Kenrik Industries is launching its IPO, offering 34.98 lakh shares at ₹25 each. The IPO aims to boost growth in the handcrafted jewelry market, with a strong product range and a revenue CAGR of 29.50%.

Kenrik Industries to Raise ₹8.75 Crore in IPO from April 29 to May 6, 2025

Kenrik Industries, a prominent player in the traditional Indian jewelry market, is all set to launch its initial public offering (IPO) from April 29 to May 6, 2025, with an issue price of ₹25 per share. The company is offering a fresh issue of 34,98,000 shares, raising an estimated ₹8.75 crore. With no offer for sale, this IPO will serve as a significant step for Kenrik Industries to strengthen its position in the fast-growing handcrafted jewelry sector.

Product Portfolio and Business Model

Kenrik Industries specializes in handcrafted traditional jewelry, including a wide range of rings, earrings, necklaces, bracelets, bangles, watches, and wedding jewelry. The company uses precious and semi-precious stones such as diamonds, rubies, and cubic zirconia to craft its unique designs. They cater to high-end, mid-market, and value market segments, ensuring that each piece is crafted according to customer preferences at their manufacturing unit in Ahmedabad, Gujarat.

A key selling point for Kenrik is the certification of all jewelry pieces by the BIS Hallmark, which assures consumers of the purity and authenticity of their products. The company's product offerings span Traditional Jewelry, Contemporary Jewelry, Customized Jewelry, Bridal Jewelry, and Men’s Jewelry, making it a go-to for diverse customer needs.

Strong Financial Growth

Kenrik Industries has shown strong financial growth over recent years, with total income and profits increasing consistently. In the fiscal years ending in March 2022, 2023, and 2024, the company reported significant revenue growth, with a compound annual growth rate (CAGR) of 29.50%. The profit after tax (PAT) grew at an even higher CAGR of 39.77%, reflecting its improving profitability.

IPO Details

The Kenrik Industries IPO will raise ₹8.75 crore through the issuance of 34,98,000 shares. Retail investors can bid for a minimum of 6,000 shares, with the lot size priced at ₹1,50,000. The retail allocation has been set at 50%, reflecting the company’s commitment to engaging smaller investors.

Future Prospects

Kenrik Industries is poised for growth, bolstered by increasing consumer demand for high-quality, customized jewelry. The IPO proceeds will help expand production capabilities and increase brand presence across new markets. With solid financial growth, an expanding product line, and a commitment to quality, the company is positioned to capitalize on the growing demand for luxury and customized jewelry in India and abroad.

As the company prepares to go public, investors have a unique opportunity to be part of the growing Indian jewelry sector. Kenrik Industries’ upcoming IPO promises to be a key milestone in its journey toward becoming a significant player in the handcrafted jewelry market.