KVS Castings IPO to Open on September 26: Price Band Fixed at ₹53-56

Mumbai, September 24: The Initial Public Offering of KVS Castings Limited is set to open on September 26. Investors who are interested in applying can use the ASBA facility through net banking or apply through a UPI mandate.

KVS Castings Limited is an Indian company that manufactures ferrous castings, including cast iron and ductile iron products. The company was established in 2005 as a partnership firm and was later incorporated on 10th June 2019 as a public limited company. Its headquarters are in Kashipur, Uttarakhand, India.

KVS Castings IPO Issue Size of ₹27.83 Crores With Price Band of ₹53-₹56 Per Share

The issue size of the IPO is ₹27.83 crores, and the issue is an entirely fresh issue of 0.50 crore shares, amounting to ₹27.83 crore, with no offer for sale component. KVS Castings IPO, which closed on September 30, has a price band of ₹53-₹56 per share. The lot size is 2,000 shares, amounting to a minimum investment of ₹2,24,000.

The share allotment is expected on October 1, while the credit of shares and refund initiation will tentatively happen on October 3. The shares are expected to list on the BSE SME on October 6. Narnolia Financial Services Ltd. is the book-running lead manager, and Skyline Financial Services Pvt.Ltd is the registrar of the issue.

The company will use the IPO proceeds mainly for capital expenditure, with the balance for general corporate purposes. Arpan Jindal, Managing Director of KVS Castings, said that the IPO will support the company’s focus on expanding technological capabilities, product innovation, and customer value delivery across critical sectors.

KVS Castings IPO Has Reported Mixed Financial Results

For the year ending 31 March 2025, the company’s assets stood at ₹47.75 crore, higher than ₹31.35 crore in FY24 and ₹32.01 crore in FY23. Total income fell to ₹50.43 crore in FY25 from ₹54.70 crore in FY24 and ₹57.61 crore in FY23, showing a revenue decline of 8%. Profit after tax rose 11% to ₹6.63 crore in FY25 compared to ₹5.95 crore in FY24, while in FY23 it was a loss of ₹1.60 crore.

EBITDA improved to ₹9.84 crore in FY25, up from ₹9.00 crore in FY24 and ₹7.51 crore in FY23. Net worth increased strongly to ₹34.45 crore in FY25 from ₹25.79 crore in FY24 and ₹19.83 crore in FY23. Reserves and surplus rose to ₹20.67 crore in FY25 against ₹19.02 crore in FY24 and ₹13.07 crore in FY23. Total borrowing jumped to ₹3.72 crore in FY25 compared to only ₹0.58 crore in FY24, though it was ₹4.98 crore in FY23.

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