Kenrik Industries Limited IPO Live
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Schedule of Kenrik Industries Limited
| Issue open date | 29 Apr 2025 |
| Issue close date | 06 May 2025 |
| UPI mandate deadline | 06 May 2025 (5 PM) |
| Allotment finalization | 07 May 2025 |
| Refund initiation | 08 May 2025 |
| Share credit | 08 May 2025 |
| Listing date | 09 May 2025 |
| Mandate end date | 21 May 2025 |
| Lock-in end date for anchor investors (50%) | 06 Jun 2025 |
| Lock-in end date for anchor investors (remaining) | 05 Aug 2025 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
About Kenrik Industries Limited
Kenrik Industries Limited, established in 2017, is initiating its IPO aimed at expanding its reach in the B2B jewellery sector. The company specialises in traditional Indian jewellery, focusing on handmade gold items enhanced with precious stones like diamonds and rubies. Headquartered in Ahmedabad, Gujarat, Kenrik serves diverse market segments, ensuring quality through BIS Hallmark certification. Its operations emphasise meticulous quality control and inventory management. With a focus on customer specifications, Kenrik maintains solid relationships within the jewellery industry, supporting its steady presence in the market.
Financials of Kenrik Industries Limited
*All figures are in ₹ Crores.
Issue size
| Funds Raised in the IPO | Amount |
| Overall | ₹8.75 crores |
| Fresh Issue | ₹8.75 crores |
Utilisation of proceeds
| Purpose | INR crores (%) |
| Working capital requirements | 6.56 crores (74.97%) |
| General corporate purposes | 1.8 crores (20.57%) |
Strengths
- Diverse product range for various preferences and budgets.
- Strict quality control with BIS-certified reliability.
- Competitive pricing through efficient manufacturing and sourcing.
Risks
- High inventory costs could harm the business.
- Unsecured loans are recallable anytime.
- Lack of long-term supplier contracts poses supply and pricing risks.
Subscription Figures for Kenrik Industries
Subscription numbers as of 5:00 PM on 29 Apr 2025:
| Category | Reserved (lakhs) | Applied (lakhs) | Subscription (X times) |
|---|---|---|---|
| QIB | – | – | – |
| NII (₹2L+) | 16.56 | 0.36 | 0.02x |
| Retail (upto ₹2L) | 16.62 | 8.04 | 0.48x |
| Total | 33.18 | 8.40 | 0.25x |