Ken Enterprises Limited
Fixed Price Issue IPO · NSE
- Price band
- ₹94 - ₹94
- Lot size
- 1,200 shares
- Issue amount
- ₹83.65 cr
- Total subscription
- 4.36×
- Opens
- 5 Feb 2025
- Closes
- 7 Feb 2025
- Allotment
- 10 Feb 2025
- Listing
- 12 Feb 2025
Offer at a glance
Issue overview
- Issue size
- 88,99,200 shares
- Face value
- ₹10 Per Equity Share
- Minimum investment
- ₹1,12,800
- Fresh issue
- ₹58.27 cr
- Offer for sale
- ₹25.38 cr
- Registrar
- Skyline Financial Services Private Limited
- Listing exchange
- NSE
- Maximum investment
- ₹1,12,800
- Issue type
- Fixed Price Issue IPO
- Shares before issue
- 1,83,66,280
- Shares after issue
- 2,45,65,480
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 1,200 | ₹1,12,800 |
| sHNI | 2 | 2,400 | ₹2,25,600 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| QIB | — | 1 |
| NIB | — | 1,669 |
| RETAIL | — | 24,178 |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 0 | 4.41 |
| RETAIL | 39.73 | 272.73 |
Financial performance
Company financials
In Crores · Reported periods may include interim results.
Key performance indicators
| Metric | Nov-24 | Mar-24 | Mar-23 |
|---|---|---|---|
| EPS | 5.19 | 4.86 | 2.15 |
| ROE | 17.52 | 19.9 | 10.99 |
| ROCE | 40.24 | 51.52 | 32.58 |
| RONW | 17.52 | 19.9 | 10.99 |
| PRE IPO(PE) | 0 | 19.34 | 0 |
| POST IPO(PE) | 16.16 | 0 | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
Ken Enterprises Limited, founded in 1998, is a textile manufacturer specializing in greige fabrics used for clothing, industrial, and home furnishing applications. The company works on an order-to-order basis, offering both regular and sustainable fabrics in various finishes, including dyed (through third parties), printed, and RFD/PFD fabrics. To boost production, it partners with third-party manufacturers in and around Ichalkaranji, Maharashtra, a key fabric weaving hub. Ken Enterprises has two manufacturing units in Shirol taluka near Ichalkaranji, covering 50,000 square feet and equipped with modern textile machinery. As of December 31, 2024, the company employed 228 permanent workers, ensuring quality products and smooth operations.
Strengths
- Strong Leadership & Skilled Team: Guided by an experienced management team and backed by 228 dedicated employees, ensuring smooth operations and high-quality production.
- Steady Financial Growth: A reliable business model that generates consistent revenue through order-based supply of greige and finished fabrics.
- Smart & Flexible Operations: Follows an asset-light approach by using third-party manufacturing, keeping costs low while allowing for easy scaling and adaptability.
Risk factors
- Dependence on Third-Party Manufacturers: The company relies on outside manufacturers for production, which can lead to challenges like quality issues and delays in delivery.
- Regulatory & Compliance Risks: There have been some lapses in regulatory filings and payments, which could result in fines or other actions affecting the company’s finances.
- Negative Cash Flows: The company has experienced cash shortages in the past, which might continue and impact its ability to manage operations and expand.
Promoters
Mr. Nikunj Hariprasad Bagdiyaand
Mrs. Bina Hariprasad Bagdiya
Registrar & documents
Lead manager
Corporate Makers Capital Limited
Registrar & contacts
Skyline Financial Services Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
9/621, Industrial Estate Near Kalyan Kendra, Ichalkaranji, 416115
91-0230-2438538
[email protected]Company website ↗Understanding KEN IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.