Latest news with #KenrikIndustries
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Business Standard
09-05-2025
- Business
- Business Standard
Kenrik Industries shares list flat on the BSE SME, hit upper circuit later
Kenrik Industries IPO listing: Shares of Kenrik Industries were locked in the 5 per cent upper circuit at ₹ 26.26 per share on the BSE SME, soon after listing flat at ₹ 25.01 per share against its issue price of ₹ 24.5 per share, on Friday, May 9. Trading of the stock has been halted on the exchange since then. Nearly 0.2 million equity shares of Kenrik Industries worth around ₹ 0.52 crore exchanged hands on the BSE SME today. Kenrik Industries IPO listing was in line with the grey market expectations. Prior to the debut, Kenrik Industries shares were trading flat at ₹ 25 apiece in the grey market, as per sources tracking the grey market. Catch Stock Market LIVE Updates Today Kenrik Industries IPO details Kenrik Industries's ₹ 8.75 crore SME IPO consisted of a fresh issue of 3.5 million equity shares, and no offer for sale (OFS) component. The IPO was priced at ₹25 per share, with a minimum lot size of 6,000 shares. It was open for subscription from April 29 to May 6, 2025. The publci offering witnessed muted investor demand and was oversubscribed by 2 times. The basis of allotment of shares was finalised on May 7, 2025. In its Red Herring Prospectus (RHP), Kenrik Industries said that the proceeds from the fresh issue will be utilised to meet working capital requirements as well as for general corporate expenses. About Kenrik Industries Kenrik Industries is a Gujarat-based company that designs and distributes traditional Indian jewelry, offering handmade gold jewelry studded with precious and semi-precious stones. Their product portfolio includes rings, earrings, pendants, nose rings, bracelets, chains, necklaces, and wedding jewelry, catering to high-end, mid-market, and value segments. The company operates on a B2B model, focusing on quality control, inventory management, and business development, with all jewelry certified by BIS Hallmark.
Business Standard
09-05-2025
- Business
- Business Standard
BSE SME Kenrik Industries shines on debut
Shares of Kenrik Industries were trading at Rs 26.26 on the BSE, a premium of 5.04% compared with the issue price of Rs 25. The scrip was listed at Rs 25.01, almost at par with the initial public offer (IPO) price. The stock was currently frozen at its upper limit over its listing price. The counter hit a high of Rs 26.26 and a low of Rs 25.01. About 5.52 lakh shares of the company changed hands at the counter. Kenrik Industries' IPO was subscribed 1.95 times. The issue opened for bidding on 29 April 2025 and it closed on 6 May 2025. The price of the IPO was fixed at Rs 25 per share. The IPO comprised fresh issue of 34,98,000 equity shares. The promoter and promoter group shareholding diluted to 72.01% from 99.99% pre-issue. The company intends to utilize the net proceeds to meet working capital requirements and general corporate purposes. Kenrik Industries is engaged in the manufacturing, wholesaling, and supplying of plain and studded gold jewellery and ornaments. The company primarily focuses on traditional Indian jewellery. Its products include handmade gold jewellery studded with precious and semi-precious stones such as diamonds, rubies, cubic zirconia, etc. The companys product portfolio includes rings, earrings, armlets, pendants, nose rings, bracelets, chains, necklaces, bangles, watches, luxury items, and other wedding jewellery. The company had a total of 9 employees. The company recorded revenue from operations of Rs 42.18 crore and net profit of Rs 0.78 crore for the period ended 31 October 2024.
Mint
09-05-2025
- Business
- Mint
Kenrik Industries share price locks at 5% upper circuit after flat debut
Dhanya Nagasundaram Published 9 May 2025, 10:10 AM IST Mint Image Kenrik Industries share price made a flat debut on BSE SME today. Kenrik Industries share price today opened at ₹ 25.01, which is almost same as the issue price of ₹ 25. Following the debut, Kenrik Industries share price today was locked in 5% upper circuit limit.
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Business Standard
07-05-2025
- Business
- Business Standard
Kenrik Industries IPO allotment today; check status, GMP, listing date
Kenrik Industries IPO allotment status: The basis of allotment of shares for Kenrik Industries is expected to be finalised today, Wednesday, May 7, 2025. The initial public offering (IPO) of Kenrik Industries, which closed its three-day subscription window on Tuesday, May 6, received a muted response from investors, with the offering being oversubscribed by nearly 2 times. Once the allotment of Kenrik Industries IPO shares is finalised, investors can check their status on the official websites of the BSE and Skyline Financial Services, the registrar for the issue. Alternatively, investors can also follow these direct links to check the Kenrik Industries IPO allotment status online: Kenrik Industries IPO details The SME offering, valued at around ₹8.75 crore, comprises a fresh issue of 3.5 million equity shares, without any offer-for-sale (OFS) component. The public issue was open for subscription from Tuesday, April 29, 2025, to Tuesday, May 6, 2025. It was available at ₹25 per share, and the lot size is 6,000 shares. Kenrik Industries proposes to utilise the proceeds from the fresh issue to meet working capital requirements as well as for general corporate expenses. Kenrik Industries IPO grey market premium (GMP), listing estimate The unlisted shares of Kenrik Industries were trading flat at ₹25 apiece, according to sources tracking unofficial market activities. Thus, the grey market premium (GMP) for Kenrik Industries IPO remains nil as of Wednesday, May 7. Shares of Kenrik Industries are expected to debut on the BSE SME platform tentatively on Friday, May 9, 2025. The current GMP trend indicates a flat listing of the company's shares. However, it is important to note that GMP is an unregulated market indicator and should not be relied upon for determining the company's market performance. About Kenrik Industries Kenrik Industries is a Gujarat-based company that designs and distributes traditional Indian jewelry, offering handmade gold jewelry studded with precious and semi-precious stones. Their product portfolio includes rings, earrings, pendants, nose rings, bracelets, chains, necklaces, and wedding jewelry, catering to high-end, mid-market, and value segments. The company operates on a B2B model, focusing on quality control, inventory management, and business development, with all jewelry certified by BIS Hallmark.
Economic Times
07-05-2025
- Business
- Economic Times
Kenrik Industries IPO allotment: Check status, GMP, listing date and other details
The allotment for Kenrik Industries IPO is likely to be finalised on May 7. Investors will be able to check their allotment status on the registrar website, Skyline Financial Services or through BSE. The IPO, which was open from April 29 to May 6, garnered a healthy retail subscription of 3.8x. The allotment is expected to be tight in the retail category. The overall subscription stood at 2x. ADVERTISEMENT The shares will be credited to bidders' demat accounts by May 8, and refunds for unallotted investors will also be processed on the same day. The company is set to debut on the BSE SME platform on May 9. Step 1: Visit the BSE Website ( Step 2: Please select the issue name, that is the company's name in the drop down. Step 3: Enter the application number or PAN number to check the allotment status. ADVERTISEMENT Step 1: Visit the Skyline Financial Services website ( Step 2: Select Kenrik Industries IPO ADVERTISEMENT Step 3: Enter the PAN details and click search to know the status ADVERTISEMENT The Rs 8.75 crore IPO was entirely a fresh issue of 34.98 lakh shares at a fixed price of Rs 25 per share. The IPO proceeds will largely be used to bolster working capital (Rs 6.56 crore) and meet general corporate expenses (Rs 1.8 crore), helping the company scale up operations and manage its growing inventory and vendor Industries, based in Ahmedabad, operates in the traditional Indian jewellery segment through a B2B model. The company designs and distributes handmade gold and stone-studded jewellery, catering to high-end and mid-market company generated revenue of Rs 70.97 crore in FY24, with a PAT of Rs 1.08 crore. ADVERTISEMENT At the issue price of Rs 25, Kenrik Industries is valued at a market cap of Rs 31.24 crore. The post-issue P/E ratio stands at 23.31x based on annualised earnings as of October 31, 2024, while the RoNW is at 8.62%. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
