Ken Enterprises, a leading textile manufacturer, successfully concluded its IPO subscription period from February 5 to February 7, 2025. The IPO, which was a fixed price issue of ₹83.65 crore, saw total subscription of 4.14 times, indicating a fair level of demand from investors.

Ken Enterprises IPO Details

Ken Enterprises IPO comprised a fresh issue of 61.99 lakh shares worth ₹58.27 crore and an offer for sale (OFS) of 27 lakh shares worth ₹25.38 crore. The IPO was priced at ₹94 per share, with a lot size of 1,200 shares, meaning a minimum investment of ₹1,12,800 for retail investors.

• Subscription Period: February 5 - February 7, 2025
• Allotment Date: February 10, 2025
• Listing Date: February 12, 2025 (NSE SME)
• IPO Price: ₹94 per share
• Market Capitalization at IPO Price: ₹230.91 crore
• Lot Size: 1,200 shares
• Minimum Investment (Retail Investors): ₹1,12,800
• Minimum Investment (HNI Investors - 2 lots): ₹2,25,600
• Lead Manager: Corporate Makers Capital Limited
• Registrar: Skyline Financial Services Private Limited
• Market Maker: Giriraj Stock Broking Private Limited

Ken Enterprises IPO Subscription Details

The Ken Enterprises IPO was subscribed 4.14 times by the closing date, with a higher demand from retail and HNI investors. Investors can check the Ken Enterprises IPO Live Subscription Status on NSE for further updates.

Ken Enterprises IPO Allotment and How to Check Status

The Ken Enterprises IPO allotment date is set for February 10, 2025. Investors can check their IPO allotment status online through the registrar’s website.

Steps to Check Ken Enterprises IPO Allotment:

1. Visit the IPO allotment status page.
2. Select Ken Enterprises Limited IPO from the dropdown menu.
3. Enter your application number, PAN, or DP Client ID.
4. Click Submit to view the allotment status.

By following these steps, investors can confirm their allotment and plan their next investment moves.

Ken Enterprises IPO Grey Market Premium (GMP)

The Grey Market Premium (GMP) for Ken Enterprises IPO remains at ₹0, indicating no premium trading before listing. This suggests that investors are cautious about the IPO's listing performance.

Note: GMP is unofficial and does not guarantee actual listing gains. It is used only as an indicator of market sentiment.

Objectives of Ken Enterprises IPO

The company plans to utilize the IPO proceeds for the following objectives:

1. ₹625 lakh for unidentified acquisitions in India and abroad.
2. ₹453.30 lakh for purchase of new machinery.
3. ₹376.54 lakh for renovation of manufacturing facilities.
4. ₹2,500 lakh to meet working capital requirements.

Financial Performance of Ken Enterprises

Ken Enterprises has shown strong financial growth, with increasing revenues and profitability over the years.

Key performance indicators:

• Pre-issue EPS: ₹4.86 | Post-issue EPS: ₹3.63
• Pre-issue P/E ratio: 19.34x | Post-issue P/E ratio: 25.87x
• ROCE: 51.52% | ROE: 19.90% | RoNW: 19.90%
• Annualized EPS: ₹7.78 | PE Ratio: 12.07x

Should You Invest in Ken Enterprises IPO?

Despite steady financial growth, Ken Enterprises IPO did not generate strong demand in the grey market, as indicated by the ₹0 GMP. The valuation of ₹94 per share appears fully priced, and analysts suggest that listing gains may be limited.

Considering the IPO's P/E ratio, financial metrics, and GMP trends, some investors might choose to avoid the IPO for short-term gains. However, long-term investors who believe in the company's textile business growth may still find potential in the stock.

The Upcoming IPOs in this week and coming weeks are Quality Power Electrical Equipmwnt, PS Raj Steels, Voler Car, Maxvolt Energy, Hexaware Technologies, L.K. Mehta, Shanmuga Hospital.

The Current active IPO are Solarium Green, Ajax Engineering, Chandan Healthcare.

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