Kenrik Industries IPO GMP & Review: Apply or Avoid?

Kenrik Industries IPO is open for bidding on 29th April 2025. It is a fixed price IPO consisting of a fresh issue of 34.98 lakh shares worth ₹8.75 crores. The issue will be listed on BSE and SME on its tentative listing date, 9th May 2025. 

Kenrik Industries IPO Details 

Kenrik Industries IPO date is fixed between 29th April 2025 and 6th May 2025. The face value of Kenrik Industries Limited shares stands at ₹10 per share, and the IPO listing price is fixed at ₹25 per share. 

Skyline Financial Services Private Ltd. is the registrar of Kenrik Industries IPO and is responsible for managing the allotment process and initiating refunds. Check out the latest IPO details in the table below. 

Kenrik Industries IPO Share Reservation

Kenrik Industries IPO is a fixed price IPO issue of 34.98 lakh shares worth ₹8.75 crore. Kenrik Industries Limited shares will be listed on the BSE and SME. Furthermore, the SEBI has specified the share reservation criteria for different investor’ categories. 

Kenrik Industries IPO GMP Grey Market Premium

GMP is the gap between the price band of the issue and the price at which company shares are currently trading in the grey market. Do you want to get live updates on Kenrik Industries IPO GMP? If yes, then you’ve reached the right spot. Check the table below to learn about the GMP trends.

As of 28th April 2025, Kenrik Industries IPO GMP stands at ₹0 per share, which means the share will likely show a flat listing at ₹25 (25+0) on its tentative listing date, 9th May 2025.

GMP data is subject to change based on market trends and sentiments. You should check the live GMP status before applying for the Kenrik Industries IPO. Stay informed with Univest to know about real-time insights on IPOs and their GMP trends. 

Kenrik Industries IPO Review

Check out the detailed Kenrik Industries IPO review for a thorough understanding of its potential to report listing gains on 9th May 2025. The Kenrik Industries IPO review below will help you invest effectively to avoid significant losses. Explore more to make informed investment decisions on this IPO. 

Financial Health

Assess a company’s financial performance to know about its ability to sustain a competitive edge. Thus, it is essential to understand the growth margins and declines of the business financials before applying for the Kenrik Industries IPO.

Kenrik Industries Limited’s revenue rose 36.37% from ₹52.04 crore in March 2023 to ₹70.97 crore in March 2024. Moreover, the company’s PAT increased by 129.78% from ₹0.47 crore to ₹1.08 crore. 

Kenrik Industries Limited has shown consistent revenue growth, indicating that the company is financially stable. Moreover, the brokers, investors, and RAs have a positive outlook for Kenrik Industries IPO for its tentative listing day, which is 9th May 2025.  

Technical Analysis

A number of technical indicators are available to assess a company’s potential to deliver returns. Use the parameters mentioned below to analyse the technicals of Kenrik Industries IPO.

The PE ratio of Kenrik Industries Limited shares is 20.74, and its Earnings Per Share (EPS) stands at 1.21. The Kenrik Industries IPO can potentially deliver gains on its tentative listing date, 9th May 2025. 

Kenrik Industries Limited Peer Comparison

Note: The data, as mentioned above, is taken from authentic sources and highlights pre-issue information. The PE ratio and EPS of Kenrik Industries Limited are subject to change after the IPO. Explore the table below to get post-issue updates on these two metrics. 

Kenrik Industries IPO Subscription Status

Kenrik Industries IPO is now open for bidding on 29th April 2025. The subscription status for this IPO is yet to be announced. Stay informed on this passage to check the live Kenrik Industries IPO Subscription Status. 

About Kenrik Industries Limited

Kenrik Industries Limited was incorporated in 2017 and is engaged in the design and distribution of traditional Indian jewellery. The company presently operates under a B2B model. It caters to customers in the high-end, mid-market, and value market segments. Moreover, it places strong emphasis on quality control, inventory management, and business development practices, thus ensuring the authenticity of the jewellery certified by BIS Hallmark.

The company’s product range includes handmade gold jewellery studded with:

•  Precious stones
•  Semi-precious stones (including diamonds, rubies, and cubic zirconia)

These products are crafted to meet customer requirements and are manufactured on a job-work basis at the company’s facility located in Ahmedabad, Gujarat.

Kenrik Industries Limited Financials

The company’s financial analysis is essential before applying for the Kenrik Industries IPO. Look at the table to learn about Kenrik Industries Limited’s financials. 

Explanation

Kenrik Industries Limited’s revenue rose 36.37% from ₹52.04 crore in March 2023 to ₹70.97 crore in March 2024. Moreover, the company’s PAT increased by 129.78% from ₹0.47 crore to ₹1.08 crore. 

Kenrik Industries IPO Bidding Requirements

Kenrik Industries IPO has reserved lot sizes to be applied by different investor categories. Look at the table below to know about the requirements to be fulfilled for applying for this IPO. 

Kenrik Industries IPO Promoter Holdings

Have a look at the table below to check about the holdings of Kenrik Industries Limited’s promoters: Nitinkumar Dalpatbhai Shah, Nihar Nitinbhai Shah, Manisha Nitinkumar Shah, and Shah Nitin Dalpatlal (HUF).

Note: Promoter Holdings’ value is to be calculated using Equity dilution, which represents the gap between shareholdings before and after the Issue. 

Aim of Kenrik Industries IPO

The primary aim of Kenrik Industries IPO is to raise ₹8.75 crores. On the other hand, Kenrik Industries Limited has decided to utilise these funds in different practices. Explore some of the secondary objectives for Kenrik Industries IPO.

• To meet working capital requirements.
• To meet general corporate purposes. 

Should I Invest in Kenrik Industries IPO?

“KIL is engaged in manufacturing and dealing in plain and studded jewelleries. Its major operation is done on job work basis; thus, it depends on third party. Though it posted steady growth in its top lines for the reported periods, the sudden boost in bottom lines from FY24 onwards raises eyebrows. It is operating in a highly competitive and fragmented segment. There is no harm in skipping this pricey and “High Risk/Low Return” bet.” ~ Dilip Davda (Editor at Chittorgarh Infotech Private Limited)

Explore the pros and cons of Kenrik Industries IPO to know whether you should apply or avoid the issue. These pros and cons might help you know about the IPO’s efficiency in delivering profits in the coming decades. 

Pros of Kenrik Industries IPO

• Robust Financials
• Positive ROE & ROCE

Cons of Kenrik Industries IPO

• Low Market Cap
• High Lot Size

How to Apply for Kenrik Industries IPO?

Check the steps mentioned below to apply for Kenrik Industries IPO. 

• Step 1: Conduct thorough research on Kenrik Industries IPO GMP, subscription status, issue size, lot size, and other details. 
• Step 2: Open a demat account on Univest to learn about real-time insights on GMP and subscription status. You can also use your previous demat account by navigating to the IPO section. 
• Step 3: Make a bid for one lot of 6000 shares worth ₹1,50,000 of Kenrik Industries IPO.   
• Step 4: You will receive a mandate request after making a bid. Approve the request to proceed further.    

Note: You can apply for Kenrik Industries IPO from more than one demat account to increase your allotment chances. 

How to Check Kenrik Industries IPO Allotment Status?

You can check for Kenrik Industries IPO allotment in different ways. These include NSE and the registrar portal. Look at the steps mentioned below to check your allotment status online.

Check On NSE

• Visit the NSE Official Website.
• Navigate to the IPO Allotment Section. 
• Select Equity as the issue type. 
• Choose Kenrik Industries IPO.  
• Choose whether to proceed with the PAN number or application number.
• Submit your details to get the allotment status online. 

Check On the Registrar Portal

• Visit the registrar portal. 
• Click on the allotment option.
• Fill in the required details.
• Click on the submit button to know your Kenrik Industries IPO allotment status.

Let’s Wrap

Kenrik Industries IPO is a fixed price issue of 34.98 lakh shares worth ₹8.75 crores. The shares of Kenrik Industries Limited will be listed on BSE and SME on its tentative listing date of 9th May 2025. Researching Kenrik Industries IPO GMP and reviews is highly suggested to book your ideal profitability. Brokers and investors have highlighted its pros and cons, so one must analyse them and decide accordingly.

Open a demat account on Univest now to initiate your investment journey!

FAQs on Kenrik Industries IPO

How is Kenrik Industries IPO?

Ans. Currently, on 28th April 2025, Kenrik Industries IPO GMP (Grey Market Premium) stands at ₹0 (0.00 % up). It indicates that the estimated listing price could be ₹25 per share. It is entirely a fresh issue of 34.98 lakh shares worth ₹8.75 crore. The IPO issue price is set at ₹25 per share, and the face value of each share is ₹10. 

What is Kenrik Industries IPO price?

Ans. Kenrik Industries IPO price has been set at ₹25 per share. Retail investors can apply for a minimum and maximum of 1 lot consisting of 6000 shares worth ₹1,50,000. Moreover, HNIs are required to bid for a minimum of 2 lots (12000 shares) worth ₹3,00,000. 

Is Kenrik Industries IPO good?

Ans. During FY23- 24, Kenrik Industries Limited’s revenue rose 36.37% from ₹52.04 crore in March 2023 to ₹70.97 crore in March 2024. Moreover, the company’s PAT increased by 129.78% from ₹0.47 crore to ₹1.08 crore. However, industry experts suggest skipping this IPO.

Who is the registrar of the Kenrik Industries IPO?

Ans. Skyline Financial Services Private Limited is the registrar of Kenrik Industries IPO, awaiting to manage the IPO allotment procedure and refund initiation. For any queries regarding Kenrik Industries IPO allotment and refund, you can contact Skyline Financial Services Private Limited at https://www.skylinerta.com/ipo.php or 02228511022.

What is the issue size of the Kenrik Industries IPO? 

Ans. Kenrik Industries IPO is a fixed price IPO for 34.98 shares worth ₹8.75 crore. It is entirely a fresh issue of 34.98 lakh shares. Moreover, the IPO is set to open on 29th April 2025 and will be closed on 6th May 2025. 

Disclaimer: The above information is compiled from authentic sources and is just for informational purposes. To have detailed information about the Kenrik Industries IPO, download the Kenrik Industries IPO RHP and Kenrik Industries IPO DRHP. Conduct your own research before investing in IPOs to avoid significant losses. You can also consult your financial advisor.

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