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Kenrik Industries IPO: Things Smart Investors Need to Know

Kenrik Industries Limited, incorporated on 28th February 2017 as a private limited company under the Companies Act, 2013, operates in the traditional Indian jewellery segment. The company is involved in the manufacturing, wholesaling, and supply of plain and studded gold jewellery and ornaments. Its offerings include handmade jewellery embedded with precious and semi-precious stones like diamonds, rubies, and cubic zirconia. The product range comprises rings, earrings, armlets, pendants, nose rings, bracelets, chains, necklaces, bangles, watches, luxury accessories, and wedding jewellery, catering to varied customer preferences across high-end, mid-market, and value segments.

Operating under a Business-to-Business (B2B) model, Kenrik Industries Limited serves a broad network of clients with jewellery crafted on a job-work basis at its facility in Ahmedabad, Gujarat. The company maintains an operational focus on quality control and inventory management, with all products BIS Hallmark certified. As of July 31, 2024, the organisation employs nine individuals across departments.

For more details, visit the Kenrik Industries IPO page.

Kenrik Industries IPO Details and Objectives

Details

Information

IPO Date

April 29, 2025 to May 6, 2025

Issue Size

34,98,000 shares

(aggregating up to ₹8.75 Cr)

Price Band

₹25 per share

Lot Size

6000 shares

Listing At

BSE SME

Market Maker

Mnm Stock Broking Private Limited

Purpose of the IPO

  • Working Capital Requirement

  • General Corporate Expenses

Timeline of Kenrik Industries IPO

Event

Date

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

Pricing & Lot Size of Kenrik Industries IPO

Price Band for the IPO

  • ₹25 per share

Minimum Lot Size and Application Details

Application

Lots

Shares

Amount

Retail (Min)

1

6000

₹1,50,000

Retail (Max)

1

6000

₹1,50,000

HNI (Min)

2

12,000

₹3,00,000

How to Apply for the Kenrik Industries IPO?

Online Application Process

  • Log in to Your Trading Account
    Access your trading account through your broker’s platform.

  • Navigate to the IPO Section
    Go to the IPO section to view active IPO listings.

  • Select Kenrik Industries IPO
    Find "Kenrik Industries IPO" and click on the ‘Apply’ button.

  • Enter Application Details
    Specify the number of lots (minimum lot size: 6000 shares) and the bid price within the range of ₹25 per share.

  • Provide Your UPI ID
    Enter your UPI ID for payment authorization. Ensure that sufficient funds are available in your linked account.

  • Review and Submit
    Verify all the details entered before submitting the application. Approve the UPI mandate before 5 PM on May 6, 2025, to complete your application process.

Financial Health and Performance

Key Financial Metrics

  • Total Assets: Grew from ₹12.47 crore in FY22 to ₹15.98 crore as of October 2024.

  • Revenue: Reached ₹42.19 crore in FY24.

  • Profit After Tax (PAT): Stood at ₹0.78 crore for October 2024.

  • Net Worth: Increased from ₹11.03 crore in FY22 to ₹13.37 crore as of October 2024.

  • Total Borrowings: Stood at ₹0.99 crore in December 2024.

Recent Performance and Growth Prospects

  • The company has shown an upward trend in asset expansion over the reviewed period.

  • Revenue figures reflect continued business activity and operational momentum.

  • Profitability has been sustained, indicating a stable financial base.

  • Growth in net worth suggests retained earnings and capital strengthening over time.

  • Borrowings remain present, reflecting the company’s current financing strategy and capital structure.

Investment Risks and Opportunities

Potential Risks of Investing in the IPO

  • The company operates with a small team, which may influence its ability to scale operations or manage sudden shifts in demand effectively.

  • Its reliance on a Business-to-Business (B2B) model limits direct customer engagement, potentially affecting adaptability to evolving consumer preferences.

Opportunities and Growth Potential

  • The company’s focus on traditional Indian jewellery and BIS Hallmark certification aligns with consumer demand for authenticity and craftsmanship.

  • Use of IPO proceeds for working capital and corporate needs may support operational expansion and process improvements.

Key Performance Indicator (KPI)

KPI

Values

ROE

9.01%

ROCE

10.85%

Debt/Equity

0.06

RoNW

8.62%

PAT Margin

1.53

Kenrik Industries IPO Registrar & Lead Managers

Registrar

Lead Manager(s)

Skyline Financial Services Private Ltd

Turnaround Corporate Advisors Private Limited 

Company Address of Kenrik Industries Ltd

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/

Conclusion

Kenrik Industries Limited operates in the traditional Indian jewellery space, offering a diverse range of handcrafted and stone-studded products across various market segments. Its operations are based on a B2B model, with manufacturing carried out at its Ahmedabad facility. The company places emphasis on hallmark certification, quality control, and inventory management.

The IPO is intended to raise capital for working capital needs and general corporate purposes. Interested applicants can participate in the IPO during the specified window, following the outlined application process.

Interested in more opportunities? Check out our Upcoming IPO section for new listings, and don’t forget to check your IPO allotment status for Kenrik Industries IPO.

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