D.K. Enterprises Global Limited IPO Message Board (Page 5)

What is cut off time for NII for this IPO?

It depends upon service providers.
In HDFC it is 3 PM for HNI and 4 PM for retail.

@dinesh: i am not talking from bank/zerodha point of view, that is obviously depends from where and how you are applying, some banks even allows by 2pm also. I am informing from ipo perspective. For that, cut off time is always 4pm for HNI.

I am ready to take little risk & thinking of applying for 3 lots under hni category as figures increases after 3 pm

HNI still sleeping, not yet started. What to do...

this is NSE SME ipo so in retail you can apply by 4pm also using zerodha account if you have but chances of allotment will be very less in retail.
Either you can apply now 2 lots in HNI for better chances if you can take some risk.

Dear Avenue your thought is right but in HNI category almost the subscription figures starts increasing after 2.30pm & by 4 pm at closing its unbelievable sometimes & off course to apply multiply In HNI u need the funds accordingly.

I am thinking of applying 1 lot in this. Guys, what are you thinking? Take a punt or stay away?

Retailers are again ready to blast this one.

Lokes n dinesh
Which % listing gain plz suggest me....
This sme ipo me application appliy karna ke nahi ????????

@mintindian: i saw in BEW eng. also you and some ipo gurus posted about bad/worst LM and told to skipped and we all know where is BEW now.
Here in DK also, many people are informing to avoid just because of LM, i know you mentioned other points as well. And by mentioning BEW example, I am just pointing here that LM is not everything in a ipo, i am not blaming anyone.
Other ipo abhishek integration from this LM was having very bad financials and very poor hni response which matters a lot.
For me, this companies financials are good and i think it will perform good, remaining will depend on final subscription figures also tomorrow...as per that only i will decide to apply or not (probably i will apply in hni category around 5 lots). In the end, again mentioning, everyone should decide as per their own opinion/experience/risk.

@lokes,
I agree with you.
For me also, Financial performance of the company matters the most, then subscription figures and then ten other things like LM, market conditions, etc...

I have studied past issues handled by Beeline and they are :

2021
Quadpro - Negative Listing
Walpar - Positive Listing but Negative current price from IPO Price
Abhishek Integrations - Negative Lisiting
MRP Agro - Negative Listing
Ashapuri Gold FPO - Negative Listing

2020

Chandra Bhagat Pharma - Listing at par and more than doubled from Issue price
Laxmi Goldorna - Listing at par and trading at par
Sigma solves - Positive Listing and trading at 6.48 times from issue price.

Overall the IPOs in 2021 by Beeline were overpriced and expensive. Also CBC pharma from 2020 was expensive as per my analysis but still it more than doubled till now.

Therefore the conclusion is Beeline''s performance is below average in 2021 but the valuations they were asking were quite expensive too.

But the past bad performance of overpriced IPOs doesn''t mean that the future reasonably priced IPOs will perform the same. So, lets just see what happens in this IPO. As the valuations look reasonable and the growth seems good anything can happen from hereon.

So, people who can risk 50% of their invested capital should consider applying to DK''s IPO. As of today the NII subscription less than 1 but the NII''s/QIB''s apply on the final day in the last 3 hours only. So, lets see what could be the subscription figures. I think it can go up to 10 times if NII''s find it attractive. Fingers crossed.

No premium...

Applied if NII cross 12x

it may perform welll.....looking good

@dinesh @TSG : ya will take care. Most probably i will apply in this if NII subscription will cross 4-5 times and if bombay metrics will have around 40-50% percent gains in tomorrow listing to give me some cushion against this.

From my experience in mainboard ipos, every ipo is different and we cant predict some ipo performance based on some other older ipo performance....there are many dark horses which suprises on positive and there are many which comes out as negative as against trend and some like average.
In sme ipo''s , i joined recently and gaining experience.

Sorry I thought today is last day of this IPO.
All my comments are based on today''s subscription.
All are hear to learn on each day.
Who knows this IPO may prove me wrong.
I am agree with lokes and love his timely reply to all thread.Thanks.

Skip due to khrab line ( LM bad Record )

Subscription may reach Bombay metrics levels. May give healthy return. My guess 20-25% .

Chalk lomdi, please tell me apply or no

Chalk lomdi, please tell me apply or no

I have never applied to SME IPO and would request you great members to answer a few queries.
1. ICICIDirect site does not show SME IPO, why? I have to login to ICICIBank and go to invest... then it takes me to old ICICIDirect page...
2. Is there any difference in application and allotment process in SME compares to mainline IPO? I know the basic difference in terms of single lot of more shares of amount 1-1.5 lacs even in retail. I want to know is there any difference in process of allotment in various categories as compares to mainline IPO.
3. If I apply through ICICIDirect old site page and get allotment, will they show in my overall holding on new ICICIDirect holdings.
4. Is there any difference in trading / selling of SME shares or the process is same as mainline IPO i.e. we can sell on listing or hold and sell later. I know selling in lots only.
5. How to sell SME shares as they are not traded on NSE/BSE?
6. Why do a few sites refer to some SME stocks as Illiquid stock? I mean even if some SME share list at 20% discount, will there be any problem in getting rid of that SME stock at that listing price.

I know these are many questions and some even may be stupid enough. I have never done SME and first bet would be of 1-1.5 lacs so I want to be clear on the process, Profit/loss can be seen later.

As no rush of IPO at present, I hope you will find time to answer all / any queries raised above. Thanks...

@Rahul. Thanks...
1. Please confirm the cutoff time of SME IPO application in HNI through ICICIBANK--> Invest section ?
2. I opened an account in Zerodha too. Can I apply in HNI from Zerodha? I did not find any RII/HNI category in DK Ent IPO page and there is only one option of Individual Invertor...

@Avenue: from zerodha, it can be applied via upi from ipo page in zerodha.
Only retail application can be applied in zerodha for both SME and mainboard ipos since its via upi...no hni application from zerodha....
so only 1 lot you can apply from zerodha in retail....
And other thing is only NSE SME ipo''s can be applied from zerodha, it doesn''t support BSE SME ipos, for that you need to use ASBA mode only.

Retail subscription nearly 5 times

@Dinesh singh sir,
@Lokes sir,
@MRavinchandran sir,
Me first time sme ipo ko dekh raha hu, denpro k listing k bad me bhi ab sme ipo me apply krna chahta hu
Ye ipo achha laga and aap sab ki comment dekh k bhi laga apply krne layak he ye ipo.
Kya kuchh listing gains k liye apply kr skte he isme??

@Jigar:
A am also agree with lokes.
This IPO is not sure for listing gain.
Wait for some good SME IPO and they start your journey. Thanks.

Thanks a lot
All of u...

Views about DK Enterprise :

NEGATIVES: The LM Beeline is quite average and is known for its underperformance of listed companies. About 2-3 years Beeline came out with an issue Ranjeet Mechatronics and it was the first SME I applied for and it was the best performing IPO from Beeline rest all have either remained stagnant or underperformed. So Beeline being the LM raises concerns for this IPO.

It incorporated in the year 2019 and is quite new so can be risky to bet on in it. Whereas the promoters have quite a good experience of running business. So one needs to be cautious looking at its incorporation date.

The company is engaged in plastic manufacturing and supplying to different businesses and requires Capex to grow and hence has taken loans earlier. There is good amount of debt on the company which we need to keep in our mind.

The company''s website is third class. I check every company''s website before applying and to be honest they have a website powered by weebly which I used to make in my school days. But they are a B2B business and may be that''s why they don''t require a good website.

POSITIVES : One of its promoters is a passout from IIFT which is a renowned institute for MBA and rest all have a good educational and professional background.

The valuations are reasonable and there are chances of lisiting gains. The cost of acquisition of 2 out of 3 promoters is around 19.5 which is half of the issue price and is encouraging for the investors as in most SMEs the cost of acquisition of most promoters are almost 1 rs.

The growth which the company has shown is quite phenomenal and the kind of customers they have are mainly the big MNCs which increases investor''s confidence in the business. They have come with an issue of around 8 crores and the market at the issue price will be around 33 crores so the float in the market will be less. The company is raising new shares for the IPO and none of its promoters are diluting their stake which is another positive for the investors.

One of my favorite positives are that they have no contingent liability which is phenomenal and they have 2-3 litigations against their company and directors whose amount involved is quite less comparatively which is another positive.

I am hoping that this IPO will see good subscription numbers and lets see what happens at the time of listing. Though its quite risky looking at the LM. So, lets wait for the last day before applying.

Thanks Anand.
I don''t deal with any broker. I do the trading myself.
I agree that MM has important role too but a good MM will never come with bad LM.
In short, if you one is ready with 50% discount listing then it is advisable to for this IPO.

Good analysis. I would add negetive cash flow as another negative.
Overall one can take calculated risk if NII subscription crosses atleast four X.

Those who do compare this IPO with Abhishek Integration are requested to go through analysis done by Filip Dada Sir. You will find the difference between the two.

@ IPOANALYSIS / RAJKUMARSIR
Whats your call ?