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Kalyani Cast Tech IPO vs Sheetal Universal IPO

Comparison between Kalyani Cast Tech IPO and Sheetal Universal IPO.

IPO Details

Kalyani Cast Tech IPO is a SME Fixed Price IPO proposed to list at BSE SME while Sheetal Universal IPO is a SME Fixed Price proposed to list at NSE SME.

 Kalyani Cast Tech IPOSheetal Universal IPO
LogoKalyani Cast Tech IPO LogoSheetal Universal IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeBookbuildingFixed Price
Listing AtBSE SMENSE SME
Lead ManagersGretex Corporate Services Ltd.Beeline Capital Advisors Pvt.Ltd.
RegistrarBigshare Services Pvt.Ltd.Bigshare Services Pvt.Ltd.
Market MakerGretex Share Broking Pvt.Ltd.Spread X Securities Pvt.Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Final ProspectusFinal Prospectus Final Prospectus
Anchor InvestorAnchor 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 Sheetal Universal IPO is up to ₹22.60 Cr. The final issue price of Kalyani Cast Tech IPO is ₹139.00 per share and of Sheetal Universal IPO is ₹70.00 per share.

 Kalyani Cast Tech IPOSheetal Universal IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹137.00 per share
Issue Price (Upper)₹139.00 per share
Issue Price (Final)₹139.00 per share₹70.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Market Lot Size1000 shares2000 shares
Fresh Issue Size18,04,000 shares32,28,000 shares
Fresh Issue Size (Amount)up to ₹25.08 Crup to ₹22.60 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total18,04,000 shares32,28,000 shares
Issue Size Total (Amount)up to ₹25.08 Crup to ₹22.60 Cr

IPO Timetable

Kalyani Cast Tech IPO opens on Nov 08, 2023, while Sheetal Universal IPO opens on Dec 04, 2023. The closing date of Kalyani Cast Tech IPO and Sheetal Universal IPO is Nov 10, 2023, and Dec 06, 2023, respectively.

 Kalyani Cast Tech IPOSheetal Universal IPO
Anchor Bid DateNov 07, 2023
Issue OpenNov 08, 2023Dec 04, 2023
Issue CloseNov 10, 2023Dec 06, 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 08, 2023
Listing date (Tentative)Nov 17, 2023Dec 11, 2023
Anchor Lockin End date 1Dec 13, 2023
Anchor Lockin End date 2Feb 11, 2024

Financials & KPIs

Kalyani Cast Tech IPO P/E ratio is 8.67, as compared to Sheetal Universal IPO P/E ratio of 27.34.

 Kalyani Cast Tech IPOSheetal Universal IPO
Financials

Company Financials (Restated)

Period Ended30 Jun 202331 Mar 202331 Mar 202231 Mar 2021
Assets30.5924.2016.0013.68
Total Income24.6863.3649.4711.35
Profit After Tax2.948.041.170.35
NET Worth17.1814.246.205.03
Reserves and Surplus12.169.231.190.01
Total Borrowing5.823.422.704.99
Amount in ₹ Crore

Company Financials (Restated Consolidated)

Period Ended31 Aug 202331 Mar 202331 Mar 202231 Mar 2021
Assets43.7028.0416.0312.72
Total Income58.27131.6639.8438.84
Profit After Tax1.881.990.280.25
NET Worth10.476.494.504.22
Reserves and Surplus2.412.991.000.72
Total Borrowing14.6313.569.856.25
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)100%95%
Promoter Shareholding (Post-Issue)69.83%66.81%
P/E Ratio8.6727.34
Market Cap₹99.81 Cr.₹80.19 Cr.
ROE78.6436.17
ROCE67.5621.59
Debt/Equity0.342.09
EPS₹16.03₹2.56
RoNW56.4530.63

Shares Offered

In the Kalyani Cast Tech IPO Retail Individual Investors (RII) are offered 6,32,000 shares while in Sheetal Universal 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 in Sheetal Universal IPO.

 Kalyani Cast Tech IPOSheetal Universal IPO
Anchor Investor Reservation5,40,000 shares
Market Maker Reservation3,62,000 shares1,72,000 shares
QIB3,61,000 shares
NII2,71,000 shares16,14,000 shares
RII6,32,000 shares16,14,000 shares
Total18,04,000 shares32,28,000 shares

Bids Received (Subscription)

Kalyani Cast Tech IPO subscribed 146.15x in total, whereas Sheetal Universal IPO subscribed 171.14x.

 Kalyani Cast Tech IPOSheetal Universal IPO
QIB (times)66.35x
NII (times)439.20x212.55x
RII (times)190.95x129.73x
Total (times)146.15x171.14x

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Compare:

Kalyani Cast Tech IPO Vs Sheetal Universal IPO