₹ 112800
₹94- ₹94
1200
₹83
10
7 Feb 2025
Download11 Feb 2025
13 Feb 2025
Application Details
The Initial Public Offering (IPO) of Ken Enterprises Limited is scheduled to open on February 5, 2025, and will close on February 7, 2025. This fixed price issue IPO is set to be listed on the NSE SME platform. The IPO comprises a total issue size of 88,99,200 shares, aggregating up to ₹83.65 crore, which includes a fresh issue of 61,99,200 shares worth ₹58.27 crore and an offer for sale of 27,00,000 shares of ₹10 each, aggregating up to ₹25.38 crore. The face value of each share is ₹10, with the issue price fixed at ₹94 per share.
The lot size for the IPO is 1,200 shares, requiring a minimum investment of ₹1,12,800 for retail investors, who can apply for a maximum of one lot. High Net-Worth Individuals (HNIs) must apply for a minimum of two lots, totalling 2,400 shares and an investment of ₹2,25,600. The basis of allotment will be finalized on February 10, 2025, with the initiation of refunds and credit of shares to demat accounts scheduled for February 11, 2025. The company's shares are expected to be listed on February 12, 2025.
About Ken Enterprises Limited (SME IPO)
Incorporated in 1998, Ken Enterprises Limited is engaged in the textile manufacturing business, specializing in the production of fabrics for diverse applications, including apparel, industrial, technical, shirtings, and home furnishings. The company primarily manufactures greige fabrics and enhances its production capacity through third-party manufacturing services on a job-work basis, located in and around Ichalkaranji, Maharashtra, a prominent fabric weaving hub.
Ken Enterprises operates with a business model focused on quality and customer satisfaction, supplying both regular and sustainable greige and finished fabrics on an order-to-order basis. Their product range includes greige, dyed (supported by third parties), printed, and RFD/PFD fabrics. The company has two manufacturing units situated in Shirol taluka near Ichalkaranji, spanning a combined area of approximately 50,000 square feet and equipped with advanced machinery.
Its diverse product portfolio features 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, and shoe canvases for footwear.
FAQ
IPO stands for "Initial Public Offering." It's the process through which a privately-held company becomes publicly traded by offering its shares to the general public and listing them on a stock exchange for trading. This allows the company to raise capital from investors and grants individuals and institutions the opportunity to invest in and own a portion of the company.
The life cycle of an IPO, or Initial Public Offering, begins with a company's decision to go public. It involves hiring underwriters, registering with regulatory authorities, determining the IPO price, marketing to investors, and the subscription period where investors place orders for shares. After allocation and listing, shares become publicly tradable, and the company enters the secondary market. Ongoing reporting and corporate governance are crucial as the company continues to operate as a publicly-traded entity. The IPO aims to raise capital for growth and provides investors with opportunities to trade shares in the company.
An IPO (Initial Public Offering) is when a private company goes public by selling shares to the public. Investors buy these shares, giving them ownership in the company. It's a way for companies to raise capital and expand. The process involves underwriters, regulatory filings, setting the IPO price, and marketing to investors. After the IPO, shares can be traded on a stock exchange. IPOs offer opportunities and risks, so investors should research and consider carefully.
"Upcoming IPOs" refers to initial public offerings that have been announced by private companies but have not yet occurred. These are companies that plan to go public in the near future by issuing shares to the public and listing them on a stock exchange. Investors often keep an eye on upcoming IPOs as they represent opportunities to invest in companies at their early stages of public trading, potentially capturing growth potential. These offerings are typically accompanied by significant media and investor attention as they approach their launch dates.