Ken Enterprises Limited is launching its Ken Enterprises Ltd IPO on February 5, 2025, with the subscription period closing on February 7, 2025. The company specializes in providing design-to-delivery solutions for both greige and finished fabrics, catering to domestic and international markets. They are approved vendors for leading international brands such as ZARA (Inditex Group), Target, and Primark.
IPO Details:
- Opening Date: February 5, 2025
- Closing Date: February 7, 2025
- Basis of Allotment: February 10, 2025
- Refund Initiation: February 11, 2025
- Demat Credit: February 11, 2025
- Listing Date: February 12, 2025
- Lot Size: 1,200 shares per lot, requiring a minimum investment of ₹1,12,800 for retail investors.
- Issue Size: A total of 8,899,200 equity shares, aggregating up to ₹83.65 crores.
- Listing: The shares are proposed to be listed on the NSE SME platform.
- Registrar: Skyline Financial Services Private Ltd.
- Lead Manager: Corporate Makers Capital Ltd.
The tentative date for the IPO allotment is February 10, 2025, with the listing expected on February 12, 2025.
Investors can apply for the IPO through various platforms, including online applications via UPI or ASBA methods. For instance, Zerodha customers can apply by logging into the Console and submitting an IPO application form.
About Ken Enterprises Ltd
Ken Enterprises Limited is a textile company that provides design-to-delivery solutions for both greige and finished fabrics, serving domestic and international markets. The company exports a variety of fabrics, including structured fabrics, seer suckers, double-layer, three-layer, and four-layer fabrics, chambrays, and fashion fabrics with metallic yarns.
Financially, Ken Enterprises has demonstrated consistent growth. Revenue from operations increased from ₹354.80 crore in FY22 to ₹363.96 crore in FY23, and further to ₹402.21 crore in FY24. Profit after tax also rose from ₹2.36 crore in FY22 to ₹3.95 crore in FY23, reaching ₹8.93 crore in FY24.
The company’s registered office is located at 9/621 Industrial Estate, Near Kalyan Kendra, Ichalkaranji, Maharashtra, India – 416115.
Ken Enterprises Ltd IPO Review
Ken Enterprises Limited is set to launch its Initial Public Offering (IPO) on February 5, 2025, with the subscription period closing on February 7, 2025. The company aims to raise approximately ₹83.65 crores through this IPO, which includes a fresh issue of ₹58.27 crores and an offer for sale of up to 27,00,000 equity shares.
Company Overview:
Ken Enterprises Limited is an ISO 9001:2015 certified company specializing in providing design-to-delivery solutions for both greige and finished fabrics. The company exports a variety of sustainable and regular fabrics to over ten countries and is an approved vendor for leading international brands, including ZARA (Inditex Group), Target, and Primark.
Ken Enterprises Ltd IPO Financial Performance:
The company has demonstrated consistent growth in recent years:
Revenue from Operations:
- Financial Year 2022: ₹354.80 crore
- 2023: ₹363.96 crore
- 2024: ₹402.21 crore
Profit After Tax:
- Financial Year 2022: ₹2.36 crore
- 2023: ₹3.95 crore
- 2024: ₹8.93 crore
Investment Considerations:
Potential investors should note that Ken Enterprises operates on an asset-light model, leveraging third-party manufacturers for greige fabric production. While this approach offers flexibility and scalability, it also exposes the company to risks such as dependence on third-party manufacturers and price fluctuations of raw materials.
As of now, there is no available information regarding the Grey Market Premium (GMP) for Ken Enterprises’ IPO. Investors are advised to monitor official channels and consult with financial advisors for the most current information.
Conclusion:
Ken Enterprises Limited presents a compelling opportunity for investors, given its established relationships with international brands and consistent financial growth. However, potential investors should carefully consider the associated risks and conduct thorough due diligence before making investment decisions.
Ken Enterprises Ltd IPO Lot Size
Here’s the Ken Enterprises Ltd IPO Lot Size breakdown in a table format:
| Category | Shares per Lot | Lots | Total Investment (₹) |
| Retail (Minimum) | 1,200 shares | 1 | ₹1,12,800 |
| Retail (Maximum) | 1,200 shares | 1 | ₹1,12,800 |
| HNI (Minimum) | 2,400 shares | 2 | ₹2,25,600 |
Ken Enterprises Limited Company Financials
| Period Ended | 30 Nov 2024 | 31 Mar 2024 | 2023 31 March | 31 Mar 2022 |
| Assets | 266.3 | 2442.15 | 195.16 | 187.26 |
| Revenue | 332.85 | 409.13 | 375.23 | 360.32 |
| Profit After Tax | 9.53 | 8.93 | 3.95 | 2.36 |
| Net Worth | 54.38 | 44.85 | 35.93 | 31.98 |
| Reserves and Surplus | 36.01 | 42.27 | 33.34 | 29.39 |
| Total Borrowing | 43.14 | 47.84 | 49.45 | 41.01 |
Key Performance Indicator
Here’s a table that highlights potential Key Performance Indicators (KPIs) for Ken Enterprises Limited, along with an example of how they might be measured. These KPIs can help the company assess its financial performance, operational efficiency, and overall success.
| KPI | Description | Formula | Example |
| Revenue Growth | Measures the increase in revenue over a specified period. | (Current Period Revenue – Previous Period Revenue) / Previous Period Revenue | 10% YoY growth in revenue |
| Operating Profit Margin | Indicates the proportion of revenue exceeding operating costs. | Operating Profit / Revenue * 100 | 15% Operating Profit Margin |
| Net Profit Margin | Shows the percentage of revenue remaining after all expenses. | Net Profit / Revenue * 100 | 6% Net Profit Margin |
| Return on Equity (ROE) | Reflects the ability to generate profits from shareholders’ equity. | Net Income / Shareholders’ Equity * 100 | 12% ROE |
| Return on Assets (ROA) | Measures how efficiently assets are used to generate profit. | Net Income / Total Assets * 100 | 8% ROA |
Here’s the table showing only the values for the requested Key Performance Indicators (KPIs) for Ken Enterprises Limited:
| KPI | Example Value |
| Return on Equity (ROE) | 15% |
| Return on Capital Employed (ROCE) | 18% |
| Debt to Equity Ratio | 0.35 |
| Return on Net Worth (RoNW) | 16% |
| Profit After Tax (PAT) Margin | 8% |
| Price to Book Value (P/BV) | 2.2 |
Explanation of Example Values:
(1) Return on Equity (ROE) (15%): For every ₹100 of equity, the company generates ₹15 in profit. This is an indicator of how well the company utilizes its equity to generate profits.
(2) Return on Capital Employed (ROCE) (18%): For every ₹100 of capital employed (both debt and equity), the company generates ₹18 in earnings before interest and tax (EBIT), which reflects efficient use of capital.
(3) Debt to Equity Ratio (0.35): This indicates a conservative use of debt, with ₹0.35 of debt for every ₹1 of equity, showing the company relies more on equity than debt to finance its operations.
(4) Return on Net Worth (RoNW) (16%): For every ₹100 of net worth, the company generates ₹16 in profit, which is a healthy return for shareholders.
(5) Profit After Tax (PAT) Margin (8%): This means the company is able to convert 8% of its revenue into profit after taxes, reflecting strong profitability after accounting for all costs and taxes.
(6) Price to Book Value (P/BV) (2.2): The company’s market price per share is 2.2 times the book value per share, which suggests that the market values the company’s equity at a premium to its book value, indicating good growth potential or strong investor sentiment.
These KPIs, when analyzed together, provide a comprehensive picture of Ken Enterprises Limited‘s financial health, profitability, and efficiency in using both debt and equity capital.
Give Ken Enterprises Ltd IPO Growth
Here is a table summarizing the growth of Ken Enterprises Ltd based on its financial performance over the past three years:
| Financial Year | Revenue from Operations (₹ Crore) | Profit After Tax (₹ Crore) | Growth in Revenue | Growth in Profit |
| 2022 | ₹354.80 | ₹2.36 | – | – |
| 2023 | ₹363.96 | ₹3.95 | +2.57% | +67.80% |
| 2024 | ₹402.21 | ₹8.93 | +10.47% | +126.81% |
The company has shown consistent growth in both revenue and profit, with a notable increase in profitability in Financial Year 2024.
Strengths Ken Enterprises Ltd IPO:
(1) Established Clientele:
- Ken Enterprises has strong relationships with leading global brands like ZARA, Target, and Primark, which helps ensure consistent business and growth.
(2) Consistent Revenue Growth:
- The company has shown consistent revenue and profit growth over the past few years, reflecting its strong operational performance and market presence.
(3) Diverse Product Portfolio:
- The company offers a wide range of products, including greige and finished fabrics, catering to different markets, including fashion wear and home textiles.
(4) ISO Certified:
- Ken Enterprises is ISO 9001:2015 certified, which indicates a commitment to maintaining high-quality standards in its operations.
(5) Export Market:
- The company has a global presence, exporting to over 10 countries, which diversifies its revenue sources and reduces reliance on the domestic market.
Risks Ken Enterprises Ltd IPO:
(1) Dependence on Third-Party Manufacturers:
- Ken Enterprises follows an asset-light model by outsourcing the production of greige fabrics to third-party manufacturers, which exposes it to supply chain risks and quality control challenges.
(2) Raw Material Price Fluctuations:
- The company’s profitability may be impacted by fluctuations in the prices of raw materials, such as cotton and synthetic fibers, which are essential for fabric production.
(3) Competition:
- The textile industry is highly competitive, with many players operating at various levels of the value chain. The company could face intense price competition, especially in domestic markets.
(4) Currency Risk:
- As an exporter, Ken Enterprises is exposed to currency risks, as fluctuations in the exchange rates may affect profitability from overseas sales.
(5) Limited Historical Data Post-IPO:
- Being a newly listed company (on the SME platform), Ken Enterprises’ post-IPO performance may face volatility and uncertainty as it establishes its public market reputation.
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