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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 RHP for detailed information.
| 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 Size | 2,166,000 shares (aggregating up to ₹30.11 Cr) |
| Fresh Issue | 2,166,000 shares (aggregating up to ₹30.11 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 5,014,500 |
| Share holding post issue | 7,180,500 |
| Market Maker portion | 362,000 shares Gretex Share Broking |
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 Offered | 540,000 (24.93%) |
| Market Maker Shares Offered | 362,000 (16.71%) |
| QIB Shares Offered | 361,000 (16.67%) |
| NII (HNI) Shares Offered | 271,000 (12.51%) |
| Retail Shares Offered | 632,000 (29.18%) |
| Total Shares Offered | 2,166,000 (100%) |
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 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 |
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 | |||
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% |
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:
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 Ended | 30 Jun 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 3,059.18 | 2,420.19 | 1,599.54 | 1,367.88 |
| Revenue | 2,467.85 | 6,336.46 | 4,947.12 | 1,135.26 |
| Profit After Tax | 293.64 | 803.79 | 117.33 | 35.36 |
| Net Worth | 1,717.65 | 1,424.01 | 620.22 | 502.89 |
| Reserves and Surplus | 1,216.20 | 922.56 | 118.77 | 1.44 |
| Total Borrowing | 581.92 | 342.05 | 269.87 | 498.54 |
| Amount in ₹ Lakhs | ||||
The market capitalization of Kalyani Cast Tech IPO is Rs 99.81 Cr.
| KPI | Values |
|---|---|
| ROE | 78.64% |
| ROCE | 67.56% |
| Debt/Equity | 0.34 |
| RoNW | 56.45% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 16.03 | |
| P/E (x) | 8.67 | 8.49 |
The company intends to utilize the Net Fresh Issue Proceeds for the following Objects
a) Working Capital Requirements
b) General Corporate Purposes.
[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...
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)
| Category | Subscription (times) |
|---|---|
| QIB | 66.35 |
| NII | 439.20 |
| Retail | 190.95 |
| Total | 208.59 |
Total Application : 158,014 (250.02 times)
| Listing Date | November 17, 2023 |
| BSE Script Code | 544023 |
| NSE Symbol | |
| ISIN | INE0N6U01018 |
| Final Issue Price | ₹139 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE SME |
|---|
| ₹139.00 |
| ₹264.10 |
| ₹264.10 |
| ₹277.30 |
| ₹277.30 |
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
Email: info@kalyanicasttech.com
Website: https://kalyanicasttech.com/
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
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Check our SME IPO Guide 
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
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.
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