back-office Open An Account
partner-with-us Partner with Us
Corporate Actions
BSE SME Kenrik Industries shines on debut

09-May-25   11:58 Hrs IST
The scrip was listed at Rs 25.01, almost at par with the initial public offer (IPO) price. The stock was currently frozen at its upper limit over its listing price.

The counter hit a high of Rs 26.26 and a low of Rs 25.01. About 5.52 lakh shares of the company changed hands at the counter.

Kenrik Industries' IPO was subscribed 1.95 times. The issue opened for bidding on 29 April 2025 and it closed on 6 May 2025. The price of the IPO was fixed at Rs 25 per share.

The IPO comprised fresh issue of 34,98,000 equity shares. The promoter and promoter group shareholding diluted to 72.01% from 99.99% pre-issue.

The company intends to utilize the net proceeds to meet working capital requirements and general corporate purposes.

Kenrik Industries is engaged in the manufacturing, wholesaling, and supplying of plain and studded gold jewellery and ornaments. The company primarily focuses on traditional Indian jewellery. Its products include handmade gold jewellery studded with precious and semi-precious stones such as diamonds, rubies, cubic zirconia, etc. The company's product portfolio includes rings, earrings, armlets, pendants, nose rings, bracelets, chains, necklaces, bangles, watches, luxury items, and other wedding jewellery. The company had a total of 9 employees.

The company recorded revenue from operations of Rs 42.18 crore and net profit of Rs 0.78 crore for the period ended 31 October 2024.

Powered by Capital Market - Live News

Attention Investors: Stock Brokers can accept securities as margin from clients only by way of pledge in the depository system w.e.f. September 1, 2020. || Update your mobile number & email Id with your stock broker/depository participant and receive OTP directly from depository on your email id and/or mobile number to create pledge. || Pay 20% upfront margin of the transaction value to trade in cash market segment. || Investors may please refer to the Exchange's Frequently Asked Questions (FAQs) issued vide circular reference NSE/INSP/45191 dated July 31, 2020 and NSE/INSP/45534 dated August 31, 2020 and other guidelines issued from time to time in this regard. || Check your Securities /MF/ Bonds in the consolidated account statement issued by NSDL/CDSL every month.|| KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary.|| No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account.