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15 Days Price Change

Kenrik Industries IPO

Closing In

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WEBSITE Inc. Year: 2017 Industry: Diamond & Jewellery Listed Page

Profile
Issue Size --
Profile
Price Range 25  to  25 per share
Profile
Min Investment ₹25
Profile
Lot Size 1
Profile
Face Value ₹10
Profile
Draft Prospectus --
Invest Before the IPO Goes Live

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Profile
  • Basic Info
  • IPO Tentative Timetable
  • IPO Lot Size
  • Subscription Status
  • Financials
  • Profit & Loss
  • Balance Sheet
  • Cash Flow
  • Ratios
  • Growth Rates
  • Other info

Overview

Founded in 2017, Kenrik Industries Limited specializes in the design and distribution of traditional Indian jewellery. The company’s offerings include handcrafted gold jewellery adorned with a variety of precious and semi-precious stones such as diamonds, rubies, and cubic zirconia. Kenrik's diverse product line features rings, earrings, armlets, pendants, nose rings, bracelets, chains, necklaces, bangles, watches, luxury items, and wedding jewellery. These pieces are customized to meet specific client needs and are produced on a job-work basis at the company’s facility in Ahmedabad, Gujarat. Operating on a Business-to-Business (B2B) model, Kenrik Industries serves clients across the premium, mid-range, and value market segments. The company prioritizes stringent quality control, efficient inventory management, and strategic business development, with all jewellery certified by BIS Hallmark to ensure authenticity and quality. Read More

Basic Info

Face Value 10 per share

Price 25  to  25 per share

P/E (x) 22.7

Sales( Cr.) 75

PAT( Cr.) 1

EPS 1.1

Draft Prospectus --

Exchange BSE-SME

Promoter

Company Promoters

Nitinkumar Dalpatbhai Shah Nihar Nitinbhai Shah Manisha Nitinkumar Shah Shah Nitin Dalpatlal (HUF).

Pre Issue Share Holding 94.26%

Post Issue Share Holding 70.69%

Listing Details:

Listing Price: 25.01

Listing Gain: 0.04%

Current Price: 9.2

Gain On Issue: 9.2 | 0%

GMP: --

GMP %: -- %

IPO Tentative Timetable

Opening Date Apr 29, 2025
Closing Date May 06, 2025
Allotment May 07, 2025
Refund May 08, 2025
Delivery of Shares May 08, 2025
Listing Date May 09, 2025

IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 6000 150,000
Retail (Max) 1 6000 150,000
S-HNI (Min) 2 12000 300,000
S-HNI (Max) 6 36000 900,000
B-HNI (Min) 7 42000 1,050,000

Objective of the Issue

1. To meet Working Capital Requirements. 2. General Corporate Expenses.

Issue

Category Nos Bid Bid (x)
QIB 0 0 0x
NII 1749000 349800 0.2x
Retail 1749000 6628710 3.8x
EMP 0 0 0x
Total 3498000 6996000 2x

Net Sales (in cr.)

Total Income (in cr.)

Operating Profit (in cr.)

Net Profit (in cr.)

Shareholder Funds (in cr.)

Total Assets (in cr.)

Kenrik Industries Profit & Loss

#(Fig in Cr.) Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 33 52 71 75
Other Income 0 0 0 0
Total Income 33 52 71 75
Total Expenditure 32 51 70 73
Operating Profit 1 1 1 2
Interest 0 0 0 0
Depreciation 0 0 0 0
Exceptional Income / Expenses 0 0 0 0
Profit Before Tax 1 1 1 1
Provision for Tax 0 0 0 0
Profit After Tax 0 0 1 1
Adjustments 0 0 0 0
Profit After Adjustments 0 0 1 1
Adjusted Earnings Per Share 0.4 0.5 1.2 1.1

Kenrik Industries Balance Sheet

#(Fig in Cr.) Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 11 12 13 14
Minority's Interest 0 0 0 0
Borrowings 0 0 0 0
Other Non-Current Liabilities -0 -0 -0 -0
Total Current Liabilities 1 4 3 4
Total Liabilities 12 16 16 18
Fixed Assets 0 0 0 0
Other Non-Current Assets 0 1 0 1
Total Current Assets 12 15 15 17
Total Assets 12 16 16 18

Kenrik Industries Cash Flow

#(Fig in Cr.) Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 0 0 0 3
Cash Flow from Operating Activities -5 0 2 -3
Cash Flow from Investing Activities -0 -1 0 -0
Cash Flow from Financing Activities 5 0 0 0
Net Cash Inflow / Outflow -0 -0 3 -2
Closing Cash & Cash Equivalent 0 0 3 0

Kenrik Industries Ratios

# Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 0.43 0.53 1.19 1.1
CEPS(Rs) 0.46 0.55 1.21 1.12
DPS(Rs) 0 0 0 0
Book NAV/Share(Rs) 12.3 12.82 14 15.11
Core EBITDA Margin(%) 1.36 0.99 1.78 1.95
EBIT Margin(%) 1.61 1.26 2 1.99
Pre Tax Margin(%) 1.61 1.25 2 1.99
PAT Margin (%) 1.19 0.91 1.51 1.33
Cash Profit Margin (%) 1.26 0.95 1.53 1.34
ROA(%) 3.12 3.38 6.83 5.93
ROE(%) 3.51 4.2 8.87 7.58
ROCE(%) 4.61 5.54 11.13 10.63
Receivable days 47.21 29.55 15.39 12.51
Inventory Days 78.29 59.78 53.52 58.89
Payable days 10.28 13.23 12.26 10.55
PER(x) 0 0 0 0
Price/Book(x) 0 0 0 0
Dividend Yield(%) 0 0 0 0
EV/Net Sales(x) 0.29 0.18 0.1 0.13
EV/Core EBITDA(x) 17.06 14.26 4.97 6.58
Net Sales Growth(%) 0 59.22 36.4 5.61
EBIT Growth(%) 0 23.91 117.62 4.98
PAT Growth(%) 0 22.14 125.63 -7.22
EPS Growth(%) 0 22.13 125.63 -7.21
Debt/Equity(x) 0.03 0.05 0.06 0.08
Current Ratio(x) 8.81 3.7 4.82 4.1
Quick Ratio(x) 3.83 1.23 1.42 0.87
Interest Cover(x) 404.77 592.73 1182.42 346.4
Total Debt/Mcap(x) 0 0 0 0

Sihora Industries Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 6% 31% 0% 0%
Operating Profit CAGR 100% 26% 0% 0%
PAT CAGR 0% 0% 0% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR -54% NA% NA% NA%
ROE Average 8% 7% 6% 6%
ROCE Average 11% 9% 8% 8%

Company Contact Information

Kenrik Industries Ltd.

B-306, East Face, Behind Maruti Suzuki Showroom Nr. S P Ring Road Ambli Road, Ambli, Daskroi

IPO Lead Manager(s)

Kenrik Industries Ltd.

Turnaround Corporate Advisors Private Limited

Registrar Info

Kenrik Industries Ltd.

Frequently Asked Questions

All You Need To Know About IPO

When you leave without vesting, generally unvested ESOPs are cancelled. Vested ESOPs usually can be exercised after you depart, often within 3 to 6 months, depending on the company's ESOP plan.

For companies listed on a stock exchange, you can sell the shares any time after you exercise the ESOP option and the shares are in your demat account. If the company is unlisted or otherwise a startup, you can only sell the shares if and when the company announces a buyback or has a process for secondary sales.

Whenever you exercised your options to hold shares, you entered into a market risk situation, and if the valuation of the company drops, so do the shares.

Yes. ESOPs are valuable to the employer in that the employer is able to retain the best talent, align employee interests with company goals, and preserve cash while rewarding performance.

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