Ken Enterprises Limited is a dynamic textile organization recognized for its high-quality fabric offerings worldwide. Established as a visionary player, Ken India sets itself apart with a strong commitment to ethical business practices and exceptional customer service. This IPO marks an important step in the company’s growth and offers investors a chance to engage with one of the emerging textile brands in India.

IPO Offer Structure and Pricing
Ken Enterprises IPO, which launched on February 5, 2025, offers 61.99 lakh shares worth ₹58.27 crores through a fresh issue and an offer for sale of 27 lakh shares valued at ₹25.38 crores. The IPO price per share is ₹94, and the IPO will be listed on NSE SME on February 12, 2025. The lot size for retail investors is set at 1,200 shares, requiring a minimum investment of ₹1,12,800.

The market capitalization of Ken Enterprises at the IPO price stands at ₹230.91 Crores. Retail investors can invest as low as ₹1,12,800, while High-Net-Worth Individuals (HNIs) are required to invest a minimum of ₹2,25,600 for 2 lots (2,400 shares). Corporate Makers Capital Limited is the Book Running Lead Manager for this IPO, and Skyline Financial Services Pvt Ltd acts as the Registrar. The Market Maker for the issue is Giriraj Stock Broking Pvt Ltd.

Grey Market Premium (GMP) and Subscription Status
As of February 7, 2025, the Grey Market Premium (GMP) for Ken Enterprises is reported at ₹0, reflecting a flat trend in market sentiment. The IPO has been 3.69 times subscribed on the final day of the subscription period, indicating a positive demand from investors.

IPO Allotment Process
The IPO allotment date is scheduled for February 10, 2025. To check allotment status, investors can visit the registrar’s website, select Ken Enterprises IPO, and enter their application number or PAN details. This process ensures that investors can track their allotment status with ease.

Financial Performance and Key Metrics
Ken Enterprises has shown consistent growth in its financials, with a revenue of ₹33,285.11 Lakh for FY 2024. The EBITDA for FY 2024 stood at ₹2,368.53 Lakh, and the Profit After Tax (PAT) was ₹952.63 Lakh, reflecting its profitability. The company boasts a Pre-Issue EPS of ₹4.86 and a Post-Issue EPS of ₹3.63 for FY24.

Ken Enterprises demonstrates a robust financial outlook with high ROCE (51.52%) and ROE (19.90%), suggesting a well-managed company with efficient capital utilization. The P/E ratio is 19.34x pre-issue and 25.87x post-issue, positioning the IPO at a fair valuation.

Investment Objective and Fund Utilization
The net proceeds from the IPO will be allocated to various business expansions and improvements:

• ₹625 Lakhs for acquiring companies in India and abroad.
• ₹453.30 Lakhs for purchasing new machinery.
• ₹376.54 Lakhs for capital expenditure to renovate manufacturing facilities.
• ₹2,500 Lakhs for meeting working capital requirements.

With a steady growth trajectory and solid financials, Ken Enterprises looks poised for further expansion in the global textile market.

The Upcoming IPOs in this week and coming weeks are PS Raj Steels, Chandan Healthcare, Ajax Engineering, Voler Car, Maxvolt Energy, Hexaware Technologies.

The Current active IPO are Eleganz Interiors, Readymix Construction, Solarium Green, Ken Enterprises, Amwill Healthcare.

Start your Stock Market Journey and Apply in IPO by Opening Free Demat Account in Choice Broking FinX.

Join our Trading with CA Abhay Telegram Channel for regular Stock Market Trading and Investment Calls by CA Abhay Varn - SEBI Registered Research Analyst.

Join our Finance Saathi Telegram Channel for Regular Share Market, News & IPO Updates.