Ken Enterprises Limited IPO

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Ken Enterprises Limited has over 20 years of experience in textile manufacturing, specializing in both greige and finished fabrics for domestic and international markets. The company follows a design-to-delivery model, ensuring end-to-end solutions for textile production.

Key highlights of its business operations:

i. Export Presence: The company exports its regular and sustainable textile fabrics to 10+ countries.
ii. Global Clientele: Approved vendor for top global brands like ZARA (Inditex Group), Target, and Primark.
iii. Product Portfolio: Offers a wide range of premium and sustainable fabrics, including: Fashion Fabrics (with metallic yarns), Chambrays, Seer Suckers, “Double, Three, and Four-layer Fabrics”, Light Canvas and “Women’s Fashion Wear, Men’s and Kids’ Shirts, Home Textiles, and Embroidery Fabrics”.

Conclusion

Ken Enterprises Limited is a well-established textile manufacturing company with a strong global presence, high-quality standards, and a commitment to sustainability. By leveraging its expertise in greige and finished fabrics, industry certifications, and partnerships with global fashion brands, the company is positioned as a key player in the textile industry.

Objects of the Ken Enterprises Limited IPO:

The Company proposes to utilize the funds which are being raised towards funding the following objects: i. Unidentified Acquisitions in India and abroad ii. Purchase of New Machinery iii. Capital Expenditure for renovation of both Manufacturing Facilities iv. To meet Working Capital Requirements The Company will not receive any proceeds from the Offer for Sale. Total number of shares issue :- i. Fresh issue is 61,99,200 shares, ii. Offer for sale is 27,00,000 shares.
DRHP of Ken Enterprises Limited IPO
RHP of Ken Enterprises Limited IPO

Ken Enterprises Limited IPO Details:

Open Date: Feb 05 2025
Close Date: Feb 07 2025
Total Shares: 88,99,200
Face Value: ₹ 10 Per Equity Share
Issue Size: 83.65 Cr.
Lot Size: 1200 Shares
Issue Price: ₹ 94 Per Equity Share
Listing At: NSE Emerge
Listing Date: Feb 12 2025

Promoters And Management:

Nikunj Hariprasad Bagdiya, 47, is the Promoter, Chairman, and MD of Ken Enterprises Ltd. With 26+ years of experience in textiles, he has driven innovation, team building, and global expansion. A dynamic leader, he integrates best practices and technology, ensuring excellence in bulk and value-added orders. He has also spoken at key industry events like ISFMA (Lenzing Group) and MPEN 2023. Bina Hariprasad Bagdiya, 71, is the Promoter & Non-Independent Director of Ken Enterprises Ltd. With 20+ years of experience in legal, HR, and administration, she has been a key board member since 2004. As District Chairman of Inner Wheel Club (District 317), she actively engages in social initiatives while contributing strategic insight to the company. Sachin Janardan Mulay, 49, is the Whole-time Director & CFO of Ken Enterprises Ltd. With 29+ years of experience in finance, auditing, and strategic consultancy, he has been a key leader since 2003. He oversees financial planning, risk management, budgeting, debt syndication, and banking relationships, playing a crucial role in the company’s growth strategy.

Financials of Ken Enterprises Limited IPO:

(In Crores)
Particulars Nov 30, 2024 March 31, 2024 March 31, 2023 March 31, 2022
Revenue from Operations 326.42 402.20 363.96 354.79
EBITDA 17.25 19.75 4.81 9.50
EBITDA Margins 5.29% 4.91% 1.32% 2.68%
PAT 9.52 8.92 3.94 2.36
PAT Margins 2.92% 2.22% 1.08% 0.67%
ROCE 51.52% 32.58% 33.41%
CFOA 17.98 16.67 -2.39 11.22

Comparison With Peers:

Companies Revenue EBITDA Margins PAT Margins D/E Ratio MCap P/E
Ken Enterprises   (FY 2024) 402.20 Cr. 4.91% 2.22% 0.79 230.91 Cr. 25.88
Laxmi Cotspin (TTM) 155 Cr. -1% -1% 0.74 47.70 Cr. In loss
Pashupati Cotspin (TTM) 658 Cr. 5% 1.22% 0.94 945 Cr. 58.50

Recommendation on Ken Enterprises Limited IPO:

Review and Recommendation of Ken Enterprises IPO by team IZ is 3/10.

Lead Manager of Ken Enterprises Limited IPO:

  1. Corporate Capital Ventures Private Limited

Registrar of Ken Enterprises Limited IPO:

  1. Skyline Financial Services Private Ltd

Company Address:

Ken Enterprises Limited 9/621, Industrial Estate Near Kalyan Kendra, Ichalkaranji, 416115 Phone: 91-0230-2438538 Email: cs@kenindia.in Website: http://www.kenindia.in/

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