Kenrik Industries IPO: Price, Overview, And GMP

Kenrik Industries IPO- Complete Overview

Kenrik Industries IPO under the SME IPO category is a fixed price issue of Rs. 8.75 Cr by Kenrik Industries Limited, which was incorporated in 2017. Their main work is creating and selling traditional Indian jewelry. Handcrafted gold ornaments, encrusted with precious and semi-precious stones like diamonds and rubies, and cubic zirconia are its products. 

This business manufactures such a long timeline of production that it ultimately forms innumerable ornamentations from rings to ear tops, armlets to pendants, nose rings, bracelets, chains, necklaces, and bangles. Custom orders that are manufactured at this facility in Ahmedabad, Gujarat, on a job-work basis include watches, luxury objects, and wedding jewellery. 

Kenrik Industries Limited is currently B2B-based and fulfills orders to customers in the high-end, mid-market, and value market segments. The company emphasizes quality inspection, inventory care, and business development so that all jewellery is certified by BIS Hallmark.

Kenrik Industries IPO Overview

The Kenrik Industries IPO date is on 29 Apr 2025, and its initial public offering will end on 06 May 2025. 

The Rs. 8.75 crore new SME IPO comprises a wholly fresh issue of 34.98 lac Shares.

This upcoming IPO date is from 29 April to 06 May, 2025. Kenrik Industries IPO price is Rs. 25 for each Share. 

The Kenrik Industries IPO listing date (expected) is 09 May 2025, and listing at the BSE and SME.

Click to open demat account and apply for the IPO.

Company Financial

(Amount in Lac)

 

Cash Flows

(Amount in lac)

 

Product-wise Revenue Breakdown 

(Rs. in lac)

Sector-Wise Revenue Breakdown

(Rs. in lac)

Geography-wise Distribution

(Rs. in lac)

(Source: RHP)

 

The Objective of the Issue

The company desires to use the Net Proceeds from the Issue to fulfill its following goals:

• Requirements for working capital.

• General corporate purposes.

Click to check the IPO application status.

Peers of Kenrik Industries Ltd.

 

Evaluation

The Kenrik Industries Limited IPO price is Rs. 25 for each Share.

Evaluation of P/E Ratio

Considering the FY ended 31 Mar 2024 with an EPS of Rs. 1.21 from the last year, the resulting P/E ratio is 21.21x.

Considering the weighted EPS of Rs. 0.86 for the last three years, the P/E ratio is 29.06x.

Explore Arunaya Organics IPO.

 

IPO's Strengths

• Quality products combined with creative designs.

• Established brand name and market reputation.

• Cultivating strong relationships with suppliers and distributors.

• Highly experienced and skilled designers and craftsmen.

• Diversified product portfolio comprising traditional and modern jewellery. 

 

IPO’s Weaknesses

• Heavy reliance on a small number of suppliers of raw materials.

• Limited online presence and marketing activities.

• Heavy production costs due to premium material usage.

• Limited geographical reach is present in only a handful of markets.

• Limited range of products compared to competitors.
  
  

Kenrik Industries IPO GMP

Kenrik Industries IPO GMP has not started yet as of 26 Apr 2025.

IPO Timetable (Tentative)

The Kenrik IPO dates of subscription is Apr 29 to May 06, 2025, allotment on May 07, refund initiation on May 08, and listing on May 09, 2025.

 

Kenrik Industries IPO Details 

The IPO with a Face Value of Rs. 10 per share offers a total issue size of 34,98,000 Shares (Rs. 8.75 Cr).

IPO Lot Details 

The IPO allows retail investors to invest in a minimum and maximum of 1 Lot (6000 Shares) amounting to Rs. 1,50,000 and in multiples thereof, while for HNI investors, the minimum Lot is 2 (12000 Shares) amounting to Rs. 3,00,000.

 

IPO Reservation (% of Net Issue)

 

Promoters And Management of Kenrik Industries Ltd.

• Nitinkumar Dalpatbhai Shah

• Nihar Nitinbhai Shah

• Manisha Nitinkumar Shah

• Shah Nitin Dalpatlal (HUF).
  
  

 

IPO Lead Managers

• Turnaround Corporate Advisors Private Limited.
  
  

Dividend Policy

The company has not declared dividends in the last three fiscal years. 

Conclusion

Kenrik Industries IPO appears promising due to its knowledgeable staff and wide choice of products. However, it's important to consider the hazards of high expenses and a restricted market reach.

 

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 Click Here to Download the DRHP.

Click Here To Stay Updated With The Upcoming IPOs.

DISCLAIMER: This blog is NOT any buy or sell recommendation. No investment or trading advice is given. The content is purely for educational and information purposes only. Always consult your eligible financial advisor for investment-related decisions.