Who is the CEO of Kenrik Industries Ltd?
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The official details regarding the CEO of Kenrik Industries Ltd Nitinkumar Dalpatbhai Shah.
BAJAJ BROKING
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.
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
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 |
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 |
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.
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.
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.
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 |
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/
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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The official details regarding the CEO of Kenrik Industries Ltd Nitinkumar Dalpatbhai Shah.
The Kenrik Industries IPO will open for subscription on April 29, 2025, and close on May 6, 2025.
Kenrik Industries Ltd is engaged in the manufacturing, wholesaling, and supply of plain and studded gold jewellery and ornaments. It operates under a B2B model, serving a wide client base. Sustainability depends on factors like industry demand, operational efficiency, and adaptability to market changes.
The issue size is 34,98,000 shares, aggregating up to ₹8.75 crore.
'Pre-apply' allows investors to place their IPO applications in advance before the official opening date, ensuring timely submission once the IPO opens.
You will receive a confirmation once your UPI mandate is approved and your application is successfully submitted. This generally happens on the same day if the UPI is approved before the cut-off time.
The lot size is 6,000 shares, and the minimum order quantity is one lot, which amounts to ₹1,50,000.
The tentative allotment date is May 7, 2025.
The registrar for this IPO is Skyline Financial Services Private Ltd.
Based on the publicly available information, there are no reported governance issues or red flags in the company’s leadership or board structure.
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