Kenrik Industries IPO Date, Price, GMP, Review Details; Kenrik Industries IPO is a fixed price of Rs 8.75 crores. The issue is entirely a fresh issue of 34.98 lakh shares. Kenrik Industries IPO bidding opened for subscription on April 29, 2025 and will close on May 6, 2025. The allotment for the Kenrik Industries IPO is expected to be finalized on Wednesday, May 7, 2025. Kenrik Industries IPO will be list on BSE SME with a tentative listing date fixed as Friday, May 9, 2025.Kenrik Industries IPO price is ₹25 per share. The minimum lot size for an application is 6000. The minimum amount of investment required by retail investors is ₹1,50,000. The minimum lot size investment for HNI is 2 lots (12,000 shares) amounting to ₹3,00,000.
Turnaround Corporate Advisors Private Limited is the book-running lead manager of the Kenrik Industries IPO, while Skyline Financial Services Private Ltd is the registrar for the issue.The market maker for Kenrik Industries IPO is Mnm Stock Broking Private Limited.
Kenrik Industries IPO Overview
| IPO Open Date | April 29, 2025 |
| IPO Close Date | May 6, 2025 |
| Listing Date | To be announced |
| Face Value | ₹10 per share |
| Issue Price | ₹25 per share |
| Lot Size | 6,000 Shares |
| Total Issue Size | 34,98,000 shares (₹8.75 Cr) |
| Fresh Issue | 34,98,000 shares (₹8.75 Cr) |
| Offer for Sale | NA |
| Issue Type | Fixed Price Issue |
| Listing At | BSE SME |
| Market Maker Portion | 1,80,000 shares |
| Pre-Issue Shareholding | 89,99,900 shares |
| Post-Issue Shareholding | 1,24,97,900 shares |
| Lead Manager | Mnm Stock Broking Pvt. Ltd. |
About Kenrik Industries Limited
Kenrik Industries operates in the industrial and manufacturing sector, specializing in engineering components and related services. With a focus on quality and customer satisfaction, the company is looking to raise capital to fund its working capital requirements and business expansion plans.
Kenrik Industries Limited currently operates under a Business-to-Business (B2B) model, catering to customers across high-end, mid-market, and value market segments. The company places strong emphasis on quality control, inventory management, and business development, ensuring all jewellery is certified by BIS Hallmark.
As of July 31, 2024, Kenrik Industries Limited has a total of 9 employees across various departments.
Read it Also – JSW Steel Share Price Target 2025, 2026, 2027, 2030 Expert Analysis & Forecast
Kenrik Industries IPO Timeline (Tentative Schedule)
The IPO of Kenrik Industries is scheduled to open for subscription on April 29, 2025, and close on May 6, 2025. Below is the full tentative schedule including allotment, refund, and listing dates.
| Event | Date |
|---|---|
| IPO Open Date | Tuesday, April 29, 2025 |
| IPO Close Date | Tuesday, May 6, 2025 |
| Basis of Allotment Finalization | Wednesday, May 7, 2025 |
| Initiation of Refunds | Thursday, May 8, 2025 |
| Credit of Shares to Demat Accounts | Thursday, May 8, 2025 |
| Tentative Listing Date on BSE SME | Friday, May 9, 2025 |
| Cut-off Time for UPI Mandate Confirmation | 5 PM on May 6, 2025 |
Kenrik Industries IPO Lot Size
Investors participating in the Kenrik Industries IPO can apply in lots of 6,000 shares, which is the minimum bidding quantity. Applications must be placed in multiples of this lot size. The table below details the minimum and maximum investment permissible for retail and HNI (High Net-worth Individual) categories:
| Application Category | Lots | Shares | Investment Amount |
|---|---|---|---|
| Retail (Minimum) | 1 | 6,000 | ₹1,50,000 |
| Retail (Maximum) | 1 | 6,000 | ₹1,50,000 |
| HNI (Minimum) | 2 | 12,000 | ₹3,00,000 |
Note: Since the IPO is a fixed-price issue at ₹25 per share, the investment value is calculated accordingly. Retail investors are allowed only a single lot application, while HNIs must apply for at least two lots.
Kenrik Industries Limited Financial Information (Restated)
Kenrik Industries has demonstrated consistent financial growth over the past few years, reflecting improved revenue performance and profitability. The company has scaled its operations steadily, supported by a strong balance sheet and conservative debt levels. Below is the restated financial summary for recent fiscal periods:
| Financial Metrics | 31 Oct 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Total Assets (₹ Cr) | 15.98 | 15.80 | 15.59 | 12.47 |
| Revenue (₹ Cr) | 42.19 | 70.97 | 52.04 | 32.69 |
| Profit After Tax (₹ Cr) | 0.78 | 1.08 | 0.47 | 0.39 |
| Net Worth (₹ Cr) | 13.37 | 12.59 | 11.50 | 11.03 |
| Total Borrowings (₹ Cr) | 0.99 | 0.78 | 0.57 | 0.35 |
Key Financial Highlights:
- Revenue Growth: The company’s revenue rose from ₹32.69 Cr in FY 2022 to ₹70.97 Cr in FY 2024, showcasing strong top-line momentum.
- Profitability: Profit After Tax increased from ₹0.39 Cr in FY 2022 to ₹1.08 Cr in FY 2024, indicating improving margins and operational efficiency.
- Strong Net Worth: Net worth has grown steadily from ₹11.03 Cr in FY 2022 to ₹13.37 Cr as of October 2024, reflecting retained earnings and shareholder value creation.
- Low Debt Levels: Total borrowings remain low at ₹0.99 Cr as of October 2024, suggesting a strong capital structure and financial prudence.
Kenrik Industries’ steady growth in revenue and profits, along with a strong balance sheet, positions it well for post-IPO expansion and potential investor confidence.
Kenrik Industries IPO Key Performance Indicators (KPI)
Kenrik Industries Limited has demonstrated stable financial metrics that reflect its operational efficiency and sound capital management. These Key Performance Indicators provide a snapshot of the company’s financial health and investment appeal as of the financial year ending March 31, 2024.
| KPI | Value |
|---|---|
| Market Capitalization | ₹31.24 Cr |
| Return on Equity (ROE) | 9.01% |
| Return on Capital Employed (ROCE) | 10.85% |
| Debt-to-Equity Ratio | 0.06 |
| Return on Net Worth (RoNW) | 8.62% |
| Profit After Tax (PAT) Margin | 1.53% |
Analysis of Kenrik Industries’ KPI:
- ROE of 9.01% reflects the company’s moderate efficiency in generating profit relative to shareholder equity, indicating stable returns for equity investors.
- ROCE of 10.85% signifies the company’s ability to generate returns from its capital base, a key indicator of operational performance.
- Low Debt-to-Equity Ratio (0.06) underlines its conservative leverage strategy, which minimizes financial risk and enhances solvency.
- RoNW of 8.62% shows that Kenrik Industries is moderately utilizing shareholders’ funds to generate net income.
- PAT Margin at 1.53% indicates a modest bottom-line profit relative to revenue, typical for SMEs in manufacturing or industrial sectors.
Conclusion
Kenrik Industries Limited is entering the capital markets with a fixed price SME IPO, offering investors an opportunity to participate in its steady growth trajectory. The company has shown consistent performance in revenue and profitability, along with a low debt-to-equity ratio and efficient use of capital. While its PAT margins remain modest, the company’s operational stability and sound financial fundamentals make it a potentially attractive option for retail and HNI investors seeking exposure to the SME sector. However, as with any IPO, investors should carefully evaluate their risk appetite, read the red herring prospectus (RHP), and assess market conditions before making an investment decision.
Disclaimer
The content provided above is for informational and educational purposes only and does not constitute investment advice, financial advice, or a recommendation to buy or sell any securities. IPO investments are subject to market risks, and past performance is not indicative of future returns. Readers are advised to consult with a certified financial advisor or conduct their own due diligence before making any investment decisions. The author and the website are not liable for any financial losses incurred as a result of reliance on the information presented in this article.
