Kalyani Cast Tech Ltd IPO (Kalyani Cast Tech IPO) Detail
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 is open for subscription on November 8, 2023 and close today 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 | [.] |
| 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
Kalyani Cast Tech IPO offers 2,166,000 shares. 361,000 (16.67%) to QIB, 271,000 (12.51%) to NII, 632,000 (29.18%) to RII and 540,000 (24.93%) to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | 540,000 (24.93%) |
| Market Maker Shares Offered | 362,000 (16.71%) |
| QIB Shares Offered | 361,000 (16.67%) |
| NII (HNI) Shares Offered | 271,000 (12.51%) |
| Retail Shares Offered | 632,000 (29.18%) |
| Total Shares Offered | 2,166,000 (100%) |
Kalyani Cast Tech IPO Anchor Investors Details
Kalyani Cast Tech IPO raises Rs 7.51 crore from anchor investors. Kalyani Cast Tech IPO Anchor bid date is November 7, 2023. Kalyani Cast Tech IPO Anchor Investors list
| Bid Date | November 7, 2023 |
| Shares Offered | 540,000 |
| Anchor Portion Size (In Cr.) | 7.51 |
| Anchor lock-in period end date for 50% shares (30 Days) | January 1, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | March 25, 2024 |
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% |
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 Subscription Status (Bidding Detail)
The Kalyani Cast Tech IPO is subscribed 139.67 times on Nov 10, 2023 3:00:00 PM (Day 3). The public issue subscribed 151.43 times in the retail category, 40.68 times in the QIB category, and 244.13 times in the NII category. Check Day by Day Subscription Details.
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 40.68 | 3,61,000 | 1,46,84,000 |
| NII* | 244.13 | 2,71,000 | 6,61,58,000 |
| Retail | 151.43 | 6,32,000 | 9,57,05,000 |
| Total | 139.67 | 12,64,000 | 17,65,47,000 |
Total Application : 118,084 (186.84 times)
*Market Maker portion is not included to NII/HNI.
Kalyani Cast Tech IPO Prospectus
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
Kalyani Cast Tech IPO FAQs
Kalyani Cast Tech IPO is a SME IPO of 2,166,000 equity shares of the face value of ₹10 aggregating up to ₹30.11 Crores. The issue is priced at ₹137 to ₹139 per share. The minimum order quantity is 1000 Shares.
The IPO opens on November 8, 2023, and closes on November 10, 2023.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Kalyani Cast Tech IPO using UPI as a payment gateway. Zerodha customers can apply in Kalyani Cast Tech IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Kalyani Cast Tech IPO through Zerodha
- Visit the Zerodha website and login to Console.
- Go to Portfolio and click the IPOs link.
- Go to the 'Kalyani Cast Tech IPO' row and click the 'Bid' button.
- Enter your UPI ID, Quantity, and Price.
- ‘Submit’ IPO application form.
- Visit the UPI App (net banking or BHIM) to approve the mandate.
The Kalyani Cast Tech IPO opens on November 8, 2023 and closes on November 10, 2023.
Kalyani Cast Tech IPO lot size is 1000 Shares, and the minimum amount required is ₹139,000.
The finalization of Basis of Allotment for Kalyani Cast Tech IPO will be done on Thursday, November 16, 2023, and the allotted shares will be credited to your demat account by Monday, November 20, 2023. Check the Kalyani Cast Tech IPO allotment status.
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