Kalyani Cast Tech IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Nov 10, 2023Let’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
Their 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:
- Mr. Naresh Kumar,
- Mr. Javed Aslam,
- Mr. Nathmal Bangani,
- Ms. Kamala Kumari Jain
- 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.[●] Lakh |
| Net Issue to the Public | Up to 18,04,000 Equity Shares aggregating up to Rs.[●] Lakh |
| 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:
- Working Capital Requirements
- 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 |
| GRETEX CORPORATE SERVICES LIMITED 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 |
| BIGSHARE SERVICES PRIVATE LIMITED 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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