Kenrik Industries IPO subscribed 2.00 times overall on the last day, a retail quota was subscribed over 3.79 times, NII was subscribed over 0.20 times, and QIB was subscribed over 0.00 times.
Kenrik Industries IPO details
Kenrik Industries IPO got approval from SEBI for an IPO of ₹16.63 crores. Kenrik Industries IPO consists of a fresh issue of ₹16.63 crores with a face value of ₹10 each. Further, it had a set price band between ₹25 per share.
In the Kenrik Industries IPO, 6000 shares were in a 1 lot size for the retail minimum and maximum categories.
Moreover, 12,000 shares were in 2 lot sizes for the S-HNI category.
To invest in the Kenrik Industries IPO, each investor category has specific investment amounts:
- Retail Investors: Minimum and maximum investment of ₹1,50,000.
- SHNI (S-HNI): Minimum investment of ₹3,00,000.
Kenrik Industries IPO’s Subscription Duration
Kenrik Industries’ IPO subscription started on April 29, 2025, and closed on May 6, 2025. The Kenrik Industries IPO allotment date was May 7, 2025, and they received a refund on May 8, 2025. The Kenrik Industries IPO listing is on May 9, 2025.
Kenrik Industries IPO’s Funds Deployment
- The proceeds raised from the fresh issue will be utilized to meet the working capital requirements.
- Lastly, the remaining funds will be used for the company’s General Corporate Purposes.
About Kenrik Industries IPO Company
Kenrik Industries Limited, incorporated on 28 February 2017, is one of the leading companies involved in the business of providing traditional handmade Indian Jewellery. The company specializes in handmade gold jewellery covered with precious and semi-precious stones such as diamond, ruby, and cubic zirconia. Their range of products includes rings, earrings, armlets, pendants, nose rings, bracelets, chains, necklaces, bangles, watches, luxury items, and other wedding jewellery. The company follows a B2B approach who are known to offer a diverse range of jewelry and ornaments, mainly focusing on its quality, purity, and customer trust. All their products are BIS Hallmark-certified as well, making them a trusted brand in the market. Moreover, the company is also known to provide 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 crores in 2023. The company reported a profit of ₹1.08 crores in 2024 against a profit of ₹0.47 crores in 2023.
