KCK Industries Limited IPO Message Board (Page 3)

3. NaveenM | Link | Bookmark | June 20, 2022 2:57:40 PM (200+ Posts)

The company was incorporated in the year 2013. Having nearly 9 years of business experience.

They are engaged in the business of trading and distribution of :
- high-quality combed and carded cotton yarns and multifold and knitted fabrics.
- high-quality chemicals and dyes for the textiles industry, leather, and paper industries
- They also deal in Construction Chemicals

They have got a 10 Ton capacity rice processing plant and currently they utilise 7 Ton capacity.

Out of the last few SME IPOs, this looked slightly better. There might be a chance for listing gain. Have to keep a tab on subscription numbers.

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3.1. NaveenM | Link | Bookmark | June 30, 2022 2:49:04 PM (200+ Posts)

I am applying as I feel that the IPO is decent and the subscription numbers are also interesting. Retailers are showing good interest. Yes, risk is there. Let's see what happens on the listing day.

3.2. Trueinfo | Link | Bookmark | June 30, 2022 3:05:14 PM

IPO Guru (1800+ Posts, 1700+ Likes)

Applying how much?

3.3. NaveenM | Link | Bookmark | June 30, 2022 3:41:11 PM (200+ Posts)

@Trueinfo, Applied 4 lots=16000 shares. Expecting full allotment. I know that the operators can play either way. But then took some risk. Let's see what happens on the listing day.

3.4. Avenue | Link | Bookmark | June 30, 2022 4:10:30 PM

@NaveenM... No full allotment, unless majority of applications gets cancelled/rejected. Since Retail is oversubscribed more as compared to HNI, HNi portion will be moved to retail part.
If these are final and accepted figures, you may get only one lot. Of course figures will reduce as many will not accept mandates.

I have placed two HNI applications of 4 lots with UPI, as I wanted to check UPI limit thing and may accept one mandate ...

3.5. NaveenM | Link | Bookmark | June 30, 2022 5:22:52 PM (200+ Posts)

@Avenue, yes. Now the HNI subscription numbers have jumped to 3x. Originally I was planning for 6 lots. But then, I could not trust the retail subscription numbers as usually retail subscribers are tend to cancel their applications later. So, didn't want to take the risk. Anyway in these small IPOs risk is there on both the sides(gain & loss). So, no regrets.

3.6. NaveenM | Link | Bookmark | June 30, 2022 6:23:02 PM (200+ Posts)

@Avenue, Do they really transfer the HNI portion to retail when the HNI portion is subscribed 3 times? As per my understanding, they will transfer from one category to another only when there is under subscription. If it is otherwise please enlighten me.

3.7. Avenue | Link | Bookmark | June 30, 2022 7:09:06 PM

Allotment is always favouring retailers. If retail subscription is More than HNI subscription, shares will be adjusted and moved from hni to retail.
E.g. here assume these are final figures and no rejection
Hni 3x, retail 8x, average 5.5×
Shares will be moved from hni portion to retail ti make hni subs 5.5x effectively.
So 40-45% hni shares may be moved to retail.
My understanding only and movement will depend in final sub figures.

3.8. GJ 😀 | Link | Bookmark | July 1, 2022 1:36:28 PM

IPO Mentor (1600+ Posts, 400+ Likes)

This movement thing happens in Fixed Priced IPOs.
KCK falls under this category so movement should happen.

3.9. NaveenM | Link | Bookmark | July 6, 2022 2:54:13 PM (200+ Posts)

@Avenue & @Gj, yes, you are correct about the movement from HNI to retail. The movement happened and I got only one lot against the application for four lots.

2. ShiningShiva | Link | Bookmark | June 20, 2022 10:39:44 AM

All these IPOs showing ballooning growth and profit in last year. They will easily get debt (loan) from market if they are so good, while interest is still low. Why give away/ dilute equity?

2.1. NAND KISHORE PARWAL | Link | Bookmark | June 20, 2022 12:43:35 PM

Top Contributor (500+ Posts, 200+ Likes)

Why should they try to get loans. They have to pay interest and loan amount timely. Share capital is free capital and premium is also collected on this which makes their balance sheet healthy.

1. ~~Hamsa~~ | Link | Bookmark | June 20, 2022 12:22:53 PM

Bcz they wana run away. Stay away from TRDING companise.