Ken Enterprises IPO subscribed overall 4.36 times on the last day, while A retail quota subscribed 6.86 times, QIB quota subscribed 0 times, and NII quota subscribed 1.75 times respectively.
Details About Ken Enterprises
Ken Enterprises got approval from SEBI for an IPO of ₹83.65 crores via IPO that comprises a fresh issue of ₹58.27 crores and OFS considered 27,00,000 equity shares. The face value of each share was Rs 10. Moreover, the company has set up a price band between ₹94 per share.
In this IPO total of 1,200 shares were available in 1 lot size for the minimum Retail category and for the maximum retail category 1,200 shares in 1 lot size, while HNI total of 2,400 shares in 2 lot size.
To invest in this IPO, each investor category has specific investment amounts:
- Retail Investors: Minimum investment of ₹1,12,800 and maximum investment of ₹1,12,800.
- Small HNI (S-HNI): Minimum investment of ₹2,25,600.
Ken Enterprises IPO Subscription
The opening date of the Ken Enterprises IPO subscription was February 5, 2025, and the closing date was February 7, 2025. The Ken Enterprises Services IPO allotment was finalized on February 10, 2025, and the IPO listing is on February 12, 2025.
Ken Enterprises Funds Deployment
The company plans to use the money raised from the new shares for the following purposes:
- Unspecified Acquisitions in India and internationally;
- Acquisition of New Equipment;
- Capital Investment for the refurbishment of both Production Facilities;
- To address Working Capital Needs.
About Ken Enterprises IPO
Ken Enterprises is one of the leading firms in terms of supplying regular strong and sustainable greige and finished fabrics based on order.it has a connection nationally and internationally.
Further, the product range includes greige, dyed (supported by third parties), printed, and RFD/PFD fabrics. The company has also developed solid relationships with major global brands like ZARA, Target, and Primark.
The company operates two manufacturing facilities, both situated in Shirol taluka, close to Ichalkaranji. Together, they span around 50,000 square feet and are fully equipped with the required machinery.
Ken Enterprises IPO Financial Background
Ken Enterprises’ revenue portion was ₹402.21 crore in 2024, which was higher than 2023 ₹363.96 crore. Moreover, PAT was ₹8.93 crores in 2024 against a profit of ₹3.95 crores in 2023.
