Krishca Strapping Solutions Limited IPO Message Board (Page 17)

GMP 🔼🔼 35

GMP 🔼 36 - 37

GMP 32 - 34

2020 & 2021 loss
2022 1.5 CR profit
2023 7.85 CR profit
How can this possible

Jo bahut upar khulte hain Arvind bhai, wo jyada sustain nahii kar paate.. I would have sold Innokiaz in preopen. Abhi aap wahi kar sakte as reversal kab hoga nobody knows.
Enjoy Exhicon profits. I'm also holding! :)

Ok
Sahab...

Lalit Dua, presumably of Rajasthan Global Securities, has 13.30% stake in this company (pre-ipo)
Company has 50 employees on its payroll
Capacity utilization has reached 50% till Feb-23, for industry leaders, max capacity utilization is reported at 75%
Around Rs 11 cr YoY increase in inventory and receivables, higher than Rs 9 cr PBT. Appears profit and revenue growth have come from inventory build up and credit sales to customers
Capacity utilization has gone up 3.9x from 21-22 to 22-23 whereas manufacturing revenue has increased only 3.4x implying lower sales realization per tonne.
PBT margins have increased to 14.5% in 22-23 compared to 9% in previous year, despite lower sales realization per tonne
Similarly cost of material consumed has gone up from 64% to 85.5% and yet PBT margins have gone up.
Freight charges were nil in 21-22 and are Rs 102 lacs in 22-23. How did the company manage business in 21-22 without paying any freight and what has changed in business model?
On a net block of Rs 4 cr, company will have turnover of Rs 72 cr (annualized) for 22-23, which gives an unbelievable asset turn of 18. Disclosed peers, Usha Martin and Metal Coatings have asset turnover of less than 3.
IPO proceeds will be used majorly for repaying debts and new strapping line so it can be presumed that current working capital levels will continue in future.

the observation about asset turnover is incorrect at it does not include non PPE assets of the company

Is the maximum allowed HNI application size "total - Market maker" or "RII+HNI- market maker"?

@lokes, page 184 of RHP says maximum bid size is "Such number of Equity Shares in multiples of 2000 Equity Shares not Exceeding the size of the offer (excluding the QIB portion), subject to limits as applicable to the Bidder". At other places on the same page they have used the word "Net offer" but not for HNI max bid. Do you think it is an omission?

yes here they used "offer" not "net offer" , but previously it used to be net offer mainly like in innokiaz and other it can be seen....
so may be here they can apply including MM portion also....lets see...

Full on fake gmp going on here reminds me of usk
High valuations
Fake balance sheet
Fake gmp created

Auro ka refund isme lag sakta hai kya ?

Yes

PLAN A

yes sir

PLAN B

but if u using sbi then

every chance of unblocking money late..

so u might miss SBI ASBA time

but u can apply through upi...

in other bank also u have options of UPI...

so don't worry about unblocking..

PLAN C
if ur broker don't have upi sme features then still

u can apply ipo via GUEST USER through many brokers(like nuvama ,anand rathi etc)

Krishca Strapping Solutions Sub2 ~ 45000/- @ 07:45pm # 11 May 2023.

KrishcaLast heared sub2 40k

GMP 45000 ST RAJKOT

Sell n apply

Sub to 16000 in ahmedabad

@KAPPO 

Sir, send me a contact details in Ahmedabad...??

@KAPPO  me also

@Admin @ Chittorgarh.com Please rearrange upcoming ipo list by dates. It would be easy to find upcoming ipos.

Subject to 12000

Are you from Pune?

Do you buy applications in grey?

Please check nine 55two 088four89

Waiting for ur response

RHP Link Here :

http://www.krishcastrapping.com/assets/img/rhp/krishca-rhp.pdf

Mixed performance by LM. Let's see the performance of De Neer.

33 buyer for De Neer 😱

opens : 16th May 2023
Closes : 19th May 2023

Purva Sharegistry Registrar?

no more wait.............krishca

finelly open date ;- 16 may to 19 may

Mankind Final Listing Date 9 may 2023 Tuesday

krishca expected date ;- 17 may 2023