Kalyani Cast Tech IPO: Issue fully subscribed on first day; check latest GMP, other key things to know
₹30.11 crore from the SME IPO that closes on November 10. Kalyani Cast Tech IPO is an SME IPO and a book built issue. The IPO has received strong investors’ demand as it has been fully subscribed within hours of opening.
The company manufactures a wide product range of castings, including finished components and is a specialist in various types of cargo containers. The company has a diverse client base including Indian Railways, Mining industry, cement industry, chemical and fertilizer plants and power industries. Also Read: Stellar Debut: SAR Televenture share price lists at 90% premium at ₹105 on NSE SME Let us take a look at Kalyani Cast Tech IPO subscription status, latest GMP and other key things to know: Kalyani Cast Tech IPO opened for subscription on Wednesday, November 8, and will close on Friday, November 10.
The company is expected to finalise the basis of IPO allotment on November 16. Kalyani Cast Tech IPO price band has been fixed at ₹137 to ₹139 per share. The public issue is entirely a fresh issue of 21.66 lakh shares and the company plans to raise ₹30.11 crore from the IPO at the upper end of the price band.
The IPO lot size is 1,000 shares and the minimum investment amount required by retail investors is ₹139,000. (Exciting news! Mint is now on WhatsApp Channels Subscribe today by clicking the link and stay updated with the latest financial insights! Click here!) The company proposes to utilise the IPO proceeds for working capital requirements and general corporate purposes. The equity shares of Kalyani Cast Tech will be listed on BSE SME with tentative listing date fixed on November 21.
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