Ken Enterprises IPO Details
The Ken Enterprises IPO is a fixed price issue with a total issue size of ₹83.65 cr, comprising of fresh issue of 6199200 equity shares., and a offer for sale of 2700000 equity shares. Ken Enterprises IPO opened for subscription on Feb 05, 2025 and closed on Feb 07, 2025. Ken Enterprises IPO has set the price at ₹94 per share, with a lot size of 1200 shares. Minimum investment for Retail investors was ₹225,600.00 (at the upper price band) to apply for one lot.
The basis of allotment got finalized on Feb 10, 2025, and listed on the NSE on Feb 12, 2025.
Skyline Financial Services Private Ltd has been appointed as the registrar. Corporate Makers Capital Limited are the Book Running Lead Manager for the issue.
Before investing in the Ken Enterprises IPO, investors should review the company's financial performance, business objectives, and risk factors mentioned in the offer documents and apply before the subscription window closes.
- Price Band
- ₹ 94 – 94
- Lot Size
- 1200
- Issue Size
- ₹83.65 Cr
- Minimum Investment
- ₹225600 (2400 Shares)
- Listing Date
- 12 February 2025
Current GMP
₹5 (+5.32%)
*Info is indicative. Not an Investment Advice. Grey market trading is unregulated.
About Ken Enterprises Limited
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.
Ken Enterprises IPO Promoters
- Mr. Nikunj Hariprasad Bagdiya
- Mrs. Bina Hariprasad Bagdiya
Promoters Holding
Holding Pre Issue
81.21%
Holding Post Issue
49.72%
Ken Enterprises IPO Objective
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
Book Running Lead Managers
- Corporate Makers Capital Limited
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 with a total issue size of ₹83.65 crore. The Ken Enterprises IPO price band is ₹94 to 94 per share. The Ken Enterprises IPO subscription opens on Wed, Feb 5, 2025, and closes on Fri, Feb 7, 2025. The Ken Enterprises IPO will be listed on the NSE. Skyline Financial Services Private Ltd is the registrar for the Ken Enterprises IPO.
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 per share.
Ken Enterprises IPO lot size is 1200 shares, Retail investors need a minimum investment of ₹225600 based on the upper price band
The minimum investment for Ken Enterprises IPO is ₹225600, based on one lot of 1200 shares at the upper price band of ₹94 per share.
Investors can apply for the Ken Enterprises IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Fri, Feb 7, 2025. The application amount remains blocked until the Ken Enterprises IPO allotment is finalized.
Ken Enterprises IPO issue size is ₹83.65 crores.
Ken Enterprises IPO allotment date is Wed, Jul 1, 2026.
The registrar for Ken Enterprises IPO is Skyline Financial Services Private Ltd. Investors can go to Skyline Financial Services Private Ltd website to check Ken Enterprises IPO allotment status, refund processing, and other IPO-related information.
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 0% over the issue price.