Comparison between KVS Castings IPO and Spinaroo Commercial IPO.
KVS Castings IPO is a SME Fixed Price IPO proposed to list at BSE SME while Spinaroo Commercial IPO is a SME Fixed Price proposed to list at BSE SME.
| KVS Castings IPO | Spinaroo Commercial IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Bookbuilding | Fixed Price |
| Listing At | BSE SME | BSE SME |
| Lead Managers | Narnolia Financial Services Ltd. | Finshore Management Services Ltd. |
| Registrar | Skyline Financial Services Pvt.Ltd. | Cameo Corporate Services Ltd. |
| Market Maker | Prabhat Financial Services Ltd. | Black Fox Financial Pvt.Ltd. |
| DRHP | DRHP  | DRHP |
| RHP | RHP | RHP |
| Final Prospectus | Final Prospectus | Final Prospectus |
| Anchor Investor | Anchor Investor | |
| IPO Allotment URL | IPO Allotment URL | IPO Allotment URL |
The total issue size of KVS Castings IPO is up to ₹26.41 Cr whereas the issue size of the Spinaroo Commercial IPO is up to ₹9.66 Cr. The final issue price of KVS Castings IPO is ₹56.00 per share and of Spinaroo Commercial IPO is ₹51.00 per share.
| KVS Castings IPO | Spinaroo Commercial IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ₹53.00 per share | |
| Issue Price (Upper) | ₹56.00 per share | |
| Issue Price (Final) | ₹56.00 per share | ₹51.00 per share |
| Discount (Retail) | ||
| Discount (Employee) | ||
| Market Lot Size | 2000 shares | 2000 shares |
| Fresh Issue Size | 47,16,000 shares | 18,94,000 shares |
| Fresh Issue Size (Amount) | up to ₹26.41 Cr | up to ₹9.66 Cr |
| OFS Issue Size | 0 shares | 0 shares |
| OFS Issue Size (Amount) | up to ₹0.00 Cr | up to ₹0.00 Cr |
| Issue Size Total | 47,16,000 shares | 18,94,000 shares |
| Issue Size Total (Amount) | up to ₹26.41 Cr | up to ₹9.66 Cr |
KVS Castings IPO opens on Sep 26, 2025, while Spinaroo Commercial IPO opens on Mar 28, 2025. The closing date of KVS Castings IPO and Spinaroo Commercial IPO is Sep 30, 2025, and Apr 03, 2025, respectively.
| KVS Castings IPO | Spinaroo Commercial IPO | |
|---|---|---|
| Anchor Bid Date | Sep 25, 2025 | |
| Issue Open | Sep 26, 2025 | Mar 28, 2025 |
| Issue Close | Sep 30, 2025 | Apr 03, 2025 |
| Basis Of Allotment (Tentative) | Oct 01, 2025 | Apr 04, 2025 |
| Initiation of Refunds (Tentative) | Oct 03, 2025 | Apr 07, 2025 |
| Credit of Share (Tentative) | Oct 03, 2025 | Apr 07, 2025 |
| Listing date (Tentative) | Oct 06, 2025 | Apr 08, 2025 |
| Anchor Lockin End date 1 | Nov 05, 2025 | |
| Anchor Lockin End date 2 | Jan 04, 2026 |
KVS Castings IPO P/E ratio is 11.65, as compared to Spinaroo Commercial IPO P/E ratio of 18.21.
| KVS Castings IPO | Spinaroo Commercial IPO | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Company Financials (Restated)KVS Castings Ltd.'s revenue decreased by 8% and profit after tax (PAT) rose by 11% between the financial year ending with March 31, 2025 and March 31, 2024.
| Company Financials (Restated Standalone)
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Pre-Issue) | 96.55 | 66.67 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 70.96 | 47.66 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 11.65 | 18.21 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹105.02 Cr. | ₹35.67 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 22 | 23.23 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 23.78 | 37.58 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 0.11 | 1.25 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹4.81 | ₹2.80 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 22 | 23.23 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the KVS Castings IPO Retail Individual Investors (RII) are offered 16,56,000 shares while in Spinaroo Commercial IPO retail investors are offered 16,56,000 shares. Qualified Institutional Buyers (QIB) are offered 9,42,000 shares in KVS Castings IPO and 0 shares in Spinaroo Commercial IPO.
| KVS Castings IPO | Spinaroo Commercial IPO | |
|---|---|---|
| Anchor Investor Reservation | 14,10,000 shares | 0 shares |
| Market Maker Reservation | 2,54,000 shares | 1,00,000 shares |
| QIB | 9,42,000 shares | 0 shares |
| NII | 7,08,000 shares | 9,46,000 shares |
| RII | 16,56,000 shares | 9,48,000 shares |
| Employee | 0 shares | 0 shares |
| Others | ||
| Total | 47,16,000 shares | 18,94,000 shares |
KVS Castings IPO subscribed 4.09x in total, whereas Spinaroo Commercial IPO subscribed 1.52x.
| KVS Castings IPO | Spinaroo Commercial IPO | |
|---|---|---|
| QIB (times) | 6.03x | |
| NII (times) | 5.02x | 1.84x |
| Big NII (times) | 6.03x | |
| Small NII (times) | 2.97x | |
| RII (times) | 2.60x | 1.20x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 4.09x | 1.52x |
