Kenrik Industries IPO Date, Review, Price, Allotment Details
Amaan Khan | April 25, 2025
Kenrik Industries is set to launch its Initial Public Offering (IPO), which will open on April 29, 2025, and close on May 6, 2025. This IPO is a Fixed Price Issue, with a price band of ₹25 per share. The company aims to raise approximately ₹8.75 crores through the IPO, which consists of a fresh issue of ₹8.75 crores and an offer for sale of equity shares, each with a face value of ₹10.
The IPO allocation is structured as follows: 50% for retail investors, 50% for High Net-worth Individuals (HNIs), and 0% for Qualified Institutional Buyers (QIBs). The allotment date is set for May 7, 2025, and Kenrik Industries shares are expected to list on the Bombay Stock Exchange (BSE) on May 9, 2025.
In terms of financials, Kenrik Industries has shown impressive growth. For the financial year 2024, the company reported a revenue of ₹70.97 crores, a significant increase from ₹52.04 crores in 2023. The company’s profit also rose to ₹1.08 crores in 2024, compared to ₹0.47 crores in 2023.
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IPO Details
![Kenrik Industries IPO open date is April 29, 2025 and the IPO will close on May 6, 2025. Kenrik Industries IPO is a Fixed Price Issue. The company to raise around ₹8.75 crores via IPO that comprises fresh issue of ₹8.75 crores and offer for sale up to [.] equity shares with face value of ₹10 each.](https://moneygrowths.com/wp-content/uploads/2025/04/kenrik-industries-with-canva.png)
| IPO Open Date: | 29-Apr-25 |
|---|---|
| IPO Close Date: | 6-May-25 |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹25 Per Share |
| Issue Size: | Approx ₹8.75 Crores |
| Fresh Issue: | Approx ₹8.75 Crores |
| Issue Type: | Fixed Price Issue |
| IPO Listing: | BSE SME |
| Retail Quota: | Not more than 50% |
| NII Quota: | Not more than 50% |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors List: | Click Here |
LOT SIZE
Important Dates
The Kenrik Industries IPO minimum market lot is 6000 shares with ₹1,50,000 application amount.
The Kenrik Industries IPO date is April 29 and the close date is May 6. The Kenrik Industries IPO allotment will be finalized on May 7 and the IPO listing on May 9.
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 6000 | ₹1,50,000 |
| Retail Maximum | 1 | 6000 | ₹1,50,000 |
| S-HNI Minimum | 2 | 12,000 | ₹3,00,000 |
| IPO Open Date: | 29-Apr-25 |
|---|---|
| IPO Close Date: | 6-May-25 |
| Basis of Allotment: | 7-May-25 |
| Refunds: | 8-May-25 |
| Credit to Demat Account: | 8-May-25 |
| IPO Listing Date: | 9-May-25 |
About Promoters & Company
Kenrik Industries Limited was founded by a group of dedicated promoters: Nitinkumar Dalpatbhai Shah, Nihar Nitinbhai Shah, Manisha Nitinkumar Shah, and Shah Nitin Dalpatlal (HUF). Their collective vision and expertise have helped shape the company into a trusted name in the jewelry industr
About Kenrik Industries
Founded on February 28, 2017, Kenrik Industries Limited is a well-established company specializing in traditional handmade Indian jewelry. The company designs exquisite handmade gold jewelry, featuring precious and semi-precious stones such as diamonds, rubies, and cubic zirconia.
Kenrik Industries offers a broad range of products, including rings, earrings, armlets, pendants, nose rings, bracelets, chains, necklaces, bangles, watches, and other luxury and wedding jewelry. Their products are crafted to cater to various customer segments—ranging from high-end to mid-market and value market buyers, ensuring that each piece fulfills the unique requirements of its owner.
The company operates on a B2B model and is recognized for its unwavering commitment to quality, purity, and customer trust. All of Kenrik Industries’ products are BIS Hallmark-certified, guaranteeing the highest standards. They also offer an array of collections, including traditional jewelry, modern designs, custom-made pieces, bridal collections, and men’s jewelry.
With a team of 9 employees, Kenrik Industries continues to thrive in the jewelry industry, delivering a mix of timeless elegance and contemporary styles for its diverse clientele.
Financial Report
Important Ratio
In 2024, the company recorded a revenue of ₹70.97 crore, up from ₹52.04 crore in 2023. Its profit for 2024 stood at ₹1.08 crore, compared to ₹0.47 crore in the previous year.
For investors evaluating the Kenrik Industries IPO, it’s important to consider key financial metrics that reflect the company’s valuation. These include its Earnings Per Share (EPS), Price-to-Earnings (P/E) ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV). These indicators offer insight into the company’s profitability, growth potential, and overall financial health ahead of its market debut.
| Period Ended | Revenue | Expense | Profit After Tax | Assets |
|---|---|---|---|---|
| 2022 | ₹32.69 | ₹32.15 | ₹0.39 | ₹12.47 |
| 2023 | ₹52.04 | ₹51.37 | ₹0.47 | ₹15.59 |
| 2024 | ₹70.97 | ₹69.51 | ₹1.08 | ₹15.80 |
| Oct-24 | ₹42.19 | ₹41.13 | ₹0.78 | ₹15.98 |
| KPI | Values |
|---|---|
| ROE: | 9.01% |
| ROCE: | 10.85% |
| EBITDA Margin: | 2.06% |
| PAT Margin: | 1.53% |
| Debt to equity ratio: | 0.53 |
| Earning Per Share (EPS): | ₹1.21 (Basic) |
| Price/Earning P/E Ratio: | 21.21 |
| Return on Net Worth (RoNW): | 8.62% |
| Net Asset Value (NAV): | ₹13.98 |
peer Group companies comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
|---|---|---|---|---|---|
| Veerkrupa Jewellers limited | 0.31 | 4.06 | 1.83% | NA | – Cr. |
| Motisons Jewellers Limited | 4.3 | 38.68 | 9.82% | NA | – Cr. |
| Khazanchi Jewellers Limited | 11.01 | 28.15 | 14.55% | NA | – Cr. |
4 Ojectives of (IPO)
- Business Expansion
- Working Capital Needs
- Market Reach and Branding
- Debt Reduction or General Corporate Purposes
Kenrik Industries IPO Registrar
Company Address
Skyline Financial Services Private Ltd
Phone: 02228511022
Email: ipo@skylinerta.com
Website: https://www.skylinerta.com/ipo.php
Kenrik Industries Limited
B-306, East Face, Behind Maruti Suzuki Showroom,
Nr. S P Ring Road, Ambli Road, Ambli,
Daskroi
Phone: +91-9687141430
Email: cs@kenrikindustries.net
Website: http://www.kenrikindustries.net/
Merchant Bankers
- Turnaround Corporate Advisors Private Limited