Free Equity Delivery
Flat ₹10 per Trade in Intraday & F&O
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 ₹139.00 per share . The lot size for an application is 1,000. The minimum amount of investment required by an retail is ₹1,37,000 (1000 shares). The minimum lot size investment for 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 Date | November 8, 2023 to November 10, 2023 |
| Listing Date | November 17, 2023 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹137 to ₹139 per share |
| Issue Price Final | ₹139 per share |
| Lot Size | 1,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 21,66,000 shares (aggregating up to ₹30.11 Cr) |
| Reserved for Market Maker | 3,62,000 shares Gretex Share Broking Pvt.Ltd. (aggregating up to ₹5.03 Cr) |
| Net Offered to Public | 18,04,000 shares (aggregating up to ₹25.08 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 50,14,500 shares |
| Share Holding Post Issue | 71,80,500 shares |
Kalyani Cast Tech IPO offers total 21,66,000 shares. Out of which 9,01,000 (41.60%) allocated to QIB, 3,61,000 (16.67%) allocated to QIB, 2,71,000 (12.51%) allocated to NII, 6,32,000 (29.18%) allocated to RII and 5,40,000 (24.93%) allocated to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 3,62,000 (16.71%) |
| QIB Shares Offered | 9,01,000 (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 (12.51%) |
| Retail Shares Offered | 6,32,000 (29.18%) |
| Total Shares Offered | 21,66,000 (100.00%) |
Kalyani Cast Tech IPO raises ₹7.51 crore from anchor investors. Kalyani Cast Tech IPO Anchor bid date is November 7, 2023. Kalyani Cast Tech IPO Anchor Investors list
| Bid Date | November 7, 2023 |
| Shares Offered | 5,40,000 |
| Anchor Portion Size (In Cr.) | 7.51 |
| Anchor lock-in period end date for 50% shares (30 Days) | December 13, 2023 |
| Anchor lock-in period end date for remaining shares (90 Days) | February 11, 2024 |
Kalyani Cast Tech IPO opens on November 8, 2023, and closes on November 10, 2023.
| IPO Open Date | Wed, Nov 8, 2023 |
| IPO Close Date | Fri, Nov 10, 2023 |
| Tentative Allotment | Mon, Nov 13, 2023 |
| Initiation of Refunds | Wed, Nov 15, 2023 |
| Credit of Shares to Demat | Fri, Nov 17, 2023 |
| Tentative Listing Date | Fri, Nov 17, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Nov 10, 2023 |
Investors can bid for a minimum of 1,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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:
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 Ended | 30 Jun 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 3,059.18 | 2,420.19 | 1,599.54 | 1,367.88 |
| Total Income | 2,467.85 | 6,336.46 | 4,947.12 | 1,135.26 |
| Profit After Tax | 293.64 | 803.79 | 117.33 | 35.36 |
| Net Worth | 1,717.65 | 1,424.01 | 620.22 | 502.89 |
| Reserves and Surplus | 1,216.20 | 922.56 | 118.77 | 1.44 |
| Total Borrowing | 581.92 | 342.05 | 269.87 | 498.54 |
| Amount in ₹ Lakhs | ||||
The market capitalization of Kalyani Cast Tech IPO is ₹99.81 Cr.
| KPI | Values |
|---|---|
| ROE | 78.64% |
| ROCE | 67.56% |
| Debt/Equity | 0.34 |
| RoNW | 56.45% |
The company intends to utilize the Net Fresh Issue Proceeds for the following Objects
a) Working Capital Requirements
b) General Corporate Purposes.
[Dilip Davda] The company is in highly competitive segment of castings and containers primarily for railways. The margins posted for the last 15 months’ raises eyebrows and concern over the sustainability. Based on FY24 super annualized earnings, the issue appears reasonably priced. However, the sustainability of such margins remains a major concern. Well-informed investors may park moderate funds for the long-term rewards. Read detail review...
| Listing Date | November 17, 2023 |
| BSE Script Code | 544023 |
| NSE Symbol | |
| ISIN | INE0N6U01018 |
| Final Issue Price | ₹139 per share |
| BSE Listing Group | M |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹139.00 |
| Open | ₹264.10 |
| Low | ₹264.10 |
| High | ₹277.30 |
| Last Trade | ₹277.30 |
Kalyani Cast Tech Ltd.
B-144 Second Floor
DDA Shed Phase-1, Okhla Industrial Area
Phase-1 New Delhi, South Delhi, 110020
Delhi, New Delhi
Phone: 011-26444400
Email: info@kalyanicasttech.com
Website: https://kalyanicasttech.com/
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Kalyani Cast Tech IPO is a SME IPO of 21,66,000 equity shares of the face value of ₹10 aggregating up to ₹30.11 Crores. The issue is priced at ₹139 per share. The minimum order quantity is 1000.
The IPO opens on November 8, 2023, and closes on November 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 November 8, 2023 and closes on November 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 Friday, November 17, 2023. Check the Kalyani Cast Tech IPO allotment status.
The Kalyani Cast Tech IPO listing date is on Friday, November 17, 2023.
Useful Articles
RHP