Kenrik Industries IPO Details
The Kenrik Industries IPO is a fixed price issue with a total issue size of ₹8.75 cr, comprising of fresh issue of 3498000 equity shares. Kenrik Industries IPO opened for subscription on Apr 29, 2025 and closed on May 06, 2025. Kenrik Industries IPO has set the price at ₹25 per share, with a lot size of 6000 shares. Minimum investment for Retail investors was ₹300,000.00 (at the upper price band) to apply for one lot.
The basis of allotment got finalized on May 07, 2025, and listed on both the NSE and BSE on May 09, 2025.
Skyline Financial Services Private Ltd has been appointed as the registrar. Turnaround Corporate Advisors Private Limited are the Book Running Lead Manager for the issue.
Before investing in the Kenrik Industries 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
- ₹ 25 – 25
- Lot Size
- 6000
- Issue Size
- ₹8.75 Cr
- Minimum Investment
- ₹300000 (12000 Shares)
- Listing Date
- 09 May 2025
Current GMP
₹0 (0.00%)
*Info is indicative. Not an Investment Advice. Grey market trading is unregulated.
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
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
Book Running Lead Managers
- Turnaround Corporate Advisors Private 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.
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.
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 per share.
Kenrik Industries IPO lot size is 6000 shares, Retail investors need a minimum investment of ₹300000 based on the upper price band
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.
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.
Kenrik Industries IPO issue size is ₹8.75 crores.
Kenrik Industries IPO allotment date is Wed, Jul 1, 2026.
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.