Ken Enterprises IPO is set to open on February 5, 2025, and will close on February 7, 2025. This Fixed Price Issue IPO aims to raise approximately ₹83.65 crores, comprising a fresh issue of ₹58.27 crores and an offer for sale of up to 27,00,000 equity shares with a face value of ₹10 each.
Ken Enterprises IPO Details
- IPO Price Band: ₹94 per share
- Retail Investor Quota: 50%
- HNI Quota: 50%
- QIB Quota: 00%
- IPO Listing Date: February 12, 2025 (on NSE)
- IPO Allotment Date: February 10, 2025
Ken Enterprises Financial Performance
The company has shown impressive financial growth:
- Revenue in 2024: ₹402.21 crores (compare to ₹363.96 crores in 2023)
- Net Profit in 2024: ₹8.93 crores (up from ₹3.95 crores in 2023)
Ken Enterprises IPO Date & Price Band Details
Category | Details |
---|---|
IPO Open Date: | February 5, 2025 |
IPO Close Date: | February 7, 2025 |
Face Value: | ₹10 Per Equity Share |
IPO Price Band: | ₹94 Per Share |
Issue Size: | Approx ₹83.65 Crores |
Fresh Issue: | Approx ₹58.27 Crores |
Offer for Sale: | Approx 27,00,000 Equity Shares |
Issue Type: | Fixed Price Issue |
IPO Listing: | NSE SME |
Retail Quota: | Not more than 50% |
QIB Quota: | Not more than 00% |
NII Quota: | Not more than 50% |
DRHP Draft Prospectus: | Click Here |
RHP Draft Prospectus: | Click Here |
About Ken Enterprises Overview
Ken Enterprises is a prominent player in the textile manufacturing industry, specializing in design-to-delivery solutions for both greige and finish fabrics. With over two decades of experience, the company caters to domestic and international markets, offering a diverse range of fabrics for various applications.
Company Highlights:
- Expertise: Ken Enterprises excels in producing high-quality fabrics, including regular and sustainable options like structure fabrics, seer suckers, and fashion fabrics with metallic yarns.
- Market Reach: The company exports its products to over 10 countries and is an approved vendor for leading international brands such as ZARA, Target, and Primark.
- Manufacturing: Ken Enterprises operates two manufacturing units in Ichalkaranji, Maharashtra, covering approximately 50,000 square feet.
- Sustainability: The company is committed to sustainability, holding certifications like GOTS, GRS, OCS, and BCI-Mass Balance.
- Financial Performance: Ken Enterprises has demonstrated consistent growth in revenue and profitability over the years.
Strengths:
- Diversified Product Portfolio: The company offers a wide array of fabrics catering to various needs and applications.
- Strong Customer Relationships: Ken Enterprises has established long-term relationships with major international brands, ensuring a stable demand for its products.
- Focus on Innovation: The company continuously invests in product development and explores new fabric technologies to stay ahead in the market.
- Efficient Manufacturing Processes: Ken Enterprises utilizes advanced machinery and streamlined processes to ensure high-quality production and timely delivery.
- Experienced Management Team: The company is led by a team of experienced professionals with deep industry knowledge and expertise.
Risks:
- Competition: The textile industry is highly competitive, with numerous players vying for market share. Ken Enterprises faces competition from both domestic and international manufacturers.
- Fluctuating Raw Material Prices: The cost of raw materials, such as cotton and yarn, can fluctuate significantly, impacting the company’s profitability.
- Dependence on Key Customers: A significant portion of Ken Enterprises’ revenue comes from a few major customers. Any disruption in these relationships could adversely affect the company’s performance.
- Changes in Fashion Trends: The textile industry is susceptible to changes in fashion trends. The company needs to adapt quickly to evolving consumer preferences to remain competitive.
- Economic Downturn: Global economic downturns can impact consumer spending and demand for textiles, affecting Ken Enterprises’ sales and profitability.
Ken Enterprises IPO Market Lot
The Ken Enterprises IPO has set its minimum market lot at 1,200 shares, requiring an application amount of ₹1,12,800. Investors looking to apply for the Ken Enterprises IPO must ensure they meet this minimum investment requirement. Stay updated with the latest IPO details to make informed investment decisions.
Application | Lot Size | Shares | Amount |
---|---|---|---|
Retail Minimum | 1 | 1,200 | ₹1,12,800 |
Retail Maximum | 1 | 1,200 | ₹1,12,800 |
S-HNI Minimum | 2 | 2,400 | ₹2,25,600 |
Ken Enterprises IPO Allotment & Listing Dates
Ken Enterprises IPO is set to open for subscription on February 5, 2025, and will close on February 7, 2025. Investors eagerly awaiting this IPO should note that the Ken Enterprises IPO allotment will be finalized on February 10, 2025, and the shares are scheduled to be listed on the stock exchange on February 12, 2025.
Type | Date |
---|---|
IPO Open Date: | February 5, 2025 |
IPO Close Date: | February 7, 2025 |
Basis of Allotment: | February 10, 2025 |
Refunds: | February 11, 2025 |
Credit to Demat Account: | February 11, 2025 |
IPO Listing Date: | February 12, 2025 |
Promoters of Ken Enterprises IPO
The Ken Enterprises IPO is backed by strong leadership, with Mr. Nikunj Hariprasad Bagdiya and Mrs. Bina Hariprasad Bagdiya as the promoters of the company. Their expertise and strategic vision play a crucial role in the company’s growth and expansion. Investors looking for insights into the Ken Enterprises IPO can benefit from understanding the leadership behind the business. Stay updated with the latest details on the Ken Enterprises IPO, including issue size, price band, and listing date.
Ken Enterprises IPO Company Financial Report
Ken Enterprises IPO has demonstrated strong financial growth over the past year. In 2024, the company reported a revenue of ₹402.21 crores, marking an increase from ₹363.96 crores in 2023. Additionally, the company’s profit surged to ₹8.93 crores in 2024, compared to ₹3.95 crores in 2023. This impressive financial performance highlights the company’s steady expansion and profitability, making the Ken Enterprises IPO an attractive opportunity for investors.
Amount ₹ in Crores
Period Ended | Revenue | Expense | Profit After Tax | Assets |
---|---|---|---|---|
2022 | ₹354.80 | ₹356.67 | ₹2.36 | ₹187.26 |
2023 | ₹363.96 | ₹370.25 | ₹3.95 | ₹195.16 |
2024 | ₹402.21 | ₹397.21 | ₹8.93 | ₹242.15 |
November 2024 | ₹326.42 | ₹319.92 | ₹9.53 | ₹266.30 |
Ken Enterprises IPO Valuation – FY2024
KPI | Values |
---|---|
ROE: | 19.90% |
ROCE: | 51.52% |
EBITDA Margin: | 4.91% |
PAT Margin: | 2.22% |
Debt to equity ratio: | 0.09 |
Earning Per Share (EPS): | ₹4.86 (Basic) |
Price/Earning P/E Ratio: | 19.34 |
Return on Net Worth (RoNW): | 19.90% |
Net Asset Value (NAV): | ₹24.42 |
Ken Enterprises Peer Group Comparison
Company | EPS | PE Ratio | RoNW % | NAV | Income |
---|---|---|---|---|---|
Laxmi Cotspin Limited | (0.14) | NA | (0.38)% | 30.88 | 144.02 Cr. |
Pashupati Cotspin Limited | 5.43 | 113.44 | 7.00% | 77.57 | 658.38 Cr. |
Ken Enterprises IPO: Key Objectives of the Issue
The Ken Enterprises IPO is strategically plane to raise capital for various growth and expansion initiatives. The proceeds from the IPO will be utilized for the following key purposes:
- Unidentified Acquisitions in India and Abroad to strengthen the company’s market presence and expand its business portfolio.
- Purchase of New Machinery to enhance production efficiency and meet increasing demand.
- Capital Expenditure for Renovation of Both Manufacturing Facilities, ensuring upgraded infrastructure and improved operational capacity.
- To Meet Working Capital Requirements, supporting smooth business operations and future scalability.
Investors looking to participate in the Ken Enterprises IPO should consider these growth-oriented objectives while evaluating the company’s future potential.
Ken Enterprises IPO Review
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Ken Enterprises IPO Registrar
Skyline Financial Services Pvt Ltd
Phone: +91-11-40450193-97
Email: compliances@skylinerta.com
Website: www.skylinerta.com
Ken Enterprises IPO Lead Managers aka Merchant Bankers
- Corporate Makers Capital Limited
Company Address
Ken Enterprises Limited
9/621 Industrial Estate near Kalyan Kendra,
Ichalkaranji, Maharashtra – 416115, India
Phone: +91-0230-2438538
E-mail: cs@kenindia.in
Website: www.kenindia.in
FAQs on Ken Enterprises IPO
The Ken Enterprises IPO is a Fixed Price Issue IPO aimed at raising approximately ₹83.65 crores through a fresh issue and an offer for sale.
The IPO opens on February 5, 2025, and closes on February 7, 2025.
The IPO price is set at ₹94 per share with a face value of ₹10 per equity share.
The IPO consists of a fresh issue of ₹58.27 crores and an offer for sale of 27,00,000 equity shares.
Retail investors must apply for at least 1,200 shares, requiring a minimum investment of ₹1,12,800.
The IPO is expected to be listed on NSE SME on February 12, 2025.
The company reported a revenue of ₹402.21 crores in 2024, up from ₹363.96 crores in 2023, with a net profit of ₹8.93 crores in 2024.
The IPO is promoted by Mr. Nikunj Hariprasad Bagdiya and Mrs. Bina Hariprasad Bagdiya.
The IPO proceeds will be used for:
Unidentified acquisitions in India and abroad
Purchase of new machinery
Capital expenditure for renovation of manufacturing facilities
Meeting working capital requirements
Investors can apply through UPI-based applications via ASBA (Application Supported by Blocked Amount) on NSE, net banking, or stockbrokers like Zerodha, Groww, and Upstox.
Disclaimer: This information is for general knowledge and informational purposes only and does not constitute financial, investment, or other professional advice.