Ken Enterprises, a company going public, has set a fixed IPO price of Rs 94 per share, with a minimum investment requirement of 1,200 shares, and subsequent investments in multiples of 1,200 shares.
Ahead of its listing, Ken Enterprises shares are trading at a grey market premium (GMP) of 18% or Rs 17-18 in unlisted markets.
The company plans to use the IPO funds for strategic acquisitions in India and abroad, purchasing new machinery, and investing in capital expenditures, including renovations to its manufacturing facilities. Additionally, the funds will be utilized for meeting working capital requirements and general corporate purposes.
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