Kenrik Industries came to market through an SME IPO that opened on 29 April 2025 and closed on 6 May 2025, and the shares listed on 9 May 2025 on BSE SME. The price band was ₹25 per share and one lot was 6000 shares, so the minimum application was ₹1,50,000. The issue size was ₹8.75 crore. The whole issue was fresh shares, so the money raised went to the company.
Skyline Financial Services Private Ltd was the registrar to the issue, and Turnaround Corporate Advisors Private Limited was the lead manager.
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Established in 2017, Kenrik Industries Limited deals in designing and marketing traditional Indian jewelry. The firm's product lineup includes handmade gold jewelry studded with precious and semi-precious stones, such as diamonds, rubies, and cubic zirconia. Kenrik Industries Limited provides a wide range of products that comprise rings, earrings, armlets, pendants, nose rings, bracelets, chains, necklaces, bangles, watches, luxury items, and wedding jewellery.
The products are designed as per the specific requirements of the customers and are produced on a job-work basis at the company's plant in Ahmedabad, Gujarat. Kenrik Industries Limited is presently engaged in a Business-to-Business (B2B) model, serving customers from high-end, mid-market, and value segments. Strong focus is given to quality check, inventory, and business development with a guarantee that all jewellery is BIS Hallmark certified.
As of 31st July, 2024, Kenrik Industries Limited employs a total of 9 staff members across different departments
As described in the offer document.
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Work out the listing gain for this SME IPO
If the retail portion is not fully subscribed, every valid application is allotted in full. If it is oversubscribed, SEBI's rules require that as many applicants as possible receive at least one lot, so the shares are allotted by a computerised lottery across all valid applications, one lot each, until the retail portion is exhausted. Applying for more lots does not improve your chance in a lottery; it only increases what you receive if the issue is under-subscribed.
The basis of allotment document, published by the registrar on the allotment date, states the ratio: for example, one applicant in seven received one lot.
Allotment status is published by the registrar on its website, searchable by PAN, application number or demat account, and also on the exchange's website. Allotted shares are credited to the demat account the day before listing, and blocked money for unsuccessful applications is released the same day. The Rupix app can check allotment status by PAN once the registrar publishes it.
Shares list within three working days of the issue closing. On listing day the exchanges run a special pre-open session from nine o'clock, during which orders are collected and an opening price is discovered from them; trading in the share begins after that, usually around ten. The opening price is the listing price that appears on this page once the issue has listed, and the listing gain or loss is the difference between it and the issue price.
For a mainboard issue, the share then trades in the normal way with the exchange's price band for a new listing. For an SME issue, shares trade in lots rather than one at a time, and the market can be thin, so selling on listing day is not always possible at the opening price. Capital gains on shares sold within a year of allotment are short-term and taxed at the short-term rate.
Kenrik Industries IPO was a ₹8.75 crore fixed-price issue, made up entirely of a fresh issue. It was priced at ₹25 per share with a lot size of 6,000 shares (₹1,50,000). The IPO was open from April 29 to May 6, 2025. Shares listed on BSE SME on May 9, 2025 at ₹25.01, in line with the issue price of ₹25. Skyline Financial Services Private Ltd is the registrar. Turnaround Corporate Advisors Private Limited is the book running lead manager.
The issue price of Kenrik Industries IPO is ₹25 per share (fixed price).
The lot size of Kenrik Industries IPO is 6000 shares.
The minimum investment for Kenrik Industries IPO is approximately ₹1,50,000 based on the issue price.
The allotment date of Kenrik Industries IPO is May 7, 2025.
You can check Kenrik Industries IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Kenrik Industries IPO allotment status on Rupix for quick and easy access.
₹25 per share, against a face value of ₹10. Most applicants bid at the cut-off price, the top of the band, so that the application was valid whatever price the issuer finally fixed.
One lot was 6000 shares, and every application had to be a whole number of lots. At the top of the band that made the minimum application ₹1,50,000. After listing, SME shares also trade in lots rather than one share at a time.
₹1,50,000, for one lot of 6000 shares at the top of the price band. The amount was blocked in the applicant's bank account through ASBA or a UPI mandate while the issue was open, and released on the allotment date to applicants who were not allotted shares.
It opened on 29 April 2025 and closed on 6 May 2025.
The basis of allotment was published on 7 May 2025 by Skyline Financial Services Private Ltd, and allotted shares were credited to demat accounts before listing.
The shares listed on 9 May 2025 on BSE SME.
The issue size was ₹8.75 crore. The fresh issue was 34,98,000 shares (aggregating up to ₹8.75 crore).