Kenrik Industries IPO Allotment Status: Check Latest GMP, Steps to Verify Status
The bidding for Kenrik Industries Ltd IPO started on 29 April, 2025, and concluded on May 6, 2025. The basis of allotment will be finalised today, May 7, 2025. Know the procedure to check the allotment status on the BSE’s website.
Steps to Check Kenrik Industries IPO Allotment Status on BSE
Here is the process to check the Kenrik Industries Ltd IPO Allotment Status on BSE
- Open the Application Status page of BSE here.
- Choose 'equity' as the issue type.
- Select 'Kenrik Industries’ from the list of companies.
- Enter your IPO application number and PAN details.
- Verify the captcha by clicking on the 'I am not a Robot' box.
- Click on the submit button to check the details of the share allotment.
IPO Details
Kenrik Industries launched its IPO on April 29, 2025, with a total issue size of ₹8.75 crores. The IPO price range is fixed at ₹25 per share. Investors can apply with a minimum lot size of 6000, requiring a minimum investment of ₹1,50,000. The shares are expected to be listed on BSE with a tentative listing date of May 9, 2025. The basis of allotment will be finalised on May 7, 2025, followed by the initiation of refunds on May 8, 2025.
Turnaround Corporate Advisors Private Limited is the book-running lead manager, and Mnm Stock Broking Private Limited is the market maker for the issue. Skyline Financial Services Private Ltd is the registrar.
Utilisation of Proceeds
The company will utilise the net proceeds from the issue towards the following objects:
- To Meet Working Capital Requirements.
- General Corporate Purposes.
Overall Subscription Status
(May 6, 2025, 5 PM)
Kenrik Industries IPO was subscribed 1.91 times on the third day, according to BSE data. Of these,
- Retail investors subscribed 3.73 times,
- Non-institutional investors (NII) subscribed 0.30 times,
- Qualified Institutional Buyers (QIBs) subscribed 0 times.
GMP (Grey Market Premium) Details
According to Economic Times, as of May 7, 2025, 8:56 AM, the Grey Market Premium (GMP) for Kenrik Industries stood at ₹0. If the current GMP trends continue, the estimated listing price of Kenrik Industries is expected to be ₹25, with an expected percentage gain/loss per share of 0.00%.
Note: The Grey Market Premium (GMP) is not an official price and is based on market speculation.
Source: Economic Times Media Report dated May 7, 2025
Disclaimer: The GMP (Grey Market Premium) price is an unauthenticated market-related news and has no discernible basis. The same quoted above is as per news appeared in the media report and is for information purposes only. The investor shall do their own study/research before using the same for taking any decision to invest. We neither engage in, trade, or deal in the grey market nor we recommend or endorse trading in the grey market.