The IPO of Ken Enterprises Limited is scheduled to begin on Feb 5

●Up to 88,99,200 equity shares with a face value of ₹10 each are available for purchase. The fresh issue size is 61,99,200 equity shares.

● Lot Size: 1,200 Equity Shares

● Issue Price: 94 Per Equity Share

● Issue Size: 83.65 Crores

January 30, 2025, Mumbai One of the top textile manufacturers, Ken Enterprises Limited, has announced that its Initial Public Offering (IPO) would begin on February 5, 2025. By listing its shares on the NSE Emerge platform, the business hopes to raise 83.65 crores.

Allocation of Equity Shares

The maximum number of equity shares available to non-institutional investors (NII) is 42,27,000.

  • Up to 42,27,000 equity shares are available to retail individual investors (RII).

  • 4,45,200 equity shares held by the market maker

  • Use of Proceeds:

  • Purchase of New Machinery
  • Capital Expenditure for Renovation of Both Manufacturing Facilities
  • Working Capital Requirements
  • Unidentified Acquisitions in India and elsewhere

  • General Business Objectives

Corporate Makers Capital Limited is the issue’s lead manager, while Skyline Financial Services Private Limited is its registrar.

“The launch of our IPO is a defining moment in Ken Enterprises Limited’s journey of over two decades in the textile industry,” said Mr. Nikunj Hariprasad Bagdiya, Managing Director & Chairman of Ken Enterprises Limited. We’ve worked hard to establish a reputation for providing premium, eco-friendly textiles to well-known international companies like Primark, Target, and Zara. We have been able to expand effectively while keeping a laser-like focus on quality and client satisfaction because to our asset-light business strategy and solid alliances with outside manufacturers.

The money obtained from this sale will boost our position in the textile sector, spur development, and increase efficiency. In particular, the money raised will be used to buy new machinery, make acquisitions both domestically and outside, capital investment to satisfy working capital needs and to upgrade our manufacturing facilities. As we start this exciting new chapter, we are thrilled about the future and anticipate the opportunities that lie ahead with the ongoing support of our clients and staff.

Director of Corporate Makers Capital Limited Mr. Rohit Pareek stated: “Ken Enterprises Limited has developed a solid reputation as a reliable participant in India’s flourishing textile sector, with a well established clientele that includes well-known international brands. With rising demand for premium materials sourced responsibly and sophisticated production capabilities, the textile industry is undergoing a transformative period. Ken Enterprises Limited is ideally positioned to benefit from this change because to its asset-light business strategy, strict quality control, and emphasis on innovation. Ken Enterprises Limited is poised to further solidify its position in the textile industry because to its clear vision and outstanding execution skills. We are honoured to assist the business in this important stage of growth as the Lead Manager.

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