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Kalyani Cast Tech IPO vs Swashthik Plascon IPO

Comparison between Kalyani Cast Tech IPO and Swashthik Plascon IPO.

IPO Details

Kalyani Cast Tech IPO is a SME Bookbuilding IPO proposed to list at BSE SME while Swashthik Plascon IPO is a SME Bookbuilding proposed to list at BSE SME.

 Kalyani Cast Tech IPOSwashthik Plascon IPO
LogoKalyani Cast Tech IPO LogoSwashthik Plascon IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeBookbuildingBookbuilding
Listing AtBSE SMEBSE SME
Lead ManagersGretex Corporate Services Ltd.Shreni Shares Ltd.
RegistrarBigshare Services Pvt.Ltd.Bigshare Services Pvt.Ltd.
Market MakerGretex Share Broking Pvt.Ltd.Nikunj Stock Brokers 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 Swashthik Plascon IPO is up to ₹38.71 Cr. The final issue price of Kalyani Cast Tech IPO is ₹139.00 per share and of Swashthik Plascon IPO is ₹86.00 per share.

 Kalyani Cast Tech IPOSwashthik Plascon IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹137.00 per share₹80.00 per share
Issue Price (Upper)₹139.00 per share₹86.00 per share
Issue Price (Final)₹139.00 per share₹86.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size1000 shares1600 shares
Fresh Issue Size18,04,000 shares45,00,800 shares
Fresh Issue Size (Amount)up to ₹25.08 Crup to ₹38.71 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total18,04,000 shares45,00,800 shares
Issue Size Total (Amount)up to ₹25.08 Crup to ₹38.71 Cr

IPO Timetable

Kalyani Cast Tech IPO opens on Nov 08, 2023, while Swashthik Plascon IPO opens on Nov 24, 2023. The closing date of Kalyani Cast Tech IPO and Swashthik Plascon IPO is Nov 10, 2023, and Nov 29, 2023, respectively.

 Kalyani Cast Tech IPOSwashthik Plascon IPO
Anchor Bid DateNov 07, 2023Nov 23, 2023
Issue OpenNov 08, 2023Nov 24, 2023
Issue CloseNov 10, 2023Nov 29, 2023
Basis Of Allotment (Tentative)Nov 13, 2023Dec 04, 2023
Initiation of Refunds (Tentative)Nov 15, 2023Dec 05, 2023
Credit of Share (Tentative)Nov 17, 2023Dec 05, 2023
Listing date (Tentative)Nov 17, 2023Dec 05, 2023
Anchor Lockin End date 1Dec 13, 2023Jan 03, 2024
Anchor Lockin End date 2Feb 11, 2024Mar 03, 2024

Financials & KPIs

Kalyani Cast Tech IPO P/E ratio is 8.67, as compared to Swashthik Plascon IPO P/E ratio of 17.23.

 Kalyani Cast Tech IPOSwashthik Plascon 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

Swashthik Plascon Limited Financial Information (Restated Consolidated)

Period Ended30 Sep 202331 Mar 2023
Assets11,416.0911,076.25
Total Income6,973.654,589.10
Profit After Tax528.48302.19
Net Worth2,564.072,037.09
Reserves and Surplus1,281.59754.61
Total Borrowing6,231.665,879.54
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)10060.00
Promoter Shareholding (Post-Issue)69.8343.81
P/E Ratio8.6717.23
Market Cap₹99.81 Cr.₹151.05 Cr.
ROE78.64%22.78%
ROCE67.56%17.30%
Debt/Equity0.342.89
EPS₹16.03₹4.99
RoNW56.45%14.95%

Shares Offered

In the Kalyani Cast Tech IPO Retail Individual Investors (RII) are offered 6,32,000 shares while in Swashthik Plascon 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 9,00,800 shares in Swashthik Plascon IPO.

 Kalyani Cast Tech IPOSwashthik Plascon IPO
Anchor Investor Reserveration5,40,000 shares13,48,800 shares
Market Maker Reserveration3,62,000 shares2,38,400 shares
QIB3,61,000 shares9,00,800 shares
NII2,71,000 shares6,75,200 shares
RII6,32,000 shares15,76,000 shares
Employee
Others
Total18,04,000 shares45,00,800 shares

Bids Received (Subscription)

Kalyani Cast Tech IPO subscribed 208.59x in total, whereas Swashthik Plascon IPO subscribed 15.43x.

 Kalyani Cast Tech IPOSwashthik Plascon IPO
QIB (times)66.35x3.42x
NII (times)439.20x35.76x
Big NII (times)
Small NII (times)
RII (times)190.95x13.58x
Employee (times)
Other (times)
Total (times)208.59x15.43x