KCK Industries Limited is engaged in the business of trading and distribution of high-quality combed and carded cotton yarns. The trading business segment of the company also includes trading and distribution of high quality chemicals and dyes for textiles industry, leather, paper industries and construction chemicals.
| Bidding Dates |
|---|
| 27 Jun 2022 - 30 Jun 2022 |
| Subscription |
|---|
| 5.9x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,20,000 | 1 | 1 | 4000 | 1.5 M | ₹30 | 72.73 % | ₹45.0 M | RHP DOC |
KCK Industries IPO SUBSCRIPTION STATUS
30 Jun '22KCK Industries IPO overall subscription rate was 5.9 times the total available shares
KCK Industries IPO retail subscription rate was 8.77 times in the retail segment
KCK Industries IPO non-institutional investor subscription rate was 3.02 times in the non-institutional investor category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 50% | 50% | - |
30 Jun 2022 (Day 4) | 8.77x | 3.02x | - |
29 Jun 2022 (Day 3) | 3.76x | 0.32x | - |
28 Jun 2022 (Day 2) | 2.22x | 0.29x | - |
27 Jun 2022 (Day 1) | 0.74x | 0.11x | - |
KCK Industries FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from operations (Rs in millions) | Cash Flow from operations (Rs in millions) | Free Cash flow (Rs in millions) |
| 9MFY22 | 9.99 | 440.90 | 187.69 | 169.68 |
| FY21 | 1.92 | 391.15 | 762.09 | 674.14 |
| FY20 | 3.19 | 514.92 | -68.45 | -69.93 |
| FY19 | 2.09 | 409.44 | -149.08 | -149.59 |
KCK Industries IPO SUBSCRIPTION STATUS DETAILS
KCK Industries had 1.5 M shares on offer
KCK Industries IPO offer price was ₹30
KCK Industries IPO minimum Investment was ₹120000
KCK Industries IPO issue size was ₹ 45.0 M
KCK Industries had a minimum lot size of 4000 Shares per application
KCK Industries NUMBER OF SHARES ON OFFER
KCK Industries IPO IMPORTANT DATES
| Issue Open Date | 27 Jun 2022 |
| Issue close Date | 30 Jun 2022 |
| Allotment Date | 05 Jul 2022 |
| Refund Date | 06 Jul 2022 |
| Demat Account Credit Date | 07 Jul 2022 |
| Listing Date | 08 Jul 2022 |
| Listing on Exchange(s) | NSE |
| KCK Industries Allotment Status | Exchange |
KCK Industries IPO subscription opened on 27 Jun 2022, and closed on 30 Jun 2022
IPO allotment for KCK Industries was finalized on Tuesday, 05 Jul 2022
IPO listing for KCK Industries was on NSE on Friday, 08 Jul 2022
KCK Industries IPO LISTING GAINS
| Issue Price (adjusted) | 6.0 |
| Listing Open Price | 25.0 |
| Listing Close Price | 26.3 |
| Listing Gain% | -16.7% |
| Current Gain% | 174.2% |
KCK Industries Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| KCK Industries Ltd. | 16.4 | 9 | 247 | -2.6 | 0.3 | 1.5 | 1.1 | 30.2 | -16.1 | 0.4 | -41.9 | 0.1 | -95 |
| LT Foods Ltd. | 427.6 | 14846.8 | 23.2 | 7.3 | 1.3 | 13.8 | 6.9 | 11023.1 | 25.7 | 625.4 | 3.3 | 18.4 | 3.2 |
| Godrej Agrovet Ltd. | 542.8 | 10442.3 | 23.4 | -12.8 | 1 | 23.3 | 7.7 | 10338.5 | 9.7 | 472.8 | 10 | 23.2 | -1.8 |
| KRBL Ltd. | 378.6 | 8666.9 | 13.4 | 0.4 | 1.4 | 11.2 | 9.8 | 6168.2 | 9.1 | 648 | 36.1 | 28.3 | 36.1 |
| Gujarat Ambuja Exports Ltd. | 169.2 | 7761.6 | 18.7 | 0.2 | 1.3 | 9.2 | 7.3 | 5835.8 | 24.3 | 304.3 | 22 | 9.1 | 75.1 |
| Kaveri Seed Company Ltd. | 764.4 | 3932.3 | 13.3 | 2.6 | 2.8 | 16.8 | 10.7 | 1424.1 | 13.8 | 295.8 | 5.2 | 57.5 | 5.2 |
KCK Industries INFORMATION ON IPO ISSUE
About KCK Industries
KCK Industries Limited is engaged in the business of trading and distribution of high-quality combed and carded cotton yarns. The trading business segment of the company also includes trading and distribution of high quality chemicals and dyes for textiles industry, leather, paper industries and construction chemicals.
Object of the Issue
- To part finance the requirement of Working Capital.
- To meet general corporate purposes.
- To meet the expenses of the Issue.
KCK Industries - PROMOTERS
| Name |
|---|
| Jagdish Prasad Arya |
| Reena Sharma |
KCK Industries Lead Manager To The Issue
Navigant Corporate Advisors Limited
navigant@navigantcorp.com
KCK Industries Registrar to the Issue
Cameo Corporate Services Ltd
priya@cameoindia.com
KCK Industries Strengths
Focus on Quality and Innovation
The focus on quality and innovation helps the company to compete against its peers in the segment.
Experienced Promoters and a well trained employee base
The promoters are experienced in their line of business. The management and employee team combines expertise and experience to outline plans for the future development of the company.
Quality Assurance
The company ensures to conduct stringent quality tests at every stage of processing and the desired compositions are maintained rightly through the process.
Diversified Product Portfolio
The company has varied product base to cater to the requirements of its customers. The product portfolio includes diversified variety of yarns, chemicals and dyes.
KCK Industries Risks
Dependent on third party for delivery of goods
The Company is dependent on third party transport providers for the delivery of goods.
Negative cash flows
The company has experienced negative cash flows in the past and any negative cash flows in the future could adversely affect the financial conditions.
Labor intensive industry
Business operations may be adversely affected by strikes, work stoppages or increased wage demands by the company's employees.
IPO FAQs
KCK Industries Ltd. IPO listing opened at Rs 25.00 while the issue price was Rs 30.00 giving -16.67% returns. After adjusting for subsequent bonus and splits, the stock trades at Rs 6.00 giving 174.17% gains since its IPO listing.
The promoters of the company are Jagdish Prasad Arya and Reena Sharma.
The category allocation of qualified institutional buyers is 0.0%, the category allocation of non individual investors or high networth individuals is 50.0% and for retail investors it is 50.0%.
The price band of the IPO is Rs 30.0 - 30.0.
The IPO application opens on Jun 27, 2022 and closes on Jun 30, 2022.
The minimum lot size for the IPO is 4000. The maximum lot size for the IPO is 4000.
For all category investors, the minimum application amount for this IPO is Rs. 120,000.0, the maximum value for this IPO is Rs 120,000.0.
This IPO will be allotted on Jul 05, 2022.
The refund will be credited to your account on Jul 06, 2022.
The allotted shares will be credited to your demat on Jul 07, 2022.
KCK Industries Ltd.’s shares listed on the stock exchanges on Jul 08, 2022.