Kalyani Cast Tech IPO GMP, Listing Dates, IPO Price Band, IPO Lot Size

The Kalyani Cast Tech IPO is on the horizon, set to kick off its subscription period on November 8, 2023, and wrap up on November 10, 2023. This BSE SME IPO has a targeted fundraising of ₹30.11 crores, achieved through a 100% fresh issue of 21,66,000 equity shares, each bearing a face value of ₹10. The IPO price band is set at ₹137 – ₹139 per share, with a market lot comprising 1000 shares. In terms of allocation, the Kalyani Cast Tech IPO is structured with 50% reserved for retail investors and the remaining 50% for high-net-worth individuals (HNI). Notably, allotment for the Kalyani Cast Tech IPO is scheduled for November 16, 2023, and the IPO is slated to be listed on November 17, 2023.

 

Kalyani Cast Tech Company Profile

Kalyani Cast-Tech Limited was established in the year 2012. Its initial foray into the business landscape began with the establishment of a foundry facility in Rewari, Haryana. This foundry facility is classified as Class A and specializes in the manufacturing of a wide range of products, including MG coupling components, CI brake blocks, adapters for WDG4 locomotives, bearing housings for electric locomotives, corner castings for container engines, hub traction motors, and more. The company caters to a diverse clientele that includes the Indian Railways, mining, cement, chemical and fertilizer industries, as well as power plants.

In 2018, recognizing an opportunity, the company diversified its operations by venturing into the manufacturing of freight containers. These containers found utility in the transportation of goods through India’s extensive rail network.

As a freight container manufacturer, Kalyani Cast-Tech Limited offers an extensive range of castings, including finished components. The company specializes in various types of freight containers, including ISO containers of varying sizes such as 20′, 25′, 40′, and 42′, along with other specialized containers like dwarf containers, cuboid containers, those designed for parcel freight, and containers suitable for two and three-wheelers.

Leveraging its wealth of experience, technical expertise, and state-of-the-art production facilities, Kalyani has earned a reputation as a trusted partner for its customers. The company has introduced innovative techniques such as the no-bake system for molding and has a fully automated sand plant that encompasses processes from sand preparation through beating, sieving, cooling, and mixing.

With the inception of its initial plant, Kalyani Cast-Tech Limited pioneered the concept of inline freight in India. Over nearly a decade, the company has seen remarkable growth, expanding not only its product portfolio but also its production facilities and internal planning and implementation capabilities. The outcome of this journey is a satisfied and loyal customer base that continually benefits from the company’s professional and reliable services.

 

Kalyani Cast Tech IPO GMP

 

Kalyani Cast Tech IPO Objectives

The funds raised through the IPO will be utilized for:

1. Augmenting additional working capital requirements
2. General Corporate Purposes

 

Kalyani Cast Tech IPO Key Details

• Kalyani Cast Tech IPO Open Date: November 8, 2023
• Kalyani Cast Tech IPO Close Date: November 10, 2023
• Kalyani Cast Tech IPO Size: Approximately ₹30.11 Crores, 21,66,000 Equity Shares
• Face Value: ₹10 Per Equity Share
• Kalyani Cast Tech IPO Price Band: ₹139 Per Equity Share
• Kalyani Cast Tech IPO Listing on: BSE SME
• Retail Quota: 50% of the net offer
• NII Quota: 50% of the net offer

 

Kalyani Cast Tech IPO Timeline

• Kalyani Cast Tech IPO Open Date: November 8, 2023
• Kalyani Cast Tech IPO Close Date: November 10, 2023
• Basis of Allotment: November 16, 2023
• Refunds: November 16, 2023
• Credit to Demat Account: November 16, 2023
• Kalyani Cast Tech IPO Listing Date: November 17, 2023

 

How to Apply for Kalyani Cast Tech IPO

Investors can apply for the Kalyani Cast Tech IPO through ASBA (Applications Supported by Blocked Amount) online via their bank accounts or by using the offline IPO forms, which can be downloaded from the NSE website.

 

Kalyani Cast Tech Financial Performance (in Crores)

• 2021: Revenue ₹11.35, Expense ₹11.01, Profit (PAT) ₹0.35
• 2022: Revenue ₹49.47, Expense ₹48.30, Profit (PAT) ₹1.17
• 2023: Revenue ₹63.36, Expense ₹55.32, Profit (PAT) ₹8.04
• 2023 (3M): Revenue ₹24.68, Expense ₹21.74, Profit (PAT) ₹2.94

 

Kalyani Cast Tech Valuation  FY2023

• Earnings Per Share (EPS): ₹16.03 per Equity Share
• Price/Earnings (P/E) Ratio: 8.67%
• Return on Net Worth (RoNW): 56.45%
• Net Asset Value (NAV): ₹28.40 per Equity Share

 

Kalyani Cast Tech Peer Group

• Texmaco Rail & Engineering Limited
• Titagarh Rail Systems Limited

 

Kalyani Cast Tech Company Promoters

• Mr Naresh Kumar
• Mr Javed Aslam
• Mr Nathmal Bangani
• Ms Kamala Kumari Jain
• Ms Muskan Bangani

 

Kalyani Cast Tech IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91226263 8200

Email: ipo@bigshareonline.com

Website: http://www.bigshareonline.com

 

Kalyani Cast Tech IPO Allotment Status Check

• Check the Kalyani Cast Tech IPO allotment status on the Bigshare website.

 

Kalyani Cast Tech IPO Lead Managers (Merchant Bankers)

• Gretex Corporate Services Limited

 

Kalyani Cast Tech Company Address

B-144 Second Floor DDA Shed Phase-1
Okhla Industrial Area Phase-1 New Delhi,
South Delhi, Delhi -110 020 India
Website: https://kalyanicasttech.com/
Phone: 011-26444400
Email: info@kalyanicasttech.com

 

Kalyani Cast Tech IPO FAQs

 

What is Kalyani Cast Tech IPO?

Kalyani Cast Tech IPO is an BSE SME IPO. They are going to raise ₹30.11 Crores via IPO. The issue is priced at ₹137 – ₹139 per equity share. The IPO is to be listed on BSE.

 

When Kalyani Cast Tech IPO will open?

The IPO is to open on November 8, 2023 for NII, and Retail Investors.

 

What is Kalyani Cast Tech IPO Investors Portion?

The investors’ portion for QIB is [.]%, NII is 50%, and Retail is 50%.

 

How to Apply the Kalyani Cast Tech IPO?

You can apply Kalyani Cast Tech IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.

 

How to Apply Kalyani Cast Tech IPO through Zerodha?

For those using Zerodha, the application process involves logging into the Zerodha Console, selecting the IPO under the Portfolio section, and then filling in the necessary details. Approval through a UPI app is also required. Opening a Demat Account with Zerodha may be necessary for some applicants. Open Demat Account with Zerodha.

 

How to Apply the Kalyani Cast Tech IPO through Alice Blue?

Alice Blue users can apply by logging into the Alice Blue application, selecting the IPO, and confirming their application. Similar to other methods, approval via a UPI app is required. Opening a Demat Account with Alice Blue may also be necessary. Open a Demat Account with Alice Blue.

 

How to Apply for the Kalyani Cast Tech IPO through Motilal Oswal?

Log in to Motilal Oswal Application with your credentials. Select the IPO. You will see the IPO Name. Click on the Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Motilal Oswal.

 

What is Kalyani Cast Tech IPO Size?

Kalyani Cast Tech IPO size is ₹30.11 crores.

 

What is Kalyani Cast Tech IPO Price Band?

Kalyani Cast Tech IPO Price Band is ₹137- ₹139 per equity share.

 

What is Kalyani Cast Tech IPO Minimum and Maximum Lot Size?

The IPO bid is 1000 shares with ₹139,000.

 

What is Kalyani Cast Tech IPO Allotment Date?

Kalyani Cast Tech IPO allotment date is November 16, 2023.

 

What is Kalyani Cast Tech IPO Listing Date?

Kalyani Cast Tech IPO listing date is November 17, 2023. The IPO to list on BSE SME.