Kenrik Industries Limited
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.
Price Band₹25 |
Dates29 Apr - 06 May |
GMP₹0 (0.00%) |
Subscriptions- |
Issue Size₹8.75 Crs |
Kenrik Industries IPO Objects
- Meet working capital requirements
- General Corporate purposes
Kenrik Industries IPO Details
Price Band₹25 |
Listing AtBSE SME |
IPO Issue TypeFixed Price |
Fresh Issue₹8.75 Cr (0.35 Cr Shares) |
Offer For Sale₹0.00 (0.00 Shares) |
Total Issue₹8.75 Cr (0.35 Cr Shares) |
Face Value₹10 per equity share |
Kenrik Industries IPO Lot Information
| Investor Category | Lot | Shares | Amount | |
|---|---|---|---|---|
| Retail |
Minimum
1
6,000
1,50,000
Maximum
1
6,000
1,50,000
|
|||
| NII |
Minimum
2
12,000
3,00,000
|
|||
Kenrik Industries IPO Subscription
-
| Investor Category | Subscription (times) | Shares Offered | Shared Bid |
|---|---|---|---|
| Total | - | 0 | 0 |
Subscription data excludes the Anchor Investor portion.
Kenrik Industries IPO GMP
The estimated Grey Market Premium of Kenrik Industries IPO is ₹0 per share (0.00%)
Disclaimer: The GMP prices displayed here reflect news related to grey market trends. We do not trade or deal in the grey market, including subject-to-rates, nor do we recommend participating in grey market trading.
Category Allocation
| Particulars | Allocation |
|---|---|
| QIB | 0 |
| NII | Not more than 50% of net offer |
| Retail | Not less than 50% of net offer |
| Market Maker | 1,80,000 Equity Shares |
Kenrik Industries IPO Financials
| 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 |
The financial information presented is on a consolidated basis.
Key Performance Indicators
| KPI | Values |
|---|---|
| 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.
Kenrik Industries IPO Peer Comparision
| 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.
Kenrik Industries IPO Peer Comparision
| Particulars | Kenrik Industries |
|---|---|
| Revenue from Ops (in Crs.) | 70.77 |
| PAT (In Crs.) | 1.08 |
| EPS - Basic | 1.18 |
| Book Value per share | 14.00 |
| RONW | 8.42% |
| EBITDA | 2.06% |
| PAT Margin | 1.53% |
| Price to earning (PE) | 20.66 |
| Net Debt/EBITDA | 0.53 |
| Veerkrupa Jewellers | Motisons Jewellers | Khazanchi Jewellers |
|---|---|---|
| 13.85 | 416.76 | 820.78 |
| 0.24 | 32.23 | 27.32 |
| 0.31 | 4.30 | 11.01 |
| 16.91 | 33.33 | 75.87 |
| 1.83% | 9.82% | 14.55% |
| 2.18% | 15.30% | 5.09% |
| 1.76% | 7.73% | 3.33% |
| 4.06 | 38.68 | 28.15 |
| 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.
Promoter Details
| Name | Shareholding |
|---|---|
| Nitinkumar Shah | 50.87% |
| Nihar Shah | 32.85% |
| Manisha Shah | 10.81% |
| Shah Nitin (HUF) | 5.47% |
Management Details
| Name | Designation |
|---|---|
| Nitinkumar Shah | Managing Director |
| Nihar Shah | Executive Director & CFO |
Company Details
Name: Kenrik Industries Limited
Address: B-306, East Face, Behind Maruti Suzuki
Showroom, Nr. S P Ring Road, Ambli Road,
Ambli, Daskroi, Ahmedabad, Gujarat – 380058
Number: +91-8460085869
Email: cs@kenrikindustries.net
Website: www.kenrikindustries.net
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Visit WebsiteFrequently Asked questions?
Find answers to common questions that come in your mind related to IPO.
Kenrik Industries IPO is a SME IPO having an issue size of Rs. ₹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.
Kenrik Industries IPO opens on 29 Apr 25 and closes on 06 May 25.
The estimated Grey Market Premium of Kenrik Industries IPO is ₹0 per share (0.00%).
The minimum lot size of Kenrik Industries IPO is 6000 shares & the minimum application amount is Rs. 150000.
The allotment date of Kenrik Industries IPO is 07 May 25.
The listing date of Kenrik Industries IPO is 09 May 25.
Kenrik Industries IPO is subscribed -.
Kenrik Industries IPO is priced at ₹25 - ₹25 per share.
Click the allotment link on Kenrik Industries IPO page of IPO360.
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