Kenrik Industries IPO GMP: Day 1 IPO Live Updates

Kenrik Industries IPO GMP is ₹0 as of 28th April 2025. The IPO opens for bidding today on 29th April 2025 and is set to close on 6th May 2025. It is an entirely fresh issue of 34,98,000 shares worth ₹8.75 crore. The issue price for the Kenrik Industries IPO is set at ₹25 per share. Retail investors can bid for a minimum lot of 6,000 shares worth ₹1,50,000. 

Kenrik Industries IPO Details

Explanation

Kenrik Industries IPO: Kenrik Industries Limited has declared an issue price of ₹25 per share. With this IPO, the company allows retail investors to bid for at least one lot of 6,000 shares worth ₹1,50,000. The face value of Kenrik Industries Ltd.’s share is ₹10 per share. The shares of Kenrik Industries Limited, a studded jewellery manufacturing company, will be listed on BSE & SME on its tentative listing day, 9th May 2025. Scroll down to check GMP updates and Kenrik Industries IPO reviews. 

Kenrik Industries IPO GMP Grey Market Premium

As of 29th April 2025, Kenrik Industries IPO GMP stands at ₹0 per share. Thus, the estimated listing price would be ₹25 (25+0). This indicates that the estimated listing gain in this IPO could be 0.00%. However, GMP details are subject to change based on market conditions and fluctuations. Explore the table below to learn about recent Kenrik Industries IPO GMP updates.

Objectives of Kenrik Industries IPO

Kenrik Industries Limited proposed to utilise the proceeds from the fresh issue in the following objectives. 

• General corporate purposes. 
• Working capital requirements.

Kenrik Industries IPO Registrar 

Kenrik Industries IPO is open today on 29th April 2025, to raise ₹8.75 crore. 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.

Kenrik Industries IPO Review

The Kenrik Industries IPO has gained positive ratings from industry experts, brokers, and institutional investors. 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.

Most analysts recommend applying for this IPO to diversify your investment portfolio in the stock market. However, we’re waiting for further ratings to have a better idea and will keep posting them to deliver real-time insights. Until then, you can explore the company’s technical analysis to know whether you should apply for this IPO or not.

Kenrik Industries IPO Technical Analysis

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. 

For regular stock updates, dividend alerts, and expert verdicts, stay informed with Univest!

FAQs on Kenrik Industries IPO

1. What is Kenrik Industries IPO GMP?

Ans. Currently, on 29th April 2025, Kenrik Industries IPO GMP (Grey Market Premium) stands at ₹0 (0.00 % up). This indicates that the estimated listing price could be ₹95 per share. It is an entirely fresh issue of 34,98,000 shares worth ₹8.75 crore.

2. What is the price of Kenrik Industries IPO?

Ans. The 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 6,000 shares worth ₹1,50,000. Moreover, NIIs are required to bid for a minimum of 2 lots (12,000 shares) worth ₹3,00,000.

3. Who is the registrar of 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.

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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