Kenrik Industries IPO, a Gujarat based B2B jewellery manufacturer, launched its SME IPO with the aim of raising Rs 8.75 crore through a fresh issue of 34.98 lakh equity shares at a fixed price of Rs 25 per share.
Kenrik Industries Company Overview
Kenrik Industries, established in 2017, is initiating its IPO aimed at expanding its reach in the B2B jewellery sector. The company specialises in traditional Indian jewellery, focusing on handmade gold items enhanced with precious stones like diamonds and rubies. Headquartered in Ahmedabad, Gujarat, Kenrik Industries serves diverse market segments, ensuring quality through BIS Hallmark certification. Its operations emphasise meticulous quality control and inventory management. With a focus on customer specifications, Kenrik Industries maintains solid relationships within the jewellery industry, supporting its steady presence in the market.
Kenrik Industries IPO Details
Kenrik Industries IPO is a fixed price IPO of Rs 8.75 crores. The issue is a complete fresh issue of 8.75 crores.
| Issue Type | Fixed Price IPO |
| Face Value | Rs 10 per share |
| Issue Price | Rs 25 per share |
| Lot Size | 6000 shares per lot |
| Issue Size | Rs 8.75 crore |
| Fresh Issue | Rs 8.75 crore |
| Offer for Sale (OFS) | Rs 0 |
| Listing at | BSE SME |
| Market Capitalization | Rs 31.24 cr |
| Book Running Lead Managers | Turnaround Corporate Advisors Private Limited |
| Registrar | Skyline Financial Services Private Ltd |
Kenrik Industries IPO Timeline
Find Kenrik Industries Limited IPO tentative dates below.
| IPO Open Date | 29-Apr-2025 (Tuesday) |
| IPO Close Date | 06-May-2025 (Tuesday) |
| Allotment | 07-May-2025 (Wednesday) |
| Initiation of Refunds | 08-May-2025 (Thursday) |
| Demat Credit of Shares | 08-May-2025 (Thursday) |
| Listing Date | 09-May-2025 (Friday) |
| Cut off time for UPI mandate confirmation | 06-May-2025 at 5PM |
Kenrik Industries IPO Lot Size
Investors can bid for a minimum of 6000 shares and in multiples thereof. The following table shows the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
| Retail (Minimum) | 1 | 6000 | Rs 1,50,000 |
| Retail (Maximum) | 1 | 6000 | Rs 1,50,000 |
| HNI (Minimum) | 2 | 12000 | Rs 3,00,000 |
Kenrik Industries IPO Objectives
The proceeds from the Kenrik Industries IPO are intended to be utilised for the following purposes:
- Working Capital Requirements: Rs 6.56 crore (approximately 75%)
- General Corporate Purposes: Rs 1.8 crore (approximately 20.57%)
Kenrik Industries Financial Performance
Find Kenrik Industries last 3 years financial details below.
| FINANCIALS | 31-Oct-24 (Crs) | 31-Mar-24 (Crs) | 31-Mar-23 (Crs) |
| ASSETS | 15.98 | 15.8 | 15.59 |
| NET WORTH | 13.37 | 12.59 | 11.5 |
| TOTAL DEBT | 0.99 | 0.78 | 0.57 |
| REVENUE | 42.19 | 70.97 | 52.04 |
| PAT | 0.78 | 1.08 | 0.47 |
Kenrik Industries Strengths and Risks
Strengths:
- Diverse product range catering to various market segments.
- Strict quality control with BIS-certified products.
- Competitive pricing through efficient manufacturing and sourcing.
Risks:
- High inventory costs could impact profitability.
- Unsecured loans are subject to recall at any time.
- Lack of long-term supplier contracts may pose supply and pricing risks.
Kenrik Industries Grey Market Premium (GMP)
As of the latest reports, the grey market premium for Kenrik Industries shares remained flat at Rs 25, indicating neutral investor sentiment in the unofficial market.
Kenrik Industries Review: Avoid
Disclaimer: This blog’s content is intended solely for informational and educational purpose only. Before making any investment decisions, it is recommended that investors consult with a certified financial advisor.