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Kenrik Industries IPO

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BSE 29 April - 06 May 2025
Kenrik Industries Limited IPO is a fixed price issue of 8.75 Cr. The issue is entirely a fresh issue of 3498000 shares aggregating to 8.75 Cr. Kenrik Industries Limited IPO opened for subscription on Apr 29, 2025 and closed on May 06, 2025. The allotment for the this IPO was finalized on May 07, 2025. IPO was listed on NSE and BSE on May 09, 2025. Kenrik Industries Limited IPO has set the issue price at ₹25 per share.

Current GMP

₹0 (0.00%)

Price Band

₹ 25 – 25

Lot Size

6000

Issue Size

₹8.75 Cr

Minimum Investment

₹300000 (12000 Shares)

Listing Date

09 May 2025

Subscription

2.05x

About the Company

Kenrik Industries Limited was incorporated as a private limited company on February 28, 2017, under the Companies Act, 2013. Based in Ahmedabad, Gujarat, the company specializes in the manufacturing, wholesaling, and supply of plain and studded gold jewellery and ornaments, with a strong focus on traditional Indian jewellery.

Product Portfolio
The company offers a wide range of handmade gold jewellery studded with precious and semi-precious stones like diamonds, rubies, and cubic zirconia. Products include:

  • Rings, earrings, pendants, armlets, nose rings, bracelets, necklaces, bangles, and chains
  • Wedding jewellery
  • Watches and luxury items

These products cater to high-end, mid-market, and value segments, and are custom-made based on client requirements.

Operations & Supply Chain
Kenrik operates primarily on a B2B model and focuses on quality control, inventory management, and business development. All jewellery is BIS Hallmark certified, ensuring purity and trust.

  • The company sources gold flexibly from multiple suppliers to take advantage of competitive pricing, without relying on long-term contracts.
  • It operates in a region with a vibrant bullion and jewellery market, which facilitates a broad supplier base.

Sales & Customer Engagement
The company has a proactive sales team engaging in direct marketing and personal outreach. A significant portion of its business comes from client referrals due to its strong reputation. It has also developed a website and mobile app to support business expansion and enhance customer interaction.

Customer-Centric Approach
Kenrik emphasizes customer satisfaction by delivering quality products with superior finish, safe packaging, ethical trade practices, and timely delivery.

Leadership
The company is promoted by Nitinkumar Dalpatbhai Shah and Nihar Nitinbhai Shah, with approximately 25 years and 5 years of industry experience respectively. Their expertise and leadership have significantly contributed to the company's growth and reputation.

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Promoters

  1. Nitinkumar Dalpatbhai Shah
  2. Nihar Nitinbhai Shah
  3. Manisha Nitinkumar Shah
  4. Shah Nitin Dalpatlal (HUF)
Promoters Holding

Holding Pre Issue

99.99%

Holding Post Issue

72.01%

Objects of the Issue

The Objects of the Issue are:
1. To meet Working Capital Requirements
2. General Corporate Purposes

Address / Contact Info

Kenrik Industries Limited
B-306, East Face, Behind Maruti Suzuki
Showroom, Nr. S P Ring Road, Ambli Road,
Ambli, Daskroi, Ahmedabad, Gujarat – 380058

Phone: +91-9687141430
Email: cs@kenrikindustries.net
Website: http://www.kenrikindustries.net/

IPO Snapshot

Face Value₹10 per share
Price Band₹ 25 – 25
Lot Size6000
Issue TypeFixed price IPO
Sale Type
Fresh Issue₹ 8.75 Cr
Offer for Sale₹ 0.00 Cr
Total Issue Size₹ 8.75 Cr
Listing AtBSE
Industry
Sector
Retail Quota50.09%

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.

Kenrik Industries IPO is a Fixed price IPO worth ₹8.75 crores. The price band is ₹25 to 25 per share. The IPO opens on Tue, Apr 29, 2025 and closes on Tue, May 6, 2025. It will be listed on BSE and NSE. Skyline Financial Services Private Ltd is the registrar.

The Kenrik Industries IPO opens on Tue, Apr 29, 2025 and closes on Tue, May 6, 2025

Kenrik Industries IPO Price Band is ₹25 to 25.

Kenrik Industries IPO lot size is 6000, and the minimum amount required for application is ₹300000.

The minimum investment for Kenrik Industries IPO is approximately ₹300000 based on the upper price band.

To apply for the Kenrik Industries 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 Tue, May 6, 2025. After submission, funds are blocked until the basis of allotment of Kenrik Industries IPO is finalised.

Kenrik Industries IPO issue size is ₹8.75 crores.

Kenrik Industries IPO allotment date is Sat, Jun 27, 2026.

The registrar for Kenrik Industries 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 Kenrik Industries IPO through their official website or helpline.