Did Kucingko Kitten, the hottest IPO in July, get a big application?

KuCingko Berhad is about to go public (the IPO of a 2D animation studio), a company focused on 2D animation production, which will be listed on the Malaysian motherboard.

IPO details
Application date: June 28
Deadline: July 12
Draw date: July 16
Listing date: July 26
Listing Price: RM0.30
Total Market Capitalization: 150M

Business Overview
Kucingko is mainly engaged in 2D animation production, helping production companies produce cartoons and animations. The company is a midstream enterprise in the animation industry, providing animation production services for brand companies. Although specific works cannot be disclosed, some works are broadcast on platforms such as Cartoon Network. The company's main markets are in Europe and America, with North America accounting for 74% and Europe accounting for 24%.

Financial status
KuCingko's revenue has grown significantly over the past three years, from 15M in 2020 to 28M in 2023. Net profit also increased from 3.68M in 2020 to 8.36M in 2023, with an average annual growth rate of over 30%. The company's balance ratio is low and the financial situation is healthy. After listing, the company plans to distribute 40% of profits as dividends to shareholders, which is attractive.

Use of listing capital
The company plans to raise 30M of which 17.7M will be used to establish new production offices in East Malaysia (Sabah and Sarawak) and expand the team in Selangor. 4.38M is used to set up a sales office in the US to facilitate customer contact and cooperation. 4.26M is used for operating capital, payment of employees' wages and marketing and administrative expenses, and 3.6M is used for listing expenses.

conclusions
KuCingko Berhad's listing provided investors with an opportunity to participate in the 2D animation production industry. Through in-depth research and attention to market trends, investors can make smart investment decisions themselves. If you want to know more about Kucingko and its IPO, please watch our video explanation. The video link is in the comments area.