Kalyani Cast Tech IPO GMP Today

Kalyani Cast Tech IPO GMP: Kalyani Cast-Tech Limited, a renowned manufacturer of freight containers and castings, is all set to launch its SME IPO on the BSE SME platform. The IPO, featuring a total size of Rs 30.11 Crores, is generating significant buzz in the grey market ahead of its official listing. As the IPO application window opens from November 8 to November 10, 2023, potential investors are keenly observing the Grey Market Premium (GMP) as an indicator of its future performance.

Kalyani Cast Tech IPO GMP

The Grey Market Premium (GMP) for Kalyani Cast Tech SME IPO has been gaining momentum as the IPO launch date approaches. The GMP is a significant metric in the unofficial grey market, offering insights into the potential listing price of the IPO. Here is a snapshot of the GMP for Kalyani Cast Tech IPO in recent days: [Last Updated: 17 Nov, 2023; 09:20]

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GMP DateIPO PriceGMPSub2 Sauda RateEstimated Listing Price
17-11-2023₹139₹9572200₹234 (68.35%)
16-11-2023₹139₹9572200₹234 (68.35%)
15-11-2023₹139₹9068400₹229 (64.75%)
14-11-2023₹139₹8564600₹224 (61.15%)
13-11-2023₹139₹8564600₹224 (61.15%)
12-11-2023₹139₹8564600₹224 (61.15%)
11-11-2023₹139₹8564600₹224 (61.15%)
10-11-2023₹139₹8564600₹224 (61.15%)
09-11-2023₹139₹8564600₹224 (61.15%)
08-11-2023₹139₹5030400₹189 (35.97%)
07-11-2023₹139₹5030400₹189 (35.97%)
06-11-2023₹139₹4030400₹179 (28.78%)
05-11-2023₹139₹107600₹149 (7.19%)

The Grey Market Premium indicates a strong positive sentiment among potential investors, with an estimated listing price that suggests a potential profit. However, it’s essential to remember that the GMP is subject to high volatility and may not always reflect the actual market performance post-listing. Therefore, investors are advised to consider all factors before making an investment decision regarding Kalyani Cast Tech SME IPO.

About Kalyani Cast Tech

Kalyani Cast-Tech Limited, established in 2012, initially ventured into the foundry business, operating a Class A foundry in Rewari, Haryana. The company’s product range includes MG coupling components, CI brake blocks, adapters for WDG4 locomotives, bearing housings for electric locomotives, corner castings for container engines, and hub traction motors. Kalyani Cast-Tech serves a diverse clientele, including the Indian Railways, mining, cement, chemical and fertilizer industries, and power plants.

In 2018, recognizing an opportunity, the company expanded into the manufacturing of containers for railroad transportation, adding a new dimension to its business. Kalyani Cast-Tech offers a wide array of castings, including various types of freight containers such as ISO containers of different sizes, special containers for specific needs, and containers for two and three-wheelers. The company boasts state-of-the-art production facilities and advanced technology, making it a reliable partner for its customers.

Kalyani Cast Tech IPO Strengths

  • Experienced Promote and Management Team
  • Integrated manufacturing facility
  • Well-developed distribution network
  • Quality Assurance and Control

For more information, you can visit Kalyani Cast-Tech Limited’s official website: Kalyani Cast Tech

Kalyani Cast Tech IPO Dates

Here are the important dates related to Kalyani Cast Tech SME IPO:

  • IPO Open Date: November 8, 2023
  • IPO Close Date: November 10, 2023
  • Basis of Allotment Finalization Date: November 16, 2023
  • Refunds Initiation Date: November 17, 2023
  • Credit of Shares to Demat Account: November 20, 2023
  • IPO Listing Date: November 21, 2023

Investors are encouraged to stay informed and consider their investment decisions carefully, given the current market conditions and the positive GMP associated with Kalyani Cast Tech SME IPO.

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