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.
Kenrik Industries IPO – Details
| IPO Opening Date | 28 April 2025 |
| IPO Closing Date | 06 May 2025 |
| Issue Type | Fixed Price Issue IPO |
| Issue Size | Total Issue Size: 34,98,000 Shares Worth ₹8.75 Crore Fresh Issue: 34,98,000 Shares Worth ₹8.75 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹25 |
| Market Lot | 2000 Shares |
| Min Order | 2000 Shares (1 Lot) |
| Listing At | BSE SME |
| Register | Skyline Financial Services Private Ltd |
| Retail Shares Offered | 50% |
| Other Shares Offered | 50% |
Kenrik Industries IPO – Date Schedule
| IPO Open Date | 28 April 2025 |
| IPO Close Date | 06 May 2025 |
| Basis of Allotment | 07 May 2025 |
| Initiation of Refund | 08 May 2025 |
| Credit of Shares to Demat Account | 08 May 2025 |
| IPO Listing Date | 09 May 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on May 06, 2025 |
Kenrik Industries IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 6000 | ₹1,50,000 |
| Retail (Max) | 1 | 6000 | ₹1,50,000 |
| HNI (Min) | 2 | 12000 | ₹3,00,000 |
Competitive Strengths
- Established and proven track record;
- Leveraging the experience of the Promoters;
- Experienced management team and a motivated and efficient work force;
- Cordial relations with the customers;
- Quality Assurance & Control.
Company Promoters
- Nitinkumar Dalpatbhai Shah
- Nihar Nitinbhai Shah
- Manisha Nitinkumar Shah
- Shah Nitin Dalpatlal (HUF)
Company Financials
| Particulars | Total Revenue | Profit After Tax | Total Borrowing |
|---|---|---|---|
| 31 March 2022 | 32.69 | 0.38 | 0.34 |
| 31 March 2023 | 52.04 | 0.47 | 0.56 |
| 31 March 2024 | 70.97 | 1.08 | 0.77 |
| 31 October 2024 | 42.18 | 0.78 | 0.98 |
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | – |
| ROCE | – |
| Debt/Equity | – |
| RoNW | – |
| PAT Margin | – |
| Price to Book Value | – |
| Pre IPO | Post IPO | |
| EPS (Rs) | – | – |
| P/E (x) | – | – |
Object Of The Issue
- To meet Working Capital Requirements.
- General Corporate Purpose.
Kenrik Industries IPO Promoter Holding
| Pre Issue Share Holding | 99.99% |
| Post Issue Share Holding | 72.01% |
Kenrik Industries IPO Prospectus
Company Contact Information
| Kenrik Industries Limited B-306, East Face, Behind Maruti Suzuki Showroom, Nr. S P Ring Road, Ambli Road, Ambli, Daskroi, Ahmedabad, Gujarat – 380058, India Phone: +91-9687141430 Email: cs@kenrikindustries.net Website: http://www.kenrikindustries.net/ |
Kenrik Industries IPO Registrar
| Skyline Financial Services Private Ltd Phone: 02228511022 Email: ipo@skylinerta.com Website: https://www.skylinerta.com/ipo.php |
Kenrik Industries IPO Lead Manager(s)
| 1. Turnaround Corporate Advisors Private Limited |
Kenrik Industries IPO FAQs
| What is Kenrik Industries IPO? Kenrik Industries IPO is an SME IPO. The issue is priced at ₹25 per equity share. The IPO is to be listed on BSE SME. |
| When Kenrik Industries IPO will open? The IPO is to open on 29 April 2025 for NII and Retail Investors. |
| What is Kenrik Industries IPO Investors Portion? The investors’ portion for NII – 50%, and Retail – 50%. |
| How to Apply the Kenrik Industries IPO? You can apply Kenrik Industries IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Kenrik Industries IPO through Angle One? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Kenrik Industries IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Angle One. |
| How to Apply the Kenrik Industries IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Kenrik Industries IPO“. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the Kenrik Industries IPO through Upstox? Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Kenrik Industries IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox. |
| How to Apply the Kenrik Industries IPO through IIFL? Log in to IIFL Application with your credentials. Select the IPO. You will see the IPO Name “Kenrik Industries IPO“. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with IIFL. |
| What is Kenrik Industries IPO Size? Kenrik Industries IPO size is ₹8.75 Crore. |
| What is the Kenrik Industries IPO Price Band? Kenrik Industries IPO Price Band is ₹25. |
| What is Kenrik Industries IPO Minimum and Maximum Lot Size for Retail? The minimum bid is 6000 Shares with ₹1,50,000 amount while the maximum bid is 6000 Shares with ₹1,50,000. |
| What is the Kenrik Industries IPO Allotment Date? Kenrik Industries IPO allotment date is 07 May 2025. |
| What is the Kenrik Industries IPO Listing Date? Kenrik Industries IPO listing date is 09 May 2025. The IPO is to be listed on BSE SME. |
