Ken Enterprises, a well-established player in the textile industry, is gearing up for its IPO under the SME category. This fixed-price issue will raise Rs.83.65 crore through 88,99,200 shares. Let’s dive into the key details of the Ken Enterprises IPO price , and more.
Ken Enterprises IPO Details
Ken Enterprises was founded in 1998 and specializes in manufacturing various types of fabrics, including technical, industrial, and home furnishing fabrics. The company operates with two manufacturing units near Ichalkaranji, Maharashtra, known for its expertise in fabric weaving. It focuses on producing high-quality fabrics such as greige, dyed, printed, and RFD/PFD fabrics.
The Ken Enterprises IPO Date is set for February 5, 2025, with the closing date on February 7, 2025. The IPO price is Rs.94 per share, and the expected listing date is February 12, 2025. This IPO offers a combination of fresh issues and an offer for sale (OFS), with a total issue size of Rs.83.65 crore.
Ken Enterprises IPO Price & Financials
The Ken Enterprises IPO Price is Rs.94 per share, offering investors a chance to own a part of a strong and growing company. Financially, Ken Enterprises has shown consistent growth in revenue and profits. In FY 2024, the total revenue reached Rs.409.13 crore, with a net profit of Rs.8.93 crore. The company has a solid balance sheet, with assets of Rs.242.15 crore as of March 2024.
Key Highlights
- IPO Size: Rs.83.65 crore (88,99,200 shares)
- Price: Rs.94 per share
- IPO Date: February 5–7, 2025
- Expected Listing Date: February 12, 2025
- Issue Type: Fixed price issue
Risks to Consider
While Ken Enterprises has strong leadership and financials, it faces challenges such as reliance on third-party manufacturers and price fluctuations of raw materials. Investors should consider these factors before making a decision.
Conclusion
The Ken Enterprises IPO presents an attractive investment opportunity for those looking to invest in the textile sector. With strong financial performance, a diverse product range, and experienced management, the company has potential. However, investors must weigh the risks before investing.
