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KVS Castings IPO
Price Band
₹53.0–56.0
Issue Size
₹27.83 Cr
Lot Size
2,000 shares
Min Investment
₹224,000
2 LOTS MIN
GMP
+₹3.0 (5.36%)
Issue Price
₹56.0
Subject to Sauda
₹4600
Paid only if allotted
KVS Castings IPO AI Summary
- KVS Castings IPO is listed on BSE SME in the Castings & Forgings sector.
- Price band: ₹53.0–₹56.0 per share, lot size 2,000 shares (min. investment ₹224,000, 2 lots minimum).
- Subscription window: 26 Sep–30 Sep 2025, listing on 06 Oct 2025.
- Current GMP is +₹3.0 (5.36%), an estimated listing price of ₹59 — unofficial and can change daily.
KVS Castings Limited is an SME engaged in manufacturing various types of castings for the automotive and engineering sectors. The company shows a positive profit trend but a decline in total income over recent periods. Investors should consider the company's fundamentals and their own risk tolerance when evaluating this IPO.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
KVS Castings IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 30 Sep 2025 — not a current signal.
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
KVS Castings IPO Grey Market Premium (GMP) Today
GMP
+₹3.0
GMP %
+5.36%
Est. Listing
₹59.0
Updated: 25 Jul 2026 14:15
About the Company
Incorporated in 2005, KVS Castings Limited is engaged in the manufacturing of cast iron, SG iron, alloy steel, and stainless steel castings. The company specialises in producing components for the automobile, locomotive, and engineering sectors, emphasising innovation and adherence to quality standards. The company offers a complete casting solution with over 150 products, including suspension brackets, brake drums, gearbox housing, pump bodies, oil filters, and more, made from cast iron to stainless steel. Product Portfolio: Gear Shifter: Gear Transmission part of Two-wheeler Compressor Front Housing: Cover Housing for Passenger Car Air Conditioning System Leaver Shift: Gear Shifting lever of Passenger Car for Gear Transmission System Oil Filter: Assembly part of Oil filtration system for passenger car Ace Brake Drum: Rear Brake Drum of Light Commercial Vehicle Braking System As of March 31, 2025, the Company has employed 121 permanent employees. Competitive Strength: Diversified Customer Base Diversified Product Portfolio Strategic Location In-House Tool and Pattern Making Facilities Dedicated and Experienced Workforce
Company Financials (₹ Cr)
As of 2025-03-31
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 47.75 | 31.35 | 32.01 |
| Total Income | 50.43 | 54.70 | 57.51 |
| Profit After Tax | 6.63 | 5.95 | 4.84 |
| EBITDA | 9.84 | 9.00 | 7.51 |
| NET Worth | 34.45 | 25.79 | 19.83 |
| Reserves and Surplus | 20.67 | 25.46 | 19.51 |
| Total Borrowing | 3.72 | 0.58 | 4.98 |
Key Ratios
EPS
₹4.81
NAV
₹19.41
ROE
22%
ROCE
23.78%
RoNW
22%
P/B Value
2.89
P/E Ratio
11.65
Market Cap
₹105.02 Cr
PAT Margin
13.22%
Debt/Equity
0.11
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic | EPS Diluted |
|---|---|---|---|---|---|
| Thaai Casting Limited | 36.31 | 13.97% | 20.95 | 5.07 | 5.07 |
| Universal Autofoundry Ltd | 58.7 | 3.34% | 33.81 | 1.98 | 1.98 |
| KVS Castings Limited This IPO | 24.99 | 19.37% | — | 4.5 | 4.5 |
Promoters
Arpan Jindal, Devendra Kumar Agarwal, Rekha Agarwal, Venu Jindal and Kumaun Garhwal Infrastructural Industrial Corp.Pvt.Ltd.
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Capital Expenditures 21.50 2 General Corporate Purposes 2.71 3 Issue Expenses 3.62 Total 27.83
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income was ₹57.51 Cr in the period ending 31 Mar 2023, decreasing to ₹54.70 Cr by 31 Mar 2024, and further declining to ₹50.43 Cr by 31 Mar 2025. This indicates a downward trend in total income over the three periods.
Profit Trend
Profit After Tax was ₹4.84 Cr in the period ending 31 Mar 2023, increasing to ₹5.95 Cr by 31 Mar 2024, and rising further to ₹6.63 Cr by 31 Mar 2025. This shows a positive trend in profit over the reported periods.
Valuation
KVS Castings Limited's implied P/E ratio at the issue price is approximately 11.65, compared to peers trading at P/E ratios of 20.95 to 33.81.
Grey Market Premium, Explained
The Grey Market Premium (GMP) indicates the expected listing price of an IPO based on demand in the unofficial market. A positive GMP suggests that investors anticipate a higher listing price than the issue price.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their investment goals and risk tolerance. It's important to consider the company's fundamentals and market conditions.
Who May Want to Wait
Investors who prefer stable and established companies may want to avoid this IPO, as it operates in a competitive sector and may experience fluctuations in performance.
IPO Timeline, Explained
The IPO opens for subscription on September 26, 2025, and closes on September 30, 2025. Allotment of shares will be done on October 1, 2025, with the listing date set for October 6, 2025.
Listing Gains — The Risk
Listing gains refer to the potential profit an investor can make when shares are listed on the stock exchange. However, these gains are not guaranteed and can be influenced by market conditions and investor sentiment.
This evaluation is generated from KVS Castings's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is KVS Castings IPO GMP today?
KVS Castings IPO GMP today is +₹3.0 (5.36%), indicating an estimated listing price of ₹59. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of KVS Castings IPO?
The price band of KVS Castings IPO is ₹53.0–₹56.0 per share.
When does KVS Castings IPO open and close?
KVS Castings IPO opens on 26 September 2025 and closes on 30 September 2025.
When does KVS Castings IPO list on the stock exchange?
KVS Castings IPO listed on 06 October 2025 at ₹59.0.
What is the lot size for KVS Castings IPO?
The lot size for KVS Castings IPO is 2000 shares, requiring a minimum investment of ₹224,000 (2 lots).
What is the price band for the KVS Castings IPO?
The price band for the KVS Castings IPO is ₹53.0 to ₹56.0.
What is the minimum investment required for this IPO?
The minimum investment required for this IPO is ₹224,000.
What is the lot size for the KVS Castings IPO?
The lot size for the KVS Castings IPO is 2000 shares.
When is the listing date for KVS Castings?
The listing date for KVS Castings is October 6, 2025.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected listing price of the IPO based on demand in the unofficial market.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
26 Sep 2025
Close
30 Sep 2025
Allotment
01 Oct 2025
Listing
06 Oct 2025
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