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Kenrik Industries IPO
Price Band
₹
Issue Size
₹8.75 Cr
Lot Size
6,000 shares
Min Investment
₹300,000
2 LOTS MIN
GMP
—
Issue Price
₹25.0
Kenrik Industries IPO AI Summary
- Kenrik Industries IPO is listed on BSE SME.
- Subscription window: 29 Apr–06 May 2025, listing on 09 May 2025.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Kenrik Industries IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 06 May 2025 — not a current signal.
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Kenrik Industries IPO Grey Market Premium (GMP) Today
GMP not available yet
Grey Market Premium is updated daily. Check back closer to the listing date.
About the Company
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.
Company Financials (₹ Cr)
As of 2024-10-31
| 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 |
Key Ratios
EPS
₹1.21
NAV
₹13.98
ROE
9.01%
ROCE
10.85%
RoNW
8.62%
P/E Ratio
20.74
Market Cap
₹31.24 Cr
PAT Margin
1.53%
Debt/Equity
0.06
Peer Comparison
| Company | RoNW | P/E (x) | EPS Basic | EPS Diluted |
|---|---|---|---|---|
| Khazanchi Jewellers Ltd | 14.55% | 28.15 | 11.01 | 11.01 |
| Motisons Jewellers Limited | 9.82% | 38.68 | 4.3 | 4.3 |
| Veerkrupa Jewellers Ltd | 1.83% | 4.06 | 0.31 | 0.31 |
| Kenrik Industries Limited This IPO | 8.42% | — | 1.18 | 1.18 |
Promoters
Nitinkumar Dalpatbhai Shah, Nihar Nitinbhai Shah, Manisha Nitinkumar Shah and Shah Nitin Dalpatlal (HUF)
Objects of the Issue
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
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income was ₹32.69 Cr in the year ended 31 Mar 2022, rising to ₹52.04 Cr by 31 Mar 2023, and further increasing to ₹70.97 Cr by 31 Mar 2024. However, the most recent figure of ₹42.19 Cr as of 31 Oct 2024 is a 9-month figure and not directly comparable to the full fiscal years.
Profit Trend
Profit After Tax was ₹0.39 Cr in the year ended 31 Mar 2022, increasing to ₹0.47 Cr by 31 Mar 2023, and further rising to ₹1.08 Cr by 31 Mar 2024. The latest figure of ₹0.78 Cr as of 31 Oct 2024 is also a 9-month figure, making direct comparison with full fiscal years inappropriate.
Valuation
Kenrik Industries Limited has an EPS of ₹1.21, which gives it a P/E ratio of 20.74 at the issue price. This is priced at roughly 20.74 trailing earnings, compared to peers trading at P/E ratios ranging from 4.06 to 38.68.
Grey Market Premium, Explained
The Grey Market Premium (GMP) refers to the unofficial market where shares are traded before they are listed on the stock exchange. A positive GMP indicates that the IPO is expected to list at a higher price than the issue price, while a negative GMP suggests the opposite. Investors often look at GMP as a gauge of market sentiment towards an IPO.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their investment goals and risk appetite. It's essential to consider the company's fundamentals and market conditions before making a decision.
Who May Want to Wait
Investors who are risk-averse or those who prefer stable, established companies may want to avoid investing in this IPO. It is important to evaluate the company's performance and market position before committing funds.
Listing Gains — The Risk
Listing-day gains are not guaranteed and can be influenced by market conditions, investor sentiment, and overall demand for the IPO. Investors should be aware that while some IPOs may experience significant gains on their first day of trading, others may not perform as expected.
This evaluation is generated from Kenrik Industries's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
When does Kenrik Industries IPO open and close?
Kenrik Industries IPO opens on 29 April 2025 and closes on 06 May 2025.
When does Kenrik Industries IPO list on the stock exchange?
Kenrik Industries IPO listed on 09 May 2025 at ₹25.0.
What is the lot size for Kenrik Industries IPO?
The lot size for Kenrik Industries IPO is 6000 shares, requiring a minimum investment of ₹300,000 (2 lots).
What is the lot size for Kenrik Industries IPO?
The lot size for Kenrik Industries IPO is 6000 shares.
What is the minimum investment required?
The minimum investment required for Kenrik Industries IPO is ₹300,000.
What is the issue price of the IPO?
The issue price of Kenrik Industries IPO is ₹25.0 per share.
When does the IPO open and close?
The IPO opens on April 29, 2025, and closes on May 6, 2025.
When is the listing date for the IPO?
The listing date for Kenrik Industries IPO is May 9, 2025.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
29 Apr 2025
Close
06 May 2025
Allotment
07 May 2025
Listing
09 May 2025
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