Kent RO Systems, a prominent name in water purifiers, has filed draft papers for an initial public offering (IPO) on January 22, 2025. With its founders and promoters collectively offloading a 10% stake, this marks a significant step for the company as it seeks to make its stock market debut.
The IPO will consist entirely of an offer for sale (OFS) by the company’s promoters—Mahesh Gupta, Sunita Gupta, and Varun Gupta. Together, they plan to sell 10.1 million shares out of their combined 99.77% stake.
This move will reduce the promoters’ collective holding in Kent to 89.77%, ensuring compliance with public listing norms.
Kent RO Systems, founded in 1999 by Mahesh Gupta, is well-known for its water purification solutions. The company has since diversified its product offerings, including vacuum cleaners, fans, and kitchen appliances.
For the financial year ending March 2024, Kent reported:
Despite this steady growth, Kent’s revenue trails behind its larger competitor, Eureka, which reported ₹2,189 crore for FY24.
Kent’s IPO comes at a time of increased activity in the Indian stock market.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Jan 22, 2025, 3:51 PM IST
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