IPO Details

Bidding Dates

26 Sep '25 - 30 Sep '25

Minimum Investment

₹2,24,000 / Lots (4,000 Shares)

Price Range

₹53 – ₹56

Maximum Investment

₹2,24,000 / Lots (4,000 Shares)

Retail Discount

To be announced

Issue Size

₹27.83 Cr

Investor category and sub category

Retail Individual Investors (RII)  |   Non-institutional Investors (NII)  |   Qualified Institutional Buyers (QIB)  |  

KVS Castings IPO Important Dates

Important dates with respect to IPO allotment and listing

Opening Date

Sep 26, 25

Closing Date

Sep 30, 25

Basis of Allotment

Oct 01, 25

Initiation of Refunds

Oct 03, 25

IPO Listing Date

Oct 06, 25

IPO Subscription Details

DateQIBNIIRetailTotal

Day 1Sep 25, 2025

 0.00 0.12 0.06 0.05

About KVS Castings IPO

KVS Castings IPO is a book-built issue worth ₹27.83 crore. The IPO consists entirely of a fresh issue of 49.70 lakh equity shares. The IPO opens for subscription on September 26, 2025, and closes on September 30, 2025. The allotment is expected to be finalised on October 1, 2025, with tentative listing on the BSE SME scheduled for October 6, 2025.

The IPO is priced in a band of ₹53 – ₹56 per share. Retail investors must apply for a minimum of 2 lots comprising 4,000 shares, requiring an investment of ₹2,24,000 at the cutoff price. HNI investors must apply for a minimum of 3 lots (6,000 shares), amounting to ₹3,36,000.

Narnolia Financial Services Ltd. is the book-running lead manager to the issue, and Skyline Financial Services Pvt. Ltd. is the registrar. Prabhat Financial Services Ltd. is the designated market maker.

Industry Outlook

  1. The global auto parts market was valued at USD 494.07 billion in 2023 and is projected to reach USD 700 billion by 2035, growing at a CAGR of 2.94% (2025–2035).
  2. Growth is largely driven by the rising demand for electric vehicles (EVs) and advancements in automotive manufacturing technologies.
  3. Sustainability and stricter emission norms are encouraging a shift toward EV components, reflecting changing consumer preferences for greener transportation.
  4. Investments in cutting-edge automotive technology and the growth of e-commerce are expanding access to advanced auto parts for consumers.
  5. Lightweight, high-performance materials and vehicle customisation trends are creating opportunities in aftermarket segments.
  6. Increasing middle-class populations in emerging markets are driving demand for affordable and reliable auto components.
  7. The adoption of digital technologies like IoT, smart manufacturing, and predictive analytics is enhancing productivity, quality, and supply chain efficiency.
  8. Sustainability initiatives, including recycling and eco-friendly materials, are shaping industry practices.
  9. The EV revolution is a major growth driver, with global EV sales surpassing 10 million units in 2022 (year-on-year growth >60%).
  10. Government incentives, environmental awareness, and advances in battery technology are boosting EV adoption.

KVS Castings IPO Objectives 

The company proposes to utilise the net proceeds from the IPO for the following objectives: 

  1. The primary objective of the IPO is to expand manufacturing capacity and modernise operations.
  2. Total investment of ₹2,776.34 Lakhs for the purchase of new plant and machinery.
  3. ₹ 2,150.00 Lakhs from IPO proceeds; ₹ 626.34 Lakhs from internal accruals (including ₹ 551.11 Lakhs already paid as advance).
  4. To install advanced machinery for producing Ductile Iron (SG), Cast Iron (CI), and Steel castings for automobile and non-automobile sectors such as Railways, Defence, and Tractors.
  5. From 600 metric tons per month to an additional 1,000 metric tons per month, enhancing overall production.
  6. Investment focuses on process automation to ensure timely delivery and maintain high-quality standards.
  7. Strategic plan to increase production capacity, meet rising demand, and comply with technological and regulatory standards.
  8. Up to 15% of IPO proceeds or ₹10 crore, whichever is lower, may be used for general corporate purposes.
  9. Remaining requirements beyond IPO proceeds will be financed through internal accruals, with no need for external financing.

About KVS Castings Limited 

Incorporated in 2005, KVS Castings Limited is a manufacturer of cast iron, SG iron, alloy steel, and stainless steel castings. The company serves the automobile, locomotive, and engineering sectors, focusing on innovation and high-quality standards. It provides a complete casting solution with a portfolio of over 150 products, including suspension brackets, brake drums, gearbox housings, pump bodies, oil filters, and more, catering to diverse customer needs. 

Key products include gear shifters for two-wheelers, compressor front housings for passenger car AC systems, lever shifts for gear transmission, oil filters, and rear brake drums for light commercial vehicles. As of March 31, 2025, the company employs 121 permanent staff. Its competitive strengths lie in a diversified customer base, wide product range, strategic location, in-house tool and pattern making facilities, and a dedicated, experienced workforce.

How To Check the Allotment Status of the KVS Castings IPO?

Steps to check IPO allotment status on Angel One’s app: 

  1. Log in to the Angel One app. 
  2. Go to the IPO Section and then to IPO Orders. 
  3. Select the individual IPO that you had applied for and check the allotment status. 
  4. Angel One will notify you of your IPO allotment status via push notification and email. 

How To Apply for KVS Castings IPO Online?

  1. Login to Your Angel One Account: Open the Angel One app or website and log in with your credentials. 
  2. Locate the IPO Section: Navigate to the 'IPO' section on the platform. 
  3. Select IPO: Find and select the KVS Castings IPO from the list of open IPOs. 
  4. Enter the Lot Size: Specify the number of lots you want to bid for. 
  5. Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application. 
  6. Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN. 

Contact Details of KVS Castings IPO 

Registered Office: KVS Castings Ltd.

B-25, 29,

Industrial Estate Bazpur Road,

Udham Singh Nagar,

Kashipur, Uttarakhand, 244713

Phone: + 91 7535910007

Email: cs.kcpl@kvspremier.com

Website: https://kvscastings.com/

KVS Castings IPO Reservation

Investor Category

Shares Offered 

Market Maker

2,54,000 (5.11%)

QIB (Qualified Institutional Buyers)

23,52,000 (47.35%)

NII (HNI)

7,08,000 (14.25%)

Retail

16,56,000 (33.32%)

Total

49,70,000 (100%)

KVS Castings IPO Lot Size

Application Type

Lots

Shares

Amount (₹)

Individual Investors (Retail) (Min)

2

4,000

2,24,000

Individual Investors (Retail) (Max)

2

4,000

2,24,000

S-HNI (Min)

3

6,000

3,36,000

S-HNI (Max)

8

16,000

8,96,000

B-HNI (Min)

9

18,000

10,08,000

KVS Castings IPO Promoter Holding

The promoters of the company are Mr. Arpan Jindal, Mr. Devendra Kumar Agarwal, Ms. Rekha Agarwal, Ms. Venu Jindal, and M/s Kumaun Garhwal Infrastructural Industrial Corporation Private Limited.

Share Holding Pre-Issue 

96.55% 

Share Holding Post Issue

70.96% 

Key Performance Indicators for KVS Castings IPO

KPI

Values

ROE (%)

22

ROCE (%)

23.78

Debt/Equity

0.11

RoNW (%)

22

PAT Margin (%)

13.22

EBITDA Margin (%)

19.65

Price to Book Value

2.89

KVS Castings IPO Prospectus

KVS Castings IPO Registrar and Lead Managers

KVS Castings IPO Lead Managers

  • Narnolia Financial Services Ltd

Registrar for KVS Castings IPO

Skyline Financial Services Pvt.Ltd.

  • Phone: 02228511022

Financial Performance of KVS Castings Limited

Particulars Year ending on March 31, 2025 Year ending on March 31, 2024 Year ending on March 31, 2023
Assets (₹ crore) 47.75 31.35 32.01
Total Income (₹ crore) 50.43 54.70 57.51
Profit After Tax (₹ crore) 6.63 5.95 4.84
EBITDA (₹ crore) 9.84 9.00 7.51
Net Worth (₹ crore) 34.45 25.79 19.83
Reserves & Surplus (₹ crore) 20.67 25.46 19.51
Total Borrowing (₹ crore) 3.72 0.58 4.98

Know before investing

Strengths

6

  1. Strong relationships with OEMs and Tier-1 customers across commercial vehicles, tractors, railways, and off-highway vehicle segments.

  2. Offers over 150 products in various material grades (Grey Iron, Ductile Iron, Alloy Steel), weights (0.5kg–95kg), and production volumes (50–90,000 parts/month), supplied as rough castings or fully machined sub-assemblies.

  3. Manufacturing plant in Kashipur, 50 km from Rudrapur, close to key customers and steel scrap sources, with good road and rail connectivity.

  4. Equipped with CAD/CAM/CAE tools, CNC and VMC machines, and a well-equipped machining center to ensure high-quality production, faster turnaround, and cost efficiency.

  5. Led by promoters with extensive experience in the casting industry; 121 skilled employees contribute to operational efficiency and market competitiveness.

  6. New Plant Unit-2 with modern machinery will increase capacity from 600 MT/month to 1,000 MT/month, optimizing production efficiency and ensuring timely deliveries.

Risks

6

  1. The company’s revenue largely depends on the Indian automobile industry. Any slowdown, regulatory changes, or reduced demand in this sector could negatively impact business operations, results, and financial performance.

  2. Around 80% of revenue comes from auto component products. Declines in demand due to changing market trends, technology, or customer preferences may adversely affect revenue and profitability.

  3. There are pending legal cases involving the company, its promoters, and group companies.

  4. Past negative cash flows, primarily from capital expenditures and loan repayments, could continue in the future.

  5. The company’s manufacturing units require substantial electricity. Any power disruption or increase in tariffs could raise operating costs and impact production efficiency.

  6. The company operates on leased land. Termination or non-renewal of lease agreements could adversely affect operations and increase costs.

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KVS Castings Limited Peer Details Comparison

Name of the Company EPS (₹) RoNW (%) NAV (₹ per share)
KVS Castings Limited 4.50 22.00% 24.99
Universal Auto Foundry Limited 1.98 3.34% 58.70
Thaai Casting Limited 5.07 13.97% 36.31

KVS Castings IPO FAQs

What is the KVS Castings IPO?

KVS Castings IPO is a book-built issue of ₹27.83 crore. The IPO will open for subscription from September 26, 2025, to September 30, 2025.

When will the KVS Castings IPO be allotted?

The Basis of Allotment is expected to be finalised on Wednesday, October 01, 2025.

When will the KVS Castings IPO open for subscription?

The IPO subscription window will open on Friday, September 26 2025.

What minimum lot size can retail investors subscribe to?

The minimum investment for a retail individual investor is ₹2,24,000 for 4,000 shares at the upper price band. For HNI investors, the minimum subscription is 3 lots (6,000 shares), totalling ₹3,36,000.

When will KVS Castings Limited list on exchanges?

KVS Castings Limited is tentatively scheduled to list on BSE SME on Monday, October 6, 2025.

What is the issue size of the KVS Castings IPO?

The issue size of the KVS Castings IPO is ₹27.83 crore, consisting of a fresh issue of 49.70 lakh equity shares.

What are the open and close dates of the KVS Castings IPO?

The KVS Castings IPO will open on September 26, 2025, and close on September 30, 2025.

What would be the listing gains on the KVS Castings IPO?

Listing gains cannot be ascertained before the listing of the IPO on the stock exchange.

How to increase your chances of getting a KVS Castings IPO allotment?

1. Multiple Submissions: Use different Demat accounts to make multiple applications.

2. Higher Price Band Bidding: Opt for bidding at the cut-off price or higher price band.

3. Timely Subscription: Ensure you subscribe to the IPO within the specified time frame.

How do I approve the UPI mandate request for the KVS Castings IPO?

You must complete the payment process by logging in to your UPI handle and approving the payment mandate.

Can I submit more than one application for the public issue of KVS Castings Limited using one PAN?

You can submit only one application using your PAN card.

How to read KVS Castings Limited's financial statements?

To read KVS Castings ‘s financial statements, download the IPO’s RHP document.

What is 'pre-apply' for KVS Castings Limited IPO?

Pre-apply allows investors to apply for the KVS Castings IPO two days before the subscription period opens, ensuring an early submission of your application.

If I pre-apply for the KVS Castings Limited IPO, when will my order get placed?

Your order will be placed when the IPO opens for bidding, and a UPI request will follow within 24 hours.

When will I know if my KVS Castings Limited IPO order is placed?

You will receive a notification once your order is successfully placed with the exchange after the bidding starts.

Who is the registrar of KVS Castings IPO?

Skyline Financial Services Pvt.Ltd. is the registrar responsible for managing the IPO allotment process and handling investor queries.

Where is the KVS Castings IPO getting listed?

KVS Castings Limited IPO is proposed to be listed on the SME platform of the Bombay Stock Exchange (BSE SME).