Kalyani Cast Tech Ltd

About Kalyani Cast Tech Ltd Incorporated 2012, Kalyani Cast Tech Ltd has a class A foundry and manufactures products such as MG Coupler Components, CI Brake Blocks, Adapter for WDG4 Loco, Bearing housing for electrical loco, Corner casting for Containers motor hub traction motors etc. They cater to a diverse client base such as Indian railways, companies engaged in Mining Industry, Cement Industry, chemicals and fertiliser and power plants. The company while catering to railways saw an opportunity in the year 2018 and started an additional line of business of manufacturing Containers. These containers were used by the railway transporters to transport goods via rail network in India. Being a cargo container manufacturing Company, they manufacture a wide product range of castings, including finished components and are specialists in various types of cargo containers such as ISO containers 20’, 25’, 40’, 42’ and other special containers including dwarf containers, cuboid containers, special containers for parcel cargo and containers for two & three wheelers. The company has adopted the no-bake system of moulding and has an automatic sand plant starting from knockout, screening, cooling and mixing of sand. The Company is also involved in exports. In the Financial Year 2022-23, the Company generated revenue from export sales for the products sold in Russia. Kalyani Cast-Tech Limited, with its strong technical foundations and innovative excellence has had an eventful and successful journey. From the commissioning of the first plant, they started pioneering breakthrough innovations in inline cargo in India. Within a span of almost a decade of operations, the organisation has grown many folds and expanded in terms of product portfolio, manufacturing facility, in-house designing and implementation excellence. Kalyani Cast Tech Ltd is set to debut its initial public offering (IPO). The proceeds generated from the Fresh Issue will be allocated towards the following objectives Working Capital Requirements General Corporate Purposes. Here are key details about the Kalyani Cast Tech Ltd IPO: Company Name Kalyani Cast Tech Ltd Kalyani Cast Tech Ltd IPO Opening Date November 8, 2023 Company Incorporated in 2012 Kalyani Cast Tech Ltd IPO Allotment Status November 16, 2023 Kalyani Cast Tech Ltd IPO Closing Date November 10, 2023 Kalyani Cast Tech Ltd IPO Listing Date November 21, 2023 Credit of Shares to the Demat Account November 20, 2023 Kalyani Cast Tech Ltd IPO Lot Size 1000 Shares Kalyani Cast Tech Ltd IPO Face Value ₹10 per share Kalyani Cast Tech Ltd IPO to be Listed on BSE Kalyani Cast Tech Ltd IPO Issue Size 30.11 crore Kalyani Cast Tech Ltd IPO Price band ₹137 to ₹139 per share