The initial public offer (IPO) of KVS Castings received bids for 1,74,000 shares as against 35,60,000 shares on offer, as per BSE data as of 17:00 hours on Friday (26 September 2025). The issue was subscribed 0.05 times.

The issue opened for bidding on Friday (26 September 2025) and it will close on Tuesday (30 September 2025). The price of the IPO is between Rs 53 per to 56 per. The minimum order quantity is 2,000 equity shares. The equity shares will list on BSE’s SME platform.

The IPO comprises fresh issue of 49,70,000 equity shares. The promoter and promoter shareholding will dilute to 70.96% from 96.55% Pre-IPO.

About 2,54,000 equity shares will be reserved for subscription by market maker to the issue. The net issue comprises of 47,16,800 equity shares. The issue and the net issue will constitute 26.50% and 25.01% respectively of the post offer paid up equity share capital of the company.

The company intends to utilize the net proceeds for capital expenditures and for general corporate purposes.

Ahead of the IPO, KVS Castings on Thursday, 25 September 2025, raised Rs 7.89 crore from anchor investors. The board allotted 14.10 lakh shares at Rs 56 per share to 6 anchor investor.

KVS Castings manufactures a wide range of castings, including cast iron, SG iron, alloy steel, and stainless steel. The company specializes in making parts for the automobile, locomotive, and engineering sectors, focusing on innovation and maintaining high-quality standards. As of 31 March 2025, the company had 121 permanent employees.

The company recorded revenue from operations of Rs 50.10 crore and net profit of Rs 6.62 crore for the period ended 31 March 2025.