IPO Schedule
1
Open
26 Sept
2
Close
30 Sept
3
Allotment
1 Oct
4
Listing
6 Oct
KVS Castings Ltd IPO
Issue:₹56
List:₹66.3
CMP:₹51.5
NSELot: 2000Castings, Forgings & Fastners
LISTEDSME
Issue Price₹56
Listing₹66.3
Current₹51.5
Content
About KVS Castings Ltd
KVS Castings Ltd. specializes in the production of ferrous castings, catering to diverse industries such as automotive, engineering, and railways. They manufacture a range of castings including SG iron, grey iron, and alloy steel castings, focusing on quality and precision.
Subscription Status
QIB
0.00x
NII
0.12x
Retail
0.06x
| Category | Day 3 | Day 2 | Day 1 |
|---|---|---|---|
| QIB | 6.03x | 0.00x | 0.00x |
| NII | 5.02x | 0.74x | 0.12x |
| Retail | 2.60x | 0.59x | 0.06x |
| Total | 4.09x | 0.46x | 0.05x |
Risk Factors
•SME IPO carries inherent risks associated with smaller company size and potential volatility.
•Fluctuations in raw material prices (iron ore, coke, etc.) can impact profitability.
•Dependence on key customers could pose a risk if relationships are disrupted.
•Competition from larger, more established players in the castings industry.
•Changes in government regulations or environmental policies could affect operations.
Promoters & Management
The key management personnel of KVS Castings Limited include: 1. Mr. Arpan Jindal: Managing Director, with over 16 years of experience in management and castings industry. 2. Ms. Shweta Mehrotra: Company Secretary and Compliance Officer, with 10 years of experience in the secretarial department. 3. Mr. Raj Kumar Arora: Chief Financial Officer, with over 37 years of experience in finance, taxation, and management. The Board of Directors comprises: 1. Mr. Arpan Jindal: Managing Director. 2. Mr. Devendra Kumar Agarwal: Non-Executive Director. 3. Ms. Rekha Agarwal: Non-Executive Director. 4. Ms. Venu Jindal: Non-Executive Director. 5. Mr. Puneet Mohindra: Non-Executive Director. 6. Mr. Jaswinder Singh Ahluwalia: Independent Director. 7. Mr. Madhup Misra: Independent Director. 8. Mr. Sudhir Agarwal: Additional Independent Director. The prospectus provides details on the directors' backgrounds, qualifications, and other directorships.