The Kalyani Cast Tech IPO commenced on November 8, 2023, and concluded on November 10, 2023. The allotment of shares took place on November 16, 2023, and the initiation of refunds began on November 17, 2023. The shares were credited to the demat accounts of investors on November 20, 2023. Finally, the listing of Kalyani Cast Tech on the stock exchange occurred on November 21, 2023.
The Kalyani Cast Tech IPO was priced at ₹137 to ₹139 per share, with a lot size of 1000 shares. The total issue size was ₹30.11 crores, comprising a fresh issue of ₹30.11 crores. The IPO was listed on both the NSE and BSE.
In terms of quota reservations, the QIB (Qualified Institutional Buyers) quota was reserved for 50% of the shares, the NII (Non-Institutional Investors) quota was reserved for 15% of the shares, and the retail quota was reserved for 35% of the shares.
Kalyani Cast Tech IPO Basic Details
|Company Name||Kalyani Cast Tech Limited|
|Domain of Company||Casting Business|
|Kalyani Cast Tech IPO GMP Today||₹40|
|Kalyani Cast Tech IPO Listing Gain||28.78%|
|Kalyani Cast Tech IPO Open Date||November 8, 2023|
|Kalyani Cast Tech IPO Close Date||November 10, 2023|
|Kalyani Cast Tech IPO Allotment Date||November 16, 2023|
|Kalyani Cast Tech IPO Listing Date||November 21, 2023|
|Face Value||₹10 per share|
|Price||₹137 to ₹139 per share|
|Lot Size||1000 Shares|
|Issue Size||2,166,000 shares of ₹10|
(aggregating up to ₹30.11 Cr)
|Offer for Sale||2,166,000 shares of ₹10|
(aggregating up to ₹30.11 Cr)
|Issue Type||Book Built Issue IPO|
|Listing At||BSE SME|
|Company Promoters||Mr Naresh Kumar, Mr Javed Aslam,|
Mr Nathmal Bangani, Ms Kamala Kumari Jain
and Ms Muskan Bangani
Kalyani Cast Tech IPO GMP Today:
|Date||GMP||Listing Gain||Kostak||Subject to|
|6 November 2023||₹40||28.78%||–||–|
Kalyani Cast Tech Limited IPO Details:
Kalyani Cast Tech Ltd started its journey in 2012, and it’s all about casting things with its own machinery. They make various products like bearing housing for electric trains, MG coupler parts, adapters for a specific type of locomotive, brake blocks, and more.
One of their specialties is creating cargo containers, including standard ones like 20′, 25′, 40′, and 42′ ISO containers. They can also make custom containers for different types of cargo, from small items to two and three-wheelers.
They work with a wide range of clients, including Indian railways, mining companies, cement producers, chemical and fertilizer manufacturers, and power plants.
What makes them stand out are:
- They have a skilled and experienced team, including the founders.
- They’re really good at finding the right customers and coming up with smart ways to market their custom solutions.
- They’re known for providing top-notch services, which sets them apart from the competition.
Kalyani Cast Tech IPO More Details Click Here
Kalyani Cast Tech IPO FAQs
When is Kalyani Cast Tech IPO open?
Kalyani Cast Tech IPO will open on 8 November 2023.
When is Kalyani Cast Tech IPO Close?
Kalyani Cast Tech IPO will be closed on 10 November 2023.
What is Kalyani Cast Tech IPO GMP Today?
The Kalyani Cast Tech IPO GMP aka Grey Market Premium is ₹40.
What is Kalyani Cast Tech IPO Kostak Rates Today?
The Kalyani Cast Tech IPO Kostak Rate is ₹000.
What is Kalyani Cast Tech IPO Subject to Sauda Price Today?
The Kalyani Cast Tech IPO subject to sauda rates is ₹000.
Kalyani Cast Tech IPO Expected Returns?
The Kalyani Cast Tech expected return is 28.78%.
How much will be the listing gain in Kalyani Cast Tech IPO?
Kalyani Cast Tech IPO will get listing gain of 28.78%. (Approx.)