Incorporated in 2017, Kenrik Industries Limited is engaged in the design and distribution of traditional Indian jewellery. The company’s product range features handmade gold jewellery studded with precious and semi-precious stones, including diamonds, rubies, and cubic zirconia.
Kenrik Industries Limited offers an extensive portfolio that includes rings, earrings, armlets, pendants, nose rings, bracelets, chains, necklaces, bangles, watches, luxury items, and wedding jewellery. The products are crafted to meet specific customer requirements and are manufactured on a job-work basis at the company’s facility located in Ahmedabad, Gujarat.
Kenrik Industries Limited currently operates under a Business-to-Business (B2B) model, catering to customers across high-end, mid-market, and value market segments. The company places strong emphasis on quality control, inventory management, and business development, ensuring all jewellery is certified by BIS Hallmark.
As of July 31, 2024, Kenrik Industries Limited has a total of 9 employees across various departments.
| Purpose | Amount (₹ Cr) |
|---|---|
| To meet Working Capital Requirements | ₹7 |
| General Corporate Expenses | ₹2 |
| Metric | 31 Oct 2024 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Total Assets | 16 | 16 | 16 |
| Revenue | 42 | 71 | 52 |
| PAT | 1 | 1 | 0 |
| Net Worth | 13 | 13 | 12 |
| Total Borrowing | 1 | 1 | 1 |
| Category | Sub (x) | Offered | Bid For |
|---|---|---|---|
| NII / HNI | — | 1,656,000 (47%) | — |
| Retail (RII) | — | 1,662,000 (48%) | — |
| Market Maker | — | 180,000 (5%) | — |
| Total | — | 3,498,000 (100%) | — |
* Amount calculated at upper price band (₹25) · ** Total includes all investor categories
- 1 Initiation of Refund 08 May 2025
- 2 Credit of Shares to Demat 08 May 2025
- Retail allocation is strong at 48% of the total offering.
- HNI/NII demand is strong at 47%.
- The IPO P/E of 23x reflects a good valuation relative to typical market ranges.
- Pre-issue EPS of ₹1 compares to post-issue EPS of ₹1 after dilution.
This IPO shows strong fundamentals and healthy investor demand. Research the business model and compare with sector peers before applying.
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