Ken Enterprises IPO Details
The key details of Ken Enterprises’s IPO are outlined below, covering all crucial aspects from price range to investment requirements and regulatory documents.
| IPO Size | ₹83.65 Cr |
| Price Range | ₹94 |
| Retail Quota | 50% |
| QIB Quota | -- |
| NII Quota | 50% |
| Employee Discount | -- |
| Listing at | NSE |
| Minimum Quantity | 1200 |
| Investment (cut-off price) | ₹1,12,800 |
| Pre IPO Promotor Holding | 81.21% |
| Post IPO Promotor Holding | 20% |
| DHRP Draft | Click Here |
| RHP Draft | Click Here |
| Anchor Investors List | Click Here |
Ken Enterprises IPO Timelines
The IPO process for Ken Enterprises includes key dates for participants to know. The timeline allows for strategic planning and participation, helping investors stay informed and engaged throughout the entire process.
05/02/2025
Start Date07/02/2025
End Date11/02/2025
Refund Initiation11/02/2025
Credit of Shares to Demat Ac12/02/2025
Listing DateKen Enterprises IPO Lot Size
The Ken Enterprises IPO has a fixed lot size of 1,200 shares, at a price band of ₹94 per share, requiring ₹112,800 per lot for retail investors. For HNI investors, the minimum application is 2,400 shares (2 lots) amounting to ₹225,600.
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 1200 | ₹1,12,800 |
| Retail Maximum | 1 | 1200 | ₹1,12,800 |
| HNI Minimum | 2 | 2400 | ₹2,25,600 |
Ken Enterprises IPO Subscription Status
The subscription status for Ken Enterprises IPO shows market demand across different investor categories, providing valuable insights into the offering’s performance. You can track real-time subscription data below.
| QIB | NII | Retail | EMP | Total |
|---|---|---|---|---|
| -- | 1.75x | 6.86x | -- | 4.36x |
IPO Performance on Listing Day
On the listing day (February 12, 2025), Ken Enterprises made a weak debut on the stock exchange. The stock opened at ₹85, registering a discount of 9.6% from its issue price of ₹94. During the trading session, after opening at its day’s high, the stock faced continued selling pressure, declining to ₹80.75. The shares ended their first trading day at ₹80.75, posting a loss of 14.1% from the issue price, reflecting subdued market sentiment towards this new listing.
| Opening Price | Closing Price | Day High | Day Low |
|---|---|---|---|
| ₹85 | ₹80.75 | ₹85 | ₹80.75 |
Ken Enterprises IPO Company Financials
Ken Enterprises reports robust performance in FY2024 with Total Income of ₹409.13 crores, managing expenses at ₹397.21 crores, and achieving a strong PAT (Profit After Tax) of ₹8.93 crores, demonstrating significant growth potential ahead of its public offering.
| Year | Total Income | Total Expense | PAT |
|---|---|---|---|
| FY 2022 | ₹360.32 | ₹356.67 | ₹2.36 |
| FY 2023 | ₹375.23 | ₹370.25 | ₹3.95 |
| FY 2024 | ₹409.13 | ₹397.21 | ₹8.93 |
| FY 2025 (8M) | ₹332.85 | ₹319.92 | ₹9.53 |
About Company
KEN Enterprises Pvt Ltd is a prominent textile manufacturing company that specializes in providing design-to-delivery solutions for both greige and finished fabrics. The company manufactures a wide range of high-quality fabrics, including structures, double layer, three layer, four layer, and fashion fabrics with metallic yarns, used in various sectors such as apparel, industrial, technical, and home furnishings. With over 20 years of experience, KEN Enterprises exports its products to more than 10 countries and operates both third-party manufacturing services for greige fabric and its own manufacturing units in Ichalkaranji, Maharashtra. The firm is ISO 9001:2015 certified and has earned multiple accolades, including the Texprocil Export Award.
Known for its commitment to excellence and sustainability, KEN Enterprises has established itself as a key player in the textile industry, catering to both domestic and international markets. The company is a trusted vendor for leading global brands like ZARA, Target, and Primark. Its diverse fabric portfolio serves a variety of applications, from fashion wear to home textiles, embroidery, and light canvas. Through its focus on product development, timely delivery, and maintaining high standards, KEN Enterprises has earned a reputation for being a reliable and innovative supplier of both regular and sustainable fabrics.
| Incorporation Date | Sector | Managing Director |
|---|---|---|
| 1998 | Textile | Nikunj Bagdia |
Know Before Investing
Ken Enterprises IPO Strengths
- With over 40 years of experience in grey fabric manufacturing, Ken Enterprises has a strong reputation in the textile industry.
- The company exports to approximately 15 countries, including the USA and Kenya, with exports accounting for 30-40% of total sales.
- Led by a knowledgeable team with extensive industry experience, ensuring effective strategic direction and operational execution.
- The company maintains a manageable debt-to-equity ratio of 1.32, reflecting a balanced approach to financing.
- Established relations with customers enhance business stability and repeat orders.
- The company has demonstrated effective working capital management, with a current ratio of 1.26 times as of March 31, 2023.
- Ken Enterprises maintains a healthy order book position, supporting sustained revenue generation.
Ken Enterprises IPO Risks
- As a relatively new public entity, Ken Enterprises has a short operational history, making it challenging for investors to evaluate long-term performance.
- The textile industry is highly competitive, which may pressure profit margins and limit growth opportunities for the company.
- A significant portion of revenue may come from a few major clients, increasing vulnerability to contract losses or reduced orders.
- The company’s performance is closely tied to economic conditions; downturns could adversely affect demand for its products.
- The company has working capital-intensive operations, with average gross current asset days exceeding 170 days, which may strain liquidity.
- Profitability is exposed to fluctuations in raw material prices, particularly cotton yarn, which could impact margins.
- Ken Enterprises must adhere to various regulations; non-compliance could lead to legal penalties and operational disruptions.
Swot Analysis for Ken Enterprises IPO
Strengths
Strong brand presence, Diverse product offerings, Experienced management team
Weaknesses
Limited international exposure, Depends on specific markets, Financial volatility
Opportunities
Expansion into new markets, Increasing demand for products, Technological innovations
Threats
Intense industry competition, Economic downturn risks, Regulatory compliance challenges
Company Details
Ken Enterprises Limited
9/621, Industrial Estate Near Kalyan Kendra, Ichalkaranji,Maharashtra-416115, India
Website: http://www.kenindia.in/
Phone: 91-0230-2438538
Email: cs@kenindia.in
IPO Registar Details
Skyline Financial Services Private Ltd
D-153A, 1st Floor, Okhla Industrial Area, Phase-I, New Delhi -110020
Website: https://www.skylinerta.com/ipo.php
Phone: 02228511022
Email: ipo@skylinerta.com
FAQs
The key objectives of Ken Enterprises IPO are:
- Unidentified Acquisitions in India and abroad
- Purchase of New Machinery
- Capital Expenditure for renovation of both Manufacturing Facilities
- To meet Working Capital Requirements
Corporate Makers Capital Ltd is the book-running lead managers for the Ken Enterprises IPO.