Kenrik Industries Limited
Fixed Price IPO · BSE
- Price band
- ₹25 - ₹25
- Lot size
- 6,000 shares
- Issue amount
- ₹8.75 cr
- Total subscription
- 2×
- Opens
- 29 Apr 2025
- Closes
- 6 May 2025
- Allotment
- 7 May 2025
- Listing
- 9 May 2025
Offer at a glance
Issue overview
- Issue size
- 34,98,000 shares
- Face value
- ₹10 per share
- Minimum investment
- ₹1,50,000
- Fresh issue
- ₹8.75 cr
- Offer for sale
- ₹0 cr
- Registrar
- Skyline Financial Services Private Limited
- Listing exchange
- BSE
- Maximum investment
- ₹1,50,000
- Issue type
- Fixed Price IPO
- Shares before issue
- 89,99,900
- Shares after issue
- 1,24,97,900
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 6,000 | ₹1,50,000 |
| HNI | 2 | 12,000 | ₹3,00,000 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| RETAIL | 4.16 | 0.54 |
Financial performance
Company financials
In Crores · Reported periods may include interim results.
Key performance indicators
| Metric | Oct-24 | Mar-24 | Mar-23 |
|---|---|---|---|
| EPS | 1.49 | 1.21 | 0.53 |
| ROE | 10.33 | 9.01 | 4.21 |
| ROCE | 12.51 | 10.85 | 5.39 |
| RONW | 10.03 | 8.62 | 4.13 |
| PRE IPO(PE) | 0 | 20.74 | 0 |
| POST IPO(PE) | 23.31 | 0 | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
Kenrik Industries Limited, incorporated in 2017, designs and distributes traditional handmade gold jewellery featuring diamonds, rubies, cubic zirconia, and other precious or semi-precious stones. Its product range includes rings, earrings, armlets, pendants, chains, bracelets, bangles, watches, luxury accessories, and specialized wedding jewellery. Operating under a pure B2B model, the company caters to high-end, mid-market, and value segments, while the actual manufacturing is executed on a job-work basis at its Ahmedabad facility. Focused heavily on quality control and inventory management, Kenrik ensures all products are BIS Hallmark certified. As of July 31, 2024, the company had a small team of 9 employees.
Strengths
- Established Track Record: Proven expertise in designing and distributing traditional Indian jewellery since 2017.
- Experienced Leadership: Strong guidance from seasoned promoters and a skilled management team.
- Efficient Workforce: Lean, motivated team ensuring quality control, timely delivery, and customer satisfaction.
Risk factors
- Geographic Concentration Risk: Heavy reliance on the Gujarat market makes the business vulnerable to regional disruptions.
- Quality & Reputation Risk: Customer complaints or quality issues could harm brand reputation and financial performance.
- Inventory Cost Risk: High inventory holding costs may negatively affect the company’s profitability and financial stability.
Promoters
Nitinkumar Dalpatbhai Shah
Nihar Nitinbhai Shah
Manisha Nitinkumar Shah
Shah Nitin Dalpatlal (HUF)
Registrar & documents
Lead manager
Turnaround Corporate Advisors Private Limited
Registrar & contacts
Skyline Financial Services Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
B-306, East Face, Behind Maruti Suzuki Showroom, Nr. S P Ring Road, Ambli Road, Ambli, Daskroi
+91-9687141430
[email protected]Company website ↗Understanding KENRIK 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.