Ken Enterprises Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| NII (HNI) | — | 1,723,200 (19%) | — | ₹1,620 Cr |
| Retail | — | 6,730,800 (76%) | — | ₹6,327 Cr |
| Market Maker | — | 445,200 (5%) | — | ₹42 Cr |
| Σ Total | — | 8,899,200 (100%) | — | ₹83,652 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 1,200 | ₹112,800 |
| Retail (Max) | 13 | 15,600 | ₹1,466,400 |
| S-HNI (Min) | 14 | 16,800 | ₹1,579,200 |
| B-HNI (Min) | 67 | 80,400 | ₹7,557,600 |
Financial Statements Amount in ₹ Crores
| Metric | 30 Nov 2024 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Revenue | 333 | 409 | 375 |
| Profit After Tax | 10 | 9 | 4 |
| Net Worth | 54 | 45 | 36 |
| Total Assets | 266 | 242 | 195 |
| Reserves & Surplus | 36 | 42 | 33 |
| Total Borrowing | 43 | 48 | 49 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- Unidentified Acquisitions in India and abroad –
- Purchase of New Machinery –
- Capital Expenditure for renovation of both Manufacturing Facilities –
- To meet Working Capital Requirements –
Company Overview
Incorporated in 1998, Ken Enterprises Limited is engaged in the business of textile manufacturing.
The company manufactures fabrics for various purposes, including apparel, industrial, technical, shirtings, and home furnishings.
The company is into manufacturing of greige fabrics. They utilize third-party manufacturing services for the production of greige fabric on a job-work basis, located in and around Ichalkaranji, Maharashtra, a key fabric weaving hub, to enhance their manufacturing capacity.
The company’s business model focuses on quality and customer satisfaction, supplying regular and sustainable greige and finished fabrics on an order-to-order basis. The product range includes greige, dyed (supported by third parties), printed, and RFD/PFD fabrics.
The company has two manufacturing units, both located in Shirol taluka near Ichalkaranji, covering a combined area of approximately 50,000 square feet and equipped with the necessary machinery.
Product Portfolio:
- High Value Apparel Fabrics
- Voiles: for Ladies wear
- Light Canvas fabrics: For Shoe uppers, Bags, Cargo pants
- Organic and sustainable fabrics: For High-end apparel
- Bed Linen: For Home Textiles
- Shoe Canvases: For Shoes
As of December 31, 2024, the company had 228 permanent employees.
Competitive Strengths:
- Experienced Leadership Backed by a dedicated employee base
- Robust Financial Performance
- Asset light model
- Established Relationships with the clients
- Diverse product portfolio offering single point sourcing solution for customers
- In-house product development expertise
- Fast development and short delivery time