Kenrik Industries IPO Details
| IPO Open Date: | April 29, 2025 |
| IPO Close Date: | May 6, 2025 |
| Face Value: | ā¹10 Per Equity Share |
| IPO Price Band: | ā¹25 Per Share |
| Issue Size: | Approx ā¹8.75 Crores |
| Fresh Issue: | Approx ā¹8.75 Crores |
| Issue Type: | Fixed Price Issue |
| IPO Listing: | BSE SME |
| Retail Quota: | Not more than 50% |
| NII Quota: | Not more than 50% |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors List: | Click Here |
Kenrik Industries IPO Market Lot
The Kenrik Industries IPO minimum market lot is 6000 shares with ā¹1,50,000 application amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 6000 | ā¹1,50,000 |
| Retail Maximum | 1 | 6000 | ā¹1,50,000 |
| S-HNI Minimum | 2 | 12,000 | ā¹3,00,000 |
Kenrik Industries IPO Dates
The Kenrik Industries IPO date is April 29 and the close date is May 6. The Kenrik Industries IPO allotment will be finalized on May 7 and the IPO listing on May 9.
| IPO Open Date: | April 29, 2025 |
| IPO Close Date: | May 6, 2025 |
| Basis of Allotment: | May 7, 2025 |
| Refunds: | May 8, 2025 |
| Credit to Demat Account: | May 8, 2025 |
| IPO Listing Date: | May 9, 2025 |
Promoters of Kenrik Industries IPO
The promoters of the company are Nitinkumar Dalpatbhai Shah, Nihar Nitinbhai Shah, Manisha Nitinkumar Shah, Shah Nitin Dalpatlal (HUF).
About Kenrik Industries IPO
Founded on 28 February 2017, Kenrik Industries Limited is one of the well-known companies engaged in offering traditional handmade Indian jewellery. The company designs handmade gold jewellery covered with precious and semi-precious stones such as diamond, ruby, and cubic zirconia. Their product collection consists of rings, earrings, armlets, pendants, nose rings, bracelets, chains, necklaces, bangles, watches, luxury items, and other wedding jewellery. The company serves high-end, mid-market, and value market customers, making sure to provide jewelry that meets the specific requirements of the customers.
The company runs on a B2B model known to offer a wide range of jewelry and ornaments, with a main focus on its quality, purity, and customer trust, as all their products are BIS Hallmark-certified. Additionally, the company also offers Traditional Jewelry, Modern Designs, Custom-Made Pieces, Bridal Collections, and Men’s Jewelry. As of now, the company consists of a total of 9 employees.
Kenrik Industries IPO Company Financial Report
The company reported revenue of ā¹70.97 crores in 2024 against ā¹52.04 crore in 2023. The company reported profit of ā¹1.08 crores in 2024 against profit of ā¹0.47 crores in 2023.
Amount ā¹ in Crores
| Period Ended | Revenue | Expense | Profit After Tax | Assets |
| 2022 | ā¹32.69 | ā¹32.15 | ā¹0.39 | ā¹12.47 |
| 2023 | ā¹52.04 | ā¹51.37 | ā¹0.47 | ā¹15.59 |
| 2024 | ā¹70.97 | ā¹69.51 | ā¹1.08 | ā¹15.80 |
| October 2024 | ā¹42.19 | ā¹41.13 | ā¹0.78 | ā¹15.98 |
Kenrik Industries IPO Valuation – FY2024
Check Kenrik Industries IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| KPI | Values |
| ROE: | 9.01% |
| ROCE: | 10.85% |
| EBITDA Margin: | 2.06% |
| PAT Margin: | 1.53% |
| Debt to equity ratio: | 0.53 |
| Earning Per Share (EPS): | ā¹1.21 (Basic) |
| Price/Earning P/E Ratio: | 21.21 |
| Return on Net Worth (RoNW): | 8.62% |
| Net Asset Value (NAV): | ā¹13.98 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Veerkrupa Jewellers limited | 0.31 | 4.06 | 1.83% | NA | – Cr. |
| Motisons Jewellers Limited | 4.3 | 38.68 | 9.82% | NA | – Cr. |
| Khazanchi Jewellers Limited | 11.01 | 28.15 | 14.55% | NA | – Cr. |
Objects of the Issue
- To meet Working Capital Requirements
- General corporate purposes.
Kenrik Industries IPO Review
- IPO Watch – Avoid
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Kenrik Industries IPO Registrar
Skyline Financial Services Private Ltd
Phone: 02228511022
Email: [email protected]
Website: https://www.skylinerta.com/ipo.php
IPO Lead Managers aka Merchant Bankers
- Turnaround Corporate Advisors Private Limited
Company Address
Kenrik Industries Limited
B-306, East Face, Behind Maruti Suzuki Showroom,
Nr. S P Ring Road, Ambli Road, Ambli,
Daskroi
Phone: +91-9687141430
Email: [email protected]
Website: http://www.kenrikindustries.net/
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Note: The Kenrik Industries IPO price band and date are officially announced. The (Kenrik Industries IPO grey market premium) will be added to the IPO GMP page as it will start).
