Kalana Ispat IPO
Open SmeCurrent GMP
₹10 (+15.15%)
Price Band
₹ 66 – 66
Lot Size
2000
Issue Size
₹32.59 Cr
Minimum Investment
₹264000 (4000 Shares)
Listing Date
26 September 2024
Subscription
57.04x
About the Company
Incorporated in October 2012, Kalana Ispat Limited is primarily involved in manufacturing M.S. Billets and Alloy Steel Billets of various grades.
The company's business can be divided into segments
- Sale of Products, and
- Sale of Services.
The manufacturing facility has been duly certified by international standards of quality management systems such as ISO 2830:2012.
The company's manufacturing unit has an annual capacity of 38000MT/Annum.
Promoters
The promoters of the company are
- Mr. Aftabhusen S Khandwawala
- Mr. Varghese Joseph Pottakerry
- Mr. Gurubaxsing Jamiatsing Bagga
- Mr. Sadik Nannabhai Qureshi.
Promoters Holding
Holding Pre Issue
82.72%
Holding Post Issue
51.38%
Objects of the Issue
The objects of the present issue of Equity Shares are:
- Capital Expenditure for Installation of 4 MW DC & 3.5 MW AC Ground Mounted Solar Power Plant - TPSAT Structure
- Capital expenditure for setting up of rolling mill at Survey No. 4/1 Taluka Sanand, Mouje Kala village, Ahmedabad by the construction of the industrial shed, purchase of equipment/machinery, other assets etc; and
- General Corporate Purpose
Address / Contact Info
Kalana Ispat Limited
504, Ashwamegh Avnue,
5th Floor, Nr Mithakhali Underbridge
Mithakhali, Ahmedabad,-380009
Phone: +91-81418 48159
Email: compliance@kalanaispat.com
Website: https://kalanaispat.com
IPO Snapshot
IPO Timeline (Tentative)
IPO Open Date
Thursday, 19 September 2024
IPO Close Date
Monday, 23 September 2024
Basis of Allotment
Tuesday, 24 September 2024
Initiation of Refunds
Wednesday, 25 September 2024
Credit of Shares to Demat
Wednesday, 25 September 2024
Listing Date
Thursday, 26 September 2024 — NSE & BSE
Important Dates
Open Date
19 September 2024
Close Date
23 September 2024
Basis Of Allotment
24 September 2024
Listing Date
26 September 2024
Financial Performance (₹ in Crores)
| Particular | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 1885.71 | 1617.46 | 1264.89 | 1330.7 |
| Revenue | 7394.46 | 8335.87 | 5793.32 | 4298.06 |
| Profit After Tax | 236.7 | 50.09 | 13.66 | 13.62 |
| Net Worth | 1081.58 | 441.94 | 391.65 | 376.19 |
| Reserve & Surplus | 271.46 | 339.7 | 289.61 | 275.95 |
| Total Borrowings | 461.38 | 861.79 | 260.57 | 262.93 |
EPS Pre
2.92%
EPS Post
1.81%
P/E Pre
22.59
P/E (Post Issue)
36.37x
Company Financial Information
KPI Information (₹ in Crores)
| Particular | KPI as of March 31, 2024. |
|---|---|
| ROE % | 31.12 |
| ROCE % | 21.2 |
| Debt / Equity | 0.43 |
| RoNW % | 21.88 |
| PbW | 4.76 |
| Pat Margin % | 3.21 |
Return Ratio
IPO Reservations
| Category | Shares Offered | Shares Offered % | Max Allotee |
|---|---|---|---|
| Market Maker | 248000 | 5.02 | 0 |
| Non-Institutional | 2345000 | 47.49 | 0 |
| Retail Investors | 2345000 | 47.49 | 0 |
| Total | 4938000 | 100 | 0 |
Subscription Status ( Mon, 23 Sep 24 11:11 AM)
| Category | Shares Offered | Shares Bid For | Subscription (x) |
|---|---|---|---|
| Qualified Institutions | 0 | 10812000 | 0x |
| Non-Institutional | 2345000 | 84676000 | 36.11x |
| Retail Investors | 2345000 | 172046000 | 73.37x |
| Total | 4690000 | 267534000 | 57.04x |
Subscription figures are updated periodically and may change until issue closing. Data reflects bids placed across exchanges.
Peer Comparision
No Peer Comparision Available
Lot Size & Investment Details
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 2,000 | 132,000.00 |
| Retail (Max) | 1 | 2,000 | 132,000.00 |
| S-HNI (Min) | 2 | 4,000 | 264,000.00 |
Registrar
Skyline Financial Services Private Ltd
02228511022
info@skylinerta.com
https://www.skylinerta.com
Book Running Lead Managers
- Jawa Capital Services Private Limited
RHP Document
DRHP Document
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
Kalana Ispat IPO is a Fixed price IPO worth ₹32.59 crores. The price band is ₹66 to 66 per share. The IPO opens on Thu, Sep 19, 2024 and closes on Mon, Sep 23, 2024. It will be listed on BSE and NSE. Skyline Financial Services Private Ltd is the registrar.
The Kalana Ispat IPO opens on Thu, Sep 19, 2024 and closes on Mon, Sep 23, 2024
Kalana Ispat IPO Price Band is ₹66 to 66.
Kalana Ispat IPO lot size is 2000, and the minimum amount required for application is ₹264000.
The minimum investment for Kalana Ispat IPO is approximately ₹264000 based on the upper price band.
To apply for the Kalana Ispat IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of Mon, Sep 23, 2024. After submission, funds are blocked until the basis of allotment of Kalana Ispat IPO is finalised.
Kalana Ispat IPO issue size is ₹32.59 crores.
Kalana Ispat IPO allotment date is Sat, Jun 27, 2026.
The registrar for Kalana Ispat IPO is Skyline Financial Services Private Ltd. Investors can go to Skyline Financial Services Private Ltd website for IPO allotment status, refund processing, and other queries related to Kalana Ispat IPO through their official website or helpline.
The Kalana Ispat IPO GMP (Grey Market Premium) is ₹10 as of Thu, Sep 26, 2024. Based on the upper price band of ₹66 per share, the estimated Kalana Ispat IPO listing price is ₹76, indicating a potential listing gain of approximately 31% over the issue price.