Kalyani Cast Tech IPO GMP, Details, price, Date, Allotment 2023

Kalyani Cast Tech IPO description – Kalyani Cast Tech Limited is coming up with its Initial public offering. The IPO will be open for subscription on November 8, 2023

 

Kalyani Cast Tech IPO – Details

 

IPO Open Date 08 November 2023
IPO Close Date 10 November 2023
Issue Type Book Built Issue IPO
Issue Size 21,66,000 Shares Worth ₹30.11 Crore

Fresh Issue: 21,66,000 Shares Worth ₹30.11 Crore

Face Value ₹10 per equity share
IPO Price ₹137 – ₹139
Market Lot 1000 Shares
Min Order 1000 Shares (1 Lot)
Listing At BSE SME
Register Bigshare Services Pvt Ltd
Retail Shares Offered 35%
QIB Shares Offered 50%
NII (HNI) Shares Offered 15%

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Kalyani Cast Tech IPO – Date Schedule

 

IPO Opening Date 08 November 2023
IPO Closing Date 10 November 2023
Finalization of Basis of Allotment 16 November 2023
Refunds Initiation 17 November 2023
Transfer of shares to demat accounts 20 November 2023
Date of IPO Listing 21 November 2023

 

Kalyani Cast Tech IPO- about company 

 

Kalyani Cast Tech Ltd is engaged in the casting business with an in-house & machining facility. Kalyani Cast is engaged in the manufacturing of products such as Bearing housing for electrical loco,  MG Coupler Components, Adapters for WDG4 Loco, CI Brake Blocks and so on.

The company specialize in manufacturing cargo containers, including ISO containers (20′, 25′, 40′, 42′) and custom containers for parcel cargo, two & three-wheelers, dwarf, and cuboid containers.The company serve diverse clients including Indian railways, mining, cement, chemicals, fertilizer, and power plants.

 

Kalyani Cast Tech IPO
Kalyani Cast Tech IPO

 

Kalyani Cast Tech IPO- industry overview 

 

India has the fourth largest railway network with over 22,593 operating trains (9,141 freight and 13,452 passengers) with a daily passenger count of 24 million passengers and 203.88 million tonnes of freight. In FY22 passenger traffic stood at 3.54 billion as compared to 1.28 billion in FY21. In FY23, railway freight volume stood at 1,109.38 MT which depicted year-on-year growth of 8%.

 India is among the top three exporters of railways globally as of 2022. India’s export of railways has grown at a CAGR of 31.51% during 2010-18 to US$ 507.90 million. Exports of railways in 2021 stood at US$ 633.27 million. Indian

Railways is developing and creating technology in areas such as signalling and telecommunication with 15,000 kms being converted into automatic signalling and 37,000 kms to be fitted with ‘KAVACH’, the domestically developed Train Collision Avoidance System.

 

Kalyani Cast Tech Financial Performance

 

  FY 2021 FY 2022 FY 2023 Q1 FY 2024
Revenue 11.20 49.45 63.27 24.64
Expenses 11.18 48.22 52.55 20.71
Net income 0.35 1.17 8.04 2.94

Figures in INR Crores

 

Kalyani Cast Tech Valuations & Margins

 

FY 2021 FY 2022 FY 2023
EPS 0.76 2.34 16.03
PE ratio 8.55 – 8.67
RONW (%) 7.03 18.92 56.45
NAV 10.74 12.37 28.40
ROCE (%) 5.60 18.18 67.56
EBITDA (%) 7.37 4.36 18.35
Debt/Equity 0.99 0.44 0.24

 

Kalyani Cast Tech IPO
Kalyani Cast Tech IPO ,

 

Kalyani Cast Tech IPO Prospectus

 

 

Kalyani Cast Tech IPO -Competitive Strengths

 

  • Product Innovation.
  • Efficient and reliable production processed..
  • Experienced and qualified management team.
  • Reputable clients and long-term contracts.
  • Commitment to sustainability.
  • Experienced and qualified management team.
  • Potential for growth, market size and future trends.

 

Object Of The Issue

 

  • General Corporate Purposes.
  • Meeting Working Capital Requirements.

 

Kalyani Cast Tech IPO GMP Today

 

Date IPO GMP Kostak Subject to Sauda
9 November 2023 50 36000

 

Kalyani Cast Tech IPO Allotment Status

Kalyani Cast Tech IPO allotment status will be available on the  website. Click on this link to get allotment status.

Kalyani Cast Tech IPO – Lots Size & Price

 

Application Lots Shares Amount ( Cut-Off)
Retail (Minimum) 1 1000 1,39,000
Retail (Maximum) 1 1000 1,39,000
HNI (Minimum) 2 2000 2,78,000

 

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