Ken Enterprises IPO Allotment Status

Summary

Ken Enterprises Limited, established in 1998, is a textile manufacturing company specializing in the production of greige fabrics for various purposes including apparel, industrial, technical, shirtings, and home furnishings. With two manufacturing units located in Shirol taluka near Ichalkaranji covering approximately 50,000 square feet, the company operates with 228 permanent employees and leverages third-party manufacturing services to enhance their production capacity.
 

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Ken Enterprises IPO comes with a total issue size of ₹83.65 crore, comprising a fresh issue of ₹58.27 crore and an offer for sale of ₹25.38 crore. The IPO opened on February 5, 2025, and closed on February 7, 2025. The allotment date for the Ken Enterprises IPO is expected to be finalized on Monday, February 10, 2025.

Steps to Check Ken Enterprises IPO Allotment Status on Registrar Site

• Visit Skyline Financial Services Private Ltd website
• Select "Ken Enterprises IPO" from the dropdown menu on the allotment status page
• Enter your PAN ID, Demat Account Number, or Application Number in the designated field
• Complete the captcha verification process and click on the "Submit" button to view your allotment status

Steps to Check Ken Enterprises IPO Allotment Status on BSE/NSE

• Navigate to the NSE SME IPO Allotment Status Page
• Choose "Ken Enterprises IPO" from the list of active IPOs in the dropdown menu
• Input your Application Number and PAN ID in the required fields
• Verify the captcha and click "Search" to check your allotment status

Ken Enterprises IPO Subscription Status 

Ken Enterprises IPO received good investor interest, being subscribed 4.36 times overall. Here is a category-wise breakdown of the subscription as of 6:19:59 PM on February 7, 2025:

• Retail Category: 6.86 times
• Non-Institutional Investors (NII): 1.75 times

As of 6:19:59 PM

Utilization of IPO Proceeds 

The funds raised through the IPO will be utilized as follows:

• Strategic Acquisitions: Unidentified acquisitions in India and abroad
• Equipment Enhancement: Purchase of new machinery
• Infrastructure Upgrade: Capital expenditure for renovation of both manufacturing facilities
• Working Capital: Meeting working capital requirements

Ken Enterprises IPO - Listing Details 

The shares are scheduled to list on February 12, 2025, on NSE SME. The subscription rate of 4.36 times shows solid investor interest in Ken Enterprises' business model and growth prospects. The company has demonstrated steady financial performance with revenue of ₹332.85 crore and profit after tax of ₹9.53 crore for the period ended November 30, 2024. Their diverse product portfolio, established client relationships, and asset-light business model position them well for future growth in the textile manufacturing sector.