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| IPO Listing At | BSE SME |
| SME IPO Issue Type | Fixed Price Issue |
| Total Issue Size | ₹8.75 Cr |
| Reserved for Market Maker | ₹0.00 Cr |
| Net Issue Size | ₹8.75 Cr |
| Fresh Issue | ₹8.30 Cr |
| Face Value | ₹10 Per Equity Share |
| Issue Price | ₹25.00 per share |
| Discount | Retail: 0.00 |
| BSE Code | 544398 |
| Registrar | Skyline Financial Services Pvt.Ltd. |
| Lead Managers | Turnaround Corporate Advisors Pvt.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: 12,000 shares · Multiples of 6,000 shares
Incorporated in 2017, Kenrik Industries Limited is engaged in the design and distribution of traditional Indian jewellery. The company’s product range features handmade gold jewellery studded with precious and semi-precious stones, including diamonds, rubies, and cubic zirconia.
Kenrik Industries Limited offers an extensive portfolio that includes rings, earrings, armlets, pendants, nose rings, bracelets, chains, necklaces, bangles, watches, luxury items, and wedding jewellery. The products are crafted to meet specific customer requirements and are manufactured on a job-work basis at the company’s facility located in Ahmedabad, Gujarat.
Kenrik Industries Limited currently operates under a Business-to-Business (B2B) model, catering to customers across high-end, mid-market, and value market segments. The company places strong emphasis on quality control, inventory management, and business development, ensuring all jewellery is certified by BIS Hallmark.
As of July 31, 2024, Kenrik Industries Limited has a total of 9 employees across various departments.
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To meet working capital requirements | 6.56 |
| 2 | General Corporate Expenses | 1.80 |
| 3 | Issue Expenses | 0.38 |
| Total | 8.75 |
| Period Ended | 31 Oct 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 15.98 | 15.80 | 15.59 | 12.47 |
| Total Income | 42.19 | 70.97 | 52.04 | 32.69 |
| Profit After Tax | 0.78 | 1.08 | 0.47 | 0.39 |
| NET Worth | 13.37 | 12.59 | 11.50 | 11.03 |
| Total Borrowing | 0.99 | 0.78 | 0.57 | 0.35 |
| Amount in ₹ Crore | ||||
| KPI | Mar 31, 2024 |
|---|---|
| ROE | 9.01% |
| ROCE | 10.85% |
| Debt / Equity | 0.06% |
| RoNW | 8.62% |
| PAT Margin | 1.53% |
| Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | 1.21 | 1.07 |
| P/E (x) | 20.74 | 23.31 |
| Promoter Holding | 100% | 72.01% |
| Market Cap | ₹31.24 Cr. | |
