Kenrik Industries IPO - Day 5 Subscription at 1.65 Times

Kenrik Industries' initial public offering (IPO) has shown steady progress through its five-day subscription period. The ₹8.75 crore IPO has witnessed consistent growth in demand, with subscription rates advancing from 0.25 times on day one, improving to 0.49 times on day two, reaching 0.77 times on day three, crossing full subscription at 1.30 times on day four, and closing at 1.65 times by 12:09 PM on the final day, demonstrating growing investor interest in this designer and distributor of traditional Indian jewellery that specializes in handmade gold jewellery studded with precious and semi-precious stones.

Kenrik Industries IPO retail segment leads with an impressive 3.12 times subscription, while non-institutional investors show minimal interest at 0.18 times, reflecting a highly selective investor approach toward this company that operates a Business-to-Business (B2B) model catering to customers across high-end, mid-market, and value market segments with products manufactured on a job-work basis at its facility in Ahmedabad, Gujarat.
 

Subscription Status of Kenrik Industries IPO:

Here are the subscription details for Kenrik Industries IPO as of Day 5 (May 6, 2025, 12:09 PM):

Note:
 

• "Shares Offered" and "Total Amount" are calculated based on the upper price of the issue price range.
• The portions of anchor investors and market maker are not included in the total shares offered.

Key Highlights - Day 5:

• Overall subscription closed at 1.65 times, crossing full subscription comfortably
• Retail investors showing exceptional enthusiasm at 3.12 times subscription
• NII segment showing limited final interest at 0.18 times, though tripled from day three's 0.06 times
• Total applications reaching 944, reflecting modest but focused investor participation

Kenrik Industries IPO - Day 4 Subscription at 1.30 Times

Key Highlights:

• Overall subscription crossing full subscription milestone at 1.30 times
• Retail investors showing strong enthusiasm at 2.43 times subscription
• NII segment showing improved though still limited interest at 0.16 times
• Fourth day seeing significant acceleration in retail investor interest
• Market response confirming pattern of retail-led subscription

Kenrik Industries IPO - Day 3 Subscription at 0.77 Times

Key Highlights:

• Overall subscription improved to 0.77 times, approaching but still below full subscription
• Retail investors exceeding full subscription at 1.48 times, showing growing individual investor confidence
• NII segment showing slight improvement to 0.06 times, with limited progress from previous days
• Third day continuing to demonstrate the same pattern of retail-led subscription

Kenrik Industries IPO - Day 2 Subscription at 0.49 Times

Key Highlights:

• Overall subscription improving to 0.49 times, showing moderate growth from day one
• Retail investors approaching full subscription at 0.94 times, nearly doubling day one's 0.49 times
• NII segment showing minimal improvement to 0.03 times from day one's 0.02 times
• Day two momentum building gradually with retail investors leading the subscription

Kenrik Industries IPO - Day 1 Subscription at 0.25 Times

Key Highlights:

• Overall subscription opening at moderate 0.25 times, showing cautious initial investor approach
• Retail investors beginning with decent interest at 0.49 times, approaching half of their allocation
• NII segment showing minimal initial interest at 0.02 times, reflecting very cautious evaluation
• Opening day demonstrating selective investor engagement concentrated in retail segment

About Kenrik Industries Limited

Founded in 2017, Kenrik Industries Limited specializes in the design and distribution of traditional Indian jewellery. The company focuses on handmade gold jewellery studded with precious and semi-precious stones. The company operates under a Business-to-Business (B2B) model, catering to customers across high-end, mid-market, and value market segments. Their 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 places strong emphasis on quality control, inventory management, and business development, ensuring all jewellery is certified by BIS Hallmark to maintain quality standards.

Highlights of the Kenrik Industries IPO:

• IPO type: Fixed Price IPO
• IPO size: ₹8.75 crores
• Fresh Issue: 34.98 lakh shares
• Face value: ₹10 per share
• Issue price: ₹25 per share
• Lot size: 6,000 shares
• Minimum investment for retail investors: ₹1,50,000
• Minimum investment for HNI: ₹3,00,000 (2 lots)
• Market maker reservation: 1,80,000 shares
• Listing at: BSE SME
• IPO opens: April 29, 2025
• IPO closes: May 6, 2025
• Allotment date: May 7, 2025
• Listing date: May 9, 2025