Ken Enterprises IPO, Feb. 5 -- The initial public offering (IPO) of Ken Enterprises opened for subscription on Wednesday, February 5 and will close on Friday, February 7. The company, which aims to raise Rs.83.65 crore through the SME IPO, has set a price of Rs.94 per share.

Ken Enterprises IPO was booked 0.97 times by 1:25 pm on first day. The issue received bids for 81.99 lakh shares as against 84.54 lakh on offer. The retail portion of the public issue was fully subscribed, 1.64 times while the Non-Institutional Investors' (NII) category received 0.3 times bids.

The company's shares in the grey market traded at a premium of Rs.36. This indicates an estimated listing price of Rs.130, up 38.3 percent from the IPO price of Rs.94. It was...