Ken Enterprises Ltd IPO: Issue Details, Open/Close Date | Research 360 by Motilal Oswal
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Ken Enter.

CMP

46.70

-0.15 (-0.32%)

  • DRHP
₹94

Offer Price

₹ 83.65 Cr

Issue Size

₹ 1,12,800

Min Investment

1,200

Lot size

Time Line

  • 05
    Feb 2025
    Open
  • 07
    Feb 2025
    Close
  • 10
    Feb 2025
    Finalisation of Basis of Allotment
  • 11
    Feb 2025
    Initiation of Refunds
  • 11
    Feb 2025
    Transfer of Shares to Demat Account
  • 12
    Feb 2025
    Listing Date

Shares Offered

Number of Times Subscribed

Objects of the Offer

  • Blending Organic Innovation and Brownfield Excellence.

  • Approach global brands.

  • Focus on consistently meeting quality standards.

  • Maintaining cordial relationship with our Suppliers, Customer and employees.

  • Expanding our geographical reach.

Products & Services

  • Ken Enterprises Limited (KEL) is a distinguished textile company. KEL operates in Fabric Business and Apparel Division, providing end-to-end solutions.

Strengths

  • Diversified range of services offered.

  • Strong Client base.

  • Experience of our Promoter and core management team.

  • Quality Assurance.

  • Cost competitiveness and time bound delivery.

Risks

  • The company is dependent on third party manufacturers to manufacture its products on job work basis. The company`s business is therefore dependent to a large extent on expected performance and operation of such manufacturers.

  • There have been certain instances of non- compliances in respect of ROC filing or payments. Any penalty or action taken by any regulatory authorities in future for non-compliance with provisions of all applicable law and other law could impact on the financial position of the Company to that extent. Further, few form are not available in the company records.

  • "Its logo and Trade Mark "ken" and "KEN" are not registered yet with Registrar of Trademark; any infringement of its brand name or failures to get it registered may adversely affect the company business.

  • The company has experienced negative cash flows in the past and may continue to do so in the future and the same may adversely affect its cash flow requirements, which in turn may adversely affect its ability to operate the company business and implement the company growth plans, thereby affecting its financial condition.

  • Its operations are geographically located in one area i.e. Ichalkaranji, Kolhapur, Maharashtra and any localized social unrest, natural calamities, etc. could have material adverse effect on business and financial operations.

Company Promoters

Promoters Holding

Issue For IPO
31.49%
Pre Holding

81.21%

Post Holding

49.72%

Top Promoters Holding

Financials

All values in Cr

Mar-2022 Mar-2023 Mar-2024 3-Yr trend
Revenue 354.80 (-) 363.96 (2.60%) 402.21 (10.50%)
Gross Profit 5.18 (-) 6.45 (24.50%) 13.21 (104.80%)
Net Income 2.36 (-) 3.95 (67.40%) 8.93 (126.10%)
Assets 73.34 (-) 85.79 (17.00%) 93.27 (8.70%)
Liabilities 41.36 (-) 49.86 (20.60%) 48.41 (-2.90%)

Peers

Company Name Revenue (Cr) Net Profit (Cr) Assets (Cr) Liabilities (Cr) ROE EPS BVPS Current Ratio Debt to Assets
Ken Enterprises Ltd 391.68 8.81 92.48 48.41 0.00 0.00 170.33 1.55 0.52
Laxmi Cotspin Ltd 144.02 -0.27 119.99 119.99 -0.54 -0.16 28.64 -0.22 1.02
Pashupati Cotspin Ltd 660.68 8.30 311.05 311.05 7.00 5.43 77.57 2.66 1.27

Book Running Managers

  • Corporate Markers Capital Ltd

Registrar & Transfer Agent

Skyline Financial Services Pvt

D-153/A 1st Flr,
Okhla Industrial Are,
Phase-I - New Delhi-110020
Phone 1: 011 - 26812682 / 83 Phone 2: 011 64732681 to 88 - 40450193-97 Fax: 011 - 26812682

Company Contact Information

9/621 Industrial Estate,
Near Kalyan Kendra,
Ichalkaranji - 416115
Phone : +91-0230-2438 538 Email : cs@kenindia.in www.kenindia.in

Offer Related Information

Initial public issue of up to 88,99,200 equity shares of face value of Rs. 10/- each of Ken Enterprises Limited for cash at a issue price of Rs. 94/- per equity share (including a premium of Rs. 84/- per equity share) ("Issue Price") aggregating up to Rs. 83.65 crores comprising of fresh issue of up to 61,99,200 equity shares aggregating to Rs. 58.28 crores ("Fresh Issue") and an offer for sale of upto 27,00,000 equity shares by Nikunj Hariprasad Bagdyia and Bina Hariprasad Bagdiya... More

Ken Enter. FAQ's

The shares of Ken Enter. were first listed on the stock exchanges on June 26, 2024.

The total issue size of the Ken Enter. IPO was 1,10,00,000 shares, amounting to Rs. 132 crore. they

The minimum lot size for Ken Enter. public issue was 125 shares.

The price band of the IPO of Ken Enter. was Rs. 114 to Rs. 120 per equity share.

Ken Enter. IPO is a public issue through which the company raised approximately Rs. 132 crore by issuing around 1.1 crore equity shares to the public. After a successful IPO, the company’s shares are currently listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE), where they are freely traded without restrictions.

Bigshare Services Private Limited is the registrar and share transfer agent of Ken Enter. IPO.

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