IPO Details

Bidding Dates

05 Feb '25 - 07 Feb '25

Minimum Investment

₹1,12,800 / 1 Lot (1200 Shares)

Price Range

₹94

Maximum Investment

₹1,12,800 / 1 Lot (1200 Shares)

Retail Discount

To be announced

Issue Size

₹83.65 Cr

Investor category and sub category

Retail Individual Investors (RII)  |   Non-institutional Investors (NII)  |  

Ken Enterprises IPO Important Dates

Important dates with respect to IPO allotment and listing

IPO Opening Date

Feb 05, 25

IPO Closing Date

Feb 07, 25

Basis of Allotment

Feb 10, 25

Initiation of Refunds

Feb 11, 25

IPO Listing Date

Feb 12, 25

Ken Enterprises IPO Subscription Details

DateNIIRetailTotal

Day 1Feb 4, 2025

 0.77 3.25 2.01

About Ken Enterprises IPO

Ken Enterprises IPO is a fixed price issue valued at ₹83.65 crore. It is a combination of a fresh issue of 61.99 lakh shares aggregating to ₹58.27 crores and an offer for sale of 27.00 lakh shares aggregating to ₹25.38 crores. The IPO opens for subscription today and closes on February 7, 2025. The allotment is expected to be finalised on February 10, 2025, with a tentative listing date of February 12, 2025, on NSE SME.

The IPO price is set at a price band of ₹94 per share. Retail investors need a minimum investment of ₹1,12,800 for one lot of 1,200 shares, while HNI investors must invest in at least two lots, amounting to ₹2,25,600.

Corporate Makers Capital Limited is the book-running lead manager for this issue, while Skyline Financial Services Private Limited serves as the registrar. Giriraj Stock Broking Private Limited is the market maker.

For detailed financial and operational information, investors can refer to the Ken Enterprises IPO DRHP. This IPO presents an opportunity to invest in a growing enterprise listed on the SME platform.

Industry Outlook

  1. The Indian textile industry, employing over 45 million people, is a vital contributor to the economy, supporting a vast network of manufacturers and exporters. With rising domestic demand and government incentives, the sector is poised for significant expansion in the coming years.
  2. Government initiatives like the PLI scheme and ATUFS aim to modernise manufacturing and enhance global competitiveness. These schemes focus on increasing investment in man-made fibres (MMF) and technical textiles, driving innovation and efficiency.

Ken Enterprises IPO Objectives 

The company proposes to utilise the net proceeds from the IPO for the following objectives:

  1. Funds will be allocated to expand and upgrade manufacturing facilities, improving efficiency and increasing production output to meet rising market demand.
  2. A portion of the proceeds will be utilised to repay outstanding borrowings, reducing the company's financial liabilities and enhancing its overall financial health.
  3. The proceeds will be used to modernise equipment and adopt advanced manufacturing technologies, improving quality, efficiency, and sustainability.
  4. The company will use part of the funds to meet its day-to-day operational expenses, ensuring smooth business operations and better cash flow management.

About Ken Enterprises Limited 

Ken Enterprises Limited, originally incorporated as Ken Textiles Private Limited on June 5, 1998, has undergone multiple transformations, including a name change to Ken Enterprises Private Limited in 2013, before converting into a public limited company on August 5, 2024. The company is headquartered in Ichalkaranji, Maharashtra, and is engaged in textile manufacturing and trading.

Ken Enterprises specialises in the production of high-quality textile products, catering to both domestic and international markets. With a strong emphasis on modernisation and operational efficiency, the company has leveraged government schemes and incentives to enhance its manufacturing capabilities.

With a well-established B2B model, the company supplies its products to large-scale manufacturers and industrial clients, ensuring consistent quality, timely delivery, and competitive pricing. The company follows stringent quality control measures, adhering to industry regulations and certifications to maintain its reputation in the market.

Ken Enterprises is now seeking to expand its operations and strengthen its financial position through an Initial Public Offering (IPO), with a focus on capacity expansion, debt reduction, and infrastructure modernisation.

How To Check the Allotment Status of the Ken Enterprises IPO?

Steps to check IPO allotment status on Angel One’s app:

  1. Log in to the Angel One app.
  2. Go to the IPO Section and then to IPO Orders.
  3. Select the individual IPO that you had applied for and check the allotment status.
  4. Angel One will notify you of your IPO allotment status via push notification and email.

How To Apply for Ken Enterprises IPO Online?

  1. Login to Your Angel One Account: Open the Angel One app or website and log in with your credentials.
  2. Locate the IPO Section: Navigate to the 'IPO' section on the platform.
  3. Select IPO: Find and select the Ken Enterprises IPO from the list of open IPOs.
  4. Enter the Lot Size: Specify the number of lots you want to bid for.
  5. Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.
  6. Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN.

Contact Details of Ken Enterprises IPO 

Registered office: 9/621 Industrial Estate, Near Kalyan Kendra,

Ichalkaranji, Maharashtra - 416115, India

Phone: +91-0230-2438538 

E-mail: cs@kenindia.in

Financial Performance of Ken Enterprises Limited

Particulars Year ending on March 31, 2024 Year ending on March 31, 2023 Year ending on March 31, 2022
Revenue from operations (in ₹ lakh) 40,220.78 36,396.26 35,479.84
PAT (in ₹ lakh) 892.73 394.85 236.46
EBITDA (in ₹ lakh) 1,975.42 481.85 950.29
ROE (%) 19.90 10.99 7.39
ROCE (%) 51.52 32.58 33.41
Current Ratio (x) 1.53 1.66 1.53
EPS 34.51 15.26 9.14

Know before investing

Strengths

5

  1. Ken Enterprises has over 25 years of experience in the textile manufacturing sector, giving it a strong market presence.

  2. The company offers a diverse range of textile products catering to both domestic and international markets.

  3. Its state-of-the-art manufacturing facilities are equipped with modern technology and advanced machinery for high-quality production.

  4. Strong leadership from its promoters, Mr. Nikunj Hariprasad Bagdiya and Mrs. Bina Hariprasad Bagdiya, supports strategic decision-making and business growth.

  5. The Indian textile industry is expected to grow significantly, driven by government incentives, rising exports, and increasing domestic demand.

Risks

5

  1. The company operates in a highly competitive textile industry, where pricing pressure and market fluctuations can impact profitability.

  2. Dependence on raw material availability and price volatility may affect production costs and margins.

  3. Regulatory changes, including environmental and labour laws, could increase compliance costs and operational challenges.

  4. Any disruptions in the supply chain, including logistics issues or delays in procurement, may impact production schedules and deliveries.

  5. Economic downturns or changes in consumer demand could affect the company’s revenue and growth prospects.

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Ken Enterprises Limited Peer Details Comparison

Company Name EBDITA (in ₹ lakh) PAT (in ₹ lakh) Return on Equity (%)
Ken Enterprises Limited 1,975.42 892.73 19.90
Laxmi Cotspin Limited 594.01 (24.14) (0.38)
Pashupati Cotspin Limited 3,952.33 830.39 7.00

Ken Enterprises IPO FAQs

What is the Ken Enterprises IPO?

Ken Enterprises IPO is a fixed price issue IPO. It will be open from February 5, 2025, to February 7, 2025.

When will the Ken Enterprises IPO be allotted?

The Basis of Allotment will happen on Monday, February 10, 2025. 

When will the Ken Enterprises IPO open for subscription?

The IPO subscription window will open on February 5, 2025.

What minimum lot size can retail investors subscribe to?

The minimum lot size retail investors can subscribe to is 1 lot, and the lot size is 1200 shares.

When will Ken Enterprises Limited list on exchanges?

The listing date for Ken Enterprises Limited is Wednesday, February 12, 2025.

What is the issue size of the Ken Enterprises IPO?

The issue size of the Ken Enterprises IPO is up to ₹25.92 crores, consisting of a combination of a fresh issue of 61.99 lakh shares aggregating to ₹58.27 crores and an offer for sale of 27.00 lakh shares aggregating to ₹25.38 crores.

What are the open and close dates of the Ken Enterprises IPO?

The open and close dates for Ken Enterprises IPO are from February 5, 2025, to February 7, 2025.

What would be the listing gains on the Ken Enterprises IPO?

Listing gains cannot be ascertained before the listing of the IPO on the stock exchange. 

How to increase your chances of getting a Ken Enterprises IPO allotment?

  1. Multiple Submissions: Use different Demat accounts to make multiple applications.
  2. Higher Price Band Bidding: Opt for bidding at the cut-off price or higher price band.
  3. Timely Subscription: Ensure you subscribe to the IPO within the specified time frame.

How do I approve the UPI mandate request for the Ken Enterprises IPO?

You must complete the payment process by logging in to your UPI handle and approving the payment mandate.

Can I submit more than one application for the public issue of Ken Enterprises Limited using one PAN?

You can submit only one application using your PAN card.

How to read Ken Enterprises Limited's financial statements?

To read Ken Enterprises’s financial statements, download the IPO’s  DRHP document.

What is 'pre-apply' for Ken Enterprises Limited IPO?

Pre-apply allows investors to apply for the  Ken Enterprises  IPO two days before the subscription period opens, ensuring an early submission of your application.

If I pre-apply for the Ken Enterprises Limited IPO, when will my order get placed?

Your order will be placed when the IPO opens for bidding, and a UPI request will follow within 24 hours.

When will I know if my Ken Enterprises Limited IPO order is placed?

You will receive a notification once your order is successfully placed with the exchange after the bidding starts. 

Who is the registrar of Ken Enterprises IPO?

Skyline Financial Services Private Limited is the registrar responsible for managing the IPO allotment process and handling investor queries.

Where is the Ken Enterprises IPO getting listed?

Ken Enterprises Limited IPO is proposed to be listed on the SME platform of the National Stock Exchange (NSE).