Kalyani Cast IPO : Kalyani Cast Tech Ltd IPO Details

The Indian financial market is abuzz with the upcoming Initial Public Offering (IPO) of Kalyani Cast Tech Limited, a company engaged in the casting business. This IPO is set to raise a fresh issue of 21.66 lakh shares, aggregating up to ₹30.11 crores. In this blog, we will delve into the details of the Kalyani Cast Tech IPO, its financial performance, objectives, and what potential investors can expect from this offering.

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Kalyani Cast Tech IPO Overview:

IPO DetailsKalyani Cast Tech IPO Details
IPO DateNov 8, 2023 – Nov 10, 2023
Basis of AllotmentNov 16, 2023
Listing DateNov 21, 2023
Face Value₹10 per share
Price Band₹137 – ₹139 per share
Lot Size1000 Shares
Total Issue Size2,166,000 shares
Fresh Issue2,166,000 shares
Issue TypeBook Built Issue IPO
Listing AtBSE SME
Shareholding Pre Issue5,014,500
Shareholding Post Issue7,180,500
Market Maker Portion362,000 shares

Also Read: Kalyani Cast Tech IPO GMP Today

Kalyani Cast Tech IPO Lot Size:

Investors can bid for a minimum of 1000 shares and in multiples thereof. Here’s a breakdown of the minimum and maximum investments for retail investors and High Net Worth Individuals (HNIs):

  • Retail (Min): 1 Lot – 1000 Shares – ₹139,000
  • Retail (Max): 1 Lot – 1000 Shares – ₹139,000
  • HNI (Min): 2 Lots – 2,000 Shares – ₹278,000

Kalyani Cast Tech Promoter Holding:

The promoters of Kalyani Cast Tech Ltd are Mr. Naresh Kumar, Mr. Javed Aslam, Mr. Nathmal Bangani, Ms. Kamala Kumari Jain, and Ms. Muskan Bangani. The shareholding pre-issue is 100%, and post-issue, it will be 69.83%.

Also Read: IPO Subscription Status Live Today

Kalyani Cast Tech Financial Performance:

Kalyani Cast Tech Ltd has shown promising growth in its financial performance. Between the financial years ending with March 31, 2023, and March 31, 2022, the company’s revenue increased by 28.08%, and its profit after tax (PAT) rose by a staggering 585.07%. These impressive figures indicate the company’s ability to generate profits and create value for its shareholders.

Kalyani Cast Tech IPO Objectives:

The proceeds from the fresh issue in this IPO will be used for the following objectives:

  • Working Capital Requirements: Ensuring the smooth functioning of day-to-day operations and supporting business growth.
  • General Corporate Purposes: This can include various corporate needs, such as marketing, research and development, and strategic investments.

About Kalyani Cast Tech Ltd:

Incorporated in 2012, Kalyani Cast Tech Ltd is engaged in the casting business with an in-house machining facility. The company manufactures a range of products, including bearing housing for electrical locomotives, MG Coupler Components, Adapters for WDG4 Locomotives, CI Brake Blocks, and more.

One of their specialties is the manufacturing of cargo containers, including ISO containers (20′, 25′, 40′, 42′) and custom containers for various cargo types. They serve a diverse clientele, including Indian railways, mining, cement, chemicals, fertilizer, and power plants.

Kalyani Cast Tech Websitehttps://kalyanicasttech.com/
Email[email protected]
Kalyani Cast Tech Ltd IPO

Kalyani Cast Tech Competitive Strengths:

Kalyani Cast Tech boasts several competitive strengths:

  • Experienced Promoter and Management Team: The company’s leadership is experienced and well-equipped to steer the company toward growth and success.
  • Effective Networking Channels: The company uses its networking channels to identify its core customers and create marketing strategies for customized solutions.
  • Exceptional Services: Setting itself apart from competitors, Kalyani Cast Tech provides exceptional services, ensuring customer satisfaction and loyalty.

Kalyani Cast Tech IPO Registrar:

The registrar for the Kalyani Cast Tech IPO is Bigshare Services Pvt Ltd. For inquiries, you can contact them via phone at +91-22-6263 8200 or email at [email protected]. You can also visit their website at https://ipo.bigshareonline.com/ipo_status.html.

Kalyani Cast Tech Lead Manager(s):

The lead manager for the Kalyani Cast Tech IPO is Gretex Corporate Services Limited.

As the IPO market continues to heat up in India, Kalyani Cast Tech’s upcoming offering is attracting attention with its strong financial performance and promising growth prospects. It will be interesting to see how the company performs after listing and whether it can live up to the expectations of investors. For those considering participating in this IPO, conducting thorough research and due diligence is crucial to make informed investment decisions.

FAQs

  1. When does the Kalyani Cast Tech IPO open and close for subscription?

    The Kalyani Cast Tech IPO opens on November 8, 2023, and closes on November 10, 2023.

  2. What is the minimum lot size for an application in the Kalyani Cast Tech IPO?

    The minimum lot size is 1000 shares.

  3. What is the minimum investment required by retail investors in the Kalyani Cast Tech IPO?

    Retail investors need a minimum investment of ₹139,000.

  4. What are the main objectives of the funds raised through the Kalyani Cast Tech IPO?

    The primary objectives are working capital requirements and general corporate purposes.

  5. When is the listing date for Kalyani Cast Tech IPO?

    The Kalyani Cast Tech IPO will be listed on BSE SME with a tentative listing date of November 21, 2023.

  6. Who is the registrar for the Kalyani Cast Tech IPO?

    Bigshare Services Pvt Ltd is the registrar for the IPO.

  7. When is the allotment date for the Kalyani Cast Tech IPO?

    Allotment for the Kalyani Cast Tech IPO is expected to be finalized on Thursday, November 16, 2023.

  8. What is the price band for Kalyani Cast Tech IPO shares?

    The price band for Kalyani Cast Tech IPO shares is set at ₹137 to ₹139 per share.

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