Ken Enterprises IPO
Open SmeCurrent GMP
₹5 (+5.32%)
Price Band
₹ 94 – 94
Lot Size
1200
Issue Size
₹83.65 Cr
Minimum Investment
₹225600 (2400 Shares)
Listing Date
12 February 2025
Subscription
4.36x
About the Company
Ken Enterprises Limited is a textile manufacturing company that was originally incorporated as Ken Textiles Private Limited in 1998 and has undergone several name and status changes over the years, becoming a public company in 2024. The company is based in Ichalkaranji, Maharashtra, India, a prominent textile hub.
Ken Enterprises is ISO 9001:2015 certified and has won numerous awards from the Cotton Textiles Export Promotion Council (Texprocil). The company has over 20 years of experience in providing design-to-delivery solutions for both greige and finished fabrics, catering to both domestic and international markets. They export fabrics to over 10 countries and are approved vendors for well-known international brands like ZARA, Target, and Primark.
The company offers a diverse range of fabrics including structures, seer suckers, chambrays, fashion fabrics with metallic yarns, and more. These fabrics are used in various applications such as fashion wear, shirts, home textiles, and embroidery.
Ken Enterprises holds multiple certifications, such as:
- GOTS (Global Organic Textile Standard)
- Global Recycled Standard (GRS)
- OEKO-TEX STANDARD 100
- Better Cotton Initiative (BCI)
The company has committed to corporate responsibility through initiatives like ergonomic training, safety training, and sustainability efforts, such as the installation of an 8KW rooftop solar plant. It also maintains an asset-light business model by outsourcing fabric manufacturing to third-party manufacturers in the Ichalkaranji region, which helps increase production capacity without the need for significant capital investment.
Ken Enterprises operates two manufacturing units, each approximately 50,000 square feet, and focuses on maintaining high-quality standards for its product offerings. The company's strategy positions it as an emerging leader in the textile industry, combining traditional expertise with modern practices and a focus on sustainability.
Promoters
- Mr. Nikunj Hariprasad Bagdiya
- Mrs. Bina Hariprasad Bagdiya
Promoters Holding
Holding Pre Issue
81.21%
Holding Post Issue
49.72%
Objects of the Issue
The Company proposes to utilize the funds which are being raised towards funding the following objects:
- Unidentified Acquisitions in India and abroad
- Purchase of New Machinery
- Capital Expenditure for renovation of both Manufacturing Facilities
- To meet Working Capital Requirements
The Company will not receive any proceeds from the Offer for Sale.
Address / Contact Info
Ken Enterprises Limited
9/621 Industrial Estate Near Kalyan Kendra,
Ichalkaranji, Maharashtra - 416115
Phone: 91-0230-2438538
Email: cs@kenindia.in
Website: http://www.kenindia.in/
IPO Snapshot
IPO Timeline (Tentative)
IPO Open Date
Wednesday, 05 February 2025
IPO Close Date
Friday, 07 February 2025
Basis of Allotment
Monday, 10 February 2025
Initiation of Refunds
Tuesday, 11 February 2025
Credit of Shares to Demat
Tuesday, 11 February 2025
Listing Date
Wednesday, 12 February 2025 — NSE & BSE
Important Dates
Open Date
05 February 2025
Close Date
07 February 2025
Basis Of Allotment
10 February 2025
Listing Date
12 February 2025
Financial Performance (₹ in Crores)
| Particular | 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 |
| Reserve & Surplus | 36.01 | 42.27 | 33.34 | 29.39 |
| Total Borrowings | 43.14 | 47.84 | 49.45 | 41.01 |
EPS Pre
4.86%
EPS Post
5.82%
P/E Pre
19.34
P/E (Post Issue)
16.16x
Company Financial Information
KPI Information (₹ in Crores)
| Particular | KPI as of Mar 31, 2024. |
|---|---|
| ROE % | 19.9 |
| ROCE % | 51.52 |
| Debt / Equity | 0.09 |
| RoNW % | 19.9 |
| PbW | 0 |
| Pat Margin % | 2.22 |
Return Ratio
IPO Reservations
| Category | Shares Offered | Shares Offered % | Max Allotee |
|---|---|---|---|
| Market Maker | 445200 | 0 | 0 |
| Non-Institutional | 4227000 | 0 | 0 |
| Retail Investors | 4227000 | 0 | 0 |
Subscription Status ( Fri, 07 Feb 25 01:06 PM)
| Category | Shares Offered | Shares Bid For | Subscription (x) |
|---|---|---|---|
| Qualified Institutions | 0 | 469200 | 0x |
| Non-Institutional | 4227000 | 7354800 | 1.74x |
| Retail Investors | 4227000 | 29013600 | 6.86x |
| Total | 8454000 | 36837600 | 4.36x |
Subscription figures are updated periodically and may change until issue closing. Data reflects bids placed across exchanges.
Peer Comparision
No Peer Comparision Available
Lot Size & Investment Details
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 1,200 | 112,800.00 |
| Retail (Max) | 1 | 1,200 | 112,800.00 |
| S-HNI (Min) | 2 | 2,400 | 225,600.00 |
Registrar
Skyline Financial Services Private Ltd
02228511022
info@skylinerta.com
https://www.skylinerta.com
Book Running Lead Managers
- Corporate Makers Capital Limited
RHP Document
DRHP Document
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
Ken Enterprises IPO is a Fixed price IPO worth ₹83.65 crores. The price band is ₹94 to 94 per share. The IPO opens on Wed, Feb 5, 2025 and closes on Fri, Feb 7, 2025. It will be listed on BSE and NSE. Skyline Financial Services Private Ltd is the registrar.
The Ken Enterprises IPO opens on Wed, Feb 5, 2025 and closes on Fri, Feb 7, 2025
Ken Enterprises IPO Price Band is ₹94 to 94.
Ken Enterprises IPO lot size is 1200, and the minimum amount required for application is ₹225600.
The minimum investment for Ken Enterprises IPO is approximately ₹225600 based on the upper price band.
To apply for the Ken Enterprises IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of Fri, Feb 7, 2025. After submission, funds are blocked until the basis of allotment of Ken Enterprises IPO is finalised.
Ken Enterprises IPO issue size is ₹83.65 crores.
Ken Enterprises IPO allotment date is Sat, Jun 27, 2026.
The registrar for Ken Enterprises IPO is Skyline Financial Services Private Ltd. Investors can go to Skyline Financial Services Private Ltd website for IPO allotment status, refund processing, and other queries related to Ken Enterprises IPO through their official website or helpline.
The Ken Enterprises IPO GMP (Grey Market Premium) is ₹5 as of Wed, Feb 12, 2025. Based on the upper price band of ₹94 per share, the estimated Ken Enterprises IPO listing price is ₹99, indicating a potential listing gain of approximately 31% over the issue price.