Archive · 12 Jun 2025
Kent RO Systems Receives SEBI Approval for IPO
Kent RO, a water purifier company, got the okay from SEBI to sell shares to the public.
This means the company's owners will sell some of their shares.
In the past year, the company made more profit, but the year before wasn't as good.
The company's income has increased.
The money from selling shares won't go to the company.
JM Financial and Motilal Oswal are helping manage the share sale.
Kent RO Systems received SEBI approval for an IPO.
The IPO is a pure offer for sale (OFS), with promoters selling 10.1 million shares.
FY24 profit jumped to ₹166.5 crore after a drop in FY23.
Revenue from operations grew by 8.65% YoY in FY24.
JM Financial and Motilal Oswal Investment Advisors are the book-running lead managers.
- Who
- Kent RO Systems
- What
- Kent RO Systems received SEBI approval for an IPO.
- When
- SEBI approved the IPO on June 6.
- Where
- N/A
- Why
- The promoters are selling shares through an OFS.
Financial Performance
N/A
Profit Fluctuations
Financial Performance
Profit jumped in FY24 after a decrease in FY23.
N/A
N/A
- Company
- Kent RO Systems
- SEBI Approval Date
- June 6
- IPO Type
- Offer for Sale (OFS)
- Shares Offered
- 10.1 million
- FY24 Profit
- ₹166.5 crore
- FY24 Revenue Growth
- 8.65% YoY
- Book-Running Lead Managers
- JM Financial, Motilal Oswal Investment Advisors
Sources
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