Kenrik Industries SME IPO: A Comprehensive Guide for Investors

Kenrik Industries Limited is set to launch its SME IPO, opening on April 29, 2025, and closing on May 6, 2025. This blog post provides a detailed overview of the IPO, including essential information, analysis, and guidance to help investors make informed decisions.
IPO Progress
Kenrik Industries: Company Overview
Kenrik Industries specializes in the manufacture and supply of gold jewellery, including plain and studded designs. Their product range includes rings, earrings, necklaces, bracelets, and more, catering to high-end, mid-market, and value market segments. Operating on a B2B model, they design jewellery on a job work basis at their Ahmedabad, Gujarat facility. In fiscal year 2024, the company reported a total revenue of approximately ₹70.77 million.
Kenrik Industries SME IPO Details
Here are the essential details of the Kenrik Industries IPO:
- IPO Issue Opening Date: April 29, 2025
- IPO Issue Closing Date: May 6, 2025
- Issue Price: ₹25.00 per share
- Face Value: ₹10 per share
- Listing At: BSE SME
- Retail Quota: 50% of the net offer
- Issue Type: Fixed Price Issue
- Issue Size: ₹87.5 million (₹8.75 Cr)
- Fresh Issue: ₹87.5 million
Key Dates to Remember
| Activity | Date (Tentative) |
|---|---|
| Basis of Allotment Date | May 7, 2025 |
| Refunds Initiation | May 8, 2025 |
| Credit of Shares to Demat | May 8, 2025 |
| SME IPO Listing Date | May 9, 2025 |
Lot Size Details
| Activity | Details |
|---|---|
| Issue Price | ₹25.00 |
| Market Lot | 6,000 Shares |
| 1 Lot Amount | ₹150,000 |
| Min HNI Lots | 12,000 shares (2 lots) – ₹300,000 |
Grey Market Premium (GMP)
| Date | IPO Price | GMP | Estimated Listing Price |
|---|---|---|---|
| 26-Apr-2025 | ₹25.00 | ₹0 | ₹25 (0.00%) |
Please note that GMP prices are news-related and reflect grey market sentiment. It is not recommended to trade based solely on GMP.
About the Company
- Manufactures and supplies gold jewellery and ornaments.
- Offers a variety of products including rings, earrings, pendants, and necklaces.
- Operates on a B2B model targeting high-end, mid-market, and value market segments.
- Designs jewellery on a job work basis at its manufacturing unit in Ahmedabad, Gujarat.
Key Strengths
- Wide product portfolio.
- Experienced workforce.
- Adequate inventory levels.
- Competitive prices.
- Strong distribution network.
Financial Information (Restated)
| Period Ended | 31 Oct 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets (₹ Crore) | 15.98 | 15.8 | 15.59 | 12.47 |
| Revenue (₹ Crore) | 42.19 | 70.97 | 52.04 | 32.69 |
| Profit After Tax (₹ Crore) | 0.78 | 1.08 | 0.47 | 0.39 |
| Net Worth (₹ Crore) | 13.37 | 12.59 | 11.51 | 11.03 |
| Total Borrowing (₹ Crore) | 0.99 | 0.78 | 0.57 | 0.35 |
IPO Issue Objective
The company plans to use the net proceeds from the IPO for:
- Meeting working capital requirements (₹65.63 million).
- General corporate expenses (₹18 million).
Promoter Holding
- Pre IPO: 99.996%
- Post IPO: 72.01%
Peer Comparison
| Company | EPS Basic | EPS Diluted | P/E (x) | RoNW |
|---|---|---|---|---|
| Kenrik Industries Limited | 1.18 | 1.18 | 8.42 | Restated |
| Veerkrupa Jewellers Ltd | 0.31 | 0.31 | 4.06 | 1.83 |
| Motisons Jewellers Limited | 4.3 | 4.3 | 8.68 | 9.82 |
| Khazanchi Jewellers Ltd | 11.01 | 11.01 | 28.15 | 14.55 |
Company Information
- Website: http://www.kenrikindustries.net/
- Phone: +91-9687141430
- Email: cs@kenrikindustries.net
- Address: B-306, East Face, Behind Maruti Suzuki Showroom, Nr. S P Ring Road, Ambli Road, Ambli, Daskroi, Ahmedabad, Gujarat-380058, India
Registrar Information
- Registrar: Skyline Financial Services Private Ltd
- Website: https://www.skylinerta.com/ipo.php
- Phone: 02228511022
- Email: ipo@skylinerta.com
- Address: D-153A, 1st Floor, Okhla Industrial Area, Phase-I, New Delhi -110020
Lead Manager
- Turnaround Corporate Advisors Private Limited
Conclusion
The Kenrik Industries SME IPO presents an opportunity to invest in a growing gold jewellery manufacturer. This guide provides essential details about the IPO, helping potential investors understand the company’s business, financials, and IPO specifics. It is important to conduct thorough research and consider factors before making an investment decision. It’s often wise to consult with a financial advisor to ensure that any investment aligns with your personal financial goals and risk tolerance.






