Kenrik Industries IPO Subscribed 1.30x on Day 4

Kenrik Industries IPO subscribed over 1.30x on its Fourth day of subscription, wherein QIB subscribed 0x, NII subscribed 0.16x, and RII subscribed 2.43x.

Kenrik Industries IPO subscription started on Tuesday, April 29, 2025, and will close on May 6, 2025, as per the schedule. The price band is set at ₹25 per share with a face value of ₹10.

Kenrik Industries IPO Subscription Status

Kenrik Industries IPO subscribed over 1.30x on its Fourth day till 05.00 PM on 5th May 2025.

Kenrik Industries IPO subscription QIB investors portion is 0x times, while NII subscribed 0.16x times and RII investors subscribed 2.43x times.
The company has received bids for 43,08,000 shares against 33,18,000 shares on offer on the fourth day.
Kenrik Industries IPO subscribed over 1.30x on day 4.
Kenrik Industries IPO subscribed over 0.77x on day 3.
Kenrik Industries IPO subscribed over 0.49x on day 2.
Kenrik Industries IPO subscribed over 0.25x on day 1.

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 crores in 2023. The company reported a profit of ₹1.08 crores in 2024 against a profit of ₹0.47 crores in 2023.

Kenrik Industries IPO GMP:

Kenrik Industries’ IPO GMP was ₹0 as of Monday, 5th May. That indicates the IPO is trading at ₹25 with a ₹0 premium in the grey market against the issue price of ₹25.

Jagat Joshi

Founder of IPOWatch, brings nearly 15 years of experience in IPO analysis and market research. He provides complete coverage of upcoming IPOs, subscription trends, grey market premiums (GMP), and post-listing performance, along with easy-to-understand reviews, insights, and analysis. In his working journey, he has worked with various platforms and received expertise in stock market analysis and primary markets.

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Disclaimer: This content is provided strictly for educational and informational purposes. The securities or investments mentioned are not to be considered as investment advice or recommendations. The Investors are advised to do their own research or connect with a financial advisor before making any investment decisions.