Kenrik Industries Ltd. has announced public offering of 3498000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 15.00 per share. The gross proceeds of the issue are expected to be Rs 874.50 lakhs.
The company's initial public offer (IPO) will open on 29 April 2025 and is expected to close on 02 May 2025, subject to customary closing conditions.
The IPO includes a fresh Issue of 3498000 Equity Shares of the Company at an price of Rs 25.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 6000 shares with bids in multiples of 6000.
Kenrik Industries Ltd. anticipates using the proceeds of the issue for .
Turnaround Corporate Advisors Pvt. Ltd. as lead manager & Skyline Financial Services Pvt. Ltd. is the registrar, to the issue.