Kalyani Cast Tech IPO Date, GMP, Price, Analysis and Review
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Kalyani Cast Tech Ltd, Incorporated in 2012, operates in the casting industry and boasts an in-house machining facility. The company specializes in manufacturing a wide range of products, including bearing housings for electrical locomotives, MG coupler components, adapters for WDG4 locomotives, and CI brake blocks, among others.
Kalyani Cast Tech is also a prominent player in the manufacturing of cargo containers, offering ISO containers in various sizes such as 20 feet, 25 feet, 40 feet, and 42 feet. Additionally, the company excels in crafting custom containers tailored to the specific requirements of clients, including containers for parcel cargo, two and three-wheelers, dwarf containers, and cuboid containers.
The company serves a diverse clientele, which includes clients in industries such as Indian railways, mining, cement, chemicals, fertilizer, and power plants.
Kalyani Cast Tech’s competitive strengths encompass having an experienced promoter and management team, utilizing networking channels to identify its core customers and develop effective marketing strategies for customized solutions. Moreover, the company sets itself apart from competitors by delivering exceptional services.
Objects of the Issue (Kalyani Cast Tech IPO Objectives)
The objectives of the Kalyani Cast Tech IPO, for which the net fresh issue proceeds will be used, are as follows:
- Meeting working capital requirements.
- General corporate purposes.
Kalyani Cast Tech IPO Details
Kalyani Cast Tech IPO is a book-built issue amounting to Rs 30.11 crores. The entire issue consists of fresh shares totaling 21.66 lakh.
IPO Date | November 8, 2023 to November 10, 2023 |
Listing Date | November 21, 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 |
DRHP Draft Prospectus: | Click Here |
RHP Draft Prospectus: | Click Here |
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 Lot Size
Investors can bid in lots of 1000 shares, with the table showing the minimum and maximum investments for both retail and HNI investors in shares and amounts.
Application | Lots | Shares | Amount |
---|---|---|---|
Retail (Min) | 1 | 1000 | ₹139,000 |
Retail (Max) | 1 | 1000 | ₹139,000 |
HNI (Min) | 2 | 2,000 | ₹278,000 |
Kalyani Cast Tech IPO Dates
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 Limited Financial Report
Kalyani Cast Tech Ltd saw a 28.08% increase in revenue and a remarkable 585.07% rise in profit after tax (PAT) between the financial year ending on 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 |
Key Performance Indicator of Kalyani Cast Tech
KPI | Values |
---|---|
P/E (x) | 8.67 |
ROE | 78.64% |
ROCE | 67.56% |
Debt/Equity | 0.34 |
EPS (Rs) | 16.03 |
RoNW | 56.45% |
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% |
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
What is Kalyani Cast Tech IPO?
Kalyani Cast Tech IPO is a SME IPO consisting of 2,166,000 equity shares with a face value of ₹10, aggregating up to ₹30.11 Crores. The issue price per share ranges from ₹137 to ₹139. The minimum order quantity is 1000 Shares. The IPO is open for subscription from November 8, 2023, to November 10, 2023.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
How can I apply for Kalyani Cast Tech IPO through Zerodha?
Zerodha customers can apply for Kalyani Cast Tech IPO online using UPI as a payment gateway. To apply through Zerodha, log in to Zerodha Console (back office) and submit an IPO application form following these steps:
1. Visit the Zerodha website and log in to Console.
2. Go to the Portfolio section and click on the IPOs link.
3. Find the ‘Kalyani Cast Tech IPO’ row and click the ‘Bid’ button.
4. Enter your UPI ID, Quantity, and Price.
5. ‘Submit’ the IPO application form.
6. Visit the UPI App (net banking or BHIM) to approve the mandate.
When does Kalyani Cast Tech IPO open?
The Kalyani Cast Tech IPO opens on November 8, 2023, and the subscription period continues until November 10, 2023.
What is the lot size for Kalyani Cast Tech IPO?
The lot size for Kalyani Cast Tech IPO is 1000 Shares, requiring a minimum investment of ₹139,000.
How can I apply for Kalyani Cast Tech IPO?
You can apply for Kalyani Cast Tech IPO online using either UPI or ASBA as your payment method. ASBA IPO application is available in the net banking section of your bank account. UPI IPO application is provided by brokers who do not offer banking services. For detailed information on applying for IPOs online, you can refer to Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank, and SBI Bank.
When will Kalyani Cast Tech IPO allotment be done?
The finalization of the Basis of Allotment for Kalyani Cast Tech IPO is scheduled for Thursday, November 16, 2023, with the allotted shares expected to be credited to your demat account by Monday, November 20, 2023. You can check the Kalyani Cast Tech IPO allotment status at that time.
When will Kalyani Cast Tech IPO be listed?
The listing date for Kalyani Cast Tech IPO has not been announced yet. The tentative date for the listing is Tuesday, November 21, 2023.