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KVS Castings Makes Strong Market Debut, Hits Upper Circuit After Robust Listing
Sandy Verma | October 7, 2025 12:24 PM CST

New Delhi, October 6 (Read): Shares of KVS Castingsa manufacturer of cast iron, SG iron, alloy steel, and stainless-steel castingsmade 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 ₹66.30marking 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 ₹69.61delivering 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 30receiving 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.

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.

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