Kalyani Cast Tech IPO Detail
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.
Company Promoters
Mr Naresh Kumar, Mr Javed Aslam, Mr Nathmal Bangani, Ms Kamala Kumari Jain and Ms Muskan BanganiIPO Details
| IPO Opening Date | Nov 08, 2023 |
| IPO Closing Date | Nov 10, 2023 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹137 - 139 per equity share |
| Market Lot | 1000 Shares |
| Min Order Quantity | 1000 Shares |
| Listing At | BSE SME |
| Issue Size | ₹30.11 Cr |
| Fresh Issue | ₹30.11 Cr |
| Offer for Sale | - |
| Retail Portion | - |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | 3.52x | - | - | 4.05x | 7.80x | 5.78x |
| Day 2 | 7.51x | - | - | 29.34x | 39.46x | 28.17x |
| Day 3 | 132.70x | - | - | 879.73x | 381.91x | 417.47x |
IPO Tentative Timetable
The Kalyani Cast Tech IPO open date is Nov 08, 2023, and the close date is Nov 10, 2023. The issue may list on Nov 21, 2023.
| IPO Open Date | Nov 08, 2023 |
| IPO Close Date | Nov 10, 2023 |
| Basis of Allotment Date | Nov 16, 2023 |
| Initiation of Refunds | Nov 17, 2023 |
| Credit of Shares to Demat Account | Nov 20, 2023 |
| IPO Listing Date | Nov 21, 2023 |
IPO Lot Size
The Kalyani Cast Tech IPO market lot size is 1000 shares. A retail-individual investor can apply for up to 1 lots (1000 shares or ₹139000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 1000 | ₹139000 |
| Maximum | 1 | 1000 | ₹139000 |
IPO Promoter Holding
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding | 69.83% |
Company Financials:
For the year/period ended (₹ in Lakhs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-21 | 1367.88 | 1135.26 | 35.36 |
| 31-Mar-22 | 1599.54 | 4947.12 | 117.33 |
| 31-Mar-23 | 2420.19 | 6336.46 | 803.79 |
Objects of the Issue:
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 Registrar:
Bigshare Services Pvt Ltd
Kalyani Cast Tech IPO Lead Manager(s):
Gretex Corporate Services Limited
Company Contact Information:
Kalyani Cast Tech
B-144 Second Floor
DDA Shed Phase-1, Okhla Industrial Area
Phase-1 New Delhi, South Delhi, 110020
