Kenrik Industries Ltd IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| NII (HNI) | — | 1,656,000 (47%) | — | ₹414 Cr |
| Retail | — | 1,662,000 (48%) | — | ₹416 Cr |
| Market Maker | — | 180,000 (5%) | — | ₹5 Cr |
| Σ Total | — | 3,498,000 (100%) | — | ₹8,745 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 | 6,000 | ₹150,000 |
| Retail (Max) | 13 | 78,000 | ₹1,950,000 |
| S-HNI (Min) | 14 | 84,000 | ₹2,100,000 |
| B-HNI (Min) | 67 | 402,000 | ₹10,050,000 |
Financial Statements Amount in ₹ Crore
| Metric | 31 Oct 2024 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Revenue | 42 | 71 | 52 |
| Profit After Tax | 1 | 1 | 0 |
| Net Worth | 13 | 13 | 12 |
| Total Assets | 16 | 16 | 16 |
| Total Borrowing | 1 | 1 | 1 |
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
- To meet Working Capital Requirements – 6.56
- General Corporate Expenses – 1.80
Company Overview
Incorporated in 2017, Kenrik Industries Limited is engaged in the design and distribution of traditional Indian jewellery. The company’s product range features handmade gold jewellery studded with precious and semi-precious stones, including diamonds, rubies, and cubic zirconia.
Kenrik Industries Limited offers an extensive portfolio that includes rings, earrings, armlets, pendants, nose rings, bracelets, chains, necklaces, bangles, watches, luxury items, and wedding jewellery. The products are crafted to meet specific customer requirements and are manufactured on a job-work basis at the company’s facility located in Ahmedabad, Gujarat.
Kenrik Industries Limited currently operates under a Business-to-Business (B2B) model, catering to customers across high-end, mid-market, and value market segments. The company places strong emphasis on quality control, inventory management, and business development, ensuring all jewellery is certified by BIS Hallmark.
As of July 31, 2024, Kenrik Industries Limited has a total of 9 employees across various departments.