KVS Castings Ltd
Complete IPO details, including price band, financials, subscription status, and key insights.
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IPO Snapshot
Key metrics and details at a glance.
Price Band
₹56
Per ShareLot Size
2000 Shares
Minimum Investment
₹1,12,000
Issue Size
₹27.83 Cr
Face Value
₹10
Per ShareIPO Type
Book Building - SME
Retail Quota
35.12%
QIB Quota
49.87%
NII Quota
15.01%
IPO Timeline
Important dates for your applying strategy.
Subscription Status
Live demand across investor categories.
Track real-time subscription levels:
*Real-time data subject to exchange updates
KVS Castings Ltd
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
100%
Promoter Holding (Post-Issue)
70.96%
Issue Type
Book Building - SME
ISIN
INE163701019
About the Company
As the Foundry Division of the KVS Premier Group, Our Company specializes in quality ferrous castings. Our Company is involved in the manufacturing and production of Cast Iron and Ductile Iron castings. We deliver comprehensive casting solutions tailored to meet our customers' needs. From cast iron to stainless steel, we offer a total casting solution under one roof, with a portfolio of more than 150 products, including Suspension Brackets, Brake Drums, Gear Box Housing, Pump Body, Oil Filters and more.
Industry Overview
The iron casting market, valued at USD 151.77 billion in 2024, is forecasted to grow consistently, reaching USD 161.78 billion in 2025 and ultimately achieving USD 269.7 billion by 2033, at a steady CAGR of 6.6%. Iron casting is a manufacturing system wherein molten iron is poured into molds to create numerous additives with specific shapes and properties. This system is broadly used throughout more than one industries due to the fabric's energy, sturdiness, and value-effectiveness.
Company History
Our Company was originally formed as a Partnership Firm under the Partnership Act, 1932 ("Partnership Act") in the name and style of "Kashi Enterprises" pursuant to Deed of Partnership dated August 20, 2005. Further, "Kashi Enterprises" was thereafter converted from Partnership Firm to a Private Limited Company under Part I chapter XXI of the Companies Act, 2013 with the name and style of "KVS Castings Private Limited" and received a Certificate of Incorporation bearing CIN U27100UR2019PTC012217 from the Registrar of Companies, Delhi dated June 10, 2019. Subsequently, pursuant to a special resolution passed by the Shareholders at their Extra Ordinary General Meeting held on July 02, 2024, our Company was converted from a Private Limited Company to Public Limited Company and consequently, the name of our Company was changed to "KVS Castings Limited" and a Fresh Certificate of Incorporation pursuant to Conversion was issued on September 09, 2024 by the Registrar of Companies, Central Processing Center. As on the date of this Red Herring Prospectus, the Corporate Identity Number of our Company is U27100UR2019PLC012217.
Products & Services
- The Company specializes in quality ferrous castings. The Company is involved in the manufacturing and production of Cast Iron and Ductile Iron castings.
Growth Strategy
- Enhancing Production Capacity and Automation with purchase of new plant and machineries.
- Advancing Casting and Manufacturing Processes with Technological Integration.
- Expanding and Strengthening OEM Partnerships for Future Growth.
- Broadening Casting Solutions and Services through Product Portfolio Diversification.
Customer Base
Wholesaler and Retailer
Financial Performance
Revenue, profit after tax and total assets across the last 3 reported financial years.
Revenue
Amount in ₹ crore
Profit After Tax (PAT)
Amount in ₹ crore
Total Assets
Amount in ₹ crore
Figures in ₹ crore, on a standalone basis, as reported for FY24 to FY26.
Objects of the Issue
How the company plans to utilize IPO proceeds.
Use of Proceeds
The funds raised through this IPO will be used for:
Initial public offering up to 49,70,000 equity shares of Rs. 10/- each ("Equity Shares") of K V S castings limited ("K V S Castings" or the "Company") for cash at a price of Rs. 56/- per equity share (the "issue price"), aggregating to Rs. 27.83 Crore ("the Issue"). out of the issue, up to 2,54,000 equity shares aggregating to Rs. 1.42 Crore will be reserved for subscription by market maker ("Market Maker Reservation Portion"). the issue less the market maker reservation portion i.e. issue of up to 47,16,000 equity shares of face value of Rs. 10/- each at an issue price of Rs. 56/- per equity share aggregating to Rs. 26.41 Crore is hereinafter referred to as the "net issue". the issue and the net issue will constitute 26.50% and 25.15%, respectively of the post issue paid up equity share capital of the company. Issue price is Rs.5.6 times of the face vale of the equity share of face value of Rs. 10 each. Bids can made for a minimum of 4,000 equity shares and in multiples of 2,000 equity shares thereafter.
*Subject to approvals and market conditions.
Strengths & Risks
Key competitive advantages and factors to consider before investing.
- Timely and safe deliveries.
- In-house manufacturing Facilities.
- Experienced management team and a motivated and efficient work force.
- Cordial relations with our clients.
- We are majorly dependent on the performance of the Automobile Sector in India. Any adverse changes in the conditions affecting these markets can adversely impact on our business, results of operations and financial condition.
- We are majorly dependent on the Auto Component products, any decline in the demand for these products can affect our revenue and result of operations.
- There are outstanding legal proceedings involving our Company, Promoters and Group Company. Any adverse decision in such proceedings may have a material adverse effect on our business, results of operations and financial condition.
- We had negative cash flow from investing and financing activities in the past and may continue to have negative cash flows in the future.
- Our contingent liabilities as stated in our Restated Financial Statements could adversely affect our financial conditions.