A Golden Opportunity or Fool’s Gold? Let’s Dive into Kenrik Industries IPO 2025!.
Imagine standing at a jewelry store — the sparkling display blinds you for a moment. Some gems are real treasures, some… not so much. That’s exactly what investing in an IPO feels like sometimes — thrilling yet risky.
Today, we’re unwrapping the Kenrik Industries IPO 2025 like a precious jewelry box — layer by layer — to help you decide if this is a jewel worth chasing or one better left untouched.
Quick Snapshot: Kenrik Industries IPO 2025
| Feature | Details |
|---|---|
| IPO Open Date | April 29, 2025 |
| IPO Close Date | May 6, 2025 |
| Issue Price | ₹25 per share |
| Face Value | ₹10 per share |
| Total Issue Size | ₹8.75 Crores |
| Lot Size | 6000 shares (₹1,50,000) |
| Listing Exchange | BSE SME |
| Retail Quota | 50% |
| HNI Quota | 50% |
| Allotment Date | May 7, 2025 |
| Listing Date | May 9, 2025 |
Who is Kenrik Industries?
Think royal weddings, grand ceremonies, and sparkling luxury — Kenrik Industries crafts traditional handmade Indian jewelry like rings, necklaces, bracelets, and more — often decorated with diamonds, rubies, and cubic zirconia.
- Founded in 2017
- Focus: Kenrik Industries offers a diverse range of handcrafted gold jewelry, catering to both the premium and mid-tier markets.
- Certified: BIS Hallmark on all products
- Staff Strength: 9 employees (small but mighty)
In short, Kenrik is like the silent artist behind the scenes of India’s glittering wedding seasons.
Why is Everyone Talking About This IPO?
Because Kenrik is profitable — and growing fast.
Let’s peek at the numbers:
| Year | Revenue (₹ Cr) | Profit After Tax (₹ Cr) |
|---|---|---|
| 2022 | 32.69 | 0.39 |
| 2023 | 52.04 | 0.47 |
| 2024 | 70.97 | 1.08 |
Revenue almost doubled in two years
Profit more than doubled from FY23 to FY24
Not too shabby, right? But wait — there’s more under the hood you need to see.
Strengths of Kenrik Industries IPO
- Solid Revenue Growth: Consistent upward trend — a green flag
- Certified Trust: BIS Hallmark adds credibility
- Diverse Product Range: Appeals to different customer tiers
- Low Debt: Debt-to-equity ratio at 0.53 — reasonably healthy
- Profitable Business Model: With a solid business approach, Kenrik Industries recorded a net profit surpassing ₹1 crore in FY24, showcasing its robust financial health.
But Beware: Here Are the Risks!
- Tiny Workforce: Only 9 employees — could limit scaling quickly
- Thin Margins: PAT Margin is 1.53% — not industry-leading
- Highly Competitive Market: Jewelry industry = tough competition
- SME IPO Risks: Generally higher volatility post-listing
Pro Tip: Always treat SME IPOs as long-term plays unless you’re an active trader ready for high-risk rides.
IPO Valuation at a Glance
| KPI | Value |
|---|---|
| ROE | 9.01% |
| ROCE | 10.85% |
| EPS (Basic) | ₹1.21 |
| P/E Ratio | 21.21x |
| Return on Net Worth (RoNW) | 8.62% |
| Net Asset Value (NAV) | ₹13.98 |
Insight:
The P/E ratio of 21.21 seems moderate — not too cheap, not overpriced — considering industry peers.
How Does Kenrik Stack Up Against Competitors?
| Company | EPS | PE Ratio | RoNW (%) |
|---|---|---|---|
| Kenrik Industries | 1.21 | 21.21 | 8.62% |
| Veerkrupa Jewellers | 0.31 | 4.06 | 1.83% |
| Motisons Jewellers | 4.30 | 38.68 | 9.82% |
| Khazanchi Jewellers | 11.01 | 28.15 | 14.55% |
Takeaway:
Kenrik is better placed than Veerkrupa, but lags behind heavyweights like Motisons and Khazanchi.
Kenrik IPO Timeline You Can’t Miss
- Opening Date: April 29, 2025
- Closing Date: May 6, 2025
- Allotment Date: May 7, 2025
- Refunds Initiated: May 8, 2025
- Demat Credit: May 8, 2025
- Listing Date: May 9, 2025
Pro Tip:
Mark your calendars if you’re planning to apply!
Should You Invest in Kenrik Industries IPO?
If you’re someone who:
- Believes in the long-term potential of Indian traditional jewelry
- Can tolerate some volatility (small IPOs can swing wild post-listing)
- Wants exposure to a niche, growing business
Then yes, Kenrik could be a glittering addition to your portfolio!
But if you prefer only blue-chip, high-margin businesses, you might want to pass.
FAQs About Kenrik Industries IPO
- What is the lot size for Kenrik Industries IPO?
6000 shares per lot, costing ₹1,50,000. - How can I apply for the Kenrik Industries IPO?
Apply via ASBA (banking apps) or through brokers like Zerodha, Upstox using UPI. - What is the listing date for Kenrik Industries IPO?
May 9, 2025, on BSE SME platform. - What’s the retail investor portion?
Retail quota is 50% of the total issue. - What is the price band for Kenrik Industries IPO?
Fixed at ₹25 per share.
Final Words: Is Kenrik a Crown Jewel for Your Portfolio?
At the end of the day, investing is part science, part art — much like jewelry-making itself.
Kenrik Industries offers a compelling growth narrative, but it also comes with the inherent volatility typical of SME IPOs.
Invest with your eyes open, stay patient, and who knows? This small gem might turn into a dazzling treasure in your portfolio a few years down the line!