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KVS Casting IPO
KVS Casting IPO is a book-build issue of INR 27.83 crores. The issue is entirely a fresh issue of 0.50 crore shares. The price band is set at INR 53 to INR 56 per share and the lot size for an application is 2,000. The minimum amount of investment required by an individual investor is INR 2,24,000 (4,000 shares). The IPO bidding opened for subscription on Sep 26, 2025 and will close on Sep 30, 2025. The IPO will list on the BSE SME with a tentative listing date set for October 6, 2025.
Company Background
KVS Casting Ltd. was incorporated in 2005. It is a manufacturing company of cast iron, alloy steel and stainless steel castings. KVS registered office and manufacturing plants are located in Kashipur, Udham Singh Nagar, Uttarakhand. The company produces over 150 products in various grades, weights and production volumes. Their products include suspension brackets, brake drums, gearbox housing and oil filters. KVS aims to expand and strengthen its relationship with existing and new OEM partners for future growth.
WHAT IS GMP?
GMP (Grey Market Premium) is the difference between the IPO price and the grey market price. It is the premium amount paid for the traded IPO shares. It plays an important role in IPOs as it reflects how the IPO would react on the listing day.
A grey market is a place where shares/stocks are traded before being listed officially on the stock exchange.
KVS Casting IPO
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| - | - | - | - |
**The GMP prices displayed here are solely for informational purposes related to the grey market news. India IPO does not engage in or facilitate grey market trading, nor are these rates (sub2) indicative of any trading activity. We also do not recommend or endorse participation in the grey market.**
KVS Casting IPO Details
| Detail | Description |
|---|---|
| IPO Date | September 26, 2025 to September 30, 2025 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Issue Price Band | ₹53 to ₹56 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 49,70,000 shares (aggregating up to ₹27.83 Cr) |
| Reserved for Market Maker | 2,54,000 shares (aggregating up to ₹1.42 Cr) Prabhat Financial Services Ltd. |
| Net Offered to Public | 47,16,000 shares (aggregating up to ₹26.41 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 1,37,83,324 shares |
| Share Holding Post Issue | 1,87,53,324 shares |
KVS Casting IPO Timeline
| Detail | Description |
|---|---|
| IPO Open Date | Fri, Sep 26, 2025 |
| IPO Close Date | Tue, Sep 30, 2025 |
| Tentative Allotment | Wed, Oct 1, 2025 |
| Initiation of Refunds | Fri, Oct 3, 2025 |
| Credit of Shares to Demat | Fri, Oct 3, 2025 |
| Tentative Listing Date | Mon, Oct 6, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on Tue, Sep 30, 2025 |
KVS Casting IPO Lot Size
| Application | 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 Casting IPO Promoter Holding
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| Promoter Holding Pre Issue | 96.55% |
| Promoter Holding Post Issue | 70.96% |
Competitive Strength:
- ⦁ Diversified customer base and product portfolio, which gives a wider range of customers to connect with.
- ⦁ A dedicated and experienced workforce that provides positive and on-time results.
KVS Casting IPO Financial Information
| Period Ended | Assets | Total Income | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing | ||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 31 Mar 2025 | 47.75 | 50.43 | 6.63 | 34.45 | - | 3.72 | ||||||||||||||||||||||||||||||||||
| 31 Mar 2024 | 31.35 | 54.70 | 5.95 | 25.79 | - | 0.58 | ||||||||||||||||||||||||||||||||||
| 31 Mar 2023 | 32.01 | 57.51 | 4.84 | 19.83 | - | 4.98 | ||||||||||||||||||||||||||||||||||
| Amount in ₹ Crore | ||||||||||||||||||||||||||||||||||||||||
Key Performance Indicator
| 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 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 4.81 | 3.53 |
| P/E (x) | 11.65 | 15.85 |
Conclusion
KVS Casting IPO offers an opportunity to invest in a growing company with a growing market presence and revenue growth. Their operational excellence is achieved by using advanced technology to meet quality standards in cast iron, ductile iron and alloy steel casting. They consistently deliver high-quality products at competitive prices and ensure timely delivery to satisfy customer needs. This diversified product portfolio is enough to attract consumers because KVS holds certificates like ISO, RDSO and IATF for quality and certification.
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