Krishana Phoschem Limited IPO Message Board (Page 4)

please give a krishna allotment and listing date

TILL 3.50 pm
HNI 12.5 TIMES
RETAIL 49 TIMES

CONSOLIDATED FIGURE IS AS FOLLOWS

Krishana Phoschem Limited - Graphical display of bids received *

(* indicates bids position and not necessarily the subscription to the issue– bids received on the Exchange platform only)

As on 16-Feb-2017 15:40:19 IST

Cumulative Demand (no. of shares in lakhs)      

Bid Price (Rs.)
Note: Cumulative (NSE) bid quantity at each price point includes the quantity (NSE) bidded at that relevant price point and all valid bids above that price point.

Total Issue Size      6576000 Total Bids Received      185640000
Total Bids Received at Cut-off Price-No. of times issue is subscribed      28.23

HNI HOW MUCH TIMES
RETAIL HOW MUCH TIMES SUBSCRIBED

what is going on subscribed more than 28 times. The simple thoughts makes me uneasy over the risky investment.

RETAIL 50 TIMES.

23.27 subscription so far....

please give krishna allotment date and listing date

Experts pl guide Where we can chk NSE SME IPO subsctiption figures ..

Type nsesme IPO in Google, you will find the link.

Experts pl guide Where we can chk NSE SME IPO subsctiption figures ..

Not an expert but u can check subscription figures here

https://www.nseindia.com/marketinfo/ipochart/ipochartSME.jsp?issue=KRISHANAEQ&ir=I&cn=C&sd=D&cnlink=N

https://www.nseindia.com/marketinfo/ipochart/ipochartSME.jsp?issue=KRISHANAEQ&ir=I&cn=C&sd=D&cnlink=N

So for SME IPOs , 30 tiimes oversubscripton is the new norm...or is it because of huge funds in banking system due to demonetisation....either way huge demand means good price appreciation & attract more SME IPOs to come in future....24th Feb Friday is the 6th day from close of issue...should list on that day on premium, on allotment hopefully & unblocking should happen by then.

Retail portion already subscribed nearly 30 time.No logic to apply

Hardly any chance for allotment .... Ratio is already 1 allotment out of 20

Company has 3 units
Unit - I located at 115-120 & 126-133, A.K.V.N. Industrial Area, Meghnagar, Jhabua, Madhya Pradesh
Unit - II located at 142 & 143, AKVN Industrial Area, Meghnagar, Jhabua, Madhya Pradesh
Unit - III located at 126 A & 134, AKVN Industrial Area, Meghnagar, Jhabua, Madhya Pradesh.
Company is 1st BRP manufacturing company of India and one and only Group Which has Integrated plant which will be manufacturing Raw material i.e, Sulphuric acid which is used in manufacturing of SSP and GSSP fertilizer from March 2017.

AS PER DATA IPO SUBSCRIBE 10.78 TIMES THERE IS MUTE CHANCE OF ALLOTMENT SUCCESSFUL ALLOTEE WILL GET HUGE PROFIT ON LISTING

In SME IPO one does not go by GMP but by fundamentals
Postives
1) Book Value as on 30/11/2016 Rs 35.01
2) Price to Net worth of 1.3 times
3) Strong Operational Cashflow
4) Clean records of Company & mngt in litigation

Negatives
4) PE of 17.36
5) Reducing RONW
6) Dependence on single customer- DCM Sriram

Inventory is not the concern as the Company seems to be poor with inventory management. The level of inventories have changed by a large scale (positive or negative) every year

The issue seems a bit pricy for SME Segment. One may apply only for market speculation listing gains especially when chances of allotment are so thin

It is fancied because of the returns offered by Madahv Copper recently listed

A person selling his application at say 10000/- is effectively selling his shares at Rs.2.50 premium subject to allotment as the the lot size is 4000 shares (10000/4000=2.50)
As of this moment i.e. at 11 am 65000 forms have been downloaded. For retail for one time subscription only 780 applications are required. So my estimate is that the issue should be oversubscribed by 25 times.
So a person putting in 25 application i.e. investing 30 lacs in retail can expect one allotment and on that he will get Rs 10000/-
Think hard before committing such a blunder.

This company is doubtful.
This issue''s subscription is high Because of rumours... that 9k to 15k premium of an application.
Otherwise no fundamental of company and nothing in management. Office address of company is in basement of row house.

have u ever visit compnay registered office or
factory premises?
than how can u say that ?

In the first 8 months, the company has shown revenue of Rs. 45.20 crores that is Rs.5.65 crore per months , whereas total of inventory and receivables is Rs. 28.60 crores. So the company is carrying stock and receivable of about 5 months. that is on too higher side.

I have seen such high inventory ratios in some companies. At times it has happened that profits get inflated by showing higher inventory/Receivalble. I donot know that this company has any such thing or not. but one has tobe cautious about such practice in other companies.

So if you wish to take risk in SME IPO, be aware about this specif aspect also .

I found nice analyis so sharing on this board:

Financial figures of this SME IPO which is as under :

As on 30.11.2016:
Non current Loans Rs. 19.53 crores
net worth 87.19 crores
Assets 95 crores

So balance sheet appears to be okay. However

Profit Before Tax 583.30 506.19 517.26 755.32 757.18 511.35

Inventories 2,220.88 1,527.86 3,109.40 3,248.98 1,851.60 486.89
Trade Receivables 640.18 1,499.72 480.82 196.66 573.38 796.40

Total Revenue A 4,519.64 9,062.67 7,725.82 9,083.70 4,187.20 2,693.28

When can we expect listing (date)?