Ken Enterprises IPO - Day 3 Subscription at 3.81 Times

Ken Enterprises' initial public offering (IPO) has received moderate investor interest over the three-day period. The IPO witnessed steady growth in demand, with subscription rates progressing from 2.01 times on day one, to 3.70 times on day two, and reaching 3.81 times by 10:59 AM on the final day.
 

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Ken Enterprises IPO, which opened on February 5, 2025, has seen mixed participation across categories. The Retail Investors segment has shown good interest, reaching 6.24 times subscription, while Non-Institutional Investors achieved 1.39 times subscription.

Subscription Status of Ken Enterprises IPO:

Here are the subscription details for Ken Enterprises IPO as of Day 3 (February 7, 2025, 10:59 AM):

Note:

• "Shares Offered" and "Total Amount" are calculated based on the fixed price of ₹94
• The portion of market maker is not included in the total shares offered

Key Highlights - Day 3:

• Overall subscription reached 3.81 times on the final day
• Retail investors showing strong interest at 6.24 times subscription
• Non-Institutional Investors achieved 1.39 times subscription
• Total bids worth ₹303.04 crores received
• Applications reached 23,392 showing good retail interest
• Market response indicating moderate demand
• All categories showing oversubscription
• Final day demonstrating steady investor confidence

Ken Enterprises IPO - Day 2 Subscription at 3.70 Times

Key Highlights:

• Overall subscription grew to 3.70 times
• Retail investors showed strong growth to 6.08 times
• NII segment increased to 1.32 times
• Day two witnessed steady momentum
• Market response showing growing confidence
• All segments demonstrating consistent growth
• Strong retail participation continuing

Ken Enterprises IPO - Day 1 Subscription at 2.01 Times

Key Highlights:

• Overall subscription opened at 2.01 times
• Retail investors began well at 3.25 times
• NII segment started at 0.77 times
• Opening day showed promising response
• Initial momentum indicating good interest
• Market confidence evident in retail segment
• Strong retail participation from start

About Ken Enterprises Limited

Ken Enterprises Limited, established in 1998, has evolved into a significant player in textile manufacturing, specializing in diverse fabric production. The company's operations are centered in Ichalkaranji, Maharashtra, where it operates two manufacturing facilities spanning 50,000 square feet. Their business model combines in-house production with strategic third-party manufacturing partnerships, focusing on greige fabrics and various textile products including apparel, industrial, and home furnishing materials.

Their financial performance demonstrates steady growth with revenue increasing from ₹375.23 crores in FY2023 to ₹409.13 crores in FY2024, while profit after tax rose from ₹3.95 crores to ₹8.93 crores in the same period. For the eight months ended November 30, 2024, the company reported revenue of ₹332.85 crores with a PAT of ₹9.53 crores, showcasing robust operational efficiency.

Their competitive strengths include:

• Experienced leadership with dedicated employee base
• Robust financial performance and asset-light model
• Strong client relationships and diverse product portfolio
• In-house product development expertise
• Quick development and delivery capabilities
• Strategic manufacturing locations
• Comprehensive textile solutions
   

Highlights of the Ken Enterprises IPO:

• IPO type: Fixed Price Issue IPO
• IPO size: ₹83.65 crores
• Fresh Issue: ₹58.27 crores
• Offer for Sale: ₹25.38 crores
• Face value: ₹10 per share
• Issue price: ₹94 per share
• Lot size: 1,200 shares
• Minimum investment for retail investors: ₹1,12,800
• Minimum investment for HNI: ₹2,25,600 (2 lots)
• Market maker reservation: 4,45,200 shares
• Listing at: NSE SME
• IPO opens: February 5, 2025
• IPO closes: February 7, 2025
• Allotment date: February 10, 2025
• Refund initiation: February 11, 2025
• Credit of shares: February 11, 2025
• Listing date: February 12, 2025
• Lead Manager: Corporate Makers Capital Ltd.
• Registrar: Skyline Financial Services Private Ltd
• Market Maker: Giriraj Stock Broking Private Limited