Ken Enterprises IPO Review, Price, Date & GMP Details

Ken Enterprises IPO-Complete Overview

Ken Enterprises IPO under the SME IPO category is a fixed price issue of Rs.83.65 Cr (88,99,200 Shares) by Ken Enterprises Limited, which was incorporated in 1998. 

The company manufactures different types of fabrics, such as technical fabrics, industrial, shirtings, home furnishing fabrics, etc. They integrate the use of third-party manufacturers for the greige fabric production processes on a job-work basis via agencies situated in and around Ichalkaranji, Maharashtra, which is a leading center for fabric weaving, ensuring increased production capacity.

The company works based on quality and customer satisfaction to supply regular and sustainable greige as well as finished fabrics on an order to order basis. The products include greige, dyed (with third-party support), printed, and RFD/PFD fabrics.

The company has two manufacturing units, both located in Shirol taluka near Ichalkaranji, occupying approx. 50,000 square feet and equipped with required machinery.

Product Range:

• High-value apparel fabrics

• Voiles: for ladies' wear

• Light canvas fabrics: for shoe uppers, bags, cargo pants

• Organic and sustainable textiles: for high-end apparel

• Bed linen: for home textile

• Shoe canvases: for shoes.

Ken Enterprises IPO Overview

This Ken Enterprises IPO date is 05 February 2025, and its ‘initial public offering’ will end on 07 February 2025.    

This Rs.83.65 crore new SME IPO comprises a combination of a fresh issue of 61.99 lac shares (Rs.58.27 Cr) and an offer for sale of (OFS) of 27 lac Shares (Rs.25.38 Cr). 

This upcoming IPO date is on 05 Feb 2025. The Ken Enterprises IPO Price is Rs.94 for each Share. 

The expected IPO listing date is 12 Feb 2025, and the listing at NSE and SME.

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Click to open a Demat account and apply for the IPO.

Company Financial

(Amount in Cr)

 

Cash Flows

The cash flows for various activities are mentioned below:

(Amount in lac)

 

Sales-wise Revenue Breakdown 

(Amount in lac)

 

Export-wise Revenue Breakdown 

(Amount in lac)

(Source: RHP)

The Objective of The Issue

• Unknown Purchases in India and elsewhere.

• Capital expenditure for the restoration of both manufacturing facilities, including the purchase of new machinery.

• General corporate purposes.

 

Peers of Ken Enterprises Ltd.

Evaluation

The IPO price is Rs.94 for each Share.

Evaluation of P/E Ratio

Considering the FY ended 31 Mar 2024 with an EPS of Rs.4.86 from the last year, the resulting P/E ratio is 19.34x.

Considering the weighted EPS of Rs.3.36 for the last three years, the P/E ratio is 27.98x.

IPO's Strengths

• Experienced leadership is supported by a loyal workforce.

• Strong financial performance.

• An asset-light model. 

• Established relationships with clients.

• A diverse range of products for one-stop solution sourcing for customers.

IPO’s Weaknesses

• Reliance on Third-Party Manufacturers- More and more the company is subcontracting work to external suppliers. Any damage to the reputation of these suppliers’ firms such as operational, labor, or supply chain issues will negatively impact company production and profitability.

• Risk of Volatility of Raw Material Prices- the price of raw materials i.e. yarn is determined by international availability and demand, the weather, and government policies. If the company is unable to convey a rise in material costs to its customers, there is a good chance performance will deteriorate.

• Regulatory and Compliance Risks- There are various approvals and licenses at different levels that the company has to get in order to operate. There is a risk in renewing or maintaining these licenses as it can impact the current business and plans for growth.

Ken Enterprises IPO GMP

Ken Enterprises IPO GMP has not started yet as of 30 January 2025.

IPO Timetable (Tentative)

The IPO opening date is February 05, with allotment on February 10, refund initiation on February 11, and listing on 12 February 2025.

Ken Enterprises IPO Details 

The IPO with a Face Value of Rs.10 per share offers a total issue size of 88,99,200 Shares (Rs.83.65 Cr).

IPO Lot Details 

The IPO allows retail investors to invest in a minimum and maximum of 1 Lot (1200 Shares) amounting to Rs.1,12,800 and in multiples thereof, while for HNI investors, the minimum Lot is 2 (2400 Shares) amounting to Rs.2,25,600.

 

IPO Reservation (% of Net Issue)

Promoters And Management of Ken Enterprises Ltd.

• Mr. Nikunj Hariprasad Bagdiyaand

• Mrs. Bina Hariprasad Bagdiya.
  
  

 

IPO Lead Managers

Corporate Makers Capital Ltd.

Dividend Policy

The company has not declared a dividend.

Conclusion

Ken Enterprises IPO is an opportunity, to have a response from the public having an excellent financial profile and product mix. The company enjoys the benefits of good leadership and an asset-light model but is exposed to risks such as dependence on third-party manufacturers and price fluctuations of raw materials. An investor must include the P/E ratio, market conditions, and business risks before investing.

Finowings IPO Analysis

Hope you enjoyed the Finowings IPO Analysis. We tried our best to give every required detail about the company that you should know before applying to the IPO. 

You must consult your financial advisor before making any financial decisions. 

To Apply for the IPO, Click Here.

To Read the Prospectus of the Company

To Read the Prospectus of the Company Click Here to Download the DRHP.

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