Bookbuilding IPO | ₹30 Cr | Listed at BSE SME | Wed, Nov 8, 2023 - Fri, Nov 10, 2023
Kalyani Cast Tech IPO is a book build issue of ₹30.11 crores. The issue is entirely a fresh issue of 0.22 crore shares of ₹30.11 crore.
Kalyani Cast Tech IPO bidding started from Nov 8, 2023 and ended on Nov 10, 2023. The allotment for Kalyani Cast Tech IPO was finalized on Nov 13, 2023. The shares got listed on BSE SME on Nov 17, 2023.
Kalyani Cast Tech IPO price band is set at ₹139 per share. The lot size for an application is 1,000. The minimum amount of investment required by an retail is ₹1,39,000 (1000 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (2,000 shares), amounting to ₹2,78,000.
Gretex Corporate Services Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Gretex Share Broking Pvt.Ltd..
Refer to Kalyani Cast Tech IPO RHP for detailed Information.
IPO Open
Wed, Nov 8, 2023
IPO Close
Fri, Nov 10, 2023
Issue Price
₹139 per share
Market Cap (Pre-IPO)
₹99.81 Cr
| IPO Date | 8 to 10 Nov, 2023 |
| Listed on | Fri, Nov 17, 2023 |
| Face Value | ₹10 per share |
| Price Band | ₹137 to ₹139 |
| Issue Price | ₹139 per share |
| Lot Size | 1,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Total Issue Size | 21,66,000 shares (agg. up to ₹30 Cr) |
| Reserved for Market Maker | 3,62,000 shares Gretex Share Broking Pvt.Ltd. (agg. up to ₹5 Cr) |
| Fresh Issue (Ex Market Maker) | 18,04,000 shares (agg. up to ₹25 Cr) |
| Net Offered to Public | 18,04,000 shares (agg. up to ₹25 Cr) |
| Share Holding Pre Issue | 50,14,500 shares |
| Share Holding Post Issue | 71,80,500 shares |
| BSE Script Code | 544023 |
| ISIN | INE0N6U01018 |
Kalyani Cast Tech IPO comprises a total issue size of 21,66,000 shares. The net offer to the public is 18,04,000 shares, after excluding 3,62,000 shares allotted on a firm basis. Of the Net offer 9,01,000 (49.94%) are allocated to QIB, 2,71,000 (15.02%) allocated to NII 6,32,000 (35.03%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 9,01,000 | 49.94% | 41.60% |
| − Anchor Investor Shares Offered | 5,40,000 | 24.93% | |
| − QIB (Ex. Anchor) Shares Offered | 3,61,000 | 16.67% | |
| NII (HNI) Shares Offered | 2,71,000 | 15.02% | 12.51% |
| Retail Shares Offered | 6,32,000 | 35.03% | 29.18% |
| Firm Reservations | |||
| Market Maker Shares Offered | 3,62,000 | 16.71% | |
| Total Shares Offered | 21,66,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 1,000 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,000 | ₹1,39,000 |
| Retail (Max) | 1 | 1,000 | ₹1,39,000 |
| HNI (Min) | 2 | 2,000 | ₹2,78,000 |
Kalyani Cast Tech IPO raises ₹7.51 crore from anchor investors. Kalyani Cast Tech IPO Anchor bid date is November 7, 2023.
📝 Anchor Investors Letter (PDF)
| Bid Date | Tue, Nov 7, 2023 |
| Shares Offered | 5,40,000 |
| Anchor Portion (₹ Cr.) | 7.51 |
| Anchor lock-in period end date for 50% shares (30 Days) | Wed, Dec 13, 2023 |
| Anchor lock-in period end date for remaining shares (90 Days) | Sun, Feb 11, 2024 |
Incorporated in 2012, Kalyani Cast Tech Ltd is engaged in the casting business with an in-house & machining facility. Kalyani Cast is engaged in the manufacturing of products such as Bearing housing for electrical loco, MG Coupler Components, Adapters for WDG4 Loco, CI Brake Blocks and so on.
The company specialize in manufacturing cargo containers, including ISO containers (20', 25', 40', 42') and custom containers for parcel cargo, two & three-wheelers, dwarf, and cuboid containers.
The company serve diverse clients including Indian railways, mining, cement, chemicals, fertilizer, and power plants.The competitive strength of the company includes:
| Period Ended | 30 Jun 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 30.59 | 24.20 | 16.00 | 13.68 |
| Total Income | 24.68 | 63.36 | 49.47 | 11.35 |
| Profit After Tax | 2.94 | 8.04 | 1.17 | 0.35 |
| NET Worth | 17.18 | 14.24 | 6.20 | 5.03 |
| Reserves and Surplus | 12.16 | 9.23 | 1.19 | 0.01 |
| Total Borrowing | 5.82 | 3.42 | 2.70 | 4.99 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Working Capital Requirements | 23.75 |
| 2 | General Corporate Purposes | 2.89 |
| KPI | |
|---|---|
| ROE | 78.64% |
| ROCE | 67.56% |
| Debt/Equity | 0.34 |
| RoNW | 56.45% |
| PAT Margin | 12.70% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 16.03 | |
| P/E (x) | 8.67 | 8.49 |
| Promoter Holding | 100% | 69.83% |
| Market Cap | ₹99.81 Cr. |
The Kalyani Cast Tech IPO is subscribed 208.59 times on November 10, 2023 7:02:00 PM (Day 3). The public issue subscribed 190.95 times in the retail category, 66.35 times in the QIB category, and 439.2 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 66.35 | 3,61,000 | 2,39,53,000 |
| NII* | 439.2 | 2,71,000 | 11,90,23,000 |
| Retail | 190.95 | 6,32,000 | 12,06,82,000 |
| Total | 208.59 | 12,64,000 | 26,36,58,000 |
Total Application : 1,58,014
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Payment to the Lead Manager | 0.25 |
| 2 | Underwriting Fees | 1.51 |
| 3 | Market Making Fees | 1.43 |
| 4 | Fees payable to Registrar to Issue | 0.01 |
| 5 | Fees to Legal Advisor | 0.02 |
| 6 | Advertisement Expenses | 0.04 |
| 7 | Fees payable to Regulators including Stock Exchange | 0.05 |
| 8 | Printing & Distribution Expenses | 0.01 |
| 9 | Marketing & Selling Expenses | 0.15 |
| 10 | Payment to Sponsor Bank | 0.01 |
| 11 | Statutory & Other Reports | 0.01 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹139.00 |
| Open | ₹264.10 |
| Low | ₹264.10 |
| High | ₹277.30 |
| Last Trade | ₹277.30 |
Lead Manager Reports
Kalyani Cast Tech IPO is a SME IPO of 21,66,000 equity shares of the face value of ₹10 aggregating up to ₹30 Crores. The issue is priced at ₹139 per share. The minimum order quantity is 1000.
The IPO opens on Wed, Nov 8, 2023, and closes on Fri, Nov 10, 2023.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Kalyani Cast Tech IPO using UPI as a payment gateway. Zerodha customers can apply in Kalyani Cast Tech IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Kalyani Cast Tech IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Kalyani Cast Tech IPO opens on Wed, Nov 8, 2023 and closes on Fri, Nov 10, 2023.
Kalyani Cast Tech IPO lot size is 1000, and the minimum amount required for application is ₹1,39,000.
You can apply in Kalyani Cast Tech IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Kalyani Cast Tech IPO will be done on Monday, November 13, 2023, and the allotted shares will be credited to your demat account by Fri, Nov 17, 2023. Check the Kalyani Cast Tech IPO allotment status.
The Kalyani Cast Tech IPO listing date is on Fri, Nov 17, 2023.
