SOURCE : NEW18 NEWS
Last Updated:May 05, 2025, 17:25 IST
The Kenrik Industries IPO was opened for public subscription on April 29 and will be closed tomorrow, May 6.
Kenrik Industries IPO.
Kenrik Industries IPO: The initial public offering of Kenrik Industries Ltd, which was opened on April 29, witnessed the fourth day of bidding on Monday. It will be closed on Tuesday, May 6. Till 5:00 pm on the fourth day of bidding on May 5, the Rs 8.75-crore BSE SME IPO received a 1.30 times subscription garnering bids for 43,08,000 shares as against 33,18,000 shares on offer.
The retail and NII participation stood at 2.43 times and 0.16 times, respectively.
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The Kenrik Industries IPO was opened for public subscription on April 29 and will be closed tomorrow, May 6. The price of the BSE SME IPO has been fixed at Rs 25 apiece.
Kenrik Industries IPO GMP Today
According to market observers, unlisted shares of Kenrik Industries Ltd are currently trading at Rs 25 apiece in the grey market, which means zero premium over the upper IPO price of Rs 25. It indicates flat or negative listing on May 9, the tentative listing date.
The Kenrik Industries IPO allotment will be finalised on May 7.
The GMP is based on market sentiments and keeps changing. ‘Grey market premium’ indicates investors’ readiness to pay more than the issue price.
Kenrik Industries IPO: More Details
The Kenrik Industries IPO is entirely a fresh issue of 34.98 lakh shares. The shares will likely be listed on the BSE SME platform on May 9, 2025.
The IPO price is Rs 25 per share. For investors, the lot size is 6,000. So, investors require a minimum amount of Rs 1,50,000 to apply for the IPO. The minimum lot size investment for HNI is 2 lots (12,000 shares) amounting to Rs 3,00,000.
Turnaround Corporate Advisors Private Ltd is the book-running lead manager of the Kenrik Industries IPO, while Skyline Financial Services Pvt Ltd is the registrar for the issue.The market maker for Kenrik Industries IPO is Mnm Stock Broking Pvt Ltd.
- First Published:
May 05, 2025, 10:35 IST
