The IPO of Ken Enterprises Limited is scheduled to launch on February 5, 2025. It will be a fixed price issue of Rs 83.65 crore. Let us tell you that the IPO of Ken Enterprises Limited has attracted the attention of investors equally. In this article, we have covered every important detail of the IPO of Ken Enterprises Limited, from its subscription timeline to its financial health, to help you decide whether this textile sector player deserves a place in your portfolio or not. With a fresh issue of 61.99 lakh shares and an offer for sale of 27 lakh shares, the IPO aims to meet acquisitions, machinery upgrades, and working capital needs. Let us know in this article about the key dates, pricing strategies, risks, and why Ken Enterprises’ focus on sustainable clothing could make it a great investment.
Ken Enterprises Limited IPO Opens Dates And Detail
The Ken Enterprises Limited IPO will open on February 5, 2025, and close three days later on February 7, 2025. Investors can expect allotments to be finalized by February 10, and the shares are likely to hit the NSE SME platform on February 12, 2025.
| Event | Date |
|---|---|
| IPO Opening | February 5, 2025 |
| IPO Closing | February 7, 2025 |
| Allotment Finalization | February 10, 2025 |
| Listing on NSE SME | February 12, 2025 |
Pro Tip: Ensure your UPI mandate is confirmed by 5 PM on February 7 to avoid rejection.
Ken Enterprises Limited IPO Pricing, Lot Size, and Investment Thresholds
Talking about Ken Enterprises Limited IPO Pricing, at a price of ₹94 per share (face value ₹10), the IPO has sought a minimum investment of ₹1,12,800 for retail investors (1 lot = 1,200 shares). Apart from this, high-net-worth individuals (HNIs) will have to invest at least ₹2,25,600 for 2 lots (2,400 shares). The total issue consists of 88.99 lakh shares, which includes new capital (₹58.27 crores) and offer for sale (₹25.38 crores), so let us now know about the Business Model and Strengths of Ken Enterprises company.
Inside Ken Enterprises Limited: Business Model and Strengths
Founded in 1998, Ken Enterprises specializes in sustainable greige fabrics for apparel, home textiles, and industrial use. With two manufacturing units near Ichalkaranji, Maharashtra, the company leverages third-party partnerships to maintain an asset-light model, thereby minimizing capital expenditure. Its diverse portfolio – spanning organic fabrics, shoe canvases, and bed linen – caters to global customers, supported by 228 employees and a leadership team that holds 49.72% post-IPO. So let’s now know about Competitive Edge:
Competitive Edge:
- Rapid product development and short delivery cycles.
- Strong client relationships and single-point sourcing solutions.
- Consistent revenue growth, hitting ₹409.13 crore in FY 2024.
Ken Enterprises Limited Financial Health: Profits, Margins, and Debt
Ken Enterprises’ restated financials reveal a 304% surge in PAT from ₹2.36 crore (2022) to ₹9.53 crore (November 2024). Despite a debt of ₹43.14 crore, the debt-to-equity ratio remains low at 0.09, signaling prudent financial management.
| Metric (₹ Crore) | Nov 2024 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|
| Revenue | 332.85 | 409.13 | 375.23 | 360.32 |
| Profit After Tax (PAT) | 9.53 | 8.93 | 3.95 | 2.36 |
| Net Worth | 54.38 | 44.85 | 35.93 | 31.98 |
Let us inform you that after Ken Enterprises Limited’s IPO, the P/E ratio dropped to 16.16 times, making it potentially attractive compared to its peers.
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Risks to consider before investing in Kane Enterprises Limited IPO
While the IPO shines in growth potential, reliance on third-party manufacturers and exposure to textile market volatility pose risks. Additionally, ₹43.14 crore in debt (as of Nov 2024) could strain liquidity if revenue growth slows.
Where Will the IPO Funds Go?
The funds raised from the IPO will be strategically allocated to drive four key initiatives. A portion of the proceeds will be utilized for potential acquisitions in both domestic and international markets, allowing the company to expand its presence and enhance its portfolio. Additionally, the company plans to invest in modernizing its machinery and renovating manufacturing facilities to improve efficiency and production capacity. Another significant share of the funds will be directed toward boosting working capital to meet the growing market demand, ensuring smooth operations and sustained growth.
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Conclusion: Should You Invest?
The Ken Enterprises Limited IPO offers a mix of aggressive growth plans and stable financials, anchored by a niche in sustainable textiles. Retail investors must weigh the high minimum investment (₹1.12 lakh) against the company’s rising profitability and low debt burden. With a listing slated for February 12, 2025, this IPO could appeal to those bullish on India’s textile sector—but always cross-check the RHP and consult a financial advisor before diving in.
FAQ:
What is Ken Enterprises Limited IPO?
The IPO of Ken Enterprises Limited is a Fixed Price Issue with a total amount of ₹83.65 crores. This includes 61.99 lakh shares worth ₹58.27 crores under Fresh Issue and 27 lakh shares worth ₹25.38 crores under Offer for Sale.
What is the Subscription Date of Ken Enterprises Limited IPO?
This IPO will open on 5 February 2025 and close on 7 February 2025 .
When will this IPO be listed?
Ken Enterprises Limited IPO will be listed on NSE SME on 12th February 2025.
What is the main Business of this Company?
Ken Enterprises Limited was established in 1998 and is engaged in the textile manufacturing business. The company produces greige fabric and formulates it for various applications such as apparel, industrial, home furnishing, technical fabric, etc.
Will it be profitable to invest in Ken Enterprises Limited IPO?
The company comes with strong financial performance, experienced leadership, a diverse product portfolio, and fast delivery capabilities. However, it is essential to assess the financial position and risks before investing.
