Ken Enterprises IPO
- IPO Date05 Feb, 2025 to 07 Feb, 2025
- Listing Date12 Feb, 2025
- Face Value₹10 per share
- Issue Price-
- Lot Size1200 Shares
- Minimum Investment₹0
- Listing AtNSE SME
- Total Issue Size88,99,200 Shares
- Fresh Issue61,99,200 Shares
- Offer for Sale27,00,000 Shares
- Issue TypeFixed Price Issue IPO
- Share holding pre issue1,83,66,280
- Shareholding post issue2,45,65,480
IPO Dates
Closing Date
07 Feb, 2025
Initiation of Refunds
11 Feb, 2025
Listing Date
12 Feb, 2025
05 Feb, 2025
Opening Date
10 Feb, 2025
Basis of Allotment
11 Feb, 2025
Credit of Shares
Ken Enterprises Lot Size
Investors can bid for a minimum of 1200 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| S-HNI (Max) | - | - | - |
| Retail (Max) | 1 | 1200 | ₹1,12,800 |
| S-HNI (Min) | 2 | 2400 | ₹2,25,600 |
| Retail (Min) | 1 | 1200 | ₹1,12,800 |
| B-HNI (Min) | - | - | - |
Ken Enterprises Promoter Holding
Mr. Nikunj Hariprasad Bagdiyaand, Mrs. Bina Hariprasad Bagdiya are the promoters of the company.
| Pre Issue Share Holding | Post Issue Share Holding |
|---|---|
| 81.21% | 49.72% |
Ken Enterprises COMPANY INFORMATION
Ken Enterprises IPO is a fixed price issue of Rs 83.65 crores. The issue is a combination of fresh issue of 61.99 lakh shares aggregating to Rs 58.27 crores and offer for sale of 27.00 lakh shares aggregating to Rs 25.38 crores. Ken Enterprises IPO opens for subscription on February 5, 2025 and closes on February 7, 2025. The allotment for the Ken Enterprises IPO is expected to be finalized on Monday, February 10, 2025. Ken Enterprises IPO will list on NSE SME with tentative listing date fixed as Wednesday, February 12, 2025. Ken Enterprises IPO price is ₹ 94 per share. The minimum lot size for an application is 1200. The minimum amount of investment required by retail investors is ₹1,12,800. The minimum lot size investment for HNI is 2 lots (2,400 shares) amounting to ₹2,25,600. Corporate Makers Capital Ltd. is the book running lead manager of the Ken Enterprises IPO, while Skyline Financial Services Private Ltd is the registrar for the issue.The market maker for Ken Enterprises IPO is Giriraj Stock Broking Private Limited. Refer to Ken Enterprises IPO RHP for detailed information.
Incorporated in 1998, Ken Enterprises Limited is engaged in the business of textile manufacturing.
The company manufactures fabrics for various purposes, including apparel, industrial, technical, shirtings, and home furnishings.
The company is into manufacturing of greige fabrics. They utilize third-party manufacturing services for the production of greige fabric on a job-work basis, located in and around Ichalkaranji, Maharashtra, a key fabric weaving hub, to enhance their manufacturing capacity.
The company’s business model focuses on quality and customer satisfaction, supplying regular and sustainable greige and finished fabrics on an order-to-order basis. The product range includes greige, dyed (supported by third parties), printed, and RFD/PFD fabrics.
The company has two manufacturing units, both located in Shirol taluka near Ichalkaranji, covering a combined area of approximately 50,000 square feet and equipped with the necessary machinery.
Product Portfolio:
- High Value Apparel Fabrics
- Voiles: for Ladies wear
- Light Canvas fabrics: For Shoe uppers, Bags, Cargo pants
- Organic and sustainable fabrics: For High-end apparel
- Bed Linen: For Home Textiles
- Shoe Canvases: For Shoes
As of December 31, 2024, the company had 228 permanent employees.
Competitive Strengths:
- Experienced Leadership Backed by a dedicated employee base
- Robust Financial Performance
- Asset light model
- Established Relationships with the clients
- Diverse product portfolio offering single point sourcing solution for customers
- In-house product development expertise
- Fast development and short delivery time
Ken Enterprises IPO
IPO Overview and Key Highlights
Ken Enterprises, a Maharashtra-based textile company, is launching its Initial Public Offering (IPO). The IPO consists of a fresh issue of 61,99,200 equity shares and an Offer for Sale (OFS) of 27,00,000 equity shares, bringing the total issue size to 88,99,200 equity shares with a face value of ₹10 each. The funds will be used for business expansion, working capital requirements, and general corporate purposes. Shares will be listed on the Emerge Platform of NSE.
Key IPO Details
- Type of Issue: Fixed Price Issue
- Total Issue Size: 88,99,200 equity shares
- Face Value: ₹10 per share
- Offer Price: ₹94 per share
- Offer Opens: February 5, 2025
- Offer Closes: February 7, 2025
- Listing Exchange: NSE Emerge
Company Overview
Originally incorporated as Ken Textiles Private Limited in 1998, the company has undergone multiple name changes, eventually becoming Ken Enterprises. It specializes in the manufacturing and trading of textiles, serving both domestic and international markets. Promoters include Nikunj Hariprasad Bagdiya and Bina Hariprasad Bagdiya, who have extensive experience in the textile industry.
Financial Overview
Ken Enterprises has demonstrated stable revenue growth, leveraging its extensive industry experience and strong supplier network. The IPO proceeds will be used to enhance production capacity, introduce new product lines, and strengthen financial stability.
Key Strengths of Ken Enterprises
- Established Industry Presence: Over two decades of experience in the textile sector.
- Strong Promoter Backing: Experienced leadership in textile manufacturing and trading.
- Expanding Market Reach: Plans to enhance both domestic and export operations.
IPO Pros and Cons
Pros
- Growing Textile Industry: Positioned in a sector with strong domestic and export demand.
- Proceeds Utilization: Funds directed towards business expansion and working capital.
- Established Brand Presence: Strong reputation in Maharashtra and beyond.
Cons
- Market Dependency: Revenue tied to textile industry trends and economic cycles.
- Competitive Landscape: Faces competition from both domestic and global players.
- Raw Material Costs: Fluctuations in raw material prices may impact profitability.
Risk Factors
Investors should assess the following risks:
- Economic Sensitivity: Revenue linked to demand in the textile and apparel sector.
- Operational Challenges: Scaling operations while maintaining quality and efficiency.
- Regulatory Compliance: Adherence to textile industry standards and export regulations.
Conclusion
The Ken Enterprises IPO presents an opportunity to invest in an established textile manufacturer with a strong industry presence. With experienced promoters and a well-defined growth strategy, the company is poised for expansion. However, investors should consider factors like market dependency, competition, and raw material costs before making an investment decision.
FAQs About Ken Enterprises Ipo
Ken Enterprises IPO will open on 05 Feb, 2025 and close on 07 Feb, 2025. Investors must apply within this period to participate.
The Ken Enterprises IPO price band is set between ₹94.00 and ₹0.00 per share. The minimum lot size is 1200, requiring an investment of at least ₹0.00.
The Ken Enterprises IPO shares are expected to be listed on 12 Feb, 2025, subject to regulatory approvals and final allotment.
You can track your Ken Enterprises IPO application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The Ken Enterprises IPO will be listed on major stock exchanges such as BSE, where you can trade shares once they are listed.