IPO Details
Bidding Dates
08 Nov '23 - 10 Nov '23
Minimum Investment
₹139,000 / 1 Lots ( 1000 Shares )
Price Range
₹137 - ₹139
Maximum Investment
₹139,000 / 1 Lots ( 1000 Shares )
Retail Discount
Not Applicable
Issue Size
₹30.11 Cr
Investor category and sub category
Qualified Institutions Buyers | Non-Institutional Buyers | Retail Investors |IPO Dates
Important dates with respect to IPO allotment and listing
IPO Opening Date
Nov 8, 2023
IPO Closing Date
Nov 10, 2023
Basis of Allotment
Nov 16, 2023
Initiation of Refunds
Nov 17, 2023
Credit of Shares to Demat Account
Nov 20, 2023
IPO Listing Date
Nov 21, 2023
UPI Mandate Expiry Date
Nov 10, 2023
IPO Subscription Details
| Date | QIB | Retail | Total |
|---|---|---|---|
Day 1Nov 8, 2023 |
3.52x | 7.80x | 5.78x |
Day 2Nov 9, 2023 |
3.52x | 13.76x | 9.28x |
IPO Subscription Status Live
| Investor Category | Subscription (Times) |
|---|---|
| Qualified Institutions Buyers | 3.52 |
| Non-Institutional Buyers | 6.52 |
| Retail Investors | 13.76 |
| Total | 9.28 |
About Company
Incorporated in 2012, Kalyani Cast Tech Ltd is a casting manufacturer. It has a class A foundry and is engaged in the production of casting products such as MG Coupler Components, CI Brake Blocks, Adapters for WDG4 Loco, Bearing housing for electrical loco, Corner casting for Containers motor hub traction motors, etc.
The company is also involved in the business of manufacturing containers, which started in 2018. It manufactures dwarf containers and cuboid containers. Railway transporters primarily use these containers to transport goods via the rail network in India.
The company believes that the foundry market size in India is likely to grow at a CAGR of ~10.77% between 2022 and 2027. Several factors, including a focus on technology upgrades, make-in-India initiatives, and increasing confidence within the foundry industry, will likely support the said growth.
Kalyani Cast Tech Ltd IPO Details
Kalyani Cast Tech Ltd IPO Date
Kalyani Cast Tech Ltd IPO is a 100% fresh issue. The fresh issue comprises 21,66,000 shares aggregating up to ₹30.11 Cr. Kalyani Cast Tech Ltd’s IPO will be listed on the BSE SME on November 21, 2023. It is a book-built issue IPO.
Kalyani Cast Tech Ltd IPO Price Band
The price range of the IPO has been fixed at ₹137 to ₹139 per share.
Kalyani Cast Tech Ltd IPO Lot Size
The Kalyani Cast Tech Ltd IPO lot size is 1,000 shares, and the minimum investment will be ₹1,39,000.
Kalyani Cast Tech Ltd IPO Objectives
The objectives of Kalyani Cast Tech Ltd IPO are listed below:
- Working capital requirements.
- General corporate purposes.
Peer Details
As per DRHP, the company has 2 listed peers given below:
- Texmaco Rail & Engineering Limited.
- Titagarh Rail Systems Limited.
How To Check the Allotment Status of the Kalyani Cast Tech Ltd IPO?
Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app
- Go to the IPO Section and then to IPO Orders
- Select the individual IPO that you had applied for and check the allotment status.
- Angel One will notify you of your IPO allotment status via push notification and email.
Contact Details of Kalyani Cast Tech Ltd
Registered office: B-144 Second Floor DDA Shed Phase-1, Okhla Industrial Area Phase-1 New Delhi, South Delhi, Delhi - 110020, India.
Phone: 011-26444400
E-mail: info@kalyanicasttech.com
Company Financials
| Particulars ( ₹ in Lakh ) | Year ending on March 31 2021 | Period Ending on June 30, 2023 | Ending on March 31, 2023 | Year ending on March 31 2022 |
|---|---|---|---|---|
| Revenue | 1,135.26 | 2,467.85 | 6,336.46 | 4,947.12 |
| Profit After Tax (PAT) | 35.36 | 293.64 | 803.79 | 117.33 |
| Total Assets | 1,367.88 | 3,059.18 | 2,420.19 | 1,599.54 |
| Total Borrowings | 498.54 | 581.92 | 342.05 | 269.87 |
Know before investing
Strengths
2-
The company has developed and implemented a wide range of networking channels across the industry and society to strengthen the scope of identifying the core customer base.
-
The company plans to cater to the increasing demand of its existing customers and also to increase its existing customer base by enhancing the distribution reach of products in different parts of the country.
Risks
2-
The company, its promoters, directors and group companies are facing legal issues. Any adverse decision in such cases could materially impact its business.
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The company’s business is highly dependent on sales to its key customers. Any loss in retaining those customers could impact the business growth.
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Kalyani Cast Tech IPO FAQs
Kalyani Cast Tech Ltd IPO is a fresh issue. The fresh issue comprises 21,66,000 shares aggregating up to ₹30.11 Cr. The price range of the IPO has been decided at ₹137 to ₹139 per share.
The Basis of Allotment will be on November 16, 2023.
The IPO subscription window will open on November 08, 2023.
Retail investors can apply for a minimum of one lot containing 1,000 shares.
Kalyani Cast Tech Ltd IPO will be listed on BSE SME. The date of listing is November 21, 2023.
Listing gains cannot be ascertained before listing the IPO on the stock exchange.
Initially, the bank will only block the amount in your account. The money will not be debited until the stocks are allotted to you.
You must complete the payment process by logging in to your UPI handle and approving the payment mandate.
You can submit only one application using your PAN card.
