KVS Castings IPO Sees Strong Demand, Subscribed 4.09x by Day 3

KVS Castings Limited's initial public offering (IPO) has demonstrated strong investor interest through its third and final day of subscription, with KVS Castings' stock price set at ₹53-56 per share reflecting positive market reception. The ₹27.83 crore IPO reached 4.09 times by 5:04:53 PM on day three.

KVS Castings IPO qualified institutional buyers (ex-anchor) segment leads with strong 6.03 times subscription, whilst non-institutional buyers demonstrate strong participation at 5.02 times and individual investors show moderate interest at 2.60 times.

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IPO Subscription Status

Subscription Details as of Day 3 (September 30, 2025, 5:04:53 PM)

Key Highlights - Day 3

• Overall subscription reached strong 4.09 times, showing substantial improvement from day two's 0.46 times
• Qualified institutional buyers (ex-anchor) showing strong performance at 6.03 times, building substantially from day two's 0.00 times
• Non-institutional investors displaying strong interest at 5.02 times, building substantially from day two's 0.74 times
• Individual investors showing moderate confidence at 2.60 times, building substantially from day two's 0.59 times
• Total applications reached 1,352, indicating minimal investor participation for this SME IPO
• Cumulative bid amount reached ₹75.79 crores, significantly exceeding the issue size of ₹27.83 crores

KVS Castings IPO - Day 2 Subscription at 0.46 Times

• Overall subscription reaching limited 0.46 times, showing substantial improvement from day one's 0.05 times
• Non-institutional investors showing limited performance at 0.74 times, building substantially from day one's 0.12 times
• Individual investors displaying limited confidence at 0.59 times, building substantially from day one's 0.06 times
• Qualified institutional buyers (ex-anchor) showing minimal performance at 0.00 times, unchanged from day one's 0.00 times

KVS Castings IPO - Day 1 Subscription at 0.05 Times

• Overall subscription reached limited 0.05 times, showing cautious initial investor interest
• Non-institutional investors showing minimal performance at 0.12 times, indicating very weak HNI appetite
• Individual investors displaying minimal confidence at 0.06 times, showing very weak retail sentiment
• Qualified institutional buyers showing minimal performance at 0.00 times, indicating no initial institutional appetite

About KVS Castings Limited

KVS Castings Limited is engaged in manufacturing of cast iron, SG iron, alloy steel, and stainless steel castings, specializing in producing components for automobile, locomotive, and engineering sectors, offering over 150 products including suspension brackets, brake drums, gearbox housing, pump bodies, and oil filters, employing 121 permanent employees as of March 2025.