Ken Enterprises IPO is a fixed-price issue amounting to Rs 83.65 crores, comprising a fresh issue of 61.99 lakh shares totaling Rs 58.27 crores and an offer for sale of 27.00 lakh shares aggregating to Rs 25.38 crores.
The subscription for the Ken Enterprises IPO opened on February 5, 2025, and will close on February 7, 2025. The allotment process is expected to be finalized on Monday, February 10, 2025. The IPO is scheduled to list on the NSE SME, with a tentative listing date set for Wednesday, February 12, 2025.
Ken Enterprises operates in the textile sector. They specialize in manufacturing fabrics for various applications, including apparel, industrial uses, technical textiles, shirting, and home furnishings. The company has been in operation since 1998 and is known for producing both regular and sustainable fabrics.
The Ken Enterprises IPO is priced at ₹94 per share. Investors must apply for a minimum lot size of 1,200 shares. Retail investors are required to make a minimum investment of ₹1,12,800, while high-net-worth individuals (HNI) must apply for at least 2 lots (2,400 shares), amounting to ₹2,25,600.
Corporate Makers Capital Ltd. is the book-running lead manager for the Ken Enterprises IPO, with Skyline Financial Services Private Ltd serving as the registrar for the issue. The market-making responsibilities will be managed by Giriraj Stock Broking Private Limited.
Ken Enterprises IPO Details:
| Company Name | Ken Enterprises Limited |
| Sector | Textile |
| IPO Type | SME |
| IPO Open date | 05th Feb 2025 |
| IPO Close date | 07th Feb 2025 |
| Listing Exchanges | NSE |
| DRHP Draft Prospectus | Click to check |
| RHP Draft Prospects | Click to check |
Ken Enterprises IPO Lot Size:
| Application | Lot Size | Shares | Amount |
| Retail (Min) | 1 | 1200 | 1,12,800 |
| HNI (Min) | 2 | 2400 | 2,25,600 |
Ken Enterprises IPO Timeline:
| IPO Open Date | 05th Feb 2025 |
| IPO Close Date | 07th Feb 2025 |
| Basis of Allotment | 10th Feb 2025 |
| Refund Initiation Date | 11th Feb 2025 |
| Shares Credit to Demat | 11th Feb 2025 |
| Listing Date | 12th Feb 2025 |
Things to Consider before applying for an IPO
Financial Performance: Review Ken Enterprises’ Financials to understand its revenue, profitability, and growth prospects.
Industry Outlook: Consider the overall health of India’s Textile Industry.
Valuation: Compare the price band to similar companies in the industry to see if the IPO is priced fairly.
Management Team: Research the experience and capabilities of the management team.
Our Verdict
This IPO offers a good opportunity to invest in Ken Enterprises and be a part of its growth.
FAQ
What is Grey Market Premium (GMP)?
The Grey Market Premium (GMP) represents the price at which an Initial Public Offering (IPO) is traded in the unregulated grey market before its official listing. It serves as an indicator of how the IPO might perform on the listing day. Seeing the latest GMP, investors can estimate the listing performance of the IPO.
