Bookbuilding IPO | ₹360 Cr | Listing at BSE, NSE |
Kay Jay Forgings Ltd. has filed a Draft Red Herring Prospectus (DRHP) with SEBI on March 30, 2026 to raise funds through Initial Public Offer (IPO).
Kay Jay Forgings Ltd. IPO is a Book Build Issue of ₹360.00 crores consisting of a fresh issue of shares worth Rs ₹300.00 crores and an offer for sale (OFS) of ₹60.00 crores.
The equity shares are proposed to be listed on NSE and BSE. PL Capital Markets Pvt.Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. Key details like IPO dates, IPO price bands and lot size are yet to be announced.
Refer to Kay Jay Forgings IPO DRHP for more details.
| IPO Date | [.] |
| Listing Date | [.] |
| Face Value | ₹5 per share |
| Price Band | |
| Lot Size | |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | [.] shares (agg. up to ₹360 Cr) |
| Fresh Issue | [.] shares (agg. up to ₹300 Cr) |
| Offer for Sale | [.] shares of ₹5 (agg. up to ₹60 Cr) |
| Share Holding Pre Issue | 4,59,75,360 shares |
| Description | Date |
|---|---|
| Filed with SEBI/Exchange | Mon, Mar 30, 2026 |
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Offer |
| Retail Shares Offered | Not less than 35% of the Net Offer |
| NII Shares Offered | Not less than 15% of the Net Offer |
Incorporated in 1983, Kay Jay Forgings Ltd. is a precision engineering company specializing in the integrated manufacturing of forged and machined components, primarily serving original equipment manufacturers (OEMs) in the automotive sector. In addition to automotive applications, the company also supply components for farm equipment, mining machinery, and electronic home appliances to both OEM and non-OEM customers.
As of September 30, 2025, it has a diversified portfolio of 286 products, including key components such as crankshaft and crankshaft assemblies, lower bracket assemblies, kick-starter and gear-shift lever assemblies, propeller shafts, door hinges, and steering yokes.
The company is a leading supplier of forged crankshaft and crankshaft assemblies for two-wheeler OEMs in India, with an estimated domestic market share of approximately 36% in Fiscal 2025. The business operates on a B2B supplier, delivering directly to customers across domestic and international markets. Over the recent periods, the company have served 44 customers, including leading companies such as TVS Motor, Honda Motorcycle & Scooter India, Mahindra & Mahindra, Bajajsons, Highway Roop Precision Technologies, and Narasipur Auto Components.
Competitive Strengths:
| Period Ended | 30 Sep 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 415.58 | 382.63 | 348.18 | 327.20 |
| Total Income | 467.05 | 752.21 | 675.58 | 604.85 |
| Profit After Tax | 21.36 | 29.02 | 24.13 | 13.81 |
| EBITDA | 44.56 | 71.50 | 64.71 | 50.09 |
| NET Worth | 184.22 | 162.87 | 134.17 | 110.44 |
| Reserves and Surplus | 161.23 | 161.43 | 132.74 | 109.01 |
| Total Borrowing | 83.81 | 101.88 | 111.37 | 142.32 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding the capital expenditure requirements of our Company towards: (a) Setting up of the Proposed Forging Facility (b) Setting up of the Proposed Machining Facility (c) Setting up of the Proposed Solar Plant | 118.80 |
| 2 | Repayment/ pre-payment, in full or in part, of certain borrowings | 90.51 |
| 3 | General corporate purposes | |
| Total | 209.31 |
| KPI | Sep 30, 2025 | Mar 31, 2025 |
|---|---|---|
| ROE | 11.59% | 17.81% |
| ROCE | 12.67% | 18.98% |
| Debt/Equity | 0.45 | 0.63 |
| RoNW | 17.98% | 17.81% |
| PAT Margin | 4.58% | 3.87% |
| EBITDA Margin | 9.56% | 9.53% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 99.87% |
Lead Manager Reports
Kay Jay Forgings IPO is a main-board IPO of 0 equity shares of the face value of ₹5 aggregating up to ₹360 Crores. The issue is priced at To be declared. The minimum order quantity is .
The Kay Jay Forgings IPO open and close dates are not available as of now.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Kay Jay Forgings IPO using UPI as a payment gateway. Zerodha customers can apply in Kay Jay Forgings IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Kay Jay Forgings IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Kay Jay Forgings IPO dates are not announced. Please check back again after some time.
Kay Jay Forgings IPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in Kay Jay Forgings 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 Kay Jay Forgings IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Kay Jay Forgings IPO allotment status.
The Kay Jay Forgings IPO listing date is not yet announced. The tentative date of listing is .
