IPO Details
Bidding Dates
05 Feb 25 - 07 Feb 25
Price Range ₹
94 - 0
Total Equity
₹ 83.65Cr
Lot Size
1200
Exchange Status
NSE
IPO Doc
Subscription Rate
Non-Institutional Investor
0.00×
Qualified Institutional Buyers
0.00×
Employees
0.00×
Retail Investors
0.00×
Total subscription Rate
0.00×
IPO Timeline
Offer start
05 Feb 2025
Offer end
07 Feb 2025
Allotment
10 Feb 2025
Refund initiation
11 Feb 2025
Demat transfer
11 Feb 2025
Listing
12 Feb 2025
Offer start
05 Feb 2025
Offer end
07 Feb 2025
Allotment
10 Feb 2025
Refund initiation
11 Feb 2025
Demat transfer
11 Feb 2025
Listing
12 Feb 2025
About Company
Incorporated in 1998, Ken Enterprises Limited is a textile manufacturing company. The company produces fabrics for various uses, including apparel, industrial, technical, shirtings, and home furnishings. Ken Enterprises focuses on manufacturing greige fabrics, utilizing third-party manufacturers for production on a job-work basis. These facilities are located in and around Ichalkaranji, Maharashtra, a prominent fabric weaving hub, to increase production capacity. The business model emphasizes quality and customer satisfaction, providing both regular and sustainable greige and finished fabrics on an order-to-order basis. The product range includes greige, dyed (supported by third parties), printed, and RFD/PFD fabrics. With two manufacturing units in Shirol taluka near Ichalkaranji, covering approximately 50,000 square feet, the company is well-equipped with the necessary machinery. The product portfolio includes: - High-value apparel fabrics - Voiles for ladies' wear - Light canvas fabrics for shoe uppers, bags, and cargo pants - Organic and sustainable fabrics for high-end apparel - Bed linen for home textiles - Shoe canvases for shoes As of December 31, 2024, the company employed 228 permanent staff members.
Year Founded
05-06-1998
Promotor Details
Nikunj Hariprasad Bagdiya
Promoter Holdings Details
| Particular | Pre-IPO | Post-IPO |
|---|---|---|
| Percentage | 81.21 | 49.72 |
| Share Capital | 14914580 | 12214580 |
Offer to Public
88,99,200.00 Cr
Project Details
- General Corporate Expenses - 134.789cr
- Issue Expenses - 52.452cr
- Purchase of New Machinery - 45.33cr
- Capital Expenditure for renovation of both manufacturing facilities - 37.65cr
- To meet working capital requirements - 250cr
- Unidentified Acquisitions in India and abroad - 62.5cr
Objectives
- Our Company proposes to utilize the funds which are being raised towards funding the following objects and achieve the benefits of listing on the NSE Emerge Platform of National Stock Exchange of India:Unidentified Acquisitions in India and abroad
- Purchase of New MachineryCapital Expenditure for renovation of both Manufacturing Facilities
- To meet Working Capital Requirements
Highlights
- The company exports both regular and sustainable fabrics to over 10 countries, ensuring a diversified global market reach.
- Being an approved supplier for top international brands like ZARA (Inditex Group), Target, and Primark strengthens its credibility and business opportunities.
- The company holds key certifications such as ISO 9001:2015, GOTS, GRS, OCS, and BCI, demonstrating its commitment to quality, sustainability, and global standards.
- With an in-house production capacity of 145 lakh square meters per year in Maharashtra, the company can expand output without additional capital investment, providing a cost advantage.
- The company has shown steady revenue growth from Rs 354.80 crore in FY22 to Rs 402.21 crore in FY24, with PAT increasing significantly from Rs 2.36 crore to Rs 8.93 crore in the same period, reflecting strong financial performance.
Challenges
- The company relies on job-work manufacturers for production, making its operations vulnerable to their performance and reliability. Any disruptions in their output could negatively impact business operations.
- All operations are based in Ichalkaranji, Kolhapur, Maharashtra. Local disturbances such as social unrest or natural disasters could significantly affect business continuity and financial stability.
- The company's promoters are involved in ongoing legal proceedings. Any unfavorable verdicts could harm the company’s reputation and future business prospects.
- A significant portion of export revenue comes from South Korea, accounting for 79.78% as of November 30, 2024. Heavy reliance on a single country exposes the company to geopolitical, economic, and regulatory risks.
- The company has outstanding borrowings of Rs 41.96 crore as of January 15, 2025. Any difficulty in servicing these loans could strain its financial position and impact business operations.
Financials
| Years | Total Assets | Share Capital | Profit After Tax | Consolidated Net Profit | Adjusted EPS |
|---|---|---|---|---|---|
| 2022 | 18,726.09 | 258.68 | 892.73 | 892.73 | 4.8607 |
| 2023 | 19,515.92 | 258.68 | 892.73 | 892.73 | 4.8607 |
| 2024 | 24,215.49 | 258.68 | 394.85 | 394.85 | 2.1499 |
