In this article you get to know insight about Kalyani Cast Tech Limited IPO Details. Incorporated in 2012, Kalyani Cast Tech Ltd has made significant strides in the casting business, boasting an in-house machining facility. The company is known for its diverse product range, which includes bearing housing for electrical locomotives, MG coupler components, adapters for WDG4 locomotives, CI brake blocks, and more.
Specialization in Cargo Containers:
Kalyani Cast Tech excels in the manufacturing of cargo containers, offering a wide array of options, from standard ISO containers (20′, 25′, 40′, 42′) to custom containers designed for parcel cargo, two and three-wheelers, dwarf containers, and cuboid containers.
Diverse Clientele:
The company serves a diverse clientele, catering to various industries, including Indian railways, mining, cement, chemicals, fertilizer, and power plants. With a wide-ranging product portfolio, Kalyani Cast Tech has established itself as a trusted partner in multiple sectors.
Competitive Strengths:
Experienced Promoter and Management Team: Kalyani Cast Tech benefits from the leadership of an experienced promoter and management team. Their expertise plays a pivotal role in the company’s growth and success.
Effective Marketing Strategies: Leveraging a well-established network, the company identifies core customers and crafts effective marketing strategies to deliver customized solutions. This customer-centric approach sets Kalyani Cast Tech apart from its competitors.
Exceptional Services: What truly distinguishes the company is its commitment to providing exceptional services. Kalyani Cast Tech goes the extra mile to ensure client satisfaction, building lasting relationships along the way.
Objects of the Issue
Kalyani Cast Tech Ltd, a leader in the casting business, is well-positioned to harness future opportunities. As the company moves forward, it has earmarked the Net Fresh Issue Proceeds for strategic purposes. Kalyani Cast Tech Ltd plans to utilize the Net Fresh Issue Proceeds for the following objectives:
Meeting Working Capital Requirements:
The company recognizes the importance of having a robust working capital to sustain daily operations. By allocating a portion of the funds to working capital requirements, Kalyani Cast Tech aims to ensure smooth and uninterrupted business activities. This strategic move contributes to efficient inventory management and the timely fulfillment of customer orders.
Supporting General Corporate Purposes:
Kalyani Cast Tech Ltd’s vision extends beyond immediate needs. The remaining portion of the funds is set aside to support general corporate purposes. These purposes encompass a wide spectrum of strategic initiatives, including potential investments, research and development efforts, and exploration of expansion opportunities. By maintaining this financial flexibility, the company can adapt to evolving market trends and seize new prospects as they emerge.
Kalyani Cast Tech Limited IPO Details
| IPO Date | November 8, 2023 to November 10, 2023 |
| Face Value | ₹10 per share |
| Price | ₹137 to ₹139 per share |
| Lot Size | 1000 Shares |
| Total Issue Size | 2,166,000 shares (aggregating up to ₹30.11 Cr) |
| Fresh Issue | 2,166,000 shares (aggregating up to ₹30.11 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing | BSE SME |
| Share holding pre issue | 5,014,500 |
| Share holding post issue | 7,180,500 |
| Market Maker portion | 362,000 shares |
Kalyani Cast Tech Limited IPO Reservation
QIB (Qualified Institutional Buyer) Shares Offered:
Not more than 50% of the Net Issue. This category includes institutional investors like mutual funds, insurance companies, and foreign institutional investors. They are typically allotted a significant portion of the IPO shares, allowing them to make substantial investments in the offering.
Retail Shares Offered:
Not less than 35% of the Net Issue. Retail investors, which include individual investors, are given a minimum allocation to ensure broad public participation in the IPO. This allocation percentage encourages retail investors to participate and helps in spreading ownership among a larger pool of investors.
NII (Non-Institutional Investor or HNI – High Net Worth Individual) Shares Offered:
Not less than 15% of the Net Issue. This category comprises high-net-worth individuals who are not part of the institutional category. They are allocated a portion of the shares to cater to their investment needs, but the allocation is typically smaller than that of QIBs.
Kalyani Cast Tech Limited IPO Lot Size
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 1000 | ₹139,000 |
| Retail (Max) | 1 | 1000 | ₹139,000 |
| HNI (Min) | 2 | 2,000 | ₹278,000 |
Kalyani Cast Tech Limited IPO Promoter Holding
Share Holding Pre Issue: Before the IPO, the promoters, which include Mr. Naresh Kumar, Mr. Javed Aslam, Mr. Nathmal Bangani, Ms. Kamala Kumari Jain, and Ms. Muskan Bangani, collectively held 100% of the company’s shares. This means they had full ownership and control of the company prior to going public.
Share Holding Post Issue: After the IPO, the promoters’ collective ownership in the company has reduced to 69.83%. This decrease in ownership is a result of selling a portion of their shares to the public during the IPO. The remaining 30.17% of the company’s shares have been sold to other investors, which may include institutional investors, retail investors, or any other entities that participated in the IPO.
Kalyani Cast Tech Limited IPO Tentative Dates
| IPO Open Date | Wednesday, November 8, 2023 |
| IPO Close Date | Friday, November 10, 2023 |
| Basis of Allotment | Thursday, November 16, 2023 |
| Initiation of Refunds | Friday, November 17, 2023 |
| Credit of Shares to Demat | Monday, November 20, 2023 |
| Listing Date | Tuesday, November 21, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on November 10, 2023 |
Kalyani Cast Tech Limited IPO Registrar
Bigshare Services Pvt Ltd is a well-known registrar and transfer agent company in India that provides services related to IPOs (Initial Public Offerings), share registry management, and other financial services. They assist companies in managing the process of going public and managing their shareholders’ records. You can reach out to them for inquiries, assistance with IPO-related matters, and for checking the status of IPO applications or share registry services. Their website may provide tools and information related to IPO status, forms, and other related services.
Bigshare Services Pvt Ltd:
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
FAQs
What is the primary business focus of Kalyani Cast Tech Limited?
Kalyani Cast Tech Limited specializes in the casting business and offers a diverse product range, including cargo containers, bearing housing for electrical locomotives, MG coupler components, and more.
What are the key strengths of Kalyani Cast Tech Limited as a company?
Kalyani Cast Tech Limited’s strengths include having an experienced promoter and management team, effective marketing strategies, and a strong commitment to providing exceptional services.
What is the IPO date for Kalyani Cast Tech Limited?
The Kalyani Cast Tech Limited IPO is scheduled to be open for subscription from November 8, 2023, to November 10, 2023.
What is the face value and price range per share in the IPO?
The face value of each share is ₹10, and the price range per share in the IPO is between ₹137 and ₹139.
How is the share allocation structured for different categories of investors in the IPO?
QIB (Qualified Institutional Buyer) Shares: Not more than 50% of the Net Issue.
Retail Shares: Not less than 35% of the Net Issue.
NII (Non-Institutional Investor) or HNI (High Net Worth Individual) Shares: Not less than 15% of the Net Issue.
What is the lot size for retail investors in the Kalyani Cast Tech Limited IPO?
Retail investors can apply for a minimum of 1 lot, which consists of 1000 shares.
When is the tentative basis of allotment, refund initiation, and listing date for the IPO?
The basis of allotment is expected to be announced on Thursday, November 16, 2023. Refunds are anticipated to be initiated on Friday, November 17, 2023. The listing date is set for Tuesday, November 21, 2023.