Kalyani Cast Tech IPO

Incorporated in 2012, Kalyani Cast Tech Ltd is a casting manufacturer. It has a class A foundry and is engaged in the production of casting products such as MG Coupler Components, CI Brake Blocks, Adapters for WDG4 Loco, Bearing housing for electrical loco, Corner casting for Containers motor hub traction motors, etc. 

The company is also involved in the business of manufacturing containers, which started in 2018. It manufactures dwarf containers and cuboid containers. Railway transporters primarily use these containers to transport goods via the rail network in India.

The company believes that the foundry market size in India is likely to grow at a CAGR of ~10.77% between 2022 and 2027. Several factors, including a focus on technology upgrades, make-in-India initiatives, and increasing confidence within the foundry industry, will likely support the said growth.

Kalyani Cast Tech Ltd IPO Details

Kalyani Cast Tech Ltd IPO Date

Kalyani Cast Tech Ltd IPO is a 100% fresh issue. The fresh issue comprises 21,66,000 shares aggregating up to ₹30.11 Cr. Kalyani Cast Tech Ltd’s IPO will be listed on the BSE SME on November 21, 2023. It is a book-built issue IPO.

Kalyani Cast Tech Ltd IPO Price Band
The price range of the IPO has been fixed at ₹137 to ₹139 per share.

Kalyani Cast Tech Ltd IPO Lot Size

The Kalyani Cast Tech Ltd IPO lot size is 1,000 shares, and the minimum investment will be ₹1,39,000.

Kalyani Cast Tech Ltd IPO Objectives 

The objectives of Kalyani Cast Tech Ltd IPO are listed below:

• Working capital requirements.
• General corporate purposes.

Peer Details

As per DRHP, the company has 2 listed peers given below:

1. Texmaco Rail & Engineering Limited.
2. Titagarh Rail Systems Limited.

How To Check the Allotment Status of the Kalyani Cast Tech Ltd IPO?

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Contact Details of Kalyani Cast Tech Ltd

Registered office: B-144 Second Floor DDA Shed Phase-1, Okhla Industrial Area Phase-1 New Delhi, South Delhi, Delhi - 110020, India.

Phone:  011-26444400

E-mail: info@kalyanicasttech.com

Company Financials

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Strengths

1. The company has developed and implemented a wide range of networking channels across the industry and society to strengthen the scope of identifying the core customer base.

2. The company plans to cater to the increasing demand of its existing customers and also to increase its existing customer base by enhancing the distribution reach of products in different parts of the country.

Risks

1. The company, its promoters, directors and group companies are facing legal issues. Any adverse decision in such cases could materially impact its business.

2. The company’s business is highly dependent on sales to its key customers. Any loss in retaining those customers could impact the business growth.