Kenrik Industries Limited (BSE SME)
April 29, 2025 – May 6, 2025
| Price | ₹25 - ₹25 |
| Premium | ₹0 |
|---|---|
| Lot size | 6000 |
| Allotment | May 7, 2025 |
| Listing | May 9, 2025 |
B-306, East Face, Behind Maruti Suzuki Showroom,
Nr. S P Ring Road, Ambli Road, Ambli,
Daskroi
Phone: +91-9687141430
Email: cs@kenrikindustries.net
Website: http://www.kenrikindustries.net/
Last updated on 02-May-2025 17:05:02
| Category | Offered | Applied | Times |
|---|---|---|---|
| HNIs | 1656000 | 102000 | 0.06 |
| Retail | 1662000 | 2466000 | 1.48 |
| Total | 3318000 | 2568000 | 0.77 |
| Total Applications: 493 | |||
| HNI Interest Cost Per Share (7 Days) | |||||
|---|---|---|---|---|---|
| @7% ₹0 | @8% ₹0 | @9% ₹0 | @10% ₹0 | @11% ₹0 | @12% ₹0 |
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| Retail | 1 | 6000 | 150000 | 277 |
| HNI | 2 | 12000 | 300000 | 276 |
IPO Reservation
| Investor Category | Shares Offered | No. of Shares |
|---|---|---|
| Retail | 47.5% | 1662000 |
| Other | 47.3% | 1656000 |
| Market Maker | 5.15% | 180000 |
| Total No. of Shares | 100.0% | 3498000 |
Kenrik Industries IPO Details
| Issue Size | 34,98,000 shares (aggregating up to ₹8.75 Cr) |
| Fresh Issue | 34,98,000 shares (aggregating up to ₹8.75 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 89,99,900 shares |
| Share Holding Post Issue | 1,24,97,900 shares |
| Market Maker Portion | 1,80,000 shares |
| Market Maker | Mnm Stock Broking |
Key Performance Indicator (KPI)
| KPI | Oct-24 | Mar-24 | Mar-23 |
|---|---|---|---|
| ROE | 10.33% | 9.01% | 4.21% |
| ROCE | 12.51% | 10.85% | 5.39% |
| RONW | 10.03% | 8.62% | 4.13% |
| EPS (basic) | 1.49 | 1.21 | 0.53 |
| P/E Pre IPO | 20.74 | ||
| P/E Post IPO | 23.31 |
Company Financials In Crores
| Period Ended | Oct-24 | Mar-24 | Mar-23 | Mar-22 |
|---|---|---|---|---|
| Assets | 16.0 | 15.8 | 15.6 | 12.47 |
| Revenue | 42.2 | 71.0 | 52.0 | 32.69 |
| Profit After Tax | 0.8 | 1.1 | 0.5 | 0.39 |
| Net Worth | 13.4 | 12.6 | 11.5 | 11.03 |
| Total Borrowing | 1.0 | 0.8 | 0.6 | 0.35 |
About Company
Kenrik Industries Limited, incorporated in 2017, is engaged in the design and distribution of traditional Indian jewellery, specializing in handmade gold jewellery adorned with precious and semi-precious stones such as diamonds, rubies, and cubic zirconia. The company offers a diverse product portfolio that includes rings, earrings, armlets, pendants, nose rings, bracelets, chains, necklaces, bangles, watches, luxury items, and wedding jewellery, all crafted to meet specific customer requirements. Operating under a Business-to-Business (B2B) model, Kenrik caters to high-end, mid-market, and value market segments. The manufacturing of its products is carried out on a job-work basis at its facility in Ahmedabad, Gujarat. With a strong focus on quality control, inventory management, and business development, the company ensures that all its jewellery is certified by BIS Hallmark. As of July 31, 2024, Kenrik Industries Limited employs a total of 9 individuals across various departments.
Strength
Established Track Record: Proven expertise in designing and distributing traditional Indian jewellery since 2017.
Experienced Leadership: Strong guidance from seasoned Promoters and a skilled management team.
Efficient Workforce: Lean, motivated team ensuring quality control, timely delivery, and customer satisfaction.
Weakness
Geographic Concentration Risk: Heavy reliance on the Gujarat market makes the business vulnerable to regional disruptions.
Quality and Reputation Risk: Customer complaints or quality issues could harm brand reputation and financial performance.
Inventory Cost Risk: High inventory holding costs may negatively affect the company’s profitability and financial stability.