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Kalyani Cast Tech Ltd IPO (Kalyani Cast Tech IPO) Detail

November 8, 2023 - November 10, 2023

Kalyani Cast Tech IPO is a book built issue of Rs 30.11 crores. The issue is entirely a fresh issue of 21.66 lakh shares.

Kalyani Cast Tech IPO bidding started from November 8, 2023 and ended on November 10, 2023. The allotment for Kalyani Cast Tech IPO was finalized on Monday, November 13, 2023. The shares got listed on BSE SME on November 17, 2023.

Kalyani Cast Tech IPO price band is set at ₹137 to ₹139 per share. The minimum lot size for an application is 1000 Shares. The minimum amount of investment required by retail investors is ₹139,000. The minimum lot size investment for HNI is 2 lots (2,000 shares) amounting to ₹278,000.

Gretex Corporate Services Limited is the book running lead manager of the Kalyani Cast Tech IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for Kalyani Cast Tech IPO is Gretex Share Broking.

Refer to Kalyani Cast Tech IPO DRHP for detailed information.

Kalyani Cast Tech IPO Details

IPO Date November 8, 2023 to November 10, 2023
Listing Date November 17, 2023
Face Value ₹10 per share
Price Band ₹137 to ₹139 per share
Lot Size 1000 Shares
Total Issue Size2,166,000 shares
(aggregating up to ₹30.11 Cr)
Fresh Issue2,166,000 shares
(aggregating up to ₹30.11 Cr)
Issue Type Book Built Issue IPO
Listing At BSE SME
Share holding post issue7,180,500
Market Maker portion362,000 shares
Gretex Share Broking

Kalyani Cast Tech IPO Reservation

Kalyani Cast Tech IPO offers 2,166,000 shares. 361,000 (16.67%) to QIB, 271,000 (12.51%) to NII, 632,000 (29.18%) to RII and 540,000 (24.93%) to Anchor investors.

Investor Category Shares Offered
Anchor Investor Shares Offered540,000 (24.93%)
Market Maker Shares Offered362,000 (16.71%)
QIB Shares Offered361,000 (16.67%)
NII (HNI) Shares Offered271,000 (12.51%)
Retail Shares Offered632,000 (29.18%)
Total Shares Offered2,166,000 (100%)

Kalyani Cast Tech IPO Anchor Investors Details

Kalyani Cast Tech IPO raises Rs 7.51 crore from anchor investors. Kalyani Cast Tech IPO Anchor bid date is November 7, 2023. Kalyani Cast Tech IPO Anchor Investors list

Bid Date November 7, 2023
Shares Offered 540,000
Anchor Portion Size (In Cr.) 7.51
Anchor lock-in period end date for 50% shares (30 Days) December 13, 2023
Anchor lock-in period end date for remaining shares (90 Days) February 11, 2024

Kalyani Cast Tech IPO Timeline (Tentative Schedule)

Kalyani Cast Tech IPO opens on November 8, 2023, and closes on November 10, 2023.

IPO Open Date Wednesday, November 8, 2023
IPO Close Date Friday, November 10, 2023
Basis of Allotment Monday, November 13, 2023
Initiation of Refunds Wednesday, November 15, 2023
Credit of Shares to Demat Friday, November 17, 2023
Listing Date Friday, November 17, 2023
Cut-off time for UPI mandate confirmation 5 PM on November 10, 2023

Kalyani Cast Tech IPO Lot Size

Investors can bid for a minimum of 1000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (Min) 1 1000 ₹139,000
Retail (Max) 1 1000 ₹139,000
HNI (Min) 2 2,000 ₹278,000
Lot Size Calculator

Kalyani Cast Tech IPO Promoter Holding

The promoters of the Company are Mr Naresh Kumar, Mr Javed Aslam, Mr Nathmal Bangani, Ms Kamala Kumari Jain and Ms Muskan Bangani

Share Holding Pre Issue 100%
Share Holding Post Issue 69.83%

About Kalyani Cast Tech Ltd

Incorporated in 2012, Kalyani Cast Tech Ltd is engaged in the casting business with an in-house & machining facility. Kalyani Cast is engaged in the manufacturing of products such as Bearing housing for electrical loco,  MG Coupler Components, Adapters for WDG4 Loco, CI Brake Blocks and so on.

The company specialize in manufacturing cargo containers, including ISO containers (20', 25', 40', 42') and custom containers for parcel cargo, two & three-wheelers, dwarf, and cuboid containers.

The company serve diverse clients including Indian railways, mining, cement, chemicals, fertilizer, and power plants.

The competitive strength of the company includes:

  • Experienced Promoter and Management Team
  • The company uses networking channels to identify its core customers and create effective marketing strategies for customized solutions.
  • The company distinguishes itself from competitors by providing exceptional services.

Kalyani Cast Tech Ltd Financial Information (Restated)

Kalyani Cast Tech Ltd's revenue increased by 28.08% and profit after tax (PAT) rose by 585.07% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended30 Jun 202331 Mar 202331 Mar 202231 Mar 2021
Profit After Tax293.64803.79117.3335.36
Net Worth1,717.651,424.01620.22502.89
Reserves and Surplus1,216.20922.56118.771.44
Total Borrowing581.92342.05269.87498.54
Amount in ₹ Lakhs

Key Performance Indicator

The market capitalization of Kalyani Cast Tech IPO is Rs 99.81 Cr.

KPI Values
Pre IPO Post IPO
EPS (Rs) 16.03
P/E (x) 8.678.49

Objects of the Issue (Kalyani Cast Tech IPO Objectives)

The company intends to utilize the Net Fresh Issue Proceeds for the following Objects

a) Working Capital Requirements

b) General Corporate Purposes.

Kalyani Cast Tech IPO Review (May apply)

[Dilip Davda]  The company is in highly competitive segment of castings and containers primarily for railways. The margins posted for the last 15 months’ raises eyebrows and concern over the sustainability. Based on FY24 super annualized earnings, the issue appears reasonably priced. However, the sustainability of such margins remains a major concern. Well-informed investors may park moderate funds for the long-term rewards. Read detail review...

Kalyani Cast Tech IPO Subscription Status (Bidding Detail)

The Kalyani Cast Tech IPO is subscribed 208.59 times on November 10, 2023 7:02:00 PM. The public issue subscribed 190.95 times in the retail category, 66.35 times in the QIB category, and 439.20 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)

Total Application : 158,014 (250.02 times)

Kalyani Cast Tech IPO Prospectus

Kalyani Cast Tech IPO Rating

Rating:Rated 4.7 stars
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Kalyani Cast Tech IPO Listing Details

Listing Date November 17, 2023
BSE Script Code 544023
NSE Symbol
Final Issue Price ₹139 per share

Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Last Trade

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Kalyani Cast Tech Ltd Contact Details

Kalyani Cast Tech Ltd
B-144 Second Floor
DDA Shed Phase-1, Okhla Industrial Area
Phase-1 New Delhi, South Delhi, 110020
Phone: 011-26444400

Kalyani Cast Tech IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200

Kalyani Cast Tech IPO - Buy or Not

Kalyani Cast Tech IPO Recommendation Summary

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Members 1 0 0

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Kalyani Cast Tech IPO FAQs

Kalyani Cast Tech IPO is a SME IPO of 2,166,000 equity shares of the face value of ₹10 aggregating up to ₹30.11 Crores. The issue is priced at ₹137 to ₹139 per share. The minimum order quantity is 1000 Shares.

The IPO opens on November 8, 2023, and closes on November 10, 2023.

Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.

Zerodha customers can apply online in Kalyani Cast Tech IPO using UPI as a payment gateway. Zerodha customers can apply in Kalyani Cast Tech IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in Kalyani Cast Tech IPO through Zerodha

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Kalyani Cast Tech IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The Kalyani Cast Tech IPO opens on November 8, 2023 and closes on November 10, 2023.

Kalyani Cast Tech IPO lot size is 1000 Shares, and the minimum amount required is ₹139,000.

You can apply in Kalyani Cast Tech IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Kalyani Cast Tech IPO will be done on Monday, November 13, 2023, and the allotted shares will be credited to your demat account by Friday, November 17, 2023. Check the Kalyani Cast Tech IPO allotment status.

The Kalyani Cast Tech IPO listing date is on November 17, 2023.
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Kalyani Cast Tech IPO Message Board

Ranked Members of Forum  Ranked Members | Members with Most Likes



91. abc xyz |   Link |  Bookmark |November 20, 2023 1:49:50 PM
IPO Guru IPO Guru (1100+ Posts, 1100+ Likes)
Those who have bought Tata investment as per our discussion may have enjoyed the great rally and the Loss of Spectrum who don't have any talent but gave the super loss to it's investors may have recovered the loss and turned in to the profit.

Price of Tata investment at the time of this discussing was around 3200 and today it was 4598. Thanks to the Tata group. So don't worry about the loss from any specific script but take quick action to recover the loss. Happy smart investing.
90. Anshujii |   Link |  Bookmark |November 17, 2023 9:26:25 PM (500+ Posts)
2 bulk deals today....

90.1. P Soni |   Link |  Bookmark |November 20, 2023 9:07:25 PM
yeh details kaun si website say milti h
89. GrowYourMoney |   Link |  Bookmark |November 17, 2023 4:42:20 PM
Top Contributor Top Contributor (400+ Posts, 400+ Likes)
Excellent listing
Even Better than Expected
Congrats allottees
88. Ronak.Patel |   Link |  Bookmark |November 17, 2023 3:55:18 PM
Please share your view for Allottes of Kalyani.
Hold or sell.
88.4. P Soni |   Link |  Bookmark |November 22, 2023 7:48:45 AM
Not Continue in LC, it will be for 2-4 days maximum and again Rising Uper side, it's a good company if you're going for longtime invester, But if you don't want any risk then sell on Friday Morning.
88.5. Dinesh Singh |   Link |  Bookmark |November 23, 2023 6:30:23 PM
IPO Guru IPO Guru (1300+ Posts, 500+ Likes)
Circuit will not open in near future.
News of Tesla suppliers is linked to it. Don't know its correctness.
No stopping now.
87. Small Investor |   Link |  Bookmark |November 17, 2023 1:09:18 PM
IPO Guru IPO Guru (2100+ Posts, 1100+ Likes)

Dear Karnika is become a big dark horse now
87.1. KAPPO |   Link |  Bookmark |November 17, 2023 3:08:44 PM
IPO Guru IPO Guru (1100+ Posts, 800+ Likes)
Me kya kar shakta hu Bhai apke liye
86. montu parashar |   Link |  Bookmark |November 17, 2023 9:46:24 AM
Sold@274 very good listing.......
85. Basuvr |   Link |  Bookmark |November 17, 2023 8:44:29 AM
IPO Guru IPO Guru (1800+ Posts, 1000+ Likes)
I recommend not to sell in preopen
85.1. Allan |   Link |  Bookmark |November 17, 2023 8:52:34 AM (200+ Posts)
HDFC and ICICI do that job well, they dont allow to sell in pre-open :)
84. Takamichi |   Link |  Bookmark |November 17, 2023 8:40:50 AM
IPO Mentor IPO Mentor (800+ Posts, 700+ Likes)
Beside PNGS and few other IPOs, the 90 percent premium listing of BSE has been curse for further movement in the the share....
DAPS never crossed it's listing day price till now....
Let's see what happens in this
83. ARJUN'S EYE |   Link |  Bookmark |November 17, 2023 8:21:21 AM
IPO Mentor IPO Mentor (800+ Posts, 600+ Likes)
Kalyani Cast Tech Ltd BSE SME IPO.
BSE Code:-544023
Issue Price:-139/-
Market Lot:-1000 Shares
Face Value:-10/-
Listing At:-BSE SME
82. GrowYourMoney |   Link |  Bookmark |November 17, 2023 8:16:12 AM
Top Contributor Top Contributor (400+ Posts, 400+ Likes)
listing seems to be better than expected
81. BLUE WHALE |   Link |  Bookmark |November 17, 2023 2:03:31 AM
Top Contributor Top Contributor (400+ Posts, 100+ Likes)
90% GMP listing possible
80. Venkatram |   Link |  Bookmark |November 16, 2023 11:31:39 AM
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
@lokes @Noorul  Any listing day strategy for this Script? wanted to check your thoughts on picking this up at listing.
80.1. Noorul |   Link |  Bookmark |November 16, 2023 11:31:23 PM
Probably will list too high. I won't buy as chances of profit booking will be there.
79. Dinesh Singh |   Link |  Bookmark |November 16, 2023 10:59:15 PM
IPO Guru IPO Guru (1300+ Posts, 500+ Likes)
Listing will not be decent due so many IPO'S coming next week.
79.3. Anshujii |   Link |  Bookmark |November 17, 2023 10:23:10 AM (500+ Posts)
Ha ha..UC bhi chalega kuch din
79.4. Small Investor |   Link |  Bookmark |November 17, 2023 10:27:35 AM
IPO Guru IPO Guru (2100+ Posts, 1100+ Likes)
@Dinesh Singh 

best opportunities in maitrerya now for buying
78. lucky boy |   Link |  Bookmark |November 16, 2023 9:24:53 PM
IPO Mentor IPO Mentor (1200+ Posts, 400+ Likes)
kya cxxpaa hain yaar, sab ke saab ek saath ayenge toah koi na koi bali ka bakra banega jo kaam listing gain dega.....

ek ek karke aa jao sabko niptenge....
77. Karam |   Link |  Bookmark |November 16, 2023 11:01:31 AM
Any update on listing date? Anyone with shares credited in demat account?
77.1. Basuvr |   Link |  Bookmark |November 16, 2023 6:07:34 PM
IPO Guru IPO Guru (1800+ Posts, 1000+ Likes)
@Karam Shares credited, listing date is tomorrow
76. Vipul M Shah |   Link |  Bookmark |November 16, 2023 6:07:15 PM (400+ Posts)

Thnx for confirmation.
75. Vipul M Shah |   Link |  Bookmark |November 16, 2023 2:19:57 PM (400+ Posts)
I have heard that Listing will be tomorrow. Is it true? Anybody else has any news?
75.1. Basuvr |   Link |  Bookmark |November 16, 2023 5:52:14 PM
IPO Guru IPO Guru (1800+ Posts, 1000+ Likes)
@Vipul M Shah Yes it is listing tomorrow
74. GrowYourMoney |   Link |  Bookmark |November 16, 2023 4:53:29 PM
Top Contributor Top Contributor (400+ Posts, 400+ Likes)
Decent co
73. Anshujii |   Link |  Bookmark |November 16, 2023 4:53:14 PM (500+ Posts)
GMP 95 (68%) 🚀🚀
72. KBG |   Link |  Bookmark |November 16, 2023 8:58:03 AM
Dear CG members please guide me
Can I apply in s HNI category upto 5 lakhs from Upstox and zerodha in HNI category for any IPO?
72.1. Basuvr |   Link |  Bookmark |November 16, 2023 9:46:59 AM
IPO Guru IPO Guru (1800+ Posts, 1000+ Likes)
Yes, you can apply. But while using upi please note that there is a daily limit of 5 lacs for IPO application. Which means if you apply in one IPO with 5 lacs via UPI then you will not be able to apply using UPI in any other IPO for next 24 hrs. If you apply via ASBA, there is no such limit.
72.2. Basuvr |   Link |  Bookmark |November 16, 2023 11:01:12 AM
IPO Guru IPO Guru (1800+ Posts, 1000+ Likes)
@KBG If your ask is to apply 2 applications, one from Zerodga and other from Upstock, where both are linked to same PAN, then answer is NO. Your both application will be rejected. 🙏