Ken Enterprises
CLOSEDIPO Date: 5 Feb - 7 Feb 2025
Listing Date: 12 Feb 2025
Price Range
₹94 – ₹94
Issue Size
84 Cr
Min Investment
₹1,12,800
Lot Size
1200 Shares
Schedule of Ken Enterprises
Issue open date
5 Feb 2025
Issue close date
7 Feb 2025
UPI mandate deadline
7 Feb 2025 (5 PM)
Allotment finalization
10 Feb 2025
Share credit
11 Feb 2025
Listing date
12 Feb 2025
Mandate end date
20 Feb 2025
Issue size
| Funds Raised in the IPO | Amount |
|---|---|
| Overall | 84 Cr |
| Fresh Issue | 58.27 Cr |
| Offer for Sale | 25.38 Cr |
Allotment DetailsNew
| Allotment Timeline | Details |
|---|---|
| Allotment Date | 10 Feb 2025 |
| Allotment Link | {Link} |
Grey Market PremiumNew
Grey Market Premium (GMP) is the premium at which the shares are traded in the grey market. It gives a fair idea about the listing price of the IPO shares. The GMP can be positive or negative based on the demand and supply of the shares in the grey market.
| Date | Ipo Price | GMP | Estimated Listing Price |
|---|---|---|---|
| 12 Feb 2025 | ₹94 | ₹5 | ₹99 (5.32%) |
| 11 Feb 2025 | ₹94 | ₹5 | ₹99 (5.32%) |
| 10 Feb 2025 | ₹94 | ₹5 | ₹99 (5.32%) |
| 9 Feb 2025 | ₹94 | ₹5 | ₹99 (5.32%) |
| 8 Feb 2025 | ₹94 | ₹5 | ₹99 (5.32%) |
| 7 Feb 2025 | ₹94 | ₹5 | ₹99 (5.32%) |
| 6 Feb 2025 | ₹94 | ₹5 | ₹99 (5.32%) |
| 5 Feb 2025 | ₹94 | ₹25 | ₹119 (26.1%) |
| 4 Feb 2025 | ₹94 | ₹36 | ₹130 (38.3%) |
| 3 Feb 2025 | ₹94 | ₹0 | ₹94 (0%) |
Performance Ken Enterprises
| Issue Price | Listing Gain | Current Market Price | P/L |
|---|---|---|---|
| ₹94 – ₹94 | ₹ 80 (-9.57%) | ₹ 59.7 | -36.49% |
About Ken Enterprises
Incorporated in 1998, Ken Enterprises is engaged in the manufacturing of greige and finished fabrics for various applications, including apparel, home textiles, and industrial use. The company operates with an asset-light model, relying on third-party manufacturers in Ichalkaranji, Maharashtra, to support its production capacity. Its product range includes a variety of fabrics, from organic and sustainable options to more traditional offerings. Ken Enterprises serves both domestic and international markets, with clients such as ZARA, Target, and Primark. The company holds ISO 9001:2015 and GOTS (Global Organic Textile Standard) certifications, ensuring quality standards.
| Founded in | 1998 |
| Managing director | Mr. Nikunj Hariprasad Bagdiya |
| Parent organization | Ken Enterprises Ltd |
Financial Overview
Strengths
- Asset-light model enabling scalable operations without heavy investment.
- Long-term B2B customer relationships driving repeat orders.
- Diverse product range offering single-source sourcing solutions.
- In-house product development expertise supporting innovation.
- Quick development and efficient delivery ensuring customer satisfaction.
Risks
- Dependency on third-party manufacturers with operational risks.
- Past negative cash flows may impact future financial performance.
- Manufacturing disruptions may affect operations and financials.
- Lack of long-term contracts with customers may affect revenue stability.
- Reliance on greige fabric sales, vulnerable to market shifts.
- Operations are subject to environmental and safety regulations, with compliance risks.
- The company does not receive proceeds from the Offer for Sale (OFS).
Subscription Figures
| Category | Subscription (No. of times) |
|---|---|
| Qualified Institutional Buyers (QIBs) | N/A |
| Non-Institutional Investors (NIIs) | 0.36 |
| Retail Individual Investors (RIIs) | 2 |
| Employee | N/A |
| Total | 1.17 |