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 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 |
Market Maker
1
Non-Institutional Buyers***
1.75
Retail Investors
6.86
Total **
4.36
Day Wise Sub
| Day | NII* | Retail | Total |
|---|---|---|---|
| Day 1 Feb 5, 2025 | 0.77 | 3.25 | 2.01 |
| Day 2 Feb 6, 2025 | 1.32 | 6.08 | 3.7 |
| Day 3 Feb 7, 2025 | 1.75 | 6.86 | 4.36 |
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
| Date | Price | GMP | Estimate List Price |
|---|---|---|---|
| 12-02-2025 | 94.00 | 5(5.32%) | 99 |
| 11-02-2025 | 94.00 | 5(5.32%) | 99 |
| 10-02-2025 | 94.00 | 5(5.32%) | 99 |
| 09-02-2025 | 94.00 | 5(5.32%) | 99 |
| 08-02-2025 | 94.00 | 5(5.32%) | 99 |
| 07-02-2025 | 94.00 | 5(5.32%) | 99 |
| 06-02-2025 | 94.00 | 5(5.32%) | 99 |
| 05-02-2025 | 94.00 | 25(26.60%) | 119 |
| 04-02-2025 | 94.00 | 36(38.30%) | 130 |
| 03-02-2025 | 94.00 | 0(0.00%) | 94 |
| 02-02-2025 | 94.00 | 0(0.00%) | 94 |
| 01-02-2025 | 94.00 | 0(0.00%) | 94 |
| 31-01-2025 | 94.00 | 0(0.00%) | 94 |
| 30-01-2025 | 94.00 | 0(0.00%) | 94 |
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 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
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹1,12,800 |
| Retail (Max) | 1 | 1200 | ₹1,12,800 |
| HNI (Min) | 2 | 2,400 | ₹2,25,600 |
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 Ended | 30 Nov 2024 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Period Ended | 30 Nov 2024 | 31 Mar 2024 | 31 Mar 2023 |
| Assets | 266.3 | 242.15 | 195.16 |
| Revenue | 332.85 | 409.13 | 375.23 |
| Profit After Tax | 9.53 | 8.93 | 3.95 |
| Net Worth | 54.38 | 44.85 | 35.93 |
| Reserves and Surplus | 36.01 | 42.27 | 33.34 |
| Total Borrowing | 43.14 | 47.84 | 49.45 |
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%) |
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
All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decisions.
We are not a SEBI Registered analyst. Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on Information published on this application.
No financial information whatsoever published anywhere, within this application, should be considered as advice to buy or sell securities or invest in IPOs, or as a guide to doing so in any way whatsoever
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