Kalyani Cast Tech IPO vs Sheetal Universal IPO

Comparision between Kalyani Cast Tech IPO and Sheetal Universal IPO.

IPO Details

Kalyani Cast Tech IPO is a SME Fixed Price Issue IPO proposed to list at BSE SME while Sheetal Universal IPO is a SME Fixed Price Issue proposed to list at NSE SME.

	Kalyani Cast Tech IPO	Sheetal Universal IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Book Built Issue	Fixed Price Issue
Listing At	BSE SME	NSE SME
Lead Managers	Gretex Corporate Services Limited	Beeline Capital Advisors Pvt Ltd
Registrar	Bigshare Services Pvt Ltd	Bigshare Services Pvt Ltd
Market Maker	Gretex Share Broking Private Limited	Spread X Securities Private Limited
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Kalyani Cast Tech IPO is up to ₹30.11 Cr whereas the issue size of the Sheetal Universal IPO is up to ₹23.80 Cr. The final issue price of Kalyani Cast Tech IPO is ₹139.00 per share and of Sheetal Universal IPO is ₹70.00 per share.

	Kalyani Cast Tech IPO	Sheetal Universal IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹137.00 per share
Issue Price (Upper)	₹139.00 per share
Issue Price (Final)	₹139.00 per share	₹70.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1000 shares	2000 shares
Fresh Issue Size	21,66,000 shares	34,00,000 shares
Fresh Issue Size (Amount)	up to ₹30.11 Cr	up to ₹23.80 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	21,66,000 shares	34,00,000 shares
Issue Size Total (Amount)	up to ₹30.11 Cr	up to ₹23.80 Cr

IPO Timetable

Kalyani Cast Tech IPO opens on Nov 08, 2023, while Sheetal Universal IPO opens on Dec 04, 2023. The closing date of Kalyani Cast Tech IPO and Sheetal Universal IPO is Nov 10, 2023, and Dec 06, 2023, respectively.

	Kalyani Cast Tech IPO	Sheetal Universal IPO
Anchor Bid Date	Nov 07, 2023
Issue Open	Nov 08, 2023	Dec 04, 2023
Issue Close	Nov 10, 2023	Dec 06, 2023
Basis Of Allotment (Tentative)	Nov 13, 2023	Dec 07, 2023
Initiation of Refunds (Tentative)	Nov 15, 2023	Dec 08, 2023
Credit of Share (Tentative)	Nov 17, 2023	Dec 08, 2023
Listing date (Tentative)	Nov 17, 2023	Dec 11, 2023
Anchor Lockin End date 1	Dec 13, 2023	Jan 06, 2024
Anchor Lockin End date 2	Feb 11, 2024	Mar 06, 2024

Financials

Kalyani Cast Tech IPO P/E ratio is 8.67, as compared to Sheetal Universal IPO P/E ratio of 27.34.

Kalyani Cast Tech IPO

Sheetal Universal IPO

Financial

Kalyani Cast Tech Ltd Financial Information (Restated)

Kalyani Cast Tech Ltd's revenue increased by 28.08% and profit after tax (PAT) rose by 585.07% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	30 Jun 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	3,059.18	2,420.19	1,599.54	1,367.88
Revenue	2,467.85	6,336.46	4,947.12	1,135.26
Profit After Tax	293.64	803.79	117.33	35.36
Net Worth	1,717.65	1,424.01	620.22	502.89
Reserves and Surplus	1,216.20	922.56	118.77	1.44
Total Borrowing	581.92	342.05	269.87	498.54
Amount in ₹ Lakhs

Sheetal Universal Limited Financial Information (Restated Consolidated)

Sheetal Universal Limited's revenue increased by 230.49% and profit after tax (PAT) rose by 602.4% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	31 Aug 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	4,370.03	2,804.02	1,602.82	1,272.15
Revenue	5,826.93	13,165.68	3,983.67	3,883.53
Profit After Tax	187.67	198.85	28.31	25.41
Net Worth	1,046.89	649.22	450.37	422.07
Reserves and Surplus	241.29	299.22	100.37	72.07
Total Borrowing	1,463.22	1,356.24	984.80	625.07
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

100%

95%

Promoter Shareholding (Post-Issue)

69.83%

66.81%

P/E Ratio

8.67

27.34

Market Cap

₹99.81 Cr.

₹80.19 Cr.

ROE

78.64%%

36.17%%

ROCE

67.56%%

21.59%%

Debt/Equity

0.34

2.09

EPS

₹16.03

₹2.56

RoNW

56.45%%

30.63%%

Shares Offered

In the Kalyani Cast Tech IPO retail investors (RII) are offered 6,32,000 shares while in Sheetal Universal IPO retail investors are offered 6,32,000 shares. Qualified institutional buyers (QIB) are offered 3,61,000 shares in Kalyani Cast Tech IPO and 0 shares in Sheetal Universal IPO.

	Kalyani Cast Tech IPO	Sheetal Universal IPO
Anchor Investor Reserveration	5,40,000 shares
Market Maker Reserveration	3,62,000 shares	1,72,000 shares
QIB	3,61,000 shares	0 shares
NII	2,71,000 shares	16,14,000 shares
RII	6,32,000 shares	16,14,000 shares
Employee	0 shares	0 shares
Others
Total	12,64,000 shares	32,28,000 shares

Bids Received (Subscription)

Kalyani Cast Tech IPO subscribed 208.59x in total, whereas Sheetal Universal IPO subscribed 179.20x.

	Kalyani Cast Tech IPO	Sheetal Universal IPO
QIB (times)	66.35x
NII (times)	439.20x	212.55x
Big NII (times)
Small NII (times)
RII (times)	190.95x	129.73x
Employee (times)
Other (times)
Total (times)	208.59x	179.20x

Compare with others

Kalyani Cast Tech IPO	Sheetal Universal IPO
Net Avenue Technologies IPO	Rockingdeals Circular Economy IPO
Deepak Chemtex IPO	Arrowhead Seperation Engineering IPO
Swashthik Plascon IPO	Kalyani Cast Tech IPO
Rockingdeals Circular Economy IPO	ROX Hi-Tech IPO
Arrowhead Seperation Engineering IPO	Sunrest Lifescience IPO
ROX Hi-Tech IPO	Baba Food Processing IPO
Sunrest Lifescience IPO	Micropro Software Solutions IPO
Sheetal Universal IPO	SAR Televenture IPO
Baba Food Processing IPO	Vrundavan Plantation IPO
Micropro Software Solutions IPO	Mish Designs IPO

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