The Ken Enterprises IPO 2025 is live, offering investors the chance to subscribe to a fixed-price issue amounting to ₹ 83.65 Crores. With an issue price of ₹ 94 per equity share, this textile company aims to leverage its steady growth in the global fabric market. Here's everything investors need to know about the IPO, its subscription status, allotment process, and potential listing insights.

Ken Enterprises IPO Overview

Ken Enterprises, a leading name in the textile sector, has set its eyes on expansion with an IPO issue size of ₹ 83.65 Crores. The issue consists of two parts:

• A fresh issue of 61.99 Lakh shares (₹ 58.27 Crores)
• An Offer for Sale (OFS) of 27.00 Lakh shares (₹ 25.38 Crores)

The subscription period for the IPO is from February 5, 2025, to February 7, 2025, with the allotment date scheduled for February 10, 2025. The tentative listing date on the NSE SME is February 12, 2025.

Financial Snapshot

Ken Enterprises has shown strong financial growth over recent years, with a consistent increase in revenues and profits:

• Revenue: ₹ 33,285.11 Lakh for the period ended Nov 30, 2024.
• EBITDA: ₹ 2,368.53 Lakh for the same period.
• Profit after Tax (PAT): ₹ 952.63 Lakh, showing a significant increase from previous years.

The pre-issue EPS stands at ₹ 4.86, while the post-issue EPS is expected to be ₹ 3.63 for FY24. With a P/E ratio of 19.34x pre-issue and 25.87x post-issue, the company’s valuation is competitive but suggests a cautious approach for listing gains.

Objectives of the IPO

Ken Enterprises plans to use the funds raised through this IPO for several strategic initiatives:

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

IPO Subscription and Allotment Details

As of 7:00 PM on February 7, 2025, the IPO was subscribed 4.14 times, indicating healthy demand from investors.

For those looking to check their allotment status, it will be available starting February 10, 2025. Investors can easily check the allotment by visiting the registrar’s website and submitting details like their application number or PAN.

IPO Grey Market Premium

The Grey Market Premium (GMP) of Ken Enterprises IPO is currently ₹ 0, indicating a flat trend in grey market trading. This could suggest that the market is cautious regarding the IPO’s future performance, with no significant listing gains anticipated. Investors are advised to avoid the IPO for potential listing gains, given the lack of a premium.

Conclusion: Should You Invest in Ken Enterprises IPO?

With its steady financial performance and reasonable valuation, Ken Enterprises presents a fair opportunity for long-term investment, but not ideal for listing gains. Investors should focus on the company’s growth potential rather than short-term price fluctuations post-listing.

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

The Current active IPO are Eleganz Interiors, Readymix Construction, Solarium Green.

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.