Comparison between KVS Castings IPO and Renol Polychem IPO.
KVS Castings IPO is a SME Bookbuilding IPO proposed to list at BSE SME while Renol Polychem IPO is a SME Bookbuilding proposed to list at NSE SME.
| KVS Castings IPO | Renol Polychem IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Bookbuilding | Bookbuilding |
| Listing At | BSE SME | NSE SME |
| Lead Managers | Narnolia Financial Services Ltd. | Corporate Makers Capital Ltd. |
| Registrar | Skyline Financial Services Pvt.Ltd. | Skyline Financial Services Pvt.Ltd. |
| Market Maker | Prabhat Financial Services Ltd. | Asnani Stock Broker Pvt.Ltd. |
| DRHP | DRHP  | DRHP |
| RHP | RHP | RHP |
| Final Prospectus | Final Prospectus | Final Prospectus |
| Anchor Investor | 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 Renol Polychem IPO is up to ₹24.20 Cr. The final issue price of KVS Castings IPO is ₹56.00 per share and of Renol Polychem IPO is ₹105.00 per share.
| KVS Castings IPO | Renol Polychem IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ₹53.00 per share | ₹100.00 per share |
| Issue Price (Upper) | ₹56.00 per share | ₹105.00 per share |
| Issue Price (Final) | ₹56.00 per share | ₹105.00 per share |
| Discount (Retail) | ||
| Discount (Employee) | ||
| Market Lot Size | 2000 shares | 1200 shares |
| Fresh Issue Size | 47,16,000 shares | 23,05,200 shares |
| Fresh Issue Size (Amount) | up to ₹26.41 Cr | up to ₹24.20 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 | 23,05,200 shares |
| Issue Size Total (Amount) | up to ₹26.41 Cr | up to ₹24.20 Cr |
KVS Castings IPO opens on Sep 26, 2025, while Renol Polychem IPO opens on Jul 31, 2025. The closing date of KVS Castings IPO and Renol Polychem IPO is Sep 30, 2025, and Aug 04, 2025, respectively.
| KVS Castings IPO | Renol Polychem IPO | |
|---|---|---|
| Anchor Bid Date | Sep 25, 2025 | Jul 30, 2025 |
| Issue Open | Sep 26, 2025 | Jul 31, 2025 |
| Issue Close | Sep 30, 2025 | Aug 04, 2025 |
| Basis Of Allotment (Tentative) | Oct 01, 2025 | Aug 05, 2025 |
| Initiation of Refunds (Tentative) | Oct 03, 2025 | Aug 06, 2025 |
| Credit of Share (Tentative) | Oct 03, 2025 | Aug 06, 2025 |
| Listing date (Tentative) | Oct 06, 2025 | Aug 07, 2025 |
| Anchor Lockin End date 1 | Nov 05, 2025 | Sep 04, 2025 |
| Anchor Lockin End date 2 | Jan 04, 2026 | Nov 03, 2025 |
KVS Castings IPO P/E ratio is 11.65, as compared to Renol Polychem IPO P/E ratio of 11.54.
| KVS Castings IPO | Renol Polychem 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)Renol Polychem Ltd.'s revenue increased by 859% and profit after tax (PAT) rose by 226% between the financial year ending with March 31, 2025 and March 31, 2024.
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Pre-Issue) | 96.55 | 99.99 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 70.96 | 69.11 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 11.65 | 11.54 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹105.02 Cr. | ₹83.41 Cr. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 22 | 45.37 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 23.78 | 64.18 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 0.11 | 0.52 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹4.81 | ₹9.10 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 22 | 45.37 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the KVS Castings IPO Retail Individual Investors (RII) are offered 16,56,000 shares while in Renol Polychem IPO retail investors are offered 16,56,000 shares. Qualified Institutional Buyers (QIB) are offered 9,42,000 shares in KVS Castings IPO and 2,56,800 shares in Renol Polychem IPO.
| KVS Castings IPO | Renol Polychem IPO | |
|---|---|---|
| Anchor Investor Reservation | 14,10,000 shares | 3,84,000 shares |
| Market Maker Reservation | 2,54,000 shares | 1,48,800 shares |
| QIB | 9,42,000 shares | 2,56,800 shares |
| NII | 7,08,000 shares | 3,49,200 shares |
| RII | 16,56,000 shares | 13,15,200 shares |
| Employee | 0 shares | 0 shares |
| Others | ||
| Total | 47,16,000 shares | 23,05,200 shares |
KVS Castings IPO subscribed 4.09x in total, whereas Renol Polychem IPO subscribed 6.83x.
| KVS Castings IPO | Renol Polychem IPO | |
|---|---|---|
| QIB (times) | 6.03x | 8.41x |
| NII (times) | 5.02x | 6.89x |
| Big NII (times) | 6.03x | 7.21x |
| Small NII (times) | 2.97x | 6.25x |
| RII (times) | 2.60x | 6.51x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 4.09x | 6.83x |
