Kenrik Industries Limited
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Kenrik Industries Limited's completed its IPO journey with a successful listing on BSE on May 09, 2025. The public offering mobilized 34,98,000 Shares in total capital, comprising 34,98,000 Shares in fresh equity.
The offering was conducted within the price band of ₹25 to ₹25, with minimum application lots of 6000 shares. Investor participation during the Apr 29, 2025 to May 06, 2025 subscription window determined the final allocation pattern.
The basis of allotment was announced on May 07, 2025, finalizing share distribution to successful applicants. The listing represents a significant corporate development, providing the company with enhanced visibility and access to public capital markets.
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.
Kenrik Industries Limited, incorporated in 2017, designs and distributes traditional handmade gold jewellery featuring diamonds, rubies, cubic zirconia, and other precious or semi-precious stones. Its product range includes rings, earrings, armlets, pendants, chains, bracelets, bangles, watches, luxury accessories, and specialized wedding jewellery. Operating under a pure B2B model, the company caters to high-end, mid-market, and value segments, while the actual manufacturing is executed on a job-work basis at its Ahmedabad facility. Focused heavily on quality control and inventory management, Kenrik ensures all products are BIS Hallmark certified. As of July 31, 2024, the company had a small team of 9 employees.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
- Established Track Record: Proven expertise in designing and distributing traditional Indian jewellery since 2017.
- Experienced Leadership: Strong guidance from seasoned promoters and a skilled management team.
- Efficient Workforce: Lean, motivated team ensuring quality control, timely delivery, and customer satisfaction.
- Geographic Concentration Risk: Heavy reliance on the Gujarat market makes the business vulnerable to regional disruptions.
- Quality & Reputation Risk: Customer complaints or quality issues could harm brand reputation and financial performance.
- Inventory Cost Risk: High inventory holding costs may negatively affect the company’s profitability and financial stability.
- Nitinkumar Dalpatbhai Shah
- Nihar Nitinbhai Shah
- Manisha Nitinkumar Shah
- Shah Nitin Dalpatlal (HUF)
Kenrik Industries Limited
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