Ken Enterprises Limited, a leading textile company, is going to launch its IPO on February 5.Ken Enterprises IPO is one of the most awaited events in the financial markets this year. In this article, we will go into detail about Ken Enterprises IPO, its business model, growth prospects and what it means for investors.
Ken Enterprises has been active in textile manufacturing for the past 20 years. The company is growing year by year, and specializes in the manufacturing of readymade garments. The company’s clients include branded brands such as Zara, Target, and Primark. The company has a strong position in the market. Over the past few years, Ken Enterprises has shown consistent growth, making it a promising candidate for public investment.
Ken Enterprises IPO: Key Details
| IPO open | IPO close |
|---|---|
| February 5,2025 | February 7,2025 |
| IPO allotment | Refunds |
|---|---|
| February 10,2025 | February 11, 2025 |
| Price Band | Lot Size |
|---|---|
| 94 per share | 1,200 share |
| credit of share | listing date |
|---|---|
| February 11, 2025 | February 12, 2025 |
Kane Enterprises IPO Allotment Status
The date of allotment is 10 February 2025. To check whether you got the IPO or not, follow the link given below
- Click here: skyline Financial Services Limited
- select Company Name.
- Enter your PAN number, Application number or DP Client ID (anyone)
- click on search
Is Ken Enterprises a Halal Stock?
- Ken Enterprises is a certified and award-winning textile company
- Ken Enterprises’ business is textile manufacturing. And specializes in manufacturing ready-made garments.
- In FY 2023, Ken Enterprises’ total revenue grew by 2.15%,
The debt to equity ratio is 0.09
If the company’s business is related to halal industries, and the debt is also less than 0.33%, then its IPO can also be considered halal.
But, to confirm this, it is important to analyze the company’s financials and operations in detail.
Why is this Ken Enterprises going public?
Ken Enterprises’ IPO is a fixed price issue consisting of 89,00,000 equity shares. Out of this, 62,00,000 shares will be fresh issue, while 27,00,000 shares will come under offer for sale
The company will benefit from the funds raised through the IPO in the following ways:
- Expanding Operations: Ken Enterprises will use the IPO proceeds to scale its operations, enter new markets, and enhance its product offerings.
Strengthen R&D: A portion of the funds will be allocated to research and development, ensuring the company stays ahead of the competition.
- Increased Brand Visibility: Being a publicly listed company will increase the brand credibility of Kane Enterprises and attract more customers and partners.
Conclusion
The Ken Enterprises IPO is a significant milestone for the Company and a potentially rewarding opportunity for investors. With its strong market position, innovative solutions, and ambitious growth plans, Ken Enterprises is well-positioned to deliver long-term value. But, as with any investment, it’s important to conduct thorough research and consult with financial experts before making any decision.
