Rahul Khanna
Ken Enterprises IPO is a fixed-worth issue valued at ₹83.65 crore. It is a combination of a fresh issue of 61.99 lakh shares amassing to ₹58.27 crores and an offer for sale of 27.00 lakh shares aggregating to ₹25.38 crores. The IPO opens for subscription today and closes on February 7, 2025. The allotment is expected to be finalized on February 10, 2025, with a tentative listing date of February 12, 2025, on NSE SME.
The IPO price is set at a price band of ₹94 per share. Retail depositors need a minimum investment of ₹1,12,800 for one lot of 1,200 shares, while HNI investors must invest in at least two lots, amounting to ₹2,25,600.
Corporate Makers Capital Limited is the book-running lead manager for this issue, while Skyline Financial Services Private Limited serves by means of the registrar. Giriraj Stock Broking Private Limited is the market maker.
For detailed financial and active information, investors can refer to the Ken Enterprises IPO DRHP. This IPO presents an opportunity to invest in a mounting enterprise listed on the SME platform.
About Ken Enterprises Limited
Ken Enterprises Limited, incorporated initially by means of Ken Textiles Private Limited on June 5, 1998, has undergone multiple transformations, plus a name change to Ken Enterprises Private Limited in 2013, earlier converting into a public limited company on August 5, 2024. The company is headquartered in Ichalkaranji, Maharashtra, and is betrothed in textile manufacturing and trading.
Ken Enterprises specializes in the construction of high-quality textile products, catering to both domestic and international markets. With a sturdy emphasis on modernization and operational efficiency, the company has leveraged government schemes besides incentives to enhance its engineering capabilities.
With a well-established B2B model, the company supplies its harvests to large-scale manufacturers and industrial clients, ensuring consistent quality, timely delivery, and competitive pricing. The company tails stringent quality control measures, adhering to industry regulations and certifications to maintain its reputation in the market.
Ken Enterprises is now seeking to expand its operations and strengthen its financial position through an Initial Public Offering (IPO), with a focus on capacity expansion, debt reduction, and infrastructure modernization.
Ken Enterprises IPO Objectives
The company proposes to utilize the net proceeds from the IPO for the following objectives:
Funds will be allocated to expand and upgrade manufacturing facilities, improving efficiency and increasing production output to meet rising market demand.
- A portion of the proceeds will be utilized to repay outstanding borrowings, reducing the company’s financial liabilities and enhancing its overall economic health.
- The proceeds will be used to modernize equipment and adopt advanced manufacturing technologies, improving quality, efficiency, and sustainability.
- The company will use part of the funds to meet its day-to-day operational expenses, ensuring smooth business operations and better cash flow management.
Contact Details of Ken Enterprises IPO
- Registered office: 9/621 Industrial Estate, Near Kalyan Kendra,
- Ichalkaranji, Maharashtra – 416115, India
- Phone: +91-0230-2438538
- E-mail: cs@kenindia.in
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