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Open
5 Feb 2025
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Close
7 Feb 2025
3
Allotment
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Listing
Wed, Feb 12, 2025
Price Band
₹94 per share
Issue Size
88,99,200 shares (agg. up to ₹84 Cr)
Lot Size
1,200 Shares
Listing Date
Wed, Feb 12, 2025
Latest GMP
₹5
Est. Gain
5.32%
✦ AI Insight
GMP Trend
12-02-2025₹5Est. ₹99+5.32%
11-02-2025₹5Est. ₹99+5.32%
10-02-2025₹5Est. ₹99+5.32%
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 4.27x |
Restated Financials (₹ Cr.)
| Period Ended | 30 Nov 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 266.30 | 242.15 | 195.16 | 187.26 |
| Total Income | 332.85 | 409.13 | 375.23 | 360.32 |
| Profit After Tax | 9.53 | 8.93 | 3.95 | 2.36 |
| NET Worth | 54.38 | 44.85 | 35.93 | 31.98 |
| Reserves and Surplus | 36.01 | 42.27 | 33.34 | 29.39 |
| Total Borrowing | 43.14 | 47.84 | 49.45 | 41.01 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Avax Apparels & Ornaments Ltd. | SME | ₹1.92 Cr | ₹70 | 3.88 | ₹139.65 | +99.50% | ₹49.00 (-3.92%) |
| Neelam Linens & Garments (India) Ltd. | SME | ₹13.00 Cr | ₹24 | 14.44 | ₹38.05 | +58.54% | ₹9.70 (+0.00%) |
| Paramount Dye Tec Ltd. | SME | ₹28.43 Cr | ₹117 | 14.91 | ₹107.05 | -8.50% | ₹36.20 (-0.14%) |
| Divyadhan Recycling Industries Ltd. | SME | ₹24.17 Cr | ₹64 | 28.34 | ₹88.20 | +37.81% | ₹53.75 (+0.00%) |
| Avi Ansh Textile Ltd. | SME | ₹25.99 Cr | ₹62 | 18.31 | ₹71.15 | +14.76% | ₹102.00 (-0.10%) |
| Gajanand International Ltd. | SME | ₹20.65 Cr | ₹36 | 21.08 | ₹39.90 | +10.83% | ₹8.65 (+6.79%) |
| United Cotfab Ltd. | SME | ₹36.29 Cr | ₹70 | 9.7 | ₹78.75 | +12.50% | ₹16.40 (+5.87%) |
| Piotex Industries Ltd. | SME | ₹14.47 Cr | ₹94 | 11.14 | ₹114.30 | +21.60% | ₹31.90 (-3.33%) |
| Shree Karni Fabcom Ltd. | SME | ₹42.49 Cr | ₹227 | 21.26 | ₹273.00 | +20.26% | ₹402.55 (-1.21%) |
| Kalahridhaan Trendz Ltd. | SME | ₹22.49 Cr | ₹45 | 8.24 | ₹49.50 | +10.00% | ₹9.00 (+1.69%) |
| Sanathan Textiles Ltd. | Mainboard | ₹550.00 Cr | ₹321 | 17.25 | ₹388.35 | +20.98% | ₹449.30 (-0.33%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Unidentified Acquisitions in India and abroad | 6.25 |
| 2 | Purchase of New Machinery | 4.53 |
| 3 | Capital Expenditure for renovation of both manufacturing facilities | 3.77 |
| 4 | To meet working capital requirements | 25.00 |
| 5 | General Corporate Expenses | 13.48 |
| 6 | Issue Expenses | 5.25 |
| Total | 58.27 |
About Ken Enterprises IPO
Incorporated in 1998, Ken Enterprises Limited is engaged in the business of textile manufacturing. The company manufactures fabrics for various purposes, including apparel, industrial, technical, shirtings, and home furnishings. The company is into manufacturing of greige fabrics. They utilize third-party manufacturing services for the production of greige fabric on a job-work basis, located in and around Ichalkaranji, Maharashtra, a key fabric weaving hub, to enhance their manufacturing capacity. The company’s business model focuses on quality and customer satisfaction, supplying regular and sustainable greige and finished fabrics on an order-to-order basis. The product range includes greige, dyed (supported by third parties), printed, and RFD/PFD fabrics. The company has two manufacturing units, both located in Shirol taluka near Ichalkaranji, covering a combined area of approximately 50,000 square feet and equipped with the necessary machinery. Product Portfolio: High Value Apparel Fabrics Voiles: for Ladies wear Light Canvas fabrics: For Shoe uppers, Bags, Cargo pants Organic and sustainable fabrics: For High-end apparel Bed Linen: For Home Textiles Shoe Canvases: For Shoes As
Contact Details
Ken Enterprises Ltd. Address9/621, Industrial EstateNear Kalyan KendraIchalkaranji, Maharashtra, 41611591-0230-2438538cs@kenindia.inVisit Website