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Kenrik Industries IPO

  • Status: Closed
  • RHP:
  • ₹ 150,000 / 6000 shares

    Minimum Investment

IPO Details

  • Open Date

    29 Apr 2025

  • Close Date

    06 May 2025

  • Listing Date

    09 May 2025

  • IPO Price Range

    ₹ 25

  • IPO Size

    ₹ 8.74 Cr

  • Listing Exchange

    BSE SME

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IPO Timeline

Kenrik Industries IPO Subscription Status

Last Updated: 09 May 2025 12:27 PM by 5Paisa

Kenrik Industries Limited is launching an ₹8.75 Cr IPO, specializing in the design and distribution of traditional Indian jewellery. Their product range includes handmade gold jewellery with diamonds, rubies, and cubic zirconia. Offering rings, earrings, necklaces, watches, and wedding jewellery, their items are crafted per customer specifications at their Ahmedabad facility. Operating under a B2B model, Kenrik focuses on quality control, inventory management, and business development, with BIS Hallmark certification.

Established in: 2017
Managing Director: Nitinkumar Dalpatbhai Shah

Peers

Veerkrupa Jewellers Limited
Motisons Jewellers Limited
Khazanchi Jewellers Limited
 

Objectives

1. Working capital requirements of the company
2. General corporate purposes
 

Kenrik Industries IPO Size

Types Size
Total IPO Size ₹8.75 Cr.
Offer For Sale -
Fresh Issue ₹8.75 Cr.

 

 Kenrik Industries IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 6000 150,000
Retail (Max) 1 6000 150,000
HNI (Min) 2 12,000 300,000

Kenrik Industries IPO Reservation

Investors Category Subscription (times) Shares Offered Shares bid for Total Amount (Cr.)*
NII (HNI) 0.20 16,56,000 3,24,000 0.81
Retail 3.79 16,56,000 63,00,000 15.75
Total** 2.00 33,18,000 66,24,000 16.56

 

*The "Shares Offered" and "Total Amount" are calculated using the upper limit of the issue price range.
**Shares allocated to anchor investors (or market makers) are excluded from the total number of shares offered.

Kenrik Industries Landscape and Growth Potential

●  According to IBEF, India’s gold and diamond trade contributes ~7% to GDP and employs ~5 million.
● The government has prioritized the gems and jewellery sector for export promotion.
● 100% FDI is allowed in the sector under the automatic route for foreign investment.
● India’s CEPA with the UAE aims to triple exports, boosting growth potential for the industry.

 

Why Invest in Kenrik Industries IPO?

● The Indian gems and jewellery sector is growing rapidly, with government backing boosting exports and investments.
● Kenrik offers a wide range of BIS-certified handmade jewellery catering to various customer segments.
● The company has shown consistent revenue growth and improving profitability, indicating strong financial potential.
● The IPO provides an opportunity to invest in a well-established company with potential for future growth.

Profit and Loss

Balance Sheet

Particulars (in Rs. Crores) FY22 FY23 FY24
Revenue 32.69 52.04 70.97
EBITDA 0.55 0.67 1.46
PAT 0.39 0.47 1.08
Particulars (in Rs. Crores) FY22 FY23 FY24
Total Assets 12.47 15.59 15.80
Share Capital 9.00 9.00 9.00
Total Borrowings 0.35 0.57 0.78
Particulars (in Rs. Crores) FY22 FY23 FY24
Net Cash Generated From / (used in) operating activities -5.02 0.29 2.39
Net Cash Generated From / (used in) investing activities -0.01 -0.51 0.05
Net Cash Generated From / (used in) financing activities 5.02 0.22 0.21
Net Increase (Decrease) In Cash And Cash Equivalents -0.01 - 2.65


Strengths

1. Diverse product range catering to different preferences and budgets.
2. Strict BIS-certified quality control and advanced testing equipment.
3. Secure inventory storage with CCTV surveillance and security personnel.
4. Sustainable sourcing and ethical labor practices.
 

Weaknesses

1. Ongoing legal proceedings may impact business prospects.
2. Negative cash flows in previous years.
3. Unprotected jewellery designs at risk of replication.
4. Manufacturing through third-party job workers increases competition risk.
 

Opportunities

1. Expanding market presence through B2B model across diverse segments.
2. Leveraging sustainable practices to attract eco-conscious consumers.
3. Potential for long-term supplier contracts to reduce risks.
4. Improving intellectual property protection for design uniqueness.
 

Threats

1. High inventory costs could adversely affect profitability.
2. Recallable unsecured loans pose financial instability.
3. Risk of supply chain disruption without long-term contracts.
4. Competitors may replicate unprotected designs, impacting revenue.
 

Will You Apply for Kenrik Industries IPO?

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FAQs

Kenrik Industries IPO opens from 29 April 2025 to 6 May 2025.

The size of Kenrik Industries IPO is ₹8.75 Cr.

The price of Kenrik Industries IPO is fixed at ₹25 per share. 

To apply for Kenrik Industries IPO, follow the steps given below:

● Login to your 5paisa account and select the issue in the current IPO section    
● Enter the number of lots and the price at which you wish to apply for the Kenrik Industries  IPO.    
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.    

You will receive a mandate notification to block funds in your UPI app.
 

The minimum lot size of Kenrik Industries IPO is 6,000 shares and the investment required is ₹150,000.
 

The share allotment date of Kenrik Industries IPO is 7 May 2025

The Kenrik Industries IPO will likely be listed on 9 May 2025.

Turnaround Corporate Advisors Pvt Ltd is the book running lead manager for Kenrik Industries IPO.
 

Kenrik Industries plans to utilise the raised capital from the IPO for:

1. Working capital requirements of the company
2. General corporate purposes