April 26, 2025
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What was the last grey market premium of Kenrik Industries IPO?
Rs. 0
Listing Review: Will update on listing.
Subscription status of Kenrik Industries IPO
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Kenrik Industries IPO Price Rs. Lot 6000 shares, Rs. – Crore |
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| QIB | NII x | RII x | Total x | Applications |
| Note: | ||||
Kenrik Industries Allotment Link:
What is the business of Kenrik Industries?
Established in 2017, Kenrik Industries Limited specializes in the design and distribution of traditional Indian jewellery. The company’s product line showcases handcrafted gold pieces embellished with precious and semi-precious stones such as diamonds, rubies, and cubic zirconia.
Kenrik offers a diverse and comprehensive jewellery collection that includes rings, earrings, armlets, pendants, nose rings, bracelets, chains, necklaces, bangles, watches, luxury accessories, and bespoke wedding jewellery. Each piece is custom-made to suit specific client requirements and is produced on a job-work basis at the company’s dedicated manufacturing facility in Ahmedabad, Gujarat.
Operating exclusively under a Business-to-Business (B2B) model, Kenrik Industries serves clients across the premium, mid-range, and value segments. The company maintains a strong focus on quality assurance, efficient inventory management, and strategic business development. All products are certified with the BIS Hallmark, ensuring authenticity and compliance with industry standards.
As of July 31, 2024, Kenrik Industries Limited employs a dedicated team of nine professionals across various departments, supporting its commitment to craftsmanship, client satisfaction, and operational excellence.
Get more information about the company @ http://www.kenrikindustries.net/
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Kenrik Industries IPO Details |
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| IPO opens on | 29 April 2025 |
| IPO closes on | 6 May 2025 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 3498000 Shares / Rs 8.85 Crore |
| * Fresh Issue | 3498000 Shares / Rs 8.75 Crore |
| * Offer for Sale – | – shares / Rs.- crore |
| Market Maker Portion | 180000 Shares |
| Net offer to Public | 3318000 Shares/ Rs 8.30 Crore |
| Face Value per share | Rs. 10 |
| Price Band | Rs. 25 |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | 6000 Shares |
| Listing will at | BSE SME |
Shares offered in IPO |
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| Shares | Rs. (Crore) | |
| QIB (0%) | – | – |
| HNI (50%) | 1659000 | 4.15 |
| RII (50%) | 1659000 | 4.15 |
| Total Shares | 3318000 | 8.30 |
| Retail portion will be oversubscribed by |
277 | |
| Forms | ||
| How much Shares to Apply in this IPO? | ||
| Min Retail Application | 6000 Shares | Rs.150000 |
| Min HNI Application | 12000 Shares | Rs. 300000 |
Who are the Promoters of Kenrik Industries?
Nitinkumar Dalpatbhai Shah, Nihar Nitinbhai Shah, Manisha Nitinkumar Shah, Shah Nitin Dalpatlal (HUF) are the company promoters.
What are the Objects of Kenrik Industries IPO?
The Company proposes to utilize the Net Proceeds towards funding of the following objects:
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Funding to meet working capital requirements
- General Corporate Purpose
Tentative timetable |
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| IPO opens on | 29 April 2025 |
| IPO Closes on | 6 May 2025 |
| IPO Allotment on | 7 May 2025 |
| Refund Initiation | 8 May 2025 |
| Credit of Shares | 8 May 2025 |
| Listing on | 9 May 2025 |
| Registered Office of the Company Kenrik Industries Limited B-306, East Face, Behind Maruti Suzuki Showroom, Nr. S P Ring Road, Ambli Road, Ambli, Daskroi |
| Who is the Lead Manager of this IPO? Turnaround Corporate Advisors Pvt Ltd |
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Who is the Registrar to IPO? Skyline Financial Services Pvt Ltd |
Kenrik Industries IPO GMP grey market premium, review, Subscription, allotment, listing estimate
| Kenrik Industries IPO Financial & Analytical Ratios | ||||
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Period Ended |
31-Oct-24 | 31/03/24 | 31/3/23 | 31/3/22 |
| 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 |
| Total Borrowing | 0.99 | 0.78 | 0.57 | 0.35 |
| Amount in Rs. Crore | ||||
Key Performance
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| Price/EPS of 23-24 | 20.74 |
| RoNW | 8.62 |
| Debt/Equity Ratio | 0.06 |
How Kenrik Industries IPO compares with the Peers?
| Company Name | P/E (x) | RoNW (%) |
| Kenrik Industries Limited | 8.42 | |
| Veerkrupa Jewellers Ltd | 4.06 | 1.83 |
| Motisons Jewellers Limited | 38.68 | 9.82 |
| Khazanchi Jewellers Ltd | 28.15 | 14.55 |
# This is only coverage of News related to Grey Market Premium & subject to rates. We do not deal in grey market premium. We do not recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.
Kenrik Industries IPO Review by Paresh Gordhandas, CA & Research Analyst.
Established in 2017, Kenrik Industries Limited specializes in the design and distribution of traditional Indian jewellery. The company’s product line showcases handcrafted gold pieces embellished with precious and semi-precious stones such as diamonds, rubies, and cubic zirconia.
Operating exclusively under a Business-to-Business (B2B) model, Kenrik Industries serves clients across the premium, mid-range, and value segments.
The size of the IPO is very small and with only 276 applications, the retail portion can get one time subscribed. So oversubscription will not be an issue.
The company has shown sharp rise in the topline and the profits in the year prior to the IPO. The level of inventory appears to be higher side compared to the turnover of the company.
The total addressable market for this business is very large and at the same time, it has no novelty or exclusivity.
Since the size of the IPO is small, huge oversubscription may be seen. From very short term angle, apply only if you feel confident of selling the shares in the market at premium on listing.
+ from fundamental angle: May apply.
+ from grey market angle: So-so
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