Ken Enterprises Ltd - IPO

Ken Enterprises Ltd IPO Details

Initial public issue of up to 88,99,200 equity shares of face value of Rs. 10/- each of Ken Enterprises Limited for cash at a issue price of Rs. 94/- per equity share (including a premium of Rs. 84/- per equity share) (Issue Price) aggregating up to Rs. 83.65 crores comprising of fresh issue of up to 61,99,200 equity shares aggregating to Rs. 58.28 crores (Fresh Issue) and an offer for sale of upto 27,00,000 equity shares by Nikunj Hariprasad Bagdyia and Bina Hariprasad Bagdiya (Selling Shareholders) aggregating to Rs. 25.37 crores (Offer for Sale) (The Issue) and upto 4,45,200 equity shares at an issue price of Rs. 94 per share aggregating to Rs. 4.18 crores will be reserved for subscription by market maker (Market Maker Reservation Portion). The issue less the market maker reservation portion i.e. issue of up to 84,54,000 equity shares of face value of Rs. 10/- each at an issue price of Rs. 94 per equity share aggregating to Rs. 79.47 croress (Net Issue). The issue and the net issue will constitute 36.23% and 34.41% of the post-issue paid-up equity share capital of the company. The face value of the equity shares is Rs. 10/- each and the issue price is 9.4 times of the face value

Objective of issue

Unidentified acquisitions in india and abroad purchase of new machinery. Purchase of New Machinery. Capital exp for renovation of both mfg facilities. To meet working capital requirements. General corporate purposes.

Ken Enterprises Ltd Contact Details

Ken Enterprises Ltd, D-153/A 1st Flr, Okhla Industrial Are, Phase-I, New Delhi-110020

Phone - 91-11-26812682

Fax - 91-11-30857562

Email - cs@kenindia.in

Website - www.kenindia.in