Latest IPO in India: Kenrik Industries Ltd – Good Opportunity with ₹8.75 Cr Issue
Kenrik Industries Ltd has launched its Initial Public Offering (IPO), aiming to raise ₹8.75 crore through a fresh issue of 34.98 lakh equity shares. This IPO is gaining momentum among investors tracking the latest IPO in India.
Company Overview
Established in 2017, Kenrik Industries Ltd is engaged in the design, manufacturing, and distribution of traditional Indian jewellery. Its diverse offerings include rings, earrings, pendants, bangles, necklaces, watches, and bridal jewellery. The company’s Ahmedabad-based unit caters to high-end, mid-tier, and value segments, using BIS hallmark certified materials and precious stones like diamonds and rubies.
IPO Timeline
- IPO Opening Date: April 29, 2025
- IPO Closing Date: May 6, 2025
- Allotment Date: May 7, 2025
- Refund Initiation: May 8, 2025
- Shares Credited to Demat: May 8, 2025
- Listing Date: May 9, 2025
IPO Price Band
The IPO is being offered at a fixed price of ₹25 per equity share.
Lot Size
- Lot Size: 6,000 shares
- Minimum Investment: ₹150,000
- HNIs Minimum Investment: ₹300,000 (2 lots)
Key Dates
- IPO Open Date: April 29, 2025
- IPO Close Date: May 6, 2025
- Allotment Finalization: May 7, 2025
- Refund Initiation: May 8, 2025
- Shares Credited to Demat: May 8, 2025
- Listing Date: May 9, 2025
Financials
Financial Highlights (₹ in Crores):
| Particulars | FY22 | FY23 | FY24 |
|---|---|---|---|
| Revenue | 32.69 | 52.04 | 70.97 |
| Profit After Tax | 0.39 | 0.47 | 1.08 |
| Net Worth | 11.03 | 11.5 | 12.59 |
| Total Borrowing | 0.35 | 0.57 | 0.78 |
Strengths
- Diverse and culturally rich jewellery portfolio
- High product quality with BIS hallmark certification
- Strategically located manufacturing in Ahmedabad
- Strong promoter background with domain expertise
Risks
- Highly competitive jewellery market
- Fluctuations in gold and gemstone prices
- Relatively short operational history
IPO Anchor Investors Details
No anchor investors have been disclosed for this IPO as of now.
IPO Promoter Holding Details
| Shareholding Category | Pre-Issue Holding (%) | Post-Issue Holding (%) |
|---|---|---|
| Promoters | 99.99% | 72.01% |
| Public | 0.01% | 27.99% |
IPO Grey Market Premium (GMP)
| Date | GMP (₹) | IPO Price (₹) | Estimated Listing Price (₹) |
|---|---|---|---|
| April 30 | 0 | 25 | 25 |
Note: GMP may vary and is not an indicator of final listing price.
Final Thoughts
Kenrik Industries Ltd’s IPO offers exposure to the traditional jewellery market, which remains robust in India. With quality products and a growing customer base, the company shows promise. However, risks related to pricing, competition, and limited history should be weighed carefully. As always, consult your financial advisor before investing in any IPO.