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Let’s have a detailed review of the company and analytics of the Kalyani Cast Tech IPO release date, IPO offer price, subscription, Kalyani Cast Tech Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.

Face Value Rs 10
Price Band Rs 137 to Rs 139
Listing At BSE, SME
Min. Order Quantity 1000 Shares
Listing Date November 21, 2023
Offer for Sale Rs Lakh
Fresh Issue Rs 3011 Lakh
IPO Size Rs 3011 Lakh
Tick Size 1

Kalyani Cast Tech IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.

Live Performance – Kalyani Cast Tech Share Price

Kalyani Cast Tech IPO – Summary

Kalyani Cast Tech IPOTheir company incorporate in the year 2012, Initially, they start with the business of casting for which they commission a casting unit at Rewari in Haryana.

The company has a class A foundry and manufactures products such as MG Coupler Components, CI Brake Blocks, Adapter for WDG4 Loco, Bearing housing for electrical loco, Corner casting for Containers motor hub traction motors etc. They cater to a diverse client base such as Indian railways, companies engaged in the Mining Industry, Cement Industry, chemicals and fertilizer and power plants.

The Promoter of this company is Mr Naresh Kumar, Mr Javed Aslam, Mr Nathmal Bangani, Ms Kamala Kumari Jain and Ms Muskan Bangani. The lead manager of the issue is GRETEX CORPORATE SERVICES LIMITED, and the Registrar of this issue is BIG SHARE SERVICES PRIVATE LIMITED.

Kalyani Cast Tech IPO Date

The opening and closing dates of Kalyani Cast Tech IPO are November 8, 2023, and November 10, 2023, respectively.

Kalyani Cast Tech IPO Subscription

Day / Date QIB NII RII Total Subscription
1st Day – 8th Nov 3.52x 4.05x 7.80x 5.78x
2nd Day – 9th Nov 7.51x 29.34x 39.46x 28.17x
3rd Day – 10th Nov 132.70x 879.73x 381.91x 417.47x
Shares Offered or Net Issue 361,000 271,000 632,000 2,166,000

The shares subscribed by the public will be update here.

Kalyani Cast Tech IPO Allotment Status

Here, you can find the Allotment Status of this IPO.

Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclose.

Kalyani Cast Tech Limited IPO Listing Date

Find the dates below on basis of allotment, refund, listing, and more:

Basis of Allotment Finalization November 16, 2023
Refunds Initiation November 17, 2023
Credit of Shares to Demat Account November 20, 2023
Share Listing Date November 21, 2023

Kalyani Cast Tech IPO Price Band

The face value of each share is Rs.10, but the price band of the IPO is Rs 137 to Rs 139 

Kalyani Cast Tech IPO Equity Size

This Initial Public Issue of 2,166,000 Equity Shares of Rs.10 each for cash at a price of Rs 137 to Rs 139 per equity share aggregating to Rs.3011 Lakh.

Kalyani Cast Tech IPO Share Offering

Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of 2,166,000 Equity Shares of Rs.10/ each.

Issue Size: 2,166,000 Equity Shares of Rs.10 each, aggregating to Rs.3011 Lakh

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    Kalyani Cast Tech IPO – Live Performance

    The listing date of this IPO is November 21, 2023. You can check the live performance of the IPO here, only after it is listed on exchanges.

    Live IPO Performance – Kalyani Cast Tech Share Price

    Kalyani Cast Tech IPO Grey Market Premium

    The Kalyani Cast Tech Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is Rs X. 

    Kalyani Cast Tech IPO – Company Overview

    Being a cargo container manufacturing Company, they manufacture a wide product range of castings, including finished components and are specialists in various types of cargo containers such as ISO containers 20’, 25’, 40’, 42’ and other special containers including dwarf containers, cuboid containers, special containers for parcel cargo and containers for two & three wheelers.

    With unparalleled experience, technical know-how and a state-of-the-art manufacturing facility, Kalyani proves to be a reliable name for their clients. The company has adopted the no-bake system of moulding and has an automatic sand plant starting from knock out, screening, cooling and mixing of sand.

    The Company involve in exports. In the Financial Year 2022-23, the Company generated revenue from export sales for the products sold in Russia.

    Kalyani Cast-Tech Limited, with its strong technical foundations and innovative excellence, has had an eventful and successful journey. From the commissioning of the first plant, they started pioneering breakthrough innovations in inline cargo in India

    Kalyani Cast Tech IPO – Financial Statements

    A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:

    Financial Summary:

    Amount (in INR & Lakh)
    30-Jun-23 31-Mar-23 Mar-22 31-Mar-21
    Total Assets 3059.18 2420.19 1599.54 1367.88
    *Total Revenue 2467.85 6336.46 4947.12 1135.26
    Total Expense 2071.25 5254.74 4821.64 1118.45
    Profit After Tax 293.64 803.79 117.33 35.36

    Earnings per Equity Share (in Lakh)

    30-Jun-23 31-Mar-23 Mar-22 31-Mar-21
    Basic & Diluted 5.86 16.03 2.34 0.76

    Further, their PAT for the period ended on March 31, 2023, March 31, 2022, and March 31, 2021, were Rs. 803.79 Lakh, Rs. 117.33 Lakh and Rs. 35.36 Lakh respectively.

    Kalyani Cast Tech IPO – Promoters

    The Promoter of this company is:

    1. Mr. Naresh Kumar,
    2. Mr. Javed Aslam,
    3. Mr. Nathmal Bangani,
    4. Ms. Kamala Kumari Jain
    5. Ms. Muskan Bangani

    List of Related Parties (Key Managerial Personnel)

    • Naresh Kumar, Chairman and Managing Director
    • Jayashree Kumar, Whole-Time Director
    • Devender Kumar, Non-Executive Director
    • Kumar Sharat Chandra, Independent Director

    Kalyani Cast Tech IPO – Promoters Holding

    • Pre-Issue Share Holding – 100%
    • Post-Issue Share Holding – 69.83%

    Kalyani Cast Tech IPO Offer Details or Issue Details

     Particulars  No. Of Equity Shares
     Equity Shares Offered  Up to 21,66,000 Equity Shares aggregating up to Rs.[●] Lakh
    of which:
    Issue Reserved for the Market Makers Up to 3,62,000 Equity Shares aggregating up to Rs.[●]
    Net Issue to the Public Up to 18,04,000 Equity Shares aggregating up to Rs.[●]
    Of which:
    Retail Investors Portion Not less than 6,32,000 Equity Shares
    Other than Retail Individual Investors Not more than 2,71,000 Equity Shares
     Equity Shares outstanding prior to the Issue 50,14,500 Equity Shares
     Equity Shares outstanding after the Issue 71,80,500 Equity Shares

    Kalyani Cast Tech IPO Issue Object

    Their Company proposes to utilize the Net Proceeds towards funding the following objects:

    1. Working Capital Requirements
    2. General Corporate Purposes.

    Kalyani Cast Tech IPO – Business Strategy

    • Leveraging their Market Skills and Relationships
    • Improving functional efficiencies
    • Enhance customer base and establish long-term relationships
    • To build up a professional organization

    Kalyani Cast Tech IPO – Basis of Offer Price

    The company determine the issue price in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.

    Qualitative factors are:

    • Unique strengths and competitive advantage.
    • Efficient and reliable production process.
    • Product Innovation.
    • Reputable clients and long-term contracts.
    • Commitment to sustainability.
    • Experienced and qualified management team.
    • Potential for growth, market size and future trends

    The relevant quantitative factors are:

    Basic & Diluted EPS RONW (%) NAV (Rs.)
    31-Mar-23 16.03 56.45 28.40
    31-Mar-22 2.34 18.92 12.37
    Mar-21 0.76 7.03 10.74

    Kalyani Cast Tech IPO: Competitive Peers

    Face Value (Rs.) P/E EPS (Rs.) Return on Net Worth (%) Revenue from Operations (Rs. in Lakhs)
    Kalyani Cast Tech Limited 10 [●] 16.03 56.45 6,327.01
    Listed Peers
    Texmaco Rail & Engineering Limited 1 187.58 0.62 1.47 65,600.00
    Titagarh Rail Systems Limited 2 75.37 8.64 10.73 2,78,052.90

    Kalyani Cast Tech IPO Lead Managers

    Lead Managers
    A-401, Floor 4th, Plot FP-616, (PT), Naman Midtown, Senapati Bapat Marg, Near Indiabulls,
    Dadar (w), Delisle Road, Mumbai, Mumbai-400013, Maharashtra, India.
    Tel No.: +91 96532 49863
    Email: info@gretexgroup.com
    Website: www.gretexcorporate.com
    Contact Person: Ms. Neha Maiyan
    SEBI Registration No: INM000012177
    CIN: L74999MH2008PLC288128

    Kalyani Cast Tech IPO Registrar to offer

    Registrar to the Offer
    S6-2, 6th Pinnacle Business Park, Mahakali Caves Road, next to Ahura Centre, Andheri East,
    Mumbai- 400093, Maharashtra, India
    Tel No.: +91 – 22 – 6263 8200; Fax No.: +91 – 22 – 6263 8299
    E-mail: ipo@bigshareonline.com
    Investor Grievance E-mail: investor@bigshareonline.com
    Website: www.bigshareonline.com
    Contact Person: Mr. Vinayak Morbale
    SEBI Registration No.: INR000001385
    CIN: U99999MH1994PTC076534

    Kalyani Cast Tech IPO – Other Details

    • Statutory Auditor – M/s. Goel Mintri and Associates Chartered Accountants
    • Legal Counsel to the Company – M/S. M. V. KINI LAW FIRM KINI
    • Bankers to the Company – HDFC BANK LIMTED

    Kalyani Cast Tech IPO Review by Stock Brokers

    Top Stock Brokers Review Company Reputation Competitive Edge Financial Statement Popularity Index Promoters Reputation
    Angel Broking 7.5/10 7.4/10 8.5/10 8.1/10 7.1/10
    Sharekhan 7.2/10 7.1/10 8.6/10 8.1/10 7.2/10
    Kotak Securities 7.3/10 7.5/10 8.4/10 8.1/10 7.3/10
    ICICI Direct 7.3/10 7.3/10 8.7/10 8.1/10 7.1/10
    IIFL 7.5/10 7.2/10 8.8/10 8.0/10 7.1/10
    Edelweiss 7.5/10 7.4/10 8.4/10 8.3/10 7.2/10
    Zerodha 7.4/10 7.1/10 8.5/10 8.1/10 7.0/10
    5Paisa 7.1/10 7.1/10 8.4/10 8.1/10 7.1/10
    Karvy 7.4/10 7.3/10 8.2/10 8.1/10 7.1/10
    Motilal Oswal 7.1/10 7.1/10 8.6/10 8.3/10 7.2/10


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      Kalyani Cast Tech Limited IPO News

      News 1 – IPO DRHP Download

      News 2 – IPO RHP Prospectus Download

      Kalyani Cast IPO Review FAQs

      Check out various FAQs related to the Kalyani Cast IPO:

      What is the Issue Size of Kalyani Cast IPO?

      The Company is making an initial public offer of 2,166,000 equity shares. They vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and net issue.

      What is the Price band of the Kalyani Cast IPO?

      The price band for this particular IPO ranges between Rs 137 to Rs 139. As far as the face value of the share is concerned, it is Rs. 10 per share.

      What is the Kalyani Cast IPO Open Date?

      The opening and closing dates for this IPO have been updated. The IPO is set to open on November 8, 2023, while the closing date is set at November 10, 2023.

      What is the Kalyani Cast IPO Allotment Date?

      They also have the news regarding the respective allotment dates of this IPO. The basis of Allotment finalization is on November 16, 2023, refund initiation is on November 17, 2023, credit of shares is on November 20, 2023, and share listing date is on November 21, 2023.

      What is the Kalyani Cast Tech IPO Listing Date?

      Shares of this company shall be listed in the exchanges on November 21, 2023. The date, when the listing would be done, is stagnant on November 21, 2023.

      Who is the Registrar of Kalyani Cast IPO?

      One of the reputed registrars is managing the issue of this IPO, i.e. BIGSHARE SERVICES PRIVATE LIMITED. Their website will help you regarding the further information you are on the lookout for.

      Who is the Promoter of Kalyani Cast IPO?

      Here are the promoters of this IPO – Mr Naresh Kumar, Mr Javed Aslam, Mr Nathmal Bangani, Ms Kamala Kumari Jain and Ms Muskan Bangani. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.

      What is the GMP of Kalyani Cast IPO?

      They have obtained the GMP of this IPO and it is Rs NA. Further insights into the Kostak rate and subject to sauda or SS also include in this report.

      Is Kalyani Cast Tech IPO Good for Investment?

      They have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.

      What is the PAT of Kalyani Cast Tech Company?

      They have the information on company financials, and according to that, they have the figures from the last few years to provide. PAT for the financial year 2023 in Lakh is 803.79, 2022 is 117.33, and 2021 is 35.36. PAT from Jun 2023 is 293.64.

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