Kenrik Industries IPO description – Kenrik Industries specializes in traditional Indian jewelry, offering handmade gold pieces adorned with precious and semi-precious stones like diamonds, rubies, and cubic zirconia. Their product range includes rings, earrings, armlets, pendants, nose rings, bracelets, chains, necklaces, bangles, watches, luxury items, and wedding jewelry. Serving customers in high-end, mid-market, and value market segments, the company crafts jewelry to meet specific customer preferences at its manufacturing unit in Ahmedabad, Gujarat.
Operating primarily on a B2B business model, Kenrik Industries provides a wide selection of jewelry and ornaments while focusing on quality control, inventory management, and business development. All jewelry the company offers is certified by the BIS Hallmark, ensuring purity and consumer confidence. Their product categories include Traditional Jewelry, Contemporary Jewelry, Customized Jewelry, Bridal Jewelry, and Men’s Jewelry.
In the financial years ending in March 2022, 2023, 2024, and 31 October 2024 Kenrik Industries reported total incomes of INR 32.59 crore, INR 51.88 crore, INR 70.77 crore, and INR 42.18 crore with revenue increasing at a CAGR of 29.50%. The restated profit after tax for the same periods was INR 0.39 crore, INR 0.47 crore, INR 1.07 crore, and INR 0.78 crore with revenue increasing at a CAGR of 39.77%.
Promoters of Kenrik Industries – Nitinkumar Dalpatbhai Shah, Nihar Nitinbhai Shah, Manisha Nitinkumar Shah and Shah Nitin Dalpatlal (HUF)
Table of Contents
Kenrik Industries IPO Details
| Kenrik Industries IPO Dates | 29 April – 6 May 2025 |
| Kenrik Industries Issue Price | INR 25 per share |
| Fresh issue | 34,98,000 shares (INR 8.75 crore) |
| Offer For Sale | NIL |
| Total IPO size | 34,98,000 shares (INR 8.75 crore) |
| Minimum bid (lot size) | 6,000 shares (INR 1,50,000) |
| Face Value | INR 10 per share |
| Retail Allocation | 50% |
| Listing On | BSE SME |
Kenrik Industries Financial Performance
| FY 2022 | FY 2023 | FY 2024 | 7M FY 2025 | |
| Revenue | 32.59 | 51.88 | 70.77 | 42.18 |
| Expenses | 32.15 | 51.37 | 69.51 | 41.13 |
| Net income | 0.39 | 0.47 | 1.06 | 0.78 |
Kenrik Industries Offer News
- Kenrik Industries RHP
- Kenrik Industries Draft Prospectus
- ASBA IPO Forms
- Live IPO Subscription Status
- Highest SME IPO Subscription in 2024
Kenrik Industries Valuations & Margins
| FY 2022 | FY 2023 | FY 2024 | |
| EPS | 0.51 | 0.53 | 1.21 |
| PE ratio | – | – | 20.66 |
| RONW (%) | 3.46 | 4.13 | 8.62 |
| NAV | 12.25 | 12.78 | 13.98 |
| ROCE (%) | 4.61 | 5.39 | 10.85 |
| EBITDA (%) | 1.67 | 1.29 | 2.06 |
| Debt/Equity | 0.03 | 0.05 | 0.06 |
Kenrik IPO GMP Today
| Date | Consolidated IPO GMP | Kostak | Subject to Sauda |
| Coming soon | – | – | – |
Kenrik Industries IPO Subscription – Live Updates
| Category | Non-retail | Retail | Total |
|---|---|---|---|
| Shares Offered | 16,56,000 | 16,62,000 | 33,18,000 |
| 6 May 2025 | 0.30 | 3.79 | 2.05 |
| 5 May 2025 | 0.28 | 2.52 | 1.40 |
| 2 May 2025 | 0.17 | 1.51 | 0.84 |
| 30 Apr 2025 | 0.14 | 1.01 | 0.58 |
| 29 Apr 2025 | 0.02 | 0.55 | 0.29 |
The market maker reservation portion of 1,80,000 shares is not included in the above calculations.
Kenrik Industries IPO Allotment Status
Kenrik Industries IPO allotment status is now available on Skyline Financial Services’ website. Click on this link to get allotment status.
Kenrik Industries IPO Dates & Listing Performance
| IPO Opening Date | 29 April 2025 |
| IPO Closing Date | 6 May 2025 |
| Finalization of Basis of Allotment | 7 May 2025 |
| Initiation of refunds | 8 May 2025 |
| Transfer of shares to demat accounts | 8 May 2025 |
| IPO Listing Date | 9 May 2025 |
| Opening Price on BSE SME | INR 25.01 per share (up 0.04%) |
| Closing Price on BSE SME | INR 26.26 per share (up 5.04%) |
Kenrik Industries Offer Lead Manager
TURNAROUND CORPORATE ADVISORS PRIVATE LIMITED
714, Vishwadeep Building, Plot No. 4,
District Centre, Janak Puri, New Delhi – 110058
Phone: +91 -11-45510390
Email: [email protected]
Website: www.tcagroup.in
Kenrik Industries Offer Registrar
SKYLINE FINANCIAL SERVICES PRIVATE LIMITED
D-153A, 1st Floor, Okhla Industrial Area Phase-I,
New Delhi – 110020, India
Phone: +91-11-40450193-197
Email: [email protected]
Website: www.skylinerta.com
Kenrik Industries Issue Contact Details
KENRIK INDUSTRIES LIMITED
171/FF/9, Bhawani Chambers Hathi Khana, Ahmedabad
380001, Gujarat, India
Phone: +91-9687141430
E-mail: [email protected]
Website: www.kenrikindustries.net
IPO FAQs
What is the Kenrik Industries offer size?
Kenrik Industries offer size is INR 8.75 crores.
What is the Kenrik Industries offer price band?
Kenrik Industries public offer price is INR 25 per share.
What is the lot size of the Kenrik Industries IPO?
Kenrik Industries offer a lot size is 6,000 shares.
What is Kenrik Industries IPO GMP today?
Kenrik Industries IPO GMP today is INR NA per share.
What is the Kenrik Industries kostak rate today?
Kenrik Industries kostak rate today is INR NA per application.
What is Kenrik Industries Subject to the Sauda rate today?
Kenrik Industries is Subject to the Sauda rate today is INR NA per application.