure and enhance scalability.
• Established Client Relationships: Ken Enterprises has established strong relationships with clients, ensuring repeat business and trust.
• Diverse Product Portfolio: The company offers a diverse product portfolio, catering to various customer needs and reducing dependence on a single product line.
• In-house Product Development Expertise: Having in-house product development expertise allows for innovation and customization, giving the company a competitive edge.
• Fast Development and Short Delivery Time: The company’s ability to quickly develop products and deliver them promptly can be a significant advantage in today’s fast-paced market.

Weaknesses:

• Reliance on Third-Party Manufacturers: The company relies on third-party manufacturers, which can limit control over production and quality.
• Risk of Volatility of Raw Material Prices: Fluctuations in raw material prices can impact profitability and make it challenging to manage costs.
• Regulatory and Compliance Risks: The company faces regulatory and compliance risks, which can be complex and costly to manage.

Opportunities:

• Growing Textile Industry: The textile industry is growing, driven by increasing demand for fabrics for various applications.
• Expanding into New Markets: There is potential for Ken Enterprises to expand into new markets and cater to a wider customer base.
• Adopting New Technologies: Adopting new technologies can improve efficiency, reduce costs, and enhance product offerings.
• Strategic Partnerships: Collaborating with other companies can expand market reach and capabilities.

Threats:

• Competition: The textile industry is competitive, with both established players and new entrants.
• Economic Downturn: An economic downturn can impact demand for textiles and affect the company’s revenue.
• Changes in Government Policies: Changes in government policies related to the textile industry can impact the business.
• Technological Disruptions: Rapid advancements in technology can make existing equipment or processes obsolete.

Ken Enterprises IPO GMP Details

What is IPO GMP?

The grey market premium (GMP) reflects the unofficial trading price of an IPO before its listing, offering insights into its potential market performance. A positive GMP indicates that the IPO may yield profits, while a negative GMP suggests a possible discount upon listing. However, it’s essential to recognize that IPO GMP can be highly volatile. Therefore, investors should not make decisions solely based on the GMP but should thoroughly assess all relevant factors before investing.

Ken Enterprises IPO Subscription Status 

Note that the bidding starts at 10 AM and ends at 5 PM on the days when the public issue is open.

Ken Enterprises IPO Allotment status

Ken Enterprises IPO allotment is expected on Monday, February 10, 2025.

Ken Enterprises IPO allotment status is not available at this time. Ken Enterprises IPO – The allotment status will be available once the basis of allotment is finalized. Please revisit us to check the latest updates for Ken Enterprises Limited IPO allotment status.

Ken Enterprises IPO Contact Details

Ken Enterprises Limited
9/621,
Industrial Estate Near Kalyan Kendra,
Ichalkaranji, 416115
Phone: 91-0230-2438538
Email: cs@kenindia.in

Disclaimer: Investing in Initial Public Offerings (IPOs) involves substantial risk, and financial returns are not guaranteed. The information provided should not be construed as financial or investment advice. Prospective investors are advised to consider their financial situation, investment objectives, and risk tolerance before participating in an IPO. It is recommended to consult with a qualified financial advisor or professional before making any investment decisions. Past performance is not indicative of future results. Investments in IPOs may be subject to market risk, including the potential loss of principal.

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