Ken Enterprises IPO Details Key Dates, Price, and Financials
Ken Enterprises IPO is set to open for subscription on February 5, 2025, and will close on February 7, 2025. The company aims to raise ₹83.65 crores through a Fixed Price Issue IPO, comprising a fresh issue of ₹58.27 crores and an offer for sale of 27,00,000 equity shares at a face value of ₹10 per share. The IPO price is ₹94 per share, and the shares will be listed on NSE SME on February 12, 2025.
Ken Enterprises IPO Summary
| Particulars | Details |
|---|---|
| IPO Open Date | February 5, 2025 |
| IPO Close Date | February 7, 2025 |
| Face Value | ₹10 per share |
| IPO Price | ₹94 per share |
| Total Issue Size | ₹83.65 crores |
| Fresh Issue | ₹58.27 crores |
| Offer for Sale | 27,00,000 equity shares |
| Issue Type | Fixed Price Issue |
| Listing Exchange | NSE SME |
| Retail Quota | 50% |
| NII (HNI) Quota | 50% |
| QIB Quota | 0% |
| Allotment Date | February 10, 2025 |
| Refunds | February 11, 2025 |
| Credit to Demat Account | February 11, 2025 |
| Listing Date | February 12, 2025 |
Market Lot and Application Size
The minimum investment for retail investors requires 1 lot (1,200 shares), amounting to ₹1,12,800.
| Category | Lot Size | Shares | Investment Amount |
|---|---|---|---|
| Retail Minimum | 1 | 1,200 | ₹1,12,800 |
| Retail Maximum | 1 | 1,200 | ₹1,12,800 |
| S-HNI Minimum | 2 | 2,400 | ₹2,25,600 |
Ken Enterprises Financial Performance
Ken Enterprises has shown steady revenue growth over the past few years, with a significant increase in profit.
| Year | Revenue (₹ Cr) | Expense (₹ Cr) | Profit After Tax (₹ Cr) | Assets (₹ Cr) |
|---|---|---|---|---|
| 2022 | 354.80 | 356.67 | 2.36 | 187.26 |
| 2023 | 363.96 | 370.25 | 3.95 | 195.16 |
| 2024 | 402.21 | 397.21 | 8.93 | 242.15 |
| Nov 2024 | 326.42 | 319.92 | 9.53 | 266.30 |
The company’s profit after tax (PAT) rose from ₹3.95 crores in 2023 to ₹8.93 crores in 2024, indicating strong financial performance.
Ken Enterprises IPO Valuation Metrics
| Metric | Value |
|---|---|
| Return on Equity (ROE) | 19.90% |
| Return on Capital Employed (ROCE) | 51.52% |
| EBITDA Margin | 4.91% |
| PAT Margin | 2.22% |
| Debt to Equity Ratio | 0.09 |
| Earnings Per Share (EPS) | ₹4.86 |
| Price/Earnings (P/E) Ratio | 19.34 |
| Return on Net Worth (RoNW) | 19.90% |
| Net Asset Value (NAV) | ₹24.42 |
Peer Comparison
| Company | EPS | P/E Ratio | RoNW % | NAV | Revenue (₹ Cr) |
|---|---|---|---|---|---|
| Laxmi Cotspin Limited | (0.14) | NA | (0.38)% | 30.88 | 144.02 |
| Pashupati Cotspin Limited | 5.43 | 113.44 | 7.00% | 77.57 | 658.38 |
Ken Enterprises shows stronger RoNW and lower P/E ratio, making it more attractive for long-term investors.
Objects of the Issue
The funds raised from the IPO will be used for:
- Acquisitions (domestic and international)
- New Machinery Purchases
- Renovation of Manufacturing Facilities
- Working Capital Requirements
Ken Enterprises IPO Review & Analysis
Ken Enterprises has shown steady revenue and profit growth, with a low debt-to-equity ratio of 0.09, making it a financially stable company. Investors may consider applying for the IPO with a long-term perspective due to its strong return on equity (ROE) and profit growth.
IPO Ratings by Brokerage Firms
| Brokerage | Rating |
|---|---|
| Canara Bank | To be updated |
| Emkay Global | To be updated |
| ICICI Direct | To be updated |
| SBI Cap Securities | To be updated |
| Choice Broking | To be updated |
IPO Registrar & Merchant Bankers
- Registrar: Skyline Financial Services Pvt Ltd
- Phone: +91-11-40450193-97
- Email: compliances@skylinerta.com
- Website: www.skylinerta.com
- Lead Manager: Corporate Makers Capital Limited
Company Details
- Company Name: Ken Enterprises Limited
- Address: 9/621 Industrial Estate, Near Kalyan Kendra, Ichalkaranji, Maharashtra – 416115, India
- Phone: +91-0230-2438538
- Email: cs@kenindia.in
- Website: www.kenindia.in
Ken Enterprises IPO FAQs
1. What is Ken Enterprises IPO?
Ken Enterprises IPO is a SME IPO aiming to raise ₹83.65 crores at a price of ₹94 per share. The IPO will be listed on NSE SME.
2. When will Ken Enterprises IPO open for subscription?
The IPO opens on February 5, 2025, and closes on February 7, 2025.
3. What is the retail and HNI quota in the IPO?
- Retail Quota: 50%
- HNI (NII) Quota: 50%
- QIB Quota: 0%
4. How can I apply for Ken Enterprises IPO?
You can apply via ASBA through your bank account or UPI through stock brokers.
5. When will Ken Enterprises IPO be listed?
The IPO will be listed on NSE SME on February 12, 2025.
Disclaimer: This article is for informational purposes only. Please consult a financial advisor before investing.