Ken Enterprises: Ken Enterprises shares get listed at 9.57% discount!Ken Enterprises: Ken Enterprises shares get listed at 9.57% discount!

Ken Enterprises shares had a weak listing on February 12, debuting at ₹85 on NSE SME, a 9.57% discount from the issue price of ₹94. The ₹83.65 crore IPO was available for subscription from February 5 to 7, with shares priced at ₹94 each.

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Ken Enterprises IPO saw decent demand, closing with 4.36 times subscription after three days of bidding. It received bids for 3.68 crore shares against 84.54 lakh available. The retail segment was oversubscribed 6.86 times, while non-institutional investors subscribed 1.75 times during the bidding period.

Ken Enterprises Limited, incorporated in 1998, specializes in textile manufacturing, producing greige fabrics for apparel, industrial, and home furnishing needs. Utilizing third-party manufacturing in Ichalkaranji, Maharashtra, the company ensures quality and customer satisfaction. Its two manufacturing units span 50,000 square feet, supporting diverse fabric production.

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The objective of Ken Enterprises IPO is to fund working capital requirements, support business expansion, and enhance operational efficiency. The proceeds will help strengthen manufacturing capabilities, improve supply chain management, and meet growing market demand for high-quality textile products.

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.