Kenrik Industries IPO Details
| IPO Open Date: | April 29, 2025 |
| IPO Close Date: | May 6, 2025 |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹25 Per Share |
| Issue Size: | Approx ₹8.75 Crores |
| Fresh Issue: | Approx ₹8.75 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 ₹1,50,000 application amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 6000 | ₹1,50,000 |
| Retail Maximum | 1 | 6000 | ₹1,50,000 |
| S-HNI Minimum | 2 | 12,000 | ₹3,00,000 |
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 ₹70.97 crores in 2024 against ₹52.04 crore in 2023. The company reported profit of ₹1.08 crores in 2024 against profit of ₹0.47 crores in 2023.
Amount ₹ in Crores
| Period Ended | Revenue | Expense | Profit After Tax | Assets |
| 2022 | ₹32.69 | ₹32.15 | ₹0.39 | ₹12.47 |
| 2023 | ₹52.04 | ₹51.37 | ₹0.47 | ₹15.59 |
| 2024 | ₹70.97 | ₹69.51 | ₹1.08 | ₹15.80 |
| October 2024 | ₹42.19 | ₹41.13 | ₹0.78 | ₹15.98 |
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): | ₹1.21 (Basic) |
| Price/Earning P/E Ratio: | 21.21 |
| Return on Net Worth (RoNW): | 8.62% |
| Net Asset Value (NAV): | ₹13.98 |
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).
