Ken Enterprises Limited
IPO Details
Subscription
Lot Distribution
Reservation
Company Fin.
₹5(5.32%)
Premium (ELP)
The Initial Public Offering of Ken Enterprises Limited's culminated in its successful listing on Feb 12, 2025 at the NSE trading platform. The company secured 88,99,200 Shares through this capital market exercise, with 61,99,200 Shares allocated to new capital formation and ₹25.38 Cr to existing shareholder liquidity.
Investors participated within the price parameters of ₹94 to ₹94, with minimum investment requirements of 1200 shares. The subscription period from Feb 05, 2025 to Feb 07, 2025 witnessed active investor engagement across categories.
Following the subscription closure, share allotment was processed on Feb 10, 2025. The subsequent listing established a public market for the company's shares, enabling price discovery and secondary market trading for investors.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Ken Enterprises Limited, founded in 1998, is a textile manufacturer specializing in greige fabrics used for clothing, industrial, and home furnishing applications. The company works on an order-to-order basis, offering both regular and sustainable fabrics in various finishes, including dyed (through third parties), printed, and RFD/PFD fabrics. To boost production, it partners with third-party manufacturers in and around Ichalkaranji, Maharashtra, a key fabric weaving hub. Ken Enterprises has two manufacturing units in Shirol taluka near Ichalkaranji, covering 50,000 square feet and equipped with modern textile machinery. As of December 31, 2024, the company employed 228 permanent workers, ensuring quality products and smooth operations.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
- Strong Leadership & Skilled Team: Guided by an experienced management team and backed by 228 dedicated employees, ensuring smooth operations and high-quality production.
- Steady Financial Growth: A reliable business model that generates consistent revenue through order-based supply of greige and finished fabrics.
- Smart & Flexible Operations: Follows an asset-light approach by using third-party manufacturing, keeping costs low while allowing for easy scaling and adaptability.
- Dependence on Third-Party Manufacturers: The company relies on outside manufacturers for production, which can lead to challenges like quality issues and delays in delivery.
- Regulatory & Compliance Risks: There have been some lapses in regulatory filings and payments, which could result in fines or other actions affecting the company’s finances.
- Negative Cash Flows: The company has experienced cash shortages in the past, which might continue and impact its ability to manage operations and expand.
- Mr. Nikunj Hariprasad Bagdiyaand
- Mrs. Bina Hariprasad Bagdiya
Ken Enterprises Limited
Skyline Financial Services Private Limited