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Ken Enterprises IPO

Live Updates, GMP, Subscription Data, and Financial Details

IPO Overview

Listed
Dates Feb 05 to Feb 07 2025
Price Band ₹94
Current GMP ₹85 (-9.57%)
Subscription 4.36 times

IPO Details

IPO Date
February 5, 2025 to February 7, 2025
Listing Date
February 12, 2025
Face Value
₹10 per share
Issue Price
₹94 per share
Lot Size
1,200 Shares
Total Issue Size
88,99,200 shares (aggregating up to ₹83.65 Cr)
Fresh Issue
61,99,200 shares (aggregating up to ₹58.27 Cr)
Offer for Sale
27,00,000 shares of ₹10 (aggregating up to ₹25.38 Cr)
Issue Type
Fixed Price Issue IPO
Listing At
NSE SME
Share Holding Pre Issue
1,83,66,280 shares
Share Holding Post Issue
2,45,65,480 shares
Market Maker Portion
4,45,200 sharesGiriraj Stock Broking Private Limited

IPO Subscription Details

Market Maker
1
Non-Institutional Buyers***
1.75
Retail Investors
6.86
Total **
4.36

Day Wise Sub

DayDay 1 Feb 5, 2025
NII*0.77
Retail3.25
Total2.01
DayDay 2 Feb 6, 2025
NII*1.32
Retail6.08
Total3.7
DayDay 3 Feb 7, 2025
NII*1.75
Retail6.86
Total4.36

Day Wise GMP

Date12-02-2025
Price94.00
GMP5(5.32%)
Estimate List Price99
Date11-02-2025
Price94.00
GMP5(5.32%)
Estimate List Price99
Date10-02-2025
Price94.00
GMP5(5.32%)
Estimate List Price99
Date09-02-2025
Price94.00
GMP5(5.32%)
Estimate List Price99
Date08-02-2025
Price94.00
GMP5(5.32%)
Estimate List Price99
Date07-02-2025
Price94.00
GMP5(5.32%)
Estimate List Price99
Date06-02-2025
Price94.00
GMP5(5.32%)
Estimate List Price99
Date05-02-2025
Price94.00
GMP25(26.60%)
Estimate List Price119
Date04-02-2025
Price94.00
GMP36(38.30%)
Estimate List Price130
Date03-02-2025
Price94.00
GMP0(0.00%)
Estimate List Price94
Date02-02-2025
Price94.00
GMP0(0.00%)
Estimate List Price94
Date01-02-2025
Price94.00
GMP0(0.00%)
Estimate List Price94
Date31-01-2025
Price94.00
GMP0(0.00%)
Estimate List Price94
Date30-01-2025
Price94.00
GMP0(0.00%)
Estimate List Price94

IPO Important Dates

IPO Open Date
Wed, Feb 5, 2025
IPO Close Date
Fri, Feb 7, 2025
Tentative Allotment
Mon, Feb 10, 2025
Initiation of Refunds
Tue, Feb 11, 2025
Credit of Shares to Demat
Tue, Feb 11, 2025
Tentative Listing Date
Wed, Feb 12, 2025
Cut-off time for UPI mandate confirmation
5 PM on February 7, 2025

IPO Lot Size

ApplicationRetail (Min)
Lots1
Shares1200
Amount₹1,12,800
ApplicationRetail (Max)
Lots1
Shares1200
Amount₹1,12,800
ApplicationHNI (Min)
Lots2
Shares2,400
Amount₹2,25,600

Financial Information

Period EndedPeriod Ended
30 Nov 202430 Nov 2024
31 Mar 202431 Mar 2024
31 Mar 202331 Mar 2023
Period EndedAssets
30 Nov 2024266.3
31 Mar 2024242.15
31 Mar 2023195.16
Period EndedRevenue
30 Nov 2024332.85
31 Mar 2024409.13
31 Mar 2023375.23
Period EndedProfit After Tax
30 Nov 20249.53
31 Mar 20248.93
31 Mar 20233.95
Period EndedNet Worth
30 Nov 202454.38
31 Mar 202444.85
31 Mar 202335.93
Period EndedReserves and Surplus
30 Nov 202436.01
31 Mar 202442.27
31 Mar 202333.34
Period EndedTotal Borrowing
30 Nov 202443.14
31 Mar 202447.84
31 Mar 202349.45

IPO Reservation

Anchor Investor Shares Offered
-
Market Maker Shares Offered
4,45,200 (5%)
Other Shares Offered
42,27,000 (47.5%)
Retail Shares Offered
42,27,000 (47.5%)
Total Shares Offered
88,99,201 (100%)

Information about company

Incorporated in 1998, Ken Enterprises Limited is engaged in the business of textile manufacturing. The company manufactures fabrics for various purposes, including apparel, industrial, technical, shirtings, and home furnishings. The company is into manufacturing of greige fabrics. They utilize third-party manufacturing services for the production of greige fabric on a job-work basis, located in and around Ichalkaranji, Maharashtra, a key fabric weaving hub, to enhance their manufacturing capacity. The company’s business model focuses on quality and customer satisfaction, supplying regular and sustainable greige and finished fabrics on an order-to-order basis. The product range includes greige, dyed (supported by third parties), printed, and RFD/PFD fabrics. The company has two manufacturing units, both located in Shirol taluka near Ichalkaranji, covering a combined area of approximately 50,000 square feet and equipped with the necessary machinery. Product Portfolio: High Value Apparel Fabrics Voiles: for Ladies wear Light Canvas fabrics: For Shoe uppers, Bags, Cargo pants Organic and sustainable fabrics: For High-end apparel Bed Linen: For Home Textiles Shoe Canvases: For Shoes As of December 31, 2024, the company had 228 permanent employees. Competitive Strengths: Experienced Leadership Backed by a dedicated employee base Robust Financial Performance Asset light model Established Relationships with the clients Diverse product portfolio offering single point sourcing solution for customers In-house product development expertise Fast development and short delivery time

Objectives of IPO

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.

Disclaimer

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