Allotment

Ken Enterprises is launching a fixed price IPO of ₹83.65 crore, comprising a fresh issue of 0.62 crore shares worth ₹58.27 crore and an offer for sale of 0.27 crore shares worth ₹25.38 crore. The proceeds from the fresh issue will go to the company, while the offer for sale proceeds will be received by the selling shareholders.
Issue Details
The IPO price is set at ₹94 per share. The lot size for an application is 1,200 shares, and investors can bid for a minimum of 1,200 shares and in multiples thereof. Retail investors can invest a minimum of ₹1,12,800, while High Net Worth Individuals (HNIs) must invest in 2 lots (2,400 shares) totaling ₹2,25,600.
Timeline
The IPO opened on February 5, 2025, and closed on February 7, 2025. The allotment was finalized on February 10, 2025, and the shares were subsequently listed on NSE SME on February 12, 2025.
Key Participants
Corporate Makers Capital Ltd. acted as the Book Running Lead Manager, Skyline Financial Services Pvt. Ltd. is the Registrar of the Issue, and Giriraj Stock Broking Pvt. Ltd. serves as the Market Maker, ensuring liquidity and smooth trading post-listing.
₹940%
Open
HIgh - Low
Previous Close
Total Traded Value
52 Weeks High
52 Weeks Low
Updates On
IPO. Open
IPO. Close
IPO. Price
IPO Market price
| IPO Date | 12 Feb |
| IPO Listing Date | 12 Feb |
| IPO Face Value | ₹10 per share |
| IPO Price Range | ₹94.00 |
| IPO Issue Size | 88,99,200 shares |
| IPO Sale Type | Fresh Capital & OFS |
| Employee Discount | - |
| IPO Issue Type | Fixed Price IPO |
| IPO Listing | NSE SME Platform |
| hare Holding Pre Issue | 1,83,66,280 shares |
| IPO Open Date | 5 Feb |
| IPO Close Date | 7 Feb |
| IPO Allotment (Tentative) | 10 Feb |
| Refunds | 11 Feb |
| Credit to Demat Account | 11 Feb |
| IPO Listing Date | 12 Feb |
| Category | Offer |
|---|---|
| QIB Shares Offered | - |
| NII (HNI) Shares Offered | 17,23,200 (19.36%) Shares |
| Retail Shares Offered | 67,30,800 Shares |
Investors may apply for a minimum of 1,200 shares, with additional bids allowed in multiples of 1,200 shares.
| Application | Lots | Share | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,200 | ₹1,12,800 |
| Retail (Max) | 1 | 1,200 | ₹1,12,800 |
| S-HNI (Min) | 2 | 2,400 | ₹2,25,600 |
| S-HNI (Max) | - | - | - |
| B-HNI (Min) | - | - | - |
Incorporated in 1998, Ken Enterprises Limited is a textile manufacturing company specializing in fabrics for apparel, industrial, technical, shirtings, and home furnishings. The company focuses on producing high-quality greige fabrics and finished textiles, emphasizing customer satisfaction and sustainable production.
Operations and Manufacturing
Ken Enterprises operates two manufacturing units in Shirol taluka, near Ichalkaranji, Maharashtra, covering a combined area of approximately 50,000 sq. ft. The company leverages third-party manufacturing services for greige fabrics on a job-work basis, enhancing capacity while maintaining flexibility and efficiency in production. Its business model ensures order-to-order supply of regular and sustainable fabrics, including greige, dyed (via third-party support), printed, and RFD/PFD fabrics.
Product Portfolio
The company offers a diverse range of products, including:
High-Value Apparel Fabrics
Voiles for ladieswear
Light Canvas Fabrics for shoes, bags, and cargo pants
Organic and Sustainable Fabrics for premium apparel
Bed Linen for home textiles
Shoe Canvases for footwear manufacturing
Workforce and Competitive Strengths
As of December 31, 2024, Ken Enterprises employed 228 permanent staff members. Its competitive strengths include an experienced leadership team, a robust financial performance, an asset-light manufacturing model, established client relationships, a diverse product portfolio offering single-point sourcing solutions, in-house product development expertise, and the ability to achieve fast product development and short delivery times.
| Assets | 266.3 | 242.15 | 195.16 |
| Total Income | 332.85 | 409.13 | 375.23 |
| Profit After Tax | 9.53 | 8.93 | 3.95 |
| EBITDA | - | - | - |
| NET Worth | 54.38 | 44.85 | 35.93 |
| Reserves and Surplus | 36.01 | 42.27 | 33.34 |
| Total Borrowing | 43.14 | 47.84 | 49.45 |
| ROE | 19.90% |
| ROCE | 51.52% |
| Debt/Equity | 0.09 |
| RoNW | 19.90% |
| PAT Margin | 2.22% |
| EBITDA Margin | - |
| Price to Book Value | 3.85 |
IPO Objects of the Issue
| S.No. | Objects of the ipo Resources Detail | IPO Amount |
|---|---|---|
| 1 | Funding capital expenditure requirements for the purchase of equipment/machineries | 0 |
| 2 | To meet out the expenses of Working Capital Requirement | 0 |
| 3 | To meet out the General Corporate Purposes; | 0 |
| 4 | Offer for Sale (OFS) | - |
Ken Enterprises Ltd. Address
9/621,
Industrial Estate,
Near Kalyan Kendra
Ichalkaranji, Maharashtra, 416115
91-0230-2438538
cs@kenindia.in
http://www.kenindia.in/
IPO Registrar
Skyline Financial Services Pvt.Ltd.
02228511022
ipo@skylinerta.com
https://www.skylinerta.com/ipo.php