KVS Castings was incorporated on August 20, 2005. The company specializes in manufacturing quality ferrous castings, including Cast Iron and Ductile Iron products. With a portfolio of 150+ items like suspension brackets, brake drums, and pump bodies, it offers complete casting solutions under one roof
| Bidding Dates |
|---|
| 26 Sep 2025 - 30 Sep 2025 |
| Subscription |
|---|
| 3.88x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹2,12,000 | 2 | 2 | 2000 | 5.0 M | ₹53 - ₹56 | 70.96 % | ₹263.4 M - ₹278.3 M | RHP DOC |
KVS Castings IPO SUBSCRIPTION STATUS
30 Sep '25KVS Castings IPO overall subscription rate was 3.88 times the total available shares
KVS Castings IPO retail subscription rate was 3.46 times in the retail segment
KVS Castings IPO non-institutional investor subscription rate was 7.13 times in the non-institutional investor category
KVS Castings IPO Qualified Institutional Bidder subscription rate was 3.19 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
30 Sep 2025 (Day 3) | 3.46x | 7.13x | 3.19x |
29 Sep 2025 (Day 2) | 0.79x | 1.46x | 0x |
26 Sep 2025 (Day 1) | 0.07x | 0.15x | 0x |
KVS Castings FINANCIALS
| Period | Revenue from Operations (Rs in crore) | Net Profit (Rs in crore) | Cash Flow from Operations (Rs in crore) | Free Cash Flow (Rs in crore) | Margins |
| FY25 | 50.1 | 6.6 | 10.5 | 3.9 | 19.7% |
| FY24 | 54.2 | 6.0 | 5.1 | 4.2 | 16.6% |
| FY23 | 57.3 | 4.8 | 3.2 | 1.9 | 13.1% |
KVS Castings IPO SUBSCRIPTION STATUS DETAILS
KVS Castings had 5.0 M shares on offer
KVS Castings IPO offer price was in the range ₹53 - ₹56
KVS Castings IPO minimum Investment was ₹212000
KVS Castings IPO issue size was ₹ 263.4 M - ₹ 278.3 M
KVS Castings had a minimum lot size of 2000 Shares per application
KVS Castings NUMBER OF SHARES ON OFFER
KVS Castings IPO IMPORTANT DATES
| Issue Open Date | 26 Sep 2025 |
| Issue close Date | 30 Sep 2025 |
| Allotment Date | 01 Oct 2025 |
| Refund Date | 03 Oct 2025 |
| Demat Account Credit Date | 03 Oct 2025 |
| Listing Date | 06 Oct 2025 |
| Listing on Exchange(s) | BSE |
| KVS Castings Allotment Status | Exchange/ Registrar |
KVS Castings IPO subscription opened on 26 Sep 2025, and closed on 30 Sep 2025
IPO allotment for KVS Castings was finalized on Wednesday, 01 Oct 2025
IPO listing for KVS Castings was on BSE on Monday, 06 Oct 2025
KVS Castings IPO LISTING GAINS
| Issue Price (adjusted) | 56.0 |
| Listing Open Price | 66.3 |
| Listing Close Price | 69.6 |
| Listing Gain% | 18.4% |
| Current Gain% | 15.6% |
KVS Castings 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 % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| KVS Castings Ltd. | 64.7 | 121.4 | 17.2 | 2.7 | 2.4 | 10.8 | 7 | 51.4 | 2 | 7.1 | 6.5 | 3.8 | 6.5 |
| Samvardhana Motherson International Ltd. | 168 | 177304.1 | 40.5 | 1.3 | 1.4 | 9.4 | 3.5 | 126414.2 | 10.7 | 3859.7 | 1.5 | 4.1 | 31.9 |
| Bosch Ltd. | 43505 | 128322.8 | 54.3 | -4.8 | 6.1 | 18.7 | 12.8 | 20888.7 | 10.5 | 2773.2 | 37.6 | 801.2 | -11.3 |
| UNO Minda Ltd. | 1288 | 74377.8 | 61.9 | 3.8 | 3.6 | 17.5 | 8.7 | 19692 | 17.2 | 1197.1 | 27 | 20.8 | 16.2 |
| Tube Investments of India Ltd. | 2815 | 54490.6 | 85.6 | -16.3 | 2.4 | 8.2 | 3 | 23234.6 | 17.1 | 636.8 | -5.5 | 32.9 | -5.3 |
| Sona BLW Precision Forgings Ltd. | 812.5 | 50663.7 | 72.8 | 3.8 | 10.3 | 10.7 | 8.6 | 4572.1 | 24.2 | 640.2 | 6.5 | 11.2 | 19.2 |
KVS Castings INFORMATION ON IPO ISSUE
About KVS Castings
KVS Castings was incorporated on August 20, 2005. The company specializes in manufacturing quality ferrous castings, including Cast Iron and Ductile Iron products. With a portfolio of 150+ items like suspension brackets, brake drums, and pump bodies, it offers complete casting solutions under one roof
Object of the Issue
- To meet out the capital expenditures
- To meet general corporate expenses
KVS Castings - PROMOTERS
| Name |
|---|
| Arpan Jindal |
| Devendra Kumar Agarwal |
| Rekha Agarwal |
| Venu Jindal |
| Kumaun Garhwal Infrastructural Industrial Corporation Private Limited |
KVS Castings - MANAGEMENT & LEADERSHIP
| Name | Designation |
|---|---|
| Arpan Jindal | Managing Director |
| Devendra Kumar Agarwal | Non-Executive Director |
| Rekha Agarwal | Non-Executive Director |
| Venu Jindal | Non-Executive Director |
| Puneet Mohindra | Non-Executive Director |
| Jaswinder Singh Ahluwalia | Independent Director |
| Madhup Misra | Independent Director |
| Sudhir Agarwal | Additional Independent Director |
KVS Castings Book Running Lead Manager
Narnolia Financial Services Limited
ipo@narnolia.com
KVS Castings Registrar to the issue
Skyline Financial Services Private Limited
compliances@skylinerta.com
KVS Castings Strengths
Diversified customer base
The company has long-standing relationships with OEMs and Tier-1 customers in commercial vehicles, tractors, railways, and off-highway segments across India. It manufactures brake system castings for Indian Railways, handling casting, machining, coating, and leakage testing in-house
Diversified product portfolio
The company serves a wide customer base across industries and geographies, offering a one-stop solution for castings. It produces various grades of grey and ductile iron, including high-temperature and impact-resistant types, with weights from 0.5 kg to 95 kg and a production capacity of 50 to 90,000 parts per month, supplied as rough castings or fully machined sub-assemblies
In-house tool & pattern making facilities
The company has in-house pattern and machining facilities, ensuring high-quality production, cost efficiency, and reduced lead times. Its capabilities include CAD/CAM/CAE design, CNC and VMC tooling manufacturing, and a well-equipped CNC machining centre to meet customer-specific requirements
KVS Castings Risks
Dependent on the automotive sector
The company is heavily reliant on India’s automobile sector, supplying casting components to manufacturers. Any decline in automobile demand or market changes could significantly impact its business, operations, and financial condition
High power requirements
The company’s manufacturing units have high power requirements, and any supply disruption or tariff increase could raise operating costs and impact business and financial performance. To ensure uninterrupted customer supply, it maintains sufficient stock to prevent line stoppages
Operational risks
Any breakdown or disruption at the company’s manufacturing facilities, due to machine failure, accidents, natural disasters, or maintenance shutdowns, could materially impact its business, operations, and financial condition. Precautions are taken, but operational risks remain
IPO FAQs
The promoters of the company are Arpan Jindal, Devendra Kumar Agarwal, Rekha Agarwal, Venu Jindal and Kumaun Garhwal Infrastructural Industrial Corporation Private Limited.
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 53.0 - 56.0.
The IPO application opens on Sep 26, 2025 and closes on Sep 30, 2025.
The minimum lot size for the IPO is 4000. The maximum lot size for the IPO is 4000.
For all category investors, the minimum application amount for this IPO is Rs. 212,000.0, the maximum value for this IPO is Rs 224,000.0.
This IPO will be allotted on Oct 01, 2025.
The refund will be credited to your account on Oct 03, 2025.
The allotted shares will be credited to your demat on Oct 03, 2025.
KVS Castings Ltd.’s shares listed on the stock exchanges on Oct 06, 2025.