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| IPO Listing At | NSE SME |
| SME IPO Issue Type | Fixed Price Issue |
| Total Issue Size | ₹83.65 Cr |
| Reserved for Market Maker | ₹0.00 Cr |
| Net Issue Size | ₹83.65 Cr |
| Fresh Issue | ₹54.09 Cr |
| Offer for Sale | ₹25.38 Cr |
| Face Value | ₹10 Per Equity Share |
| Issue Price | ₹94.00 per share |
| Discount | Retail: 0.00 |
| NSE Code | KEN |
| Registrar | Skyline Financial Services Pvt.Ltd. |
| Lead Managers | Corporate Makers Capital Ltd. |
Disclaimer: GMP is sourced from grey market dealers and is indicative only. Always conduct your own due diligence.
* Allotment, Refund, Demat Credit & Listing dates are tentative and subject to change.
Minimum bid: 1,200 shares and in multiples thereof
Incorporated in 1998, Ken Enterprises Limited is engaged in the business of textile manufacturing.
The company manufactures fabrics for various purposes, including apparel, industrial, technical, shirtings, and home furnishings.
The company is into manufacturing of greige fabrics. They utilize third-party manufacturing services for the production of greige fabric on a job-work basis, located in and around Ichalkaranji, Maharashtra, a key fabric weaving hub, to enhance their manufacturing capacity.
The company’s business model focuses on quality and customer satisfaction, supplying regular and sustainable greige and finished fabrics on an order-to-order basis. The product range includes greige, dyed (supported by third parties), printed, and RFD/PFD fabrics.
The company has two manufacturing units, both located in Shirol taluka near Ichalkaranji, covering a combined area of approximately 50,000 square feet and equipped with the necessary machinery.
Product Portfolio:
As of December 31, 2024, the company had 228 permanent employees.
Competitive Strengths:
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Unidentified Acquisitions in India and abroad | 6.25 |
| 2 | Purchase of New Machinery | 4.53 |
| 3 | Capital Expenditure for renovation of both manufacturing facilities | 3.77 |
| 4 | To meet working capital requirements | 25.00 |
| 5 | General Corporate Expenses | 13.48 |
| 6 | Issue Expenses | 5.25 |
| Total | 58.27 |
| Period Ended | 30 Nov 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 266.30 | 242.15 | 195.16 | 187.26 |
| Total Income | 332.85 | 409.13 | 375.23 | 360.32 |
| Profit After Tax | 9.53 | 8.93 | 3.95 | 2.36 |
| NET Worth | 54.38 | 44.85 | 35.93 | 31.98 |
| Reserves and Surplus | 36.01 | 42.27 | 33.34 | 29.39 |
| Total Borrowing | 43.14 | 47.84 | 49.45 | 41.01 |
| Amount in ₹ Crore | ||||
| KPI | Mar 31, 2024 |
|---|---|
| ROE | 19.90% |
| ROCE | 51.52% |
| Debt / Equity | 0.09% |
| RoNW | 19.90% |
| PAT Margin | 2.22% |
| Price to Book Value | 3.85 |
| Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | 4.86 | 5.82 |
| P/E (x) | 19.34 | 16.16 |
| Promoter Holding | 81.21% | 49.72% |
| Market Cap | ₹230.92 Cr. | |
