Kenrik Industries IPO Allotment Finalized: Check Status, GMP, and Listing Date

Kenrik Industries IPO Allotment Finalized: Here's How to Check Status, GMP, and Listing Details

The allotment for Kenrik Industries' initial public offering (IPO) has been finalized today, May 7, 2025. Investors who applied can now check their allotment status through the official channels. The IPO, which opened on April 29 and closed on May 6, received a subscription of approximately 1.94 times, indicating a moderate investor response. (The Economic Times, The Economic Times)

IPO Details at a Glance

• Issue Size: ₹8.75 crore

• Issue Type: Fixed price issue

• Price per Share: ₹25

• Lot Size: 6,000 shares

• Minimum Investment: ₹150,000

• Subscription Period: April 29 – May 6, 2025

• Total Shares Offered: 34.98 lakh

• Retail Subscription: Approximately 3.8 times

• Overall Subscription: Approximately 1.94 times (Business News Today, Business News Today, Business News Today, The Economic Times)

How to Check Allotment Status

Investors can check their allotment status through the following methods:

1. Skyline Financial Services (Registrar)

• Step 1: Visit Skyline Financial Services IPO page

• Step 2: Select 'Kenrik Industries IPO' from the dropdown

• Step 3: Enter your PAN, application number, or DP/Client ID

• Step 4: Click 'Search' to view your allotment status(The Economic Times, IPO Watch, 5paisa)

2. BSE Website

• Step 1: Go to BSE IPO allotment status page

• Step 2: Select 'Equity' under issue type

• Step 3: Choose 'Kenrik Industries' from the dropdown

• Step 4: Enter your application number or PAN

• Step 5: Click 'Search' to check your status(Business & Finance News, 5paisa, Zerodha)

Grey Market Premium (GMP) Update

As of May 7, 2025, the grey market premium (GMP) for Kenrik Industries IPO is reported to be ₹0. This suggests that the shares are trading at their issue price of ₹25 in the unofficial market, indicating a flat listing expectation. (Business & Finance News, mint)

Refunds and Share Credit

• Refunds: For applicants who did not receive an allotment, refunds will be initiated on May 8, 2025.

• Share Credit: Allotted shares will be credited to investors' demat accounts on May 8, 2025.(mint)

Listing Date

Kenrik Industries is scheduled to debut on the BSE SME platform on May 9, 2025. Given the current GMP, the listing is anticipated to be at par with the issue price. (The Economic Times, Business & Finance News)

Company Overview

Kenrik Industries, based in Ahmedabad, is engaged in the design and distribution of gold jewellery. The proceeds from the IPO are intended to be used primarily for working capital requirements and general corporate purposes. (Business News Today, Business News Today)