IPO Details
Issue Date
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IPO Size
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Schedule of Kent R O Systems Ltd IPO
Start date
End date
Allotment of bids
Refund Initiation
Listing on exchange
About Kent R O Systems Ltd IPO
The Kent R O Systems Ltd IPO is a 100% book-built offer comprising only an offer for sale. It has no fresh issue. The Kent R O Systems Ltd IPO will open on TBA and will close on TBA. The shares will be allotted on TBA, they will be credited to the demat account on TBA and the refunds will be initiated on TBA.
Objectives of Kent R O Systems Ltd IPO
The company will not receive any proceeds from the offer. All proceeds from the offer will go to the promoter selling shareholders, in proportion to the equity shares offered by them in the offer for sale.
Kent R O Systems Ltd Valuation
| Detail | Information |
|---|---|
Upper Price Band | TBA |
Fresh Issue Size | NA |
Offer for Sale | Up to 10,094,568 equity shares |
EPS in (₹) for FY 24 | 15.67 |
Kent R O Systems Ltd IPO Offer and Subscription Details
| Investor Category | Shares Offered |
|---|---|
QIBs | Not more than 50% of the offer |
Non-institutional investors | Not less than 15% of the offer |
Retail individual investors | Not less than 35% of the offer |
Industry Outlook
The Indian water purifier market has exhibited continuous growth over the years. It has grown at a CAGR of approximately 4.9% from ₹6960 crore in Fiscal 2019 to ₹8860 crore in Fiscal 2024 and is further expected to grow at a CAGR of approximately 10.1% till Fiscal 2029 to reach a market value of ₹14350 crore.
Company Information
Kent is a well-established brand and is recognised as the pioneer in introducing reverse osmosis (RO) technology in the water purifier product category in India. The company’s water purifiers have received the NSF/ANSI 58 (an American national standard for point-of-use revenue osmosis systems) certification, making it the first and only water purifier manufacturer in India to obtain this certification.
Kent R O Systems Ltd Strengths
Category pioneer in R O water purifiers in India, with a large user base
The company’s brand Kent, is well established and is recognised as the pioneer for introducing RO technology in the water purifier product category in India.
Strong commitment to innovation
The company has a strong commitment to innovation and has introduced several different products to address real-world challenges, focussing on practical and consumer-focused solutions. It focuses on identifying market gaps, addressing consumer needs and introducing innovative solutions to distinguish itself from its competitors.
Capability to build new brands
The company has a proven track record of building strong brands, as evidenced by the success of its ‘Kent’ brand, which has become synonymous with RO water purifiers. Building on this expertise, the company has strategically diversified its business by entering kitchen and home appliances and water softeners under our brand ‘Kent’ and the BLDC fan market with the ‘Kuhl’ brand in FY 2023.
Risks of Kent R O Systems Ltd IPO
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The availability of counterfeit products, such as products passed off as our products by others, could have an adverse effect on our business, results of operations, financial condition and cash flows
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The company operates in a competitive market and any increase in competition may adversely affect its business, results of operations, financial condition and cash flows.
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Interruptions in the supply of raw materials or fluctuations in raw material prices could adversely affect its ability to manufacture its products and consequently its business, results of operations, financial condition and cash flows.
All Financial Information about Kent R O Systems
Particulars (in Rs. crores)
Particulars (in Rs. crores)
Comparison with peers
| Parameter for FY24 | Kent R O Systems Ltd | Havells India Ltd | Eureka Forbes Ltd | Whirlpool India Ltd | V-Guard Industries Ltd | Bajaj Electricals Ltd |
|---|---|---|---|---|---|---|
P/E | NA | 80.38 | 119.70 | 99.48 | 70.30 | 67.51 |
EPS in ₹ | 15.67 | 20.28 | 4.94 | 17.11 | 5.89 | 11.39 |
Return on Net Worth in % | 9.93 | 17.08 | 2.27 | 6.14 | 14.36 | 9.02 |
IPO Registrar and Book Running Lead Managers
KFin Technologies Ltd is the registrar of this IPO. The book running lead managers of the IPO are:
- Motilal Oswal Investment Advisors Ltd
- JM Financial Ltd
Business Model
The company's product offerings primarily include water purifiers, kitchen and home appliances, fans and water softeners.
Company Growth Trajectory
The company’s revenue from operations stood at ₹1178.185 crore in FY 24, up from ₹1047.367 crore in FY 22. Its revenue growth on a year-on-year (YoY) basis jumped from 3.54% in FY 23 to 8.65% in FY 24.
Market Position
Kent is well-established and is recognised as the pioneer in introducing reverse osmosis (RO) technology in the water purifier product category in India. The company has leveraged the recognition built in the water purification industry and diversified its product offerings to cater to various household needs, driving its growth.
Kent R O Systems Ltd Profit and Loss
| Parameter | FY 24 | FY 23 | FY 22 |
|---|---|---|---|
Total Income (in ₹ crore) | 1260.661 | 1109.144 | 1085.672 |
Profit Before Tax (in ₹ crore) | 220.546 | 131.665 | 206.684 |
Profit after Tax | 166.983 | 97.615 | 154.680 |
EBITDA (in ₹ crore) | 182.002 | 149.383 | 200.809 |
EPS (in ₹ crore) | 15.67 | 9.08 | 14.23 |
Kent R O Systems Ltd Cash Flow Statement
| Parameter | FY24 | FY23 | FY22 |
|---|---|---|---|
Profit Before Tax (in ₹ crore) | 220.546 | 131.665 | 206.684 |
Net Cash Flows From Operating Activities (in ₹ crore) | 155.525 | 63.741 | 115.791 |
Net Cash Flows From/(Used in) Investing Activities (in ₹ crore) | (131.624) | (30.148) | (123.427) |
Net Cash (used in)/ Flows From Financing Activities (in ₹ crore) | (15.602) | (35.466) | 7.886 |
Cash and Cash Equivalents at the End of the Period/year (in ₹ crore) | 19.173 | 10.835 | 12.785 |
How to Check Allotment Status of Kent R O Systems Ltd IPO?
You can check the allotment status on the website of the BSE or through the registrar’s portal. To check status on BSE website:
- Visit the BSE website
- Click on “Investor Services” and choose “Application Status Check”
- Choose the issue type — Equity or Debt
- Select the Issue Name from the drop-down.
- Enter your application number or PAN number
- Check the box that says “I’m not a Robot” and click on “Search” to know the allotment status
To know status on the registrar’s portal:
- Visit the website of KFin Technologies Ltd
- Choose IPO allotment status from “Products’ dropdown
- Click on any of the links
- Select the IPO
- Input either your application number, PAN number or Demat number
- Enter captcha and click on Submit
How to Apply for Kent R O Systems Ltd IPO?
To apply for this IPO:
- Step 1: Log in to your Kotak Securities Demat account: Log in to your Demat account to access IPO investments. Next, select the current IPO section.
- Step 2: Specify IPO details: Enter the number of lots and the price you wish to apply for.
- Step 3: Enter UPI ID After entering your UPI ID, click submit. This will place your bid with the exchange.
- Step 4: Mandate Notification: Your UPI app will receive a mandate notification to block funds.
- Step 5: Approve Request Your funds will be blocked once you approve the mandate request on your UPI.
This article is for informational purposes only and does not constitute financial advice. It is not produced by the desk of the Kotak Securities Research Team, nor is it a report published by the Kotak Securities Research Team. The information presented is compiled from several secondary sources available on the internet and may change over time. Investors should conduct their research and consult with financial professionals before making any investment decisions. Read the full disclaimer here.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing. Please read the SEBI-prescribed Combined Risk Disclosure Document before investing. Brokerage will not exceed SEBI’s prescribed limit.
Kent R O Systems Ltd IPO FAQs
What is the Kent R O Systems Ltd IPO?
The IPO of Kent R O Systems Ltd is a 100% book-built issue comprising an offer for sale of up to 10,094,568 equity shares. There is no fresh issue.
When will the IPO of Kent R O Systems Ltd go live?
The exact dates of the IPO are yet to be known. However, the IPO is expected to go live soon.
From where can I read more about Kent R O Systems Ltd and its IPO?
You can read more about the IPO of Kent R O Systems Ltd from the company’s draft red herring prospectus here <Kent R O Systems Ltd DRHP>
Upcoming IPOs
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28 Apr - 30 Apr'25 | |||||||||
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