Ken Enterprises Ltd.was established on June 05, 1998. The company provides design-to-delivery solutions for greige and finished fabrics, serving both domestic and export markets in 10+ countries. Approved vendors for international brands like ZARA (Inditex Group), Target, and Primark, they offer a diverse range of fabrics for fashion wear, home textiles, embroidery, and more.
| Bidding Dates |
|---|
| 05 Feb 2025 - 07 Feb 2025 |
| Subscription |
|---|
| 4.14x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,12,800 | 1 | 1 | 1200 | 8.9 M | ₹94 | 49.72 % | ₹836.5 M | RHP DOC |
Ken Enterprises IPO SUBSCRIPTION STATUS
07 Feb '25Ken Enterprises IPO overall subscription rate was 4.14 times the total available shares
Ken Enterprises IPO retail subscription rate was 6.52 times in the retail segment
Ken Enterprises IPO non-institutional investor subscription rate was 1.76 times in the non-institutional investor category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 50% | 50% | - |
07 Feb 2025 (Day 3) | 6.52x | 1.76x | - |
06 Feb 2025 (Day 2) | 5.15x | 1.17x | - |
05 Feb 2025 (Day 1) | 2.98x | 0.72x | - |
Ken Enterprises FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) | Margins |
| 8MFY25 | 95.3 | 3,264.2 | 179.9 | 173.2 | 5.3% |
| FY24 | 89.3 | 4,022.1 | 166.8 | 151.5 | 4.9% |
| FY23 | 39.5 | 3,639.6 | -24.0 | -37.5 | 1.3% |
| FY22 | 23.6 | 3,548.0 | 112.3 | 100.9 | 2.7% |
Ken Enterprises IPO SUBSCRIPTION STATUS DETAILS
Ken Enterprises had 8.9 M shares on offer
Ken Enterprises IPO offer price was ₹94
Ken Enterprises IPO minimum Investment was ₹112800
Ken Enterprises IPO issue size was ₹ 836.5 M
Ken Enterprises had a minimum lot size of 1200 Shares per application
Ken Enterprises NUMBER OF SHARES ON OFFER
Ken Enterprises IPO IMPORTANT DATES
| Issue Open Date | 05 Feb 2025 |
| Issue close Date | 07 Feb 2025 |
| Allotment Date | 10 Feb 2025 |
| Refund Date | 11 Feb 2025 |
| Demat Account Credit Date | 11 Feb 2025 |
| Listing Date | 12 Feb 2025 |
| Listing on Exchange(s) | NSE |
| Ken Enterprises Allotment Status | Exchange |
Ken Enterprises IPO subscription opened on 05 Feb 2025, and closed on 07 Feb 2025
IPO allotment for Ken Enterprises was finalized on Monday, 10 Feb 2025
IPO listing for Ken Enterprises was on NSE on Wednesday, 12 Feb 2025
Ken Enterprises IPO LISTING GAINS
| Issue Price (adjusted) | 94.0 |
| Listing Open Price | 85.0 |
| Listing Close Price | 80.8 |
| Listing Gain% | -9.6% |
| Current Gain% | -58.4% |
Ken Enterprises Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Ken Enterprises Ltd. | 39.1 | 96.1 | 6.2 | 0.2 | 0.1 | 12.1 | 3.9 | 643.5 | 30.2 | 15.4 | 25.1 | 6.3 | 25.1 |
| KPR Mill Ltd. | 1076.7 | 36803.1 | 42.5 | 6.7 | 5.5 | 15.2 | 12.7 | 6784.3 | 5 | 866.5 | 6.3 | 25.4 | 6.3 |
| Vardhman Textiles Ltd. | 606.8 | 17563.9 | 20.7 | -43.8 | 1.7 | 7.1 | 5.4 | 10092.5 | -0.3 | 745.2 | -15.6 | 29.3 | -0.5 |
| Welspun Living Ltd. | 164.1 | 15738.7 | 77 | -1.1 | 1.7 | 4.2 | 2 | 9467.9 | -11.5 | 204.4 | -68 | 2.1 | -68 |
| Arvind Ltd. | 560.6 | 15249.2 | 36.8 | 2.2 | 1.6 | 10.2 | 4.7 | 9359.5 | 11.5 | 413.9 | 17.1 | 15.2 | 17.1 |
| Trident Ltd. | 25.2 | 12831.6 | 32.5 | -3.5 | 1.9 | 7.9 | 5 | 6775.2 | -3.9 | 377.1 | 2 | 0.8 | -9.4 |
Ken Enterprises INFORMATION ON IPO ISSUE
About Ken Enterprises
Ken Enterprises Ltd.was established on June 05, 1998. The company provides design-to-delivery solutions for greige and finished fabrics, serving both domestic and export markets in 10+ countries. Approved vendors for international brands like ZARA (Inditex Group), Target, and Primark, they offer a diverse range of fabrics for fashion wear, home textiles, embroidery, and more.
Object of the Issue
- Unidentified acquisitions in India and abroad
- Purchase of new machinery
- Capital expenditure for the renovation of manufacturing facilities
- To meet working capital requirements
Ken Enterprises - PROMOTERS
| Name |
|---|
| Nikunj Hariprasad Bagdiya |
| Bina Hariprasad Bagdiya |
Ken Enterprises Lead Manager of the Issue
Corporate Makers Capital Limited
compliance@corporatemakers.in
Ken Enterprises Registrar to the issue
Skyline Financial Services Private Limited
ipo@skylinerta.com
Ken Enterprises Strengths
Asset light model
The company benefits from its location surrounded by greige fabric manufacturers, enabling it to outsource excess requirements. With an in-house capacity of 145 lakh square meters per annum in Maharashtra, it gains an edge by accessing additional manufacturing capacities without capital investment
Diverse product portfolio
The company's business model, leveraging arrangements with diverse third-party manufacturers, allows it to offer a wide range of over 1,000 SKUs under one roof. This strategy helps retain existing customers by serving as a one-stop sourcing solution and attracts new customers with its extensive product portfolio
In-house product development
With years of experience, the company has developed the capability to create new fabrics in-house, enabling direct partnerships with leading Indian and global apparel brands. A dedicated team, including the managing director, focuses on continuous product development and innovation to ensure the company remains future-ready
Ken Enterprises Risks
Depend on vendors
The company relies on third-party manufacturers for job work to produce its products, making its business heavily dependent on the performance and operations of these manufacturers
Demand
The business is susceptible to fluctuations in demand and changes in consumer preferences, which could negatively impact its operations, financial condition, and results
Raw material procurement
The business may be adversely affected if it is unable to procure raw materials of the required quality and quantity at competitive prices, especially without long-term agreements with suppliers
IPO FAQs
This IPO consists of an offer for sale of up to Rs 25.4 crore, of 2,700,000 shares. It also consists of a fresh issue of Rs 58.3 crore.
The promoters of the company are Nikunj Hariprasad Bagdiya and Bina Hariprasad Bagdiya.
The category allocation of qualified institutional buyers is 0.0%, the category allocation of non individual investors or high networth individuals is 50.0% and for retail investors it is 50.0%.
The price band of the IPO is Rs 94.0 - 94.0.
The IPO application opens on Feb 05, 2025 and closes on Feb 07, 2025.
The minimum lot size for the IPO is 1200. The maximum lot size for the IPO is 1200.
For all category investors, the minimum application amount for this IPO is Rs. 112,800.0, the maximum value for this IPO is Rs 112,800.0.
This IPO will be allotted on Feb 10, 2025.
The refund will be credited to your account on Feb 11, 2025.
The allotted shares will be credited to your demat on Feb 11, 2025.
Ken Enterprises Ltd.’s shares listed on the stock exchanges on Feb 12, 2025.