● Issue Size – Up to 88,99,200 Equity Shares of face value of ₹ 10 each
- Fresh Issue Size – 61,99,200 Equity Shares
- Offer For Sale – 27,00,000 Equity Shares
● Issue Size – ₹ 83.65 Crores
● Issue Price – ₹ 94 Per Equity Share
● Lot Size – 1,200 Equity Shares
Mumbai, January, 2025 – 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 company hopes to raise ₹83.65 crores.
Equity Share Allocation
- Non-Institutional Investors (NII) – Up to 42,27,000 Equity Shares • Retail Individual Investors (RII) – Up to 42,27,000 Equity Shares • Market Maker – 4,45,200 Equity Shares
Utilization of Proceeds:
- Unidentified Acquisitions in India and abroad
- Purchase of New Machinery
- Capital Expenditure for renovation of both manufacturing facilities • Working Capital Requirements
- General Corporate Purposes
The Lead Manager to the Issue is Corporate Makers Capital Limited, The Registrar to the Issue is Skyline Financial Services Private Limited.
Mr. Nikunj Hariprasad Bagdiya, Managing Director & Chairman of Ken Enterprises Limited expressed, “The launch of our IPO is a defining moment in Ken Enterprises Limited’s journey of over two decades in the textile industry. We have worked hard to build a reputation for delivering high-quality, sustainable fabrics to renowned global brands like ZARA, Target, and Primark. Our asset-light business model, coupled with strong partnerships with third-party manufacturers, has enabled us to grow efficiently while maintaining a steadfast focus on quality and customer satisfaction.
The funds raised through this offering will drive growth, improve efficiency, and strengthen our position in the textile industry. Specifically, the proceeds will be utilized for acquisitions in India and abroad, the purchase of new machinery, capital expenditure for the renovation of our manufacturing facilities, and to meet working capital requirements. We are excited about the future and look forward to the opportunities ahead with the continued support of our employees and clients as we begin this exciting new chapter.”
Mr. Rohit Pareek, Director of Corporate Makers Capital Limited said, “Ken Enterprises Limited has built a strong reputation as a trusted player in India’s thriving textile industry, with a well-established client base that includes renowned global brands. The textile sector is at a transformational phase, with increasing demand for high-quality, sustainably sourced fabrics and advanced manufacturing capabilities. With its asset-light model, stringent quality control, and focus on innovation, Ken Enterprises Limited is well-positioned to capitalize on this shift.
With a clear vision and strong execution capabilities, Ken Enterprises Limited is set to further strengthen its presence in the textile sector. As the Lead Manager, we are proud to support the company in this significant phase of expansion.”
About The Company:
Ken Enterprises Limited is one of the leading textile manufacturer with over two decades of expertise in producing greige and finished fabrics for both domestic and international markets. The company exports to 10+ countries and is an ISO 9001:2015-certified organization recognized for its innovation and commitment to quality. As an approved vendor for global brands like ZARA (Inditex Group), Target, and Primark, Ken Enterprises Limited offers a diverse range of fabrics for fashion, home textiles, and industrial applications. Leveraging an asset-light business model, the company collaborates with third-party manufacturers in Ichalkaranji, Maharashtra, a prominent textile hub, ensuring scalability and operational efficiency. The company maintains a strong focus on sustainability, incorporating environmentally friendly practices such as an 8KW rooftop solar plant at its registered office. The company also upholds ethical business practices, prioritizing employee well-being, inclusive employment, and corporate governance standards.
In FY24, The Company Achieved a Revenue of ₹ 40,220.78 Lakhs, EBITDA of ₹ 1,975.42 Lakhs, & PAT of ₹ 892.73 Lakhs.
Disclaimer:
Certain statements in this document that are not historical facts are forward looking statements. Such forward-looking statements are subject to certain risks and uncertainties like government actions, local, political or economic developments, technological risks, and many other factors that could cause actual results to differ materially from those contemplated by the relevant forward
looking statements. The Company will not be in any way responsible for any action taken based on such statements and undertakes no obligation to publicly update these forward-looking statements to reflect subsequent events or circumstances.
