Kenrik Industries Limited

Kenrik Industries Limited

SME BSE SME Fixed Price
Closed

Price Band

₹25

Total Issue

₹8.75 Cr

Bid Dates

29 Apr - 06 May

Subscription

-

Est. GMP

₹0 (0.00%)

Website RHP Check Allotment

Tentative Timetable

Open
Close
Allotment
Refunds
Credit
Listing

Business Overview

Incorporated on February 28, 2017, Kenrik Industries Private Limited is engaged in the manufacturing, wholesaling, and supply of plain and studded gold jewellery. Based in Ahmedabad, Gujarat, the company specializes in traditional Indian designs, offering a wide range of handmade jewellery including rings, earrings, bangles, necklaces, and bridal collections, often studded with diamonds, rubies, and other precious or semi-precious stones. Kenrik operates on a job-work basis, producing customized jewellery as per client requirements. While it sources gold and materials from multiple regular suppliers, the company avoids long-term contracts to remain flexible in a price-sensitive market.

Lot Info

Lot Information for Kenrik Industries IPO
Category Lots Shares Amount
Individual (Min) 1 6,000 ₹1,50,000
Individual (Max) 1 6,000 ₹1,50,000
Others (Min) 2 12,000 ₹3,00,000
Market Maker
1,80,000 Equity Shares
Employee
₹0.00
Shareholder
₹0.00

Issue Size

Total ₹8.75 Cr
Fresh Issue
₹8.75 Cr (0.35 Cr Shares)
Offer For Sale
₹0.00 (0.00 Shares)

Objects of the Issue

A1

₹B1 Cr

A2

₹B2 Cr

A3

₹B3 Cr

Grey Market Premium

GMP ₹0
Est. Price ₹25
Est. Gain 0.00%

Kenrik Industries IPO Peer Comparison

(Rs. in crores)

Kenrik Industries IPO Peer Comparison Table
Particulars Kenrik Industries Veerkrupa Jewellers Motisons Jewellers Khazanchi Jewellers
Revenue from Ops (in Crs.) 70.77 13.85 416.76 820.78
PAT (In Crs.) 1.08 0.24 32.23 27.32
EPS - Basic 1.18 0.31 4.30 11.01
Book Value per share 14.00 16.91 33.33 75.87
RONW 8.42% 1.83% 9.82% 14.55%
EBITDA 2.06% 2.18% 15.30% 5.09%
PAT Margin 1.53% 1.76% 7.73% 3.33%
Price to earning (PE) 20.66 4.06 38.68 28.15
Net Debt/EBITDA 0.53 6.36 1.71 1.31
  • All information pertains to FY 2023-24.
  • PE ratio is calculated using the Upper Price Band for the Issuer and for Peers based on information given in offer documents.

Financial Performance

(Rs. in crores)

Financial Performance Metrics for Kenrik Industries IPO
Particulars Oct-24 Mar-24 Mar-23 Mar-22
Revenue from Operations 42.18 70.77 51.88 32.59
Profit after Tax 0.78 1.08 0.47 0.38
Net Worth 13.37 12.59 11.50 11.03
Total Borrowing 0.99 0.78 0.57 0.35
Total Assets 15.98 15.80 15.59 12.47
NAV per share (in ₹) 14.85 13.98 12.78 12.25
EPS - Basic (in ₹) 1.49 1.21 0.53 0.51

KPIs

EBITDA

2.06%

PAT

1.53%

RoAE

9.01%

ROCE

10.85%

Net Debt/EBITDA

0.53

PE Ratio

20.66

PB Ratio

1.79

Mkt Cap (in Crs.)

31.24

  • All the data pertains to FY 2023-24.
  • PE, PB, and market capitalization are calculated based on the Upper Price Band.

Shareholding

Promoter

5.47%

Public

94.53%

Nitinkumar Shah 50.87%
Nihar Shah 32.85%
Manisha Shah 10.81%

Management

Nitinkumar Shah Managing Director
Nihar Shah Executive Director & CFO

Registrar & Lead Managers

Registrar

Skyline Financial Services

Skyline Financial Services

Lead Managers (1)

Turnaround Advisors Turnaround Advisors

Subscription Status

Updated as on -

BSE SME Subscription Status for Kenrik Industries IPO
Category Sub (x) Offered Bids

Subscription data excludes the Anchor Investor portion.

Frequently Asked Questions

What is Kenrik Industries IPO?
Kenrik Industries IPO is a SME IPO having an issue size of ₹8.75 Crs. Kenrik Industries IPO is priced at ₹25 - ₹25 per share. The issue opens on 29 Apr 25 and closes on 06 May 25.
When will Kenrik Industries IPO open?
Kenrik Industries IPO opens on 29 Apr 25 and closes on 06 May 25.
What is the GMP of Kenrik Industries IPO?
The estimated Grey Market Premium of Kenrik Industries IPO is ₹0 per share (0.00%).
What is the lot size of Kenrik Industries IPO?
The minimum lot size of Kenrik Industries IPO is 6000 shares & the minimum application amount is Rs. 150000.
When is the allotment of Kenrik Industries IPO?
The allotment date of Kenrik Industries IPO is 07 May 25.
What is the listing date of Kenrik Industries IPO?
The listing date of Kenrik Industries IPO is 09 May 25.
What is the subscription of Kenrik Industries IPO?
Kenrik Industries IPO is subscribed -.
What is the price band of Kenrik Industries IPO?
Kenrik Industries IPO is priced at ₹25 - ₹25 per share.
How to check allotment status of Kenrik Industries IPO?
Click the allotment link on Kenrik Industries IPO page of IPO360.
How to apply Kenrik Industries IPO in Zerodha?
  1. Go to Kite App → Tap on Bids → Tap on IPO
  2. Select the IPO → Tap on apply → Enter UPI ID
  3. Enter Qty and Price
  4. Submit the application
  5. Approve the UPI Mandate on your UPI app
How to apply Kenrik Industries IPO in Groww?
  1. Go to Groww App → Stocks Section → Select IPO option
  2. Select the IPO you want to apply
  3. Enter your bid details and price
  4. Enter UPI ID & submit
  5. Approve the UPI Mandate on your UPI app
How to apply Kenrik Industries IPO using ASBA?
  1. Log in to your bank's net banking portal.
  2. Navigate to the 'IPO' or 'ASBA' section.
  3. Select Kenrik Industries IPO from the list of available IPOs.
  4. Enter the required details: Bid quantity, Price, DP ID & Client ID, etc
  5. Submit the application.
  6. Money will remain blocked till the refund date