
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
Overall Subscription
2.00x
Total Demand
QIB Multiplier
0.00x
Institutions & Funds
NII / HNI
0.20x
High Net-Worth
Retail (RII)
3.79x
Individual Bidders
Live bidding breakdown by institutional, non-institutional, and retail investors
| Category | Shares Offered | Shares Applied / Bid | Times Subscribed |
|---|---|---|---|
| NIB | 1,656,000 | 324,000 | 0.20x |
| RETAIL | 1,662,000 | 6,300,000 | 3.79x |
| Total | 3,318,000 | 6,624,000 | 2.00x |
Total unique applications received across retail and HNI tranches
| Category | Applications Reserved | Applications Received | Times Subscribed |
|---|---|---|---|
| Retail (RII) | 204 | 773 | 3.79x |
| HNIs (10L +) | 1 | — | 0.20x |
| HNIs (2-10L) | 6 | 1 | 0.20x |
| Total Applications | 211 | 774 | 3.67x |
Track continuous institutional and retail bidding order books for all active issues on the ipo live subscription feed.
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.
Currently, Kenrik Industries Limited IPO Grey Market Premium (GMP) is not actively quoted or is quoted flat at ₹0. The shares are expected to list close to the issue price band of ₹25 to ₹25 per equity share.
The retail lot size is 6000 shares requiring a minimum application amount of ₹1,50,000. Expected listing price is ₹25 per equity share.
The Kenrik Industries Limited IPO aggregate issue size is ₹8.75 Crores with an equity price band set at ₹25 to ₹25 per equity share. The retail lot size is 6000 shares requiring a minimum capital outlay of approx. ₹1,50,000.
Live subscription figures are compiled real-time from the NSE and BSE bidding engines. Currently, overall subscription is 2.00x (Retail: 3.79x, QIB: 0.00x, NII: 0.20x). You can track live multiples directly on our dedicated subscription page.
The basis of allotment will be published on the official registrar portal (Skyline Financial Services Private Limited) and the BSE status verification website on or around 2025-05-07. Investors can verify status using PAN card or application number.
Kenrik Industries Limited shares are scheduled to list on BSE on 2025-05-09.