KVS Castings IPO Subscribed 0.21x on Day 2; Shares to List on October 6, 2025

New Delhi, September 29, 2025 – The KVS Castings Limited SME IPO is witnessing muted demand on the second day of bidding. As of 1:15 PM on September 29, 2025, the issue was subscribed 0.21 times.

KVS Castings IPO Subscription Status (As of 1:15 PM IST)

KVS Castings’ Initial Public Offering (IPO) has received a muted response so far. As of 1:15 PM, the issue was subscribed 0.21 times, reflecting limited participation across investor categories.

Individual investors submitted bids reaching 0.29 times their allotment of 16.56 lakh shares, while Non-Institutional Investors (NIIs) were subscribed 0.28 times. Within the NII segment, small NIIs (bids under ₹10 lakh) performed slightly better than large NIIs (bids above ₹10 lakh), registering 0.19 times compared to 0.47 times, respectively.

The Qualified Institutional Buyer (QIB) category, excluding anchor investors, has yet to register any bids. Overall, against an offer of 33.06 lakh shares, only 6.86 lakh shares were bid, resulting in a gross subscription of 0.21 times from 144 applications

KVS Castings IPO Anchor Allocation (Completed September 25, 2025)

Prior to the IPO date, up to 14.10 lakh shares valued at ₹7.89 crore were issued to six anchor investors at ₹56 each. They included NAV Capital Emerging Star Fund, Aarth AI Growth Fund, Longrive Capital VCC-Trendview Capital Fund, Vinly Growth Fund, Silver Stride India Global Fund, and Smart Horizon AIF.

KVS Castings IPO Key Financials (FY23-FY25)

KVS Castings Ltd. has demonstrated steady financial growth over the past three years. Operating revenue increased from ₹127.05 crore in FY23 to ₹176.89 crore in FY25, reflecting consistent business expansion. EBITDA rose from ₹18.21 crore in FY23 to ₹26.12 crore in FY25, with margins improving modestly from 14.33% to 14.77%. Profit After Taxation (PAT) grew from ₹8.45 crore in FY23 to ₹12.78 crore in FY25, while PAT margins improved from 6.65% to 7.23%, highlighting operational efficiency alongside revenue growth.

KVS Castings IPO Schedule

KVS Castings IPO issue of KVS Castings Limited is expected to be finalized on September 30, 2025. Final allotment of the shares will be finalized on October 1, 2025. Refunds and credits for shares will be issued on October 3, 2025. Listings on the stock exchange are scheduled for October 6, 2025.

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