Kenrik Industries IPO Allotment Status

Kenrik Industries Limited, incorporated in 2017, is engaged in the design and distribution of traditional Indian jewellery. The Kenrik Industries IPO comes with a total issue size of ₹8.75 crore, comprising entirely a fresh issue of 34.98 lakh shares. The IPO opened on April 29, 2025, and closed on May 6, 2025. The allotment date for the Kenrik Industries IPO is expected to be finalized on Wednesday, May 7, 2025.

Steps to Check Kenrik Industries IPO Allotment Status on Registrar Site

• Visit Skyline Financial Services Private Ltd website
• Select "Kenrik Industries IPO" from the dropdown menu on the allotment status page
• Enter your PAN ID, Demat Account Number, or Application Number in the designated field
• Complete the captcha verification process and click on the "Submit" button to view your allotment status

Steps to Check Kenrik Industries IPO Allotment Status on BSE

• Navigate to the BSE SME IPO Allotment Status Page
• Choose "Kenrik Industries IPO" from the list of active IPOs in the dropdown menu
• Input your Application Number and PAN ID in the required fields
• Verify the captcha and click "Search" to check your allotment status

Kenrik Industries IPO Subscription Status

Kenrik Industries IPO received moderate investor interest, being subscribed 2.00 times overall. Here is a category-wise breakdown of the subscription as of 6:19:33 PM on May 6, 2025:

• Retail Category: 3.79 times
• Non-Institutional Investors (NII): 0.20 times

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Utilization of IPO Proceeds

The funds raised through the IPO will be utilized as follows:

• Working Capital: To meet working capital requirements
• General Corporate Expenses: Supporting various business initiatives   

Business Overview

The company's product range features handmade gold jewellery studded with precious and semi-precious stones, including diamonds, rubies, and cubic zirconia. Kenrik Industries 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. The company currently operates under a Business-to-Business (B2B) model, catering to customers across high-end, mid-market, and value market segments, with a team of 9 employees as of July 31, 2024.