Ken Enterprises Limited IPO: A price range of 94 naira per equity share, with a face value of 10 naira each, has been set for the Ken Enterprises Limited IPO (initial public offering). The minimum bid amount is 1,200 equity shares, and after that, bids can be placed in 1,200 equity shares multiples. Let’s find out more about this enterprise and its IPO.
Overview of Ken Enterprises Limited
Located in Ichalkaranji, the vibrant center of the Indian textile sector, the Ken Enterprises Group has established a strong reputation for quality. A fabric division with ISO 9001:2015 certification, Ken Enterprises Limited, seamlessly combines modern professionalism and traditional experience with state-of-the-art technology. Additionally, they established strategic alliances with linked fabric production facilities to guarantee unwavering standards of quality.
A lively and forward-thinking textile company, Ken India focuses on offering premium fabrics worldwide. Their steadfast dedication to providing outstanding customer service and upholding moral principles distinguishes them. They provide customized solutions to satisfy a range of needs thanks to their team of skilled experts. Their commitment to excellence, professionalism, and integrity motivates them to continuously go above and beyond expectations.
Details of Ken Enterprises Limited IPO & Objectives
Key details of the Ken Enterprises Limited IPO are given below:
| Opening Date of the IPO | 5 February, 2025 |
| Closing Date of the IPO | 7 February, 2025 |
| Allotment Date | 10 February, 2025 |
| Listing Date | 12 February, 2025 |
| Lot Size | 1200 Shares |
| Listed At | NSE SME |
| Face Value | ₹ 10 per share |
| Issue Type | Fixed Price issue |
No money from the offer for sale will be given to the company, and the Ken Enterprises Limited IPO intends to use the money being raised to finance the following initiatives:
In order to fulfill working capital requirements,
Unknown Purchases Made in India,
Other countries capital expenditure for the purchase of new machinery to renovate both manufacturing facilities.
Ken Enterprises Limited IPO GMP
According to the analysts, shares of Ken Enterprises were trading at their issue price of 94 with no discount or premium or in the grey market, as the company’s IPO GMP, or gray market premium, was 0 kr.
Note: An indication of investors’ willingness to pay more than the price issues is the “grey market premium.”
For the period that concluded on November 30, 2024, the company brought in Rs 332.85 crore. Although revenue has consistently climbed over time, the most recent period saw a tiny drop. Moreover, the total net worth of the company amounted to Rs 10.93 crore. As of November 2024, the company’s PAT was Rs 9.53 crore. Profitability has varied greatly, with the most recent period seeing a sharp decline.
Final Verdict
As of February 1st, 2025, the GMP for Ken Enterprises IPO was ₹0, indicating that shares were trading at their issue price with zero discount or premium in the grey market. This suggests a limited upside potential in the short term.
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