Ken Enterprises Limited (NSE SME)

Feb 5, 2025 - Feb 7, 2025

Premium	₹5
Price	₹94 - ₹94
Lot size	1200
Allotment	Feb 10, 2025
Listing	Feb 12, 2025

Category	Lot(s)	Qty	Amount	Reserved
Retail	1	1200	112800	3523
HNI	2	2400	225600	3523

Last updated on 07-Feb-2025 18:30:06

Category	Offered	Applied	Times
NIB	4227000	7824000	1.85
RETAIL	4227000	29013600	6.86
Total	8454000	36837600	4.36

Application Wise Breakup
Category	App. Received
NIB	1669
RETAIL	24178
Total	25847

Subscription Demand (in ₹ crore)
Category	Offered	Demand	Times
NIB	39.73	73.55	1.85
RETAIL	39.73	272.73	6.86
Total	79.47	346.27	4.36

HNI Interest Cost Per Share (7 Days)
@7% ₹0.2	@8% ₹0.3	@9% ₹0.3	@10% ₹0.3	@11% ₹0.4	@12% ₹0.4

About

IPO Reservation

Category	Shares Offered	No. of Shares
Retail	47.5%	4227000
Other	47.5%	4227000
Market Maker	5.00%	445200
Total No. of Shares	100.0%	8899200

Ken Enterprises IPO Details

Issue Size	88,99,200 shares (aggregating up to ₹83.65 Cr)
Fresh Issue	61,99,200 shares (aggregating up to ₹ 58.27 Cr)
Offer for Sale	27,00,000 shares of ₹10 (aggregating up to ₹25.38 Cr)
Issue Type	Fixed Price Issue IPO
Listing At	NSE SME
Share Holding Pre Issue	1,83,66,280 shares
Share Holding Post Issue	2,45,65,480 shares
Market Maker Portion	4,45,200 shares
Market Maker	Giriraj Stock Broking

Key Performance Indicator

KPI	Nov-24	Mar-24	Mar-23
ROE	17.52%	19.90%	10.99%
ROCE	40.24%	51.52%	32.58%
RONW	17.52%	19.90%	10.99%
EPS (basic)	5.19	4.86	2.15
P/E Pre IPO		19.34
P/E Post IPO	16.16

Company Financials In Crores

Period Ended	Nov-24	Mar-24	Mar-23	Mar-22
Assets	266	242	195	187
Revenue	333	409	375	360
Profit After Tax	10	9	4	2
Net Worth	54	45	36	32
Reserves and Surplus	36	42	33	29
Total Borrowing	43	48	49	41

About Company

Ken Enterprises Limited, incorporated in 1998, is engaged in textile manufacturing, specializing in greige fabrics for various applications, including apparel, industrial, technical, shirtings, and home furnishings. The company operates on an order-to-order basis, supplying regular and sustainable greige and finished fabrics, including dyed (supported by third parties), printed, and RFD/PFD fabrics. To enhance its manufacturing capacity, it utilizes third-party manufacturing services on a job-work basis in and around Ichalkaranji, Maharashtra, a major fabric weaving hub. Ken Enterprises has two manufacturing units located in Shirol taluka near Ichalkaranji, covering approximately 50,000 square feet and equipped with the necessary machinery for textile production. As of December 31, 2024, the company employed 228 permanent workers, ensuring efficient operations and a focus on quality and customer satisfaction.

Lead Manager(s)

Corporate Makers Capital Ltd.

Strength

Experienced Leadership & Skilled Workforce: Led by an experienced management team and supported by 228 dedicated employees, ensuring efficient operations and quality production.

Robust Financial Performance: A stable business model with consistent revenue generation through order-based supply of greige and finished fabrics.

Asset-Light Model: Utilizes third-party manufacturing on a job-work basis, optimizing costs while maintaining scalability and flexibility.

Weakness

Looks like clear avoid for listing gain

Dependence on Third-Party Manufacturers: Reliance on external job-work manufacturers for production poses operational risks, including quality control and timely delivery issues.

Regulatory & Compliance Risks: Instances of non-compliance in ROC filings and payments could lead to penalties or regulatory actions, impacting the company's financial position.

Negative Cash Flows: The company has faced negative cash flows in the past, which may continue, affecting liquidity, operations, and growth plans.

Registrar

Skyline Financial Services Private Ltd
Phone: 02228511022
Email: ipo@skylinerta.com
Website: https://www.skylinerta.com/ipo.php