Kalyani Cast Tech LTD. IPO: Review, Valuation, Date & GMP

Kalyani Cast Tech IPO - Complete Overview

Kalyani Cast-Tech Limited started in 2012 by setting up a top-quality factory in Rewari, Haryana. This factory is known as a Class A facility and makes a wide range of products like MG coupling components, brake blocks, and several other products like trains and container engines.

They have customers from various industries, including Indian Railways, mining, cement, chemicals, fertilizers, and power plants.

In 2018, they saw a chance to expand their business by making freight containers. These containers transport goods on India's vast railway network.

Thanks to their extensive experience, technical know-how, and modern production facilities, Kalyani is known as a reliable partner for its customers. They have brought in new methods like the no-bake system for making moulds and have a fully automated sand plant that handles everything from getting the sand ready to cooling and mixing it.

 

What does the company do?

Kalyani Cast Tech makes a wide variety of castings that meet both Indian and international standards. They serve a diverse group of customers, including Indian Railways, the mining industry, cement manufacturing, chemical and fertiliser plants, and power companies.    

 

 

Kalyani Cast Tech IPO’s Overview

The Kalyani Cast Tech IPO date is slated to be open for subscription from November 8, 2023, to November 10, 2023. This BSE SME IPO follows a Book-Built Issue IPO.

The Kalyani Cast Tech IPO’s price is fixed at Rs. 137 to Rs. 139 per share. The upcoming BSE NSE IPO will be listed on November 21, 2023.

The total issue size of this IPO amounts to Rs. 30.11 Crores. Within this total issue, 35% is issued to retail investors.

 

Kalyani Cast Tech IPO timetable (Tentative)

Events	Date
IPO Opening Date	8 November 2023
IPO Closing Date	10 November 2023
IPO Allotment Date	16 November 2023
Refund initiation	17 November 2023
IPO Listing Date	21 November 2023

 

Kalyani Cast Tech IPO Details

IPO Opening & Closing Date	7 November to 9 November 2023
Face value	Rs. 10 per Share
Issue Price	Rs. 137 to Rs. 139 per Share
Lot Size	1000 Shares
Price of 1 Lot	Rs. 139,000
Total Issue Size	2,166,000 Shares (aggregating up to Rs. 30.11 Cr)
Fresh Issue	2,166,000 Shares (aggregating up to Rs. 30.11 Cr)
Listing at	BSE, SME
Issue Type	Book Built Issue IPO
Registrar	Bigshare Services Pvt Ltd

 

Kalyani Cast Tech IPO Lot Details

Minimum Lot Investment (Retail)	1 Lot
Maximum Lot Investment (Retail)	1 Lot
Minimum Lot Investment (HNI)	2 Lot

 

 

Kalyani Cast Tech IPO Reservation

Institutional Share Portion	50%
Non-Institutional Share Portion	15%
Retail Share Portion	35%

 

Company Financial

(Amount in Lakhs)

Period	FY 23	FY 22	FY 21
Total Assets	2,420.19	1,599.54	1,367.88
Total Revenue	6,336.46	4,947.12	1,135.26
PAT	803.79	117.33	35.36
Net worth	1,424.01	620.22	502.89
Reserve & Surplus	922.56	118.77	1.44
Total Borrowings	342.05	269.87	498.54

 

Revenue-Breakdown by Segment

Indian - Railways	FY 22
Freight(goods)	75.2%
Passenger	20.2%
Sundry	2.0%
Other Coaching	2.6%

 

Revenue By Operations

(Amount in Lakhs)

Particulars	FY 23	FY 22	FY 21
Revenue from operations	6,327.01	4,945.34	1,120.01
Other income	9.44	1.78	15.25
Total	6,336.46	4,947.12	1,135.26

 

The Objective of the Issue

The company intends to use the net proceeds for the following objectives.

• Working Capital Requirements.
• General Corporate Purposes.

 

Management and Promoters of Kalyani Cast Tech IPO

The company's Management and promoters include Mr. Javed Aslam, Ms. Kamala Kumari Jain, Ms. Muskan Bangani, Mr. Naresh Kumar, and Mr. Nathmal Bangani.

Pre-issue Promoter Shareholding	100%
Post-issue Promoter Shareholding	69.83%

 

Peers of Kalyani Cast Tech IPO

Name of the Company	PE	Revenue from Operations (in Rs. million)	EPS (Basic) (Rs.)
Kalyani Cast-Tech Limited	8.5	6,327.01	16.14
Texmaco Rail & Engineering Limited	187.58	65600.00	0.62
Titagarh Rail Systems Limited	75.37	278052.90	8.64

 

IPO's Valuations

To evaluate the IPO's valuation, we can study the information presented in the company's DRHP. Kalyani Cast Tech IPO’s price is set at Rs. 137 to Rs. 139 per share, with an EPS of Rs. 16.03. Based on the issue price the company's P/E ratio is calculated at 8.5.

 

Dividend Policy

According to Kalyani Cast Tech IPO DRHP, the company did not distribute dividends in the preceding fiscal years, and its capacity to declare dividends in the future hinges on its earnings and financial health.

 

IPO's Strengths

• Efficient and reliable ways of making their products.
• Constantly coming up with new and better things.
• Having customers who trust them with long-term contracts.
• Caring about the environment and being eco-friendly.
• Their management team is experienced and qualified.
• There's potential for growth because the market has a lot of scope.

 

IPO's Weaknesses

• Not much money to work with 
• Not enough skilled workers available
• Can't raise prices easily because of new competition
• Many companies are coming and going in the market.
• Raw material prices can go up and down
•  Government policy changes can affect things

 

 

IPO GMP Today

The Latest GMP of Kalyani Cast Tech IPO is Rs. 21.

 

Conclusion 

They've been making a lot of money recently, but some people are worried that they might not keep at this pace shortly. If we analyse how much money they might make next year, it seems like their stock price is okay. But we're not sure if they can keep making this much money, so it's a bit risky. But you might want to put some money into this company for the long term but in a limited amount.

 

 

Finowings IPO Analysis

Hope you enjoyed the Finowings IPO Analysis. We tried our best to give every required detail about the company that you should know before applying to the IPO. 

You must consult your financial advisor before making any financial decisions. 

To Apply for the IPO, Click Here.

 

To Read the Prospectus of the Company Click Here to Download the DRHP.

 

 

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