Bookbuilding IPO | ₹28 Cr | Listed at BSE SME | Fri, Sep 26, 2025 - Tue, Sep 30, 2025
KVS Castings IPO is a book build issue of ₹27.83 crores. The issue is entirely a fresh issue of 0.50 crore shares of ₹27.83 crore.
KVS Castings IPO bidding started from Sep 26, 2025 and ended on Sep 30, 2025. The allotment for KVS Castings IPO was finalized on Oct 1, 2025. The shares got listed on BSE SME on Oct 6, 2025.
KVS Castings IPO price band is set at ₹56 per share. The lot size for an application is 2,000. The minimum amount of investment required by an individual investor (retail) is ₹2,24,000 (4,000 shares) (based on upper price). The minimum lot size for investment in HNI is 3 lots (6,000 shares), amounting to ₹3,36,000.
Narnolia Financial Services Ltd. is the book running lead manager and Skyline Financial Services Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Prabhat Financial Services Ltd..
Refer to KVS Castings IPO RHP for detailed Information.
IPO Open
Fri, Sep 26, 2025
IPO Close
Tue, Sep 30, 2025
Issue Price
₹56 per share
Market Cap (Pre-IPO)
₹105.02 Cr
| IPO Date | 26 to 30 Sep, 2025 |
| Listed on | Mon, Oct 6, 2025 |
| Face Value | ₹10 per share |
| Price Band | ₹53 to ₹56 |
| Issue Price | ₹56 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Total Issue Size | 49,70,000 shares (agg. up to ₹28 Cr) |
| Reserved for Market Maker | 2,54,000 shares Prabhat Financial Services Ltd. (agg. up to ₹1 Cr) |
| Fresh Issue (Ex Market Maker) | 47,16,000 shares (agg. up to ₹26 Cr) |
| Net Offered to Public | 47,16,000 shares (agg. up to ₹26 Cr) |
| Share Holding Pre Issue | 1,37,83,324 shares |
| Share Holding Post Issue | 1,87,53,324 shares |
| BSE Script Code | 544554 |
| ISIN | INE163701019 |
KVS Castings IPO comprises a total issue size of 49,70,000 shares. The net offer to the public is 47,16,000 shares, after excluding 2,54,000 shares allotted on a firm basis. Of the Net offer 23,52,000 (49.87%) are allocated to QIB, 7,08,000 (15.01%) allocated to NII 16,56,000 (35.11%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 23,52,000 | 49.87% | 47.32% |
| − Anchor Investor Shares Offered | 14,10,000 | 28.37% | |
| − QIB (Ex. Anchor) Shares Offered | 9,42,000 | 18.95% | |
| NII (HNI) Shares Offered | 7,08,000 | 15.01% | 14.25% |
| − bNII > ₹10L | 4,74,000 | 9.54% | |
| − sNII < ₹10L | 2,34,000 | 4.71% | |
| Retail Shares Offered | 16,56,000 | 35.11% | 33.32% |
| Firm Reservations | |||
| Market Maker Shares Offered | 2,54,000 | 5.11% | |
| Total Shares Offered | 49,70,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 4,000 shares and in multiples of 2,000 shares thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 4,000 | ₹2,24,000 |
| Individual investors (Retail) (Max) | 2 | 4,000 | ₹2,24,000 |
| S-HNI (Min) | 3 | 6,000 | ₹3,36,000 |
| S-HNI (Max) | 8 | 16,000 | ₹8,96,000 |
| B-HNI (Min) | 9 | 18,000 | ₹10,08,000 |
KVS Castings IPO raises ₹7.90 crore from anchor investors. KVS Castings IPO Anchor bid date is September 25, 2025.
📝 Anchor Investors Letter (PDF)
| Bid Date | Thu, Sep 25, 2025 |
| Shares Offered | 14,10,000 |
| Anchor Portion (₹ Cr.) | 7.90 |
| Anchor lock-in period end date for 50% shares (30 Days) | Wed, Nov 5, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | Sun, Jan 4, 2026 |
Incorporated in 2005, KVS Castings Limited is engaged in the manufacturing of cast iron, SG iron, alloy steel, and stainless steel castings.
The company specialises in producing components for the automobile, locomotive, and engineering sectors, emphasising innovation and adherence to quality standards.
The company offers a complete casting solution with over 150 products, including suspension brackets, brake drums, gearbox housing, pump bodies, oil filters, and more, made from cast iron to stainless steel.
Product Portfolio:
As of March 31, 2025, the Company has employed 121 permanent employees.
Competitive Strength:
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.
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 47.75 | 31.35 | 32.01 |
| Total Income | 50.43 | 54.70 | 57.51 |
| Profit After Tax | 6.63 | 5.95 | 4.84 |
| EBITDA | 9.84 | 9.00 | 7.51 |
| NET Worth | 34.45 | 25.79 | 19.83 |
| Reserves and Surplus | 20.67 | 25.46 | 19.51 |
| Total Borrowing | 3.72 | 0.58 | 4.98 |
| Amount in ₹ Crore | |||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Capital Expenditures | 21.50 |
| 2 | General Corporate Purposes | 2.71 |
| KPI | Mar 31, 2025 |
|---|---|
| ROE | 22% |
| ROCE | 23.78% |
| Debt/Equity | 0.11 |
| RoNW | 22% |
| PAT Margin | 13.22% |
| EBITDA Margin | 19.65% |
| Price to Book Value | 2.89 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 4.81 | 3.53 |
| P/E (x) | 11.65 | 15.85 |
| Promoter Holding | 96.55% | 70.96% |
| Market Cap | ₹105.02 Cr. |
The KVS Castings IPO is subscribed 4.09 times on September 30, 2025 5:04:53 PM (Day 3). The public issue subscribed 2.60 times in the individual investors category, 6.03 times in the QIB category, and 5.02 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for | Total Application |
|---|---|---|---|---|
| QIB (Ex Anchor) | 6.03 | 9,42,000 | 56,76,000 | 0 |
| NII* | 5.02 | 7,08,000 | 35,54,000 | 0 |
| bNII (bids above ₹10L) | 6.03 | 4,74,000 | 28,58,000 | |
| sNII (bids below ₹10L) | 2.97 | 2,34,000 | 6,96,000 | |
| Individual Investor | 2.60 | 16,56,000 | 43,04,000 | 0 |
| Total | 4.09 | 33,06,000 | 1,35,34,000 | 1,352 |
Total Application : 1,352
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Book Running Lead manager(s) fees including underwriting commission. | 2.00 |
| 2 | Brokerage, selling commission and upload fees | 0.01 |
| 3 | Registrars to the issue | 0.01 |
| 4 | Legal Advisors | 0.01 |
| 5 | Peer Review Auditor fees | 0.01 |
| 6 | Printng, Advertising and marketing expenses | 0.08 |
| 7 | Regulators including stock exchanges | 0.10 |
| 8 | Others, if any (Market Maker fees, Selling and Distribution Expenses, Marketing Expenses and other misc. expenses) | 1.40 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹56.00 |
| Open | ₹66.30 |
| Low | ₹66.30 |
| High | ₹69.61 |
| Last Trade | ₹69.61 |
Lead Manager Reports
KVS Castings IPO is a SME IPO of 49,70,000 equity shares of the face value of ₹10 aggregating up to ₹28 Crores. The issue is priced at ₹56 per share. The minimum order quantity is 2000.
The IPO opens on Fri, Sep 26, 2025, and closes on Tue, Sep 30, 2025.
Skyline Financial 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 KVS Castings IPO using UPI as a payment gateway. Zerodha customers can apply in KVS Castings IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in KVS Castings IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The KVS Castings IPO opens on Fri, Sep 26, 2025 and closes on Tue, Sep 30, 2025.
KVS Castings IPO lot size is 2000, and the minimum amount required for application is ₹2,24,000, with 2 lots being the minimum application size.
You can apply in KVS Castings 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 KVS Castings IPO will be done on Wednesday, October 1, 2025, and the allotted shares will be credited to your demat account by Fri, Oct 3, 2025. Check the KVS Castings IPO allotment status.
The KVS Castings IPO listing date is on Mon, Oct 6, 2025.
