by Blog Post: Ken Enterprises IPO: All You Need to Know
Introduction
Ken Enterprises Limited is launching its Initial Public Offering (IPO). This blog post will cover everything you need to know about the company, its management, financial details, the IPO pricing, and the application process.
About Ken Enterprises
Ken Enterprises Limited (KEL) is a textile company with over 25 years of experience, led by Managing Director Mr. Nikunj Hariprasad Bagdiya. The company specializes in manufacturing a variety of fabrics, including greige, dyed, printed, and RFD/PFD fabrics. KEL focuses on sustainability, innovation, and quality, supported by ISO certifications and modern manufacturing facilities. They cater to diverse global markets.
IPO Details
- IPO Open Date: February 5, 2025
- IPO Close Date: February 7, 2025
- Issue Type: Fixed Price Issue
- Face Value: ₹10 Per Equity Share
- IPO Price: ₹94 Per Share
- Issue Size: Approximately ₹83.65 Crores
- Fresh Issue: Approximately ₹58.27 Crores
- Offer for Sale: Approximately 27,00,000 Equity Shares
- Listing: NSE SME
- Minimum Market Lot: 1200 shares
- Application Amount: ₹1,12,800
The IPO includes a fresh issue of 61.99 lakh shares and an offer for sale of 27 lakh shares.
Objectives of the IPO
The funds from the IPO will be used to support strategic goals, including acquisitions, capital expenditure for manufacturing upgrades, and meeting working capital requirements.
Financial Performance
Key Financial Metrics:
| KPI | Values |
|---|---|
| ROE | 19.90% |
| ROCE | 51.52% |
| Debt/Equity | 0.09 |
| RoNW | 19.90% |
| PAT Margin | 2.22 |
| Price to Book Value | 3.85 |
How to Apply
The Ken Enterprises IPO opens for subscription on February 5, 2025, and closes on February 7, 2025. The minimum lot size for an application is 1200 shares, requiring a minimum investment of ₹1,12,800.
Important Dates
- IPO Open Date: February 5, 2025
- IPO Close Date: February 7, 2025
- Basis of Allotment: February 10, 2025
- Initiation of Refunds: February 11, 2025
- Credit of Shares to Demat: February 11, 2025
- Listing Date: February 12, 2025
Potential Risks
Risks include unidentified acquisitions and reliance on third-party manufacturing.
Opportunities and Growth Potential
The company has potential for growth through international expansion and technological advancements.
Lead Managers and Registrar
Corporate Makers Capital Ltd is the book-running lead manager, and Skyline Financial Services Private Ltd is the registrar for the issue. The market maker is Giriraj Stock Broking Private Limited.
Allotment Status
The allotment for the Ken Enterprises IPO is expected to be finalized on February 10, 2025.
Conclusion
Ken Enterprises IPO presents an opportunity to invest in an established textile company with a focus on quality and sustainability.
FAQs
Q: What does Ken Enterprises do?
- A: Ken Enterprises Limited is a textile company specializing in manufacturing various types of fabrics.
Q: What is the IPO price of Ken Enterprises?
- A: The IPO price is ₹94 per share.
Q: What is the minimum lot size for the IPO?
- A: The minimum lot size is 1200 shares, amounting to ₹1,12,800.
Q: When will the shares be listed on NSE SME?
- A: The shares are expected to be listed on February 12, 2025.
Q: How will the IPO proceeds be used?
- A: The funds will be used for acquisitions, capital expenditure for manufacturing upgrades, and meeting working capital requirements.
Q: Who are the lead managers for the IPO?
- A: Corporate Makers Capital Ltd is the book-running lead manager.
Q: How can I check the allotment status?
- A: The allotment status will be updated and available for review on February 10, 2025.
Disclaimer
Disclaimer: This blog post is for informational purposes only and does not constitute financial advice. Investing in the stock market carries risk. Please consult with a qualified financial advisor before making any investment decisions. The author and publisher are not responsible for any losses incurred as a result of acting on the information provided in this blog post. IPO investments are subject to market risks. Read all offer-related documents carefully before investing.
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