
Consumer Goods / Luxury Goods · BSE
Kenrik Industries Limited, incorporated in 2017, designs and distributes traditional handmade gold jewellery featuring diamonds, rubies, cubic zirconia, and other precious or semi-precious stones. Its product range includes rings, earrings, armlets, pendants, chains, bracelets, bangles, watches, luxury accessories, and specialized wedding jewellery. Operating under a pure B2B model, the company caters to high-end, mid-market, and value segments, while the actual manufacturing is executed on a job-work basis at its Ahmedabad facility. Focused heavily on quality control and inventory management, Kenrik ensures all products are BIS Hallmark certified. As of July 31, 2024, the company had a small team of 9 employees.
Price Band
₹25
Issue Size
₹8.75 Cr
Lot Size
6000 shares
GMP
Est. Listing
₹25
at current GMP
Subscribed
2.00x
overall
Open
29 Apr 2025
Close
6 May 2025
Allotment
7 May 2025
Refund
8 May 2025
Demat Credit
9 May 2025
Listing
9 May 2025
Designated Registrar: Skyline Financial Services Private Limited
Allotment Date
7 May 2025
Basis finalization
Refunds Initiate
8 May 2025
Mandate release
Demat Credit
9 May 2025
Shares in demat
Listing Debut
9 May 2025
Trading begins
Kenrik Industries Limited is bringing an initial public offering (IPO) in the Consumer Goods / Luxury Goods sector with an aggregate issue size of ₹8.75 Crores. The shares are offered at a price band of ₹25 to ₹25 per equity share on BSE. Currently, market analysts recommend evaluating the company's financial valuation, price-to-earnings (P/E) multiple, and peer comparison prior to submitting bids.
The public offer consists of a fresh issue and offer-for-sale structured under SEBI regulations. Bidding is open to Qualified Institutional Buyers (QIB), Non-Institutional Bidders (NII/HNI), and Retail Individual Investors (RII). Applications can be submitted online using ASBA or UPI mandate through certified stock brokers and net banking portals.
Following the close of bidding on 2025-05-06, the basis of allotment is scheduled to be finalized on 2025-05-07. Investors can verify their application status online by submitting their PAN card number, Application Number, or DP Client ID on the registrar's official portal (Skyline Financial Services Private Limited) or the BSE allotment checking window.
Allotment records are updated in batches. If the status is not yet available, please wait a few hours until the basis of allotment is fully finalized.
Since funds are blocked under ASBA/UPI, the bank will automatically release the blocked hold on your funds upon receipt of revocation instructions from the sponsor bank.