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Kalyani Cast Tech IPO vs Net Avenue Technologies IPO

Comparison between Kalyani Cast Tech IPO and Net Avenue Technologies IPO.

IPO Details

Kalyani Cast Tech IPO is a SME Bookbuilding IPO proposed to list at BSE SME while Net Avenue Technologies IPO is a SME Bookbuilding proposed to list at NSE SME.

 Kalyani Cast Tech IPONet Avenue Technologies IPO
LogoKalyani Cast Tech IPO LogoNet Avenue Technologies IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeBookbuildingBookbuilding
Listing AtBSE SMENSE SME
Lead ManagersGretex Corporate Services Ltd.Shreni Shares Ltd.
RegistrarBigshare Services Pvt.Ltd.Bigshare Services Pvt.Ltd.
Market MakerGretex Share Broking Pvt.Ltd.Shreni Shares Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor InvestorAnchor Investor Anchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Kalyani Cast Tech IPO is up to ₹25.08 Cr whereas the issue size of the Net Avenue Technologies IPO is up to ₹9.73 Cr. The final issue price of Kalyani Cast Tech IPO is ₹139.00 per share and of Net Avenue Technologies IPO is ₹18.00 per share.

 Kalyani Cast Tech IPONet Avenue Technologies IPO
Face Value₹10 per share₹1 per share
Issue Price (Lower)₹137.00 per share₹16.00 per share
Issue Price (Upper)₹139.00 per share₹18.00 per share
Issue Price (Final)₹139.00 per share₹18.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size1000 shares8000 shares
Fresh Issue Size18,04,000 shares54,08,000 shares
Fresh Issue Size (Amount)up to ₹25.08 Crup to ₹9.73 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total18,04,000 shares54,08,000 shares
Issue Size Total (Amount)up to ₹25.08 Crup to ₹9.73 Cr

IPO Timetable

Kalyani Cast Tech IPO opens on Nov 08, 2023, while Net Avenue Technologies IPO opens on Nov 30, 2023. The closing date of Kalyani Cast Tech IPO and Net Avenue Technologies IPO is Nov 10, 2023, and Dec 04, 2023, respectively.

 Kalyani Cast Tech IPONet Avenue Technologies IPO
Anchor Bid DateNov 07, 2023Nov 29, 2023
Issue OpenNov 08, 2023Nov 30, 2023
Issue CloseNov 10, 2023Dec 04, 2023
Basis Of Allotment (Tentative)Nov 13, 2023Dec 07, 2023
Initiation of Refunds (Tentative)Nov 15, 2023Dec 08, 2023
Credit of Share (Tentative)Nov 17, 2023Dec 11, 2023
Listing date (Tentative)Nov 17, 2023Dec 08, 2023
Anchor Lockin End date 1Dec 13, 2023Jan 06, 2024
Anchor Lockin End date 2Feb 11, 2024Mar 06, 2024

Financials & KPIs

Kalyani Cast Tech IPO P/E ratio is 8.67, as compared to Net Avenue Technologies IPO P/E ratio of 8.57.

 Kalyani Cast Tech IPONet Avenue Technologies IPO
Financials

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 Ended30 Jun 202331 Mar 202331 Mar 202231 Mar 2021
Assets3,059.182,420.191,599.541,367.88
Total Income2,467.856,336.464,947.121,135.26
Profit After Tax293.64803.79117.3335.36
Net Worth1,717.651,424.01620.22502.89
Reserves and Surplus1,216.20922.56118.771.44
Total Borrowing581.92342.05269.87498.54
Amount in ₹ Lakhs

Net Avenue Technologies Limited Financial Information (Restated Consolidated)

Net Avenue Technologies Limited's revenue increased by 5.34% and profit after tax (PAT) dropped by -32.55% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended30 Jun 202331 Mar 202331 Mar 202231 Mar 2021
Assets1,317.921,419.901,295.26769.85
Total Income783.893,451.263,276.161,447.54
Profit After Tax94.39176.40261.5123.11
Net Worth328.70233.5442.57-228.37
Reserves and Surplus306.57211.4120.44-250.50
Total Borrowing292.69276.0684.24191.07
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)10045.31
Promoter Shareholding (Post-Issue)69.8333.28
P/E Ratio8.678.57
Market Cap₹99.81 Cr.₹38.62 Cr.
ROE78.64%127.77%
ROCE67.56%5.28%
Debt/Equity0.341.18
EPS₹16.03₹2.10
RoNW56.45%75.53%

Shares Offered

In the Kalyani Cast Tech IPO Retail Individual Investors (RII) are offered 6,32,000 shares while in Net Avenue Technologies IPO retail investors are offered 6,32,000 shares. Qualified Institutional Buyers (QIB) are offered 3,61,000 shares in Kalyani Cast Tech IPO and 10,80,000 shares in Net Avenue Technologies IPO.

 Kalyani Cast Tech IPONet Avenue Technologies IPO
Anchor Investor Reserveration5,40,000 shares16,16,000 shares
Market Maker Reserveration3,62,000 shares2,88,000 shares
QIB3,61,000 shares10,80,000 shares
NII2,71,000 shares8,16,000 shares
RII6,32,000 shares18,96,000 shares
Employee
Others
Total18,04,000 shares54,08,000 shares

Bids Received (Subscription)

Kalyani Cast Tech IPO subscribed 208.59x in total, whereas Net Avenue Technologies IPO subscribed 511.21x.

 Kalyani Cast Tech IPONet Avenue Technologies IPO
QIB (times)66.35x61.99x
NII (times)439.20x616.25x
Big NII (times)
Small NII (times)
RII (times)190.95x721.89x
Employee (times)
Other (times)
Total (times)208.59x511.21x