New Delhi, October 6 (Udaipur Kiran): Shares of KVS Castings, a manufacturer of cast iron, SG iron, alloy steel, and stainless-steel castings, made an impressive debut on the stock market today, rewarding its IPO investors with solid listing gains.

The company’s shares, issued at ₹56 per share under the IPO, were listed on the BSE SME platform at ₹66.30, marking an 18.39% premium over the issue price. Following strong buying interest post-listing, the stock surged further to hit the upper circuit level of ₹69.61, delivering a 24.30% profit to IPO investors on the very first day of trading.

🔹 IPO Subscription and Details

The ₹27.83 crore IPO of KVS Castings was open for subscription from September 26 to 30, receiving a moderate response from investors. It was subscribed 4.09 times overall:

Under the public issue, the company offered 49.70 lakh new equity shares with a face value of ₹10 each. The funds raised will be utilized to meet working capital requirements and for general corporate purposes.

🔹 Financial Performance

As per the company’s prospectus, KVS Castings has shown consistent growth in profits over the last three years:

• FY 2022–23: ₹4.84 crore

• FY 2023–24: ₹5.95 crore

• FY 2024–25: ₹6.63 crore

However, revenue has seen a decline during the same period:

• FY 2022–23: ₹57.51 crore

• FY 2023–24: ₹54.70 crore

• FY 2024–25: ₹50.43 crore

The company’s debt levels fluctuated over the years:

• FY 2022–23: ₹4.98 crore

• FY 2023–24: ₹0.58 crore

• FY 2024–25: ₹3.72 crore

Meanwhile, reserves and surplus stood at:

• FY 2022–23: ₹19.51 crore

• FY 2023–24: ₹25.46 crore

• FY 2024–25: ₹20.67 crore

Despite declining revenues, the company’s profitability and financial strength have remained stable, reflecting effective management and operational efficiency.