Kenrik Industries IPO
GMP, Subscription, Price, Dates & Financial Details
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…
Open Date
Tue, 29 Apr 2025
Close Date
Tue, 06 May 2025
Issue Price
₹ 25
Lot Size
6000
Issue Size
₹ 8.75 Cr
Minimum Investment
₹ 300,000 (12000 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
Kenrik Industries IPO has successfully completed its IPO process and is now listed on BSE SME Platform. According to the Red Herring Prospectus (RHP), the IPO was a fixed price issue with a total issue size of ₹8.75 Crore, comprising a fresh issue of 34.98 Lakh equity shares aggregating to ₹8.75 Crore.
The Kenrik Industries IPO remained open for subscription from April 29, 2025, to May 06, 2025. The basis of allotment was finalized on May 07, 2025, and the company's shares were listed on BSE SME Platform on May 09, 2025.
The company had fixed the price at ₹25 per share, with a lot size of 6000 shares. Retail investors were required to make a minimum investment of ₹300,000 (based on the upper price band) to apply for one lot.
Skyline Financial Services Private Ltd served as the registrar to the issue. Turnaround Corporate Advisors Private Limited acted as the Book Running Lead Managers (BRLMs) to the issue.
With the successful completion of the IPO process, Kenrik Industries Limited is now a publicly listed company on BSE SME Platform. Investors can track the company's share price, trading performance, financial results, and corporate announcements through the stock exchanges.
Kenrik Industries IPO Timeline (Tentative)
- IPO Open Date
- Tue, 29 Apr 25
- IPO Close Date
- Tue, 06 May 25
- Basis of Allotment
- Wed, 07 May 25
- Initiation of Refunds
- Thu, 08 May 25
- Credit of Shares to Demat
- Thu, 08 May 25
- Listing Date
- Fri, 09 May 25 — NSE & BSE
Open Date
29 April 2025
Close Date
06 May 2025
Basis Of Allotment
07 May 2025
Listing Date
09 May 2025
IPO Subscription
Check Live Subscription →The Kenrik Industries IPO has received bids for 68,04,000 shares against 33,18,000 shares offered, resulting in an overall subscription of 2.05x. the NII category is subscribed 0.3x, Retail Investors 3.79x, and QIBs 0x.
QIB
0x
NII
0.3x
RII
3.79x
Total
2.05x
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 16,62,000 shares, representing 50.09% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 0 shares (%), while Non-Institutional Investors (NIIs) receive 16,56,000 shares (49.91%).
| Category | Shares Offered | Shares Offered % |
|---|---|---|
| Non-Institutional | 1,656,000 | 49.91% |
| Retail Investors | 1,662,000 | 50.09% |
| Total | 3,318,000 | 100% |
Financials Details(₹ in Crores)
| Particular | 31 Oct 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 15.98 | 15.8 | 15.59 | 12.47 |
| Revenue | 42.19 | 70.97 | 52.04 | 32.69 |
| Profit After Tax | 0.78 | 1.08 | 0.47 | 0.39 |
| Net Worth | 13.37 | 12.59 | 11.5 | 11.03 |
| Reserve & Surplus | 0 | 0 | 0 | 0 |
| Total Borrowings | 0.99 | 0.78 | 0.57 | 0.35 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
Kenrik Industries Limited KPI Information
| Particular | KPI as of Sun, Mar 31, 2024. |
|---|---|
| ROE % | 9.01 |
| ROCE % | 10.85 |
| Debt / Equity | 0.06 |
| RoNW % | 8.62 |
| Pat Margin % | 1.53 |
Peers Comparison
No Peer Comparision Available
About Kenrik Industries Limited
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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Kenrik Industries IPO Promoters
- Nitinkumar Dalpatbhai Shah
- Nihar Nitinbhai Shah
- Manisha Nitinkumar Shah
- Shah Nitin Dalpatlal (HUF)
Promoters Holding
Holding Pre Issue
99.99%
Holding Post Issue
72.01%
Kenrik Industries IPO Objective
The Objects of the Issue are:
1. To meet Working Capital Requirements
2. General Corporate Purposes
Kenrik Industries Limited Address / Contact Details
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
Kenrik Industries IPO Lot Size
The Kenrik Industries IPO has a lot size of 6,000 shares. Retail investors require a minimum investment of ₹1,50,000 by applying for 1 lot (6,000 shares). The maximum application allowed for the retail category is 1 lots (6,000 shares), requiring an investment of ₹1,50,000.
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 6,000 | 150,000.00 |
| Retail (Max) | 1 | 6,000 | 150,000.00 |
| S-HNI (Min) | 2 | 12,000 | 300,000.00 |
Issue Reservation
- NII — 49.91%
- RII — 50.09%
Book Running Lead Managers
- Turnaround Corporate Advisors Private Limited
IPO Documents & Links
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Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the Kenrik Industries IPO?
Kenrik Industries IPO is a Fixed price IPO with a total issue size of ₹8.75 crore. The Kenrik Industries IPO price band is ₹25 to 25 per share. The Kenrik Industries IPO subscription opens on Tue, Apr 29, 2025, and closes on Tue, May 6, 2025. The Kenrik Industries IPO will be listed on the BSE. Skyline Financial Services Private Ltd is the registrar for the Kenrik Industries IPO.
When will the Kenrik Industries IPO open for subscription?
The Kenrik Industries IPO opens on Tue, Apr 29, 2025 and closes on Tue, May 6, 2025
What is Kenrik Industries IPO Price Band?
Kenrik Industries IPO Price Band is ₹25 to 25 per share.
What is Kenrik Industries IPO Lot Size?
Kenrik Industries IPO lot size is 6000 shares, Retail investors need a minimum investment of ₹300000 based on the upper price band
What is the minimum investment for Kenrik Industries IPO?
The minimum investment for Kenrik Industries IPO is ₹300000, based on one lot of 6000 shares at the upper price band of ₹25 per share.
How to apply for Kenrik Industries IPO?
Investors can apply for the Kenrik Industries 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 Tue, May 6, 2025. The application amount remains blocked until the Kenrik Industries IPO allotment is finalized.
What is Kenrik Industries IPO Issue Size?
Kenrik Industries IPO issue size is ₹8.75 crores.
What is the Kenrik Industries IPO Allotment Date?
Kenrik Industries IPO allotment date is Wed, May 7, 2025.
Who is the Kenrik Industries IPO Registrar?
The registrar for Kenrik Industries IPO is Skyline Financial Services Private Ltd. Investors can go to Skyline Financial Services Private Ltd website to check Kenrik Industries IPO allotment status, refund processing, and other IPO-related information.
Who is the Kenrik Industries IPO Lead Manager?
The book-running lead managers (BRLMs) for the Kenrik Industries IPO are Turnaround Corporate Advisors Private Limited. The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the Kenrik Industries IPO Red Herring Prospectus (RHP).