Kenrick Industries IPO price has been fixed at Rs 8.75 crore. The issue is entirely a fresh issue of 34.98 lakh shares.
Kenrick Industries IPO bidding opened for subscription on April 29, 2025 and will close on May 6, 2025. Allotment for Kenrick Industries IPO is expected to be finalized on Wednesday, May 7, 2025. Kenrick Industries IPO will be listed on BSE SME with a tentative listing date fixed as Friday, May 9, 2025.
Kenrick Industries IPO price has been fixed at ₹25 per share. The minimum lot size for application is 6000. The minimum investment amount required by retail investors is ₹1,50,000. The minimum lot size for HNI investment is 2 lots (12,000 shares), amounting to ₹3,00,000.
Turnaround Corporate Advisors Pvt Ltd is the book-running lead manager of Kenrick Industries IPO, while Skyline Financial Services Pvt Ltd is the registrar to the issue. The market maker for Kenrick Industries IPO is MNM Stock Broking Pvt Ltd.
Kenrik Industries IPO Details ↴
| IPO Date | April 29, 2025 to May 6, 2025 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Issue Price | ₹25 per share |
| Lot Size | 6,000 Shares |
| Total Issue Size | 34,98,000 shares (aggregating up to ₹8.75 Cr) |
| Fresh Issue | 34,98,000 shares (aggregating up to ₹8.75 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 89,99,900 shares |
| Share Holding Post Issue | 1,24,97,900 shares |
| Market Maker Portion | 1,80,000 shares Mnm Stock Broking Private Limited |
Kenrik Industries IPO Timeline ↴
| IPO Open Date | Tue, Apr 29, 2025 |
| IPO Close Date | Tue, May 6, 2025 |
| Tentative Allotment | Wed, May 7, 2025 |
| Initiation of Refunds | Thu, May 8, 2025 |
| Credit of Shares to Demat | Thu, May 8, 2025 |
| Tentative Listing Date | Fri, May 9, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on May 6, 2025 |
Kenrik Industries IPO Reservation
Kenrik Industries IPO offers total 34,98,000 shares. Out of which 16,56,000 (47.34%) allocated to NII, 16,62,000 (47.51%) allocated to RII.
Kenrik Industries IPO Lot Size
Investors can bid for a minimum of 6000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.
Kenrik Industries Limited Financial Information (Restated) ↴
| Period Ended | 31 Oct 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 15.98 | 15.8 | 15.59 | 12.47 |
| Revenue | 42.19 | 70.97 | 52.04 | 32.69 |
| Profit After Tax | 0.78 | 1.08 | 0.47 | 0.39 |
| Net Worth | 13.37 | 12.59 | 11.5 | 11.03 |
| Total Borrowing | 0.99 | 0.78 | 0.57 | 0.35 |
| Amount in ₹ Crore | ||||
Key Performance Indicator (KPI) ↴
| KPI | Values |
|---|---|
| ROE | 9.01% |
| ROCE | 10.85% |
| Debt/Equity | 0.06 |
| RoNW | 8.62% |
| PAT Margin | 1.53 |
About Kenrik Industries Limited
Incorporated in 2017, Kenrik Industries Limited is engaged in the design and distribution of traditional Indian jewellery. The company’s product range features handmade gold jewellery studded with precious and semi-precious stones, including diamonds, rubies, and cubic zirconia.
Kenrik Industries Limited offers an extensive portfolio that includes rings, earrings, armlets, pendants, nose rings, bracelets, chains, necklaces, bangles, watches, luxury items, and wedding jewellery. The products are crafted to meet specific customer requirements and are manufactured on a job-work basis at the company’s facility located in Ahmedabad, Gujarat.
Kenrik Industries Limited currently operates under a Business-to-Business (B2B) model, catering to customers across high-end, mid-market, and value market segments. The company places strong emphasis on quality control, inventory management, and business development, ensuring all jewellery is certified by BIS Hallmark.
As of July 31, 2024, Kenrik Industries Limited has a total of 9 employees across various departments.
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