Kalyani Cast Tech was incorporated on 26 September 2012. As a cargo container manufacturing company, it offers a wide range of castings, including finished components, and specializes in various types of cargo containers, such as ISO containers (20’, 25’, 40’, 42’) and other special containers, including dwarf containers, cuboid containers, and those for parcel cargo, as well as for two and three-wheelers
| Bidding Dates |
|---|
| 08 Nov 2023 - 10 Nov 2023 |
| Subscription |
|---|
| 162.37x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,39,000 | 1 | 1 | 1000 | 2.2 M | ₹137 - ₹139 | 69.83 % | ₹296.7 M - ₹301.1 M | RHP DOC |
Kalyani Cast-Tech IPO SUBSCRIPTION STATUS
10 Nov '23Kalyani Cast-Tech IPO overall subscription rate was 162.37 times the total available shares
Kalyani Cast-Tech IPO retail subscription rate was 190.95 times in the retail segment
Kalyani Cast-Tech IPO non-institutional investor subscription rate was 188.6 times in the non-institutional investor category
Kalyani Cast-Tech IPO Qualified Institutional Bidder subscription rate was 66.35 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
10 Nov 2023 (Day 3) | 190.95x | 188.6x | 66.35x |
09 Nov 2023 (Day 2) | 39.46x | 13.13x | 7.51x |
08 Nov 2023 (Day 1) | 7.8x | 1.73x | 3.52x |
Kalyani Cast-Tech FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) | Margins |
| Q1FY24 | 29.4 | 246.4 | 23.2 | 13.2 | 16.7% |
| FY23 | 80.4 | 632.7 | 40.3 | 35.8 | 18.4% |
| FY22 | 11.7 | 494.5 | 57.4 | 38.5 | 4.4% |
| FY21 | 3.5 | 112.0 | 3.8 | -1.1 | 7.4% |
Kalyani Cast-Tech IPO SUBSCRIPTION STATUS DETAILS
Kalyani Cast-Tech had 2.2 M shares on offer
Kalyani Cast-Tech IPO offer price was in the range ₹137 - ₹139
Kalyani Cast-Tech IPO minimum Investment was ₹139000
Kalyani Cast-Tech IPO issue size was ₹ 296.7 M - ₹ 301.1 M
Kalyani Cast-Tech had a minimum lot size of 1000 Shares per application
Kalyani Cast-Tech NUMBER OF SHARES ON OFFER
Kalyani Cast-Tech IPO IMPORTANT DATES
| Issue Open Date | 08 Nov 2023 |
| Issue close Date | 10 Nov 2023 |
| Allotment Date | 15 Nov 2023 |
| Refund Date | 16 Nov 2023 |
| Demat Account Credit Date | 17 Nov 2023 |
| Listing Date | 17 Nov 2023 |
| Listing on Exchange(s) | BSE |
| Kalyani Cast-Tech Allotment Status | Exchange |
Kalyani Cast-Tech IPO subscription opened on 08 Nov 2023, and closed on 10 Nov 2023
IPO allotment for Kalyani Cast-Tech was finalized on Wednesday, 15 Nov 2023
IPO listing for Kalyani Cast-Tech was on BSE on Friday, 17 Nov 2023
Kalyani Cast-Tech IPO LISTING GAINS
| Issue Price (adjusted) | 139.0 |
| Listing Open Price | 264.1 |
| Listing Close Price | 277.3 |
| Listing Gain% | 90.0% |
| Current Gain% | 451.0% |
Kalyani Cast-Tech Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Kalyani Cast-Tech Ltd. | 766 | 550 | 32.2 | 1.6 | 3.6 | 20.9 | 17.2 | 152.1 | 8.7 | 17.1 | 19.8 | 23.8 | 19.8 |
| Solar Industries India Ltd. | 18650 | 168764 | 100.6 | 2.6 | 17.2 | 26.7 | 15.4 | 9965.7 | 30.9 | 1677.6 | 38.7 | 185.4 | 38.7 |
| PTC Industries Ltd. | 19076 | 28599.7 | 281.6 | 4.2 | 47.4 | 6.7 | 5.2 | 643.3 | 88 | 101.6 | 66.4 | 67.7 | 66.4 |
| Inox India Ltd. | 1954.7 | 17741.5 | 69.6 | 8 | 11 | 23.1 | 12.8 | 1632.3 | 21.2 | 257.9 | 14.1 | 28.1 | 8.7 |
| Precision Wires India Ltd. | 413.8 | 7564.6 | 48.7 | 0.7 | 1.4 | 20.1 | 6.9 | 5463.4 | 35.4 | 155.3 | 72.4 | 8.5 | 72.4 |
| Kennametal India Ltd. | 3308.6 | 7271.7 | 52.5 | 1.5 | 5.4 | 13.8 | 10.6 | 1184.7 | 6.6 | 102.9 | -6.9 | 63 | 35.9 |
Kalyani Cast-Tech INFORMATION ON IPO ISSUE
About Kalyani Cast-Tech
Kalyani Cast Tech was incorporated on 26 September 2012. As a cargo container manufacturing company, it offers a wide range of castings, including finished components, and specializes in various types of cargo containers, such as ISO containers (20’, 25’, 40’, 42’) and other special containers, including dwarf containers, cuboid containers, and those for parcel cargo, as well as for two and three-wheelers
Object of the Issue
- Working capital requirements
- General corporate purposes
Kalyani Cast-Tech - PROMOTERS
| Name |
|---|
| Naresh Kumar |
| Javed Aslam |
| Nathmal Bangani |
| Kamala Kumari Jain |
| Muskan Bangani |
Kalyani Cast-Tech Lead Manager
Gretex Corporate Services Limited
info@gretexgroup.com
Kalyani Cast-Tech Registrar to the issue
Bigshare Services Private Limited
ipo@bigshareonline.com
Kalyani Cast-Tech Strengths
Well-developed distribution network
The company has developed and implemented a wide range of networking channels throughout the industry and society. This enhances its ability to identify the core customer base and design effective marketing strategies for procuring and liaising on projects, ultimately delivering customized solutions for clients
Quality assurance and control
The company enforces quality control by employing trained inspectors to oversee weld quality, sand/shot blasting surface quality, and final painting quality
Kalyani Cast-Tech Risks
Legal proceedings
There are outstanding legal proceedings involving the company, its promoters, directors, and group companies. Any adverse decision in such proceedings may have a material adverse effect on the business
Negative cash flow
The company has reported negative cash flow from investing activities for the period ending on June 30, 2023, as well as for the past three financial years. Additionally, it has experienced negative cash flow from financing activities in the financial years FY23, FY22, and FY21
IPO FAQs
The promoters of the company are Naresh Kumar, Javed Aslam, Nathmal Bangani, Kamala Kumari Jain and Muskan Bangani.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 137.0 - 139.0.
The IPO application opens on Nov 08, 2023 and closes on Nov 10, 2023.
The minimum lot size for the IPO is 1000. The maximum lot size for the IPO is 1000.
For all category investors, the minimum application amount for this IPO is Rs. 139,000.0, the maximum value for this IPO is Rs 139,000.0.
This IPO will be allotted on Nov 15, 2023.
The refund will be credited to your account on Nov 16, 2023.
The allotted shares will be credited to your demat on Nov 17, 2023.
Kalyani Cast-Tech Ltd.’s shares listed on the stock exchanges on Nov 17, 2023.