Ken Enterprises Limited is launching an IPO with a total offering of up to 89,00,000 equity shares, each with a face value of ₹10. This includes a fresh issue of up to 62,00,000 shares and an offer for sale of up to 27,00,000 shares. The company plans to use the funds raised for pursuing unidentified acquisitions in India and abroad, purchasing new machinery, renovating its manufacturing facilities, and addressing its working capital needs.
Ken Enterprises IPO – Important Dates
Ken Enterprises Limited IPO Date | February 5, 2025, to February 7, 2025 |
Ken Enterprises Limited IPO Listing Date | February 12, 2025 |
Ken Enterprises Limited IPO Price | ₹ 94 per share |
Ken Enterprises Limited IPO Lot Size | 1,200 Shares |
Ken Enterprises Limited IPO Total Issue Size | Upto 89,00,000 Equity Shares |
Ken Enterprises Limited IPO Basis of Allotment | February 10, 2025 |
Ken Enterprises Limited IPO Initiation of Refunds | February 11, 2025 |
Ken Enterprises Limited IPO Credit of Shares to Demat | February 11, 2025 |
Ken Enterprises Limited IPO Issue Type | Fixed Price Issue IPO |
Ken Enterprises Limited IPO Listing At | NSE SME |
Read more about Ken Enterprises Limited IPO GMP
Ken Enterprises Limited IPO – Company Profile
Ken Enterprises Limited (KEL) is a distinguished textile company with over 25 years of expertise, led by Managing Director Mr. Nikunj Hariprasad Bagdiya. Recognised for excellence, KEL operates in the Fabric Business and Apparel Division, providing end-to-end solutions.
KEL, established in 1998, is a manufacturer of textile products that designs and delivers fabrics and apparel that offers chenille fabrics, nylon, polyester scrimps, aprons, and sheer curtains.
They export to 20+ countries, hold certifications like GOTS and BCI, and embrace sustainability. With a state-of-the-art manufacturing setup, KEL offers high-value fabrics globally, demonstrating a commitment to innovation, quality, and corporate responsibility
Ken Enterprises Ltd IPO Fundamental Analysis
Ken Enterprises Limited’s financial analysis reveals a growing performance. Revenue has increased, with increasing profitability, EPS, and RoNW, along with asset growth, rising equity, and reduced inventory turnover, indicating potential operational efficiency.
- Revenue Trend: The revenue increased from ₹36,396.26 lakhs in March 2023 to ₹40,220.78 lakhs in March 2024.
- Equity and Liabilities: Equities have consistently increased over the periods, reflecting potential growth and expansion. However, the debt-equity ratio has decreased, indicating a decreasing reliance on debt financing.
- Profitability: The profit after tax (PAT) has significantly increased from ₹394.85 lakhs in March 2023 to ₹892.73 lakhs by March 2024.
- Earnings per Share (EPS): The EPS has increased from ₹15.26 in March 2023 to ₹34.51 by March 2024, reflecting higher earnings per share for investors.
- Return on Net Worth (RoNW): The RoNW has increased from 10.99% to 19.90%, indicating an increase in the company’s ability to generate returns on shareholder equity.
- Financial Position: Total assets have increased, suggesting potential business growth.
- Inventory Turnover Ratio: There’s a decrease in the Inventory Turnover Ratio, which might suggest slightly slower sales or a reduction in efficient inventory management.
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Ken Enterprises IPO Financial Analysis
Particular | As of 31 March 2022 | As of 31 March 2023 | As of 31 March 2024 |
Revenue from operations (₹ in lakhs) | 35,479.84 | 36,396.26 | 40,220.78 |
EBITDA | 950.29 | 481.85 | 1,975.42 |
EBITDA Margin(%) | 2.68 | 1.32 | 4.91 |
Profit and Loss After Tax (₹ in lakhs) | 236.46 | 394.85 | 892.73 |
PAT Margin(%) | 0.67 | 1.08 | 2.22 |
ROE(%) | 7.39 | 10.99 | 19.90 |
ROCE(%) | 33.41 | 32.58 | 51.52 |
RoNW (%) | 7.39 | 10.99 | 19.90 |
Basic Earnings Per Share (EPS in ₹) | 9.14 | 15.26 | 34.51 |
Net Asset Value Per Share (NAV in ₹) | 123.62 | 138.88 | 173.39 |
Ken Enterprises Limited IPO Peer Comparison
Ken Enterprises Limited shows a high EPS and RONW when compared to its peers. Pashupati Cotspin Limited excels in revenue and has the highest PE when compared to others, whereas Laxmi Cotspin Limited shows a negative EPS and slow growth among its peers.
Company | Revenue fromoperations (₹ in lakhs) | CurrentPrice per Equity Share (₹) | P/E Ratio | EPS (₹) | RONW (%) | NAV perequityShare (₹) |
Ken Enterprise PrivateLimited | 40,220.78 | – | – | 34.51 | 19.90% | 173.39 |
Laxmi Cotspin Limited | 14,402.21 | 37.69 | NA | (0.14) | -0.38% | 30.88 |
Pashupati CotspinLimited | 65,837.68 | 530.00 | 97.61 | 5.43 | 7.00% | 77.57 |
Ken Enterprises Ltd IPO Objective
The main objective of Ken Enterprises Limited IPO is to pursue unidentified acquisitions in India and abroad, purchase new machinery, capital expenditures for renovation of both manufacturing facilities, and meet the working capital requirements.
1. Unidentified Acquisitions in India and abroad: The company intends to utilise INR 625 lakhs from the Net Proceeds to pursue inorganic acquisition initiatives focused towards the expansion of their operations. From the net proceeds, they plan to make acquisitions of small-scale companies operating within the industry.
2. Purchase of New Machinery: The company intends to purchase new machinery worth INR 453.30 lakhs to further improve its operations.
3. Capital Expenditure for the Renovation of both Manufacturing Facilities: The company intends to deploy ₹376.54 lakhs to renovate and improvise their existing manufacturing facilities situated at Ichalkaranji.
4. To meet Working Capital Requirements: The company requires INR 2500.00 lakhs to meet its working capital requirement and short-term financial obligations while maintaining its day-to-day operations.
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Ken Enterprises IPO Risks And Challenges
Ken Enterprises Limited’s risk includes a dependency on third-party manufacturers, negative cash flow history, and vulnerability to market changes.
- The company depends on third-party manufacturers to manufacture their products on a work basis. Their business is, therefore, dependent to a large extent on the expected performance and operation of such manufacturers.
- The company has experienced negative cash flows in the past and may continue to do so in the future and the same may adversely affect their cash flow requirements, which in turn may adversely affect their ability to operate the business and implement their growth plans, thereby affecting their financial condition.
- Their business is vulnerable to variations in demand and changes in consumer preferences, which could have an adverse effect on the business, results of operations and financial condition.
Ken Enterprises Ltd IPO – Industry & Market Potential
The Indian synthetic textile market is projected to see substantial growth, with exports of man-made fibres (MMF) expected to increase by 75% by 2030, rising from USD 6.5 billion to approximately USD 11.4 billion. This surge reflects the broader global trend of rising synthetic fibre consumption, which currently dominates the market at 72%.
The production of synthetic fabric in India is also set for significant expansion, driven by growing domestic and export demands. The demand for polyester, a key synthetic material, is forecasted to grow from about 4 million tonnes to 6.7 million tonnes by 2025, reflecting a compound annual growth rate (CAGR) of approximately 15%.
The government’s goal to increase overall textile production to USD 250 billion by 2030 emphasises the importance of scaling up synthetic fabric production. Investments
in technological advancements and manufacturing capacity will be essential to achieving these targets and enhancing India’s global competitiveness in the synthetic textile sector.
Ken Enterprises Limited IPO – Type of Offer
Ken Enterprises Limited plans up to 89,00,000 equity shares of face value ₹10/- each, which includes fresh issue of up to 62,00,000 equity shares of face value ₹10/- each and an offer for sale of up to 27,00,000 equity shares of face value ₹10/- each to pursue unidentified acquisitions in India and abroad, purchase new machinery, capital expenditures for renovation of both manufacturing facilities, and to meet the working capital requirements.
- Fresh Issue: The company will issue 62,00,000 new shares of face value ₹10/- each new share to raise capital. The company intends to utilise the proceeds from the fresh issue to pursue unidentified acquisitions in India and abroad, purchase new machinery, capital expenditures for the renovation of both manufacturing facilities, and meet the working capital requirements.
- Offer for sale: Ken Enterprises Limited is offering to sell 27,00,000 crore existing shares of face value ₹10/-. The following are the details of the existing shareholders who are also the promoters selling the shares:
Name of the promoter selling shareholder |
Mr. Nikunj Hariprasad Bagdiya (50%) |
Mrs. Bina Hariprasad Bagdiya (50%) |
Ken Enterprises IPO Offer Size
The offer size of Ken Enterprises Limited IPO is up to 89,00,000 equity shares, each with a face value of ₹10. This includes a fresh issue of up to 62,00,000 shares and an offer for sale of up to 27,00,000 shares. The company aims to pursue unidentified acquisitions in India and abroad, purchase new machinery, capital expenditures for renovation of both manufacturing facilities, and meet the working capital requirements.
Ken Enterprises Limited IPO Allotment Structure
Ken Enterprises Limited’s allocation will be as follows: A minimum of 50% for Retail Individual Investors (RII) and the remaining to other investors, including corporate bodies or institutions, irrespective of the number of specified securities applied for, according to SEBI regulations as it is a fixed price issue.
● Retail Individual Investors (RII): A minimum of 50% of the shares will be allotted to Retail Individual Investors. These individual investors apply for shares with a total value of less than Rs.2 lakhs.
Read more about Ken Enterprises Limited IPO Day 1 Subscription Status
How to apply for the Ken Enterprises IPO?
To apply for the Ken Enterprises IPO through Alice Blue, follow these steps:
Open a Demat and Trading Account: If you don’t have one already, you must open a Demat and trading account with Alice Blue.
- Check for IPO Details: Once your account is active, you can check for the Ken Enterprises IPO details in the IPO section of the Alice Blue platform.
- Place the Bid: Enter the number of shares you wish to buy and place your bid within the IPO’s price band.
- Submit the Application: Confirm all your details and submit your application.
You can apply for the Ken Enterprises Limited IPO at Alice Blue in just a few clicks!
Check Allotment Status: After the allotment process, you can check the allotment status to see if you have received any shares.
Please note that the allotment of shares is not guaranteed and will depend on the demand for the IPO.
How do you check Ken Enterprises IPO Allotment Status?
Checking the allotment status of an IPO in Alice Blue is usually straightforward. Please follow these general steps:
- Log in to your Alice Blue Account: You can do this through the Alice Blue website or the trading app.
- Navigate to the Portfolio or IPO Section: This might differ based on the layout of Alice Blue’s platform, but generally, you can find the status of your IPO application under the ‘Portfolio’ or ‘IPO’ section.
- Find the IPO Allotment Status: Look for a sub-section called ‘IPO Allotment Status’ or something similar. This is where you can see the status of the IPOs you have applied for.
- Select the Ken Enterprises IPO: If you have applied for multiple IPOs, there might be a dropdown menu or a list where you can select the IPO you are interested in. Select the Ken Enterprises IPO.
- Check the Status: The status of your application should be displayed here. If the shares have been allocated to you, it would be mentioned here.
If you face any issues, we request you to reach out to our customer support team at Alice Blue for detailed assistance.
Apart from Alice Blue, there are other ways to check the allotment status of the Ken Enterprises IPO:
● Registrar’s Website: Visit the website of Skyline Financial Services Private Limited, the registrar of the Ken Enterprises IPO. On the homepage, look for the ‘IPO Allotment Status’ option. You must enter your PAN, application, or Demat account number to check your allotment status. Click on the ‘Submit’ button to view your IPO allotment status.
● BSE NSE: You can also check the allotment status on the official websites of the Bombay Stock Exchange (BSE) National Stock Exchange (NSE). You would need your application number and PAN to check the status.
Please note that the allotment status will only be available after completing the allotment process, a few days after the IPO window closes.
Ken Enterprises Ltd IPO Offer Registrar
The registrar for the Ken Enterprises Limited IPO is Skyline Financial Services Private Limited They are responsible for ensuring the IPO allotment and refund processes are carried out smoothly.
Contact information for the registrar:
SKYLINE FINANCIAL SERVICES PRIVATE LIMITED
D-153A, 1st Floor, Okhla Industrial Area,
Phase-I, New Delhi- 110020
Telephone: 011 40450193-197
Email ID: [email protected]
Website: www.skylinerta.com
Ken Enterprises IPO – FAQs
The allotment date of the Ken Enterprises IPO is February 10, 2025.
The price band of the Ken Enterprises IPO is Rs.94 per share.
The size of the Ken Enterprises IPO is up to 89,00,000 equity shares of face value ₹10/- each, which includes a fresh issue of up to 62,00,000 equity shares and an offer for sale of up to 27,00,000 equity shares.
The listing date of the Ken Enterprises IPO is February 12, 2025.
The Ken Enterprises IPO is getting listed on the National Stock Exchange(NSE).
The open and close dates of the Ken Enterprises Limited IPO are February 5, 2025, and February 7, 2025.
To apply for the Ken Enterprises Ltd IPO through Alice Blue, open a Demat and trading account, check IPO details, place your bid within the price band, submit the application, and check allotment status. Allotment depends on demand, and shares are not guaranteed.
The Book Runner for the Ken Enterprises IPO is Corporate Makers Capital Limited.
Disclaimer: The above article is written for educational purposes and the companies’ data mentioned in the article may change with respect to time. The securities quoted are exemplary and are not recommendatory.