Kalana Ispat IPO Details
The Kalana Ispat IPO is a fixed price issue with a total issue size of ₹32.59 cr, comprising of fresh issue of 4938000 equity shares. Kalana Ispat IPO opened for subscription on Sep 19, 2024 and closed on Sep 23, 2024. Kalana Ispat IPO has set the price at ₹66 per share, with a lot size of 2000 shares. Minimum investment for Retail investors was ₹264,000.00 (at the upper price band) to apply for one lot.
The basis of allotment got finalized on Sep 24, 2024, and listed on the NSE on Sep 26, 2024.
Skyline Financial Services Private Ltd has been appointed as the registrar. Jawa Capital Services Private Limited are the Book Running Lead Manager for the issue.
Before investing in the Kalana Ispat IPO, investors should review the company's financial performance, business objectives, and risk factors mentioned in the offer documents and apply before the subscription window closes.
- Price Band
- ₹ 66 – 66
- Lot Size
- 2000
- Issue Size
- ₹32.59 Cr
- Minimum Investment
- ₹264000 (4000 Shares)
- Listing Date
- 26 September 2024
Current GMP
₹10 (+15.15%)
*Info is indicative. Not an Investment Advice. Grey market trading is unregulated.
About Kalana Ispat Limited
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.
Kalana Ispat IPO 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%
Kalana Ispat IPO Objective
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
Book Running Lead Managers
- Jawa Capital Services Private Limited
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 with a total issue size of ₹32.59 crore. The Kalana Ispat IPO price band is ₹66 to 66 per share. The Kalana Ispat IPO subscription opens on Thu, Sep 19, 2024, and closes on Mon, Sep 23, 2024. The Kalana Ispat IPO will be listed on the NSE. Skyline Financial Services Private Ltd is the registrar for the Kalana Ispat IPO.
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 per share.
Kalana Ispat IPO lot size is 2000 shares, Retail investors need a minimum investment of ₹264000 based on the upper price band
The minimum investment for Kalana Ispat IPO is ₹264000, based on one lot of 2000 shares at the upper price band of ₹66 per share.
Investors can apply for the Kalana Ispat IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Mon, Sep 23, 2024. The application amount remains blocked until the Kalana Ispat IPO allotment is finalized.
Kalana Ispat IPO issue size is ₹32.59 crores.
Kalana Ispat IPO allotment date is Wed, Jul 1, 2026.
The registrar for Kalana Ispat IPO is Skyline Financial Services Private Ltd. Investors can go to Skyline Financial Services Private Ltd website to check Kalana Ispat IPO allotment status, refund processing, and other IPO-related information.
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 0% over the issue price.