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 opens for subscription on November 8, 2023 and closes on November 10, 2023. The allotment for the Kalyani Cast Tech IPO is expected to be finalized on Thursday, November 16, 2023. Kalyani Cast Tech IPO will list on BSE SME with tentative listing date fixed as Tuesday, November 21, 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.
Kalyani Cast Tech IPO Details
| IPO Date | November 8, 2023 to November 10, 2023 |
| Listing Date | [21 November 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 Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15% of the Net Issue |
Kalyani Cast Tech IPO Timeline (Tentative Schedule)
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 | Thursday, November 16, 2023 |
| Initiation of Refunds | Friday, November 17, 2023 |
| Credit of Shares to Demat | Monday, November 20, 2023 |
| Listing Date | Tuesday, November 21, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on November 10, 2023 |
Kalyani Cast Tech IPO Lot Size
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 |
Kalyani Cast Tech IPO Promoter Holding
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% |
About Kalyani Cast Tech Ltd
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.
Kalyani Cast Tech Ltd Financial Information (Restated)
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 |
Key Performance Indicator
Kalyani Cast Tech IPO Market Cap is Rs 99.81 Cr and P/E (x) is 8.67.
| KPI | Values |
|---|---|
| P/E (x) | 8.67 |
| Post P/E (x) | 8.49 |
| Market Cap (₹ Cr.) | 99.81 |
| ROE | 78.64% |
| ROCE | 67.56% |
| Debt/Equity | 0.34 |
| EPS (Rs) | 16.03 |
| RoNW | 56.45% |
Check Kalyani Cast Tech IPO Peer Comparison here.
Objects of the Issue (Kalyani Cast Tech IPO Objectives)
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 Review (May apply)
[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…
Kalyani Cast Tech Ltd Contact Details
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/
Kalyani Cast Tech IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html