Kalana Ispat IPO
GMP, Subscription, Price, Dates & Financial Details
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 segmentsSale of Products, andSale of Services.The manufacturing facility has been duly certified by…
Open Date
Thu, 19 Sep 2024
Close Date
Mon, 23 Sep 2024
Issue Price
₹ 66
Lot Size
2000
Issue Size
₹ 32.59 Cr
Minimum Investment
₹ 264,000 (4000 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
Kalana Ispat IPO has successfully completed its IPO process and is now listed on NSE SME Platform. According to the Red Herring Prospectus (RHP), the IPO was a fixed price issue with a total issue size of ₹32.59 Crore, comprising a fresh issue of 49.38 Lakh equity shares aggregating to ₹32.59 Crore.
The Kalana Ispat IPO remained open for subscription from September 19, 2024, to September 23, 2024. The basis of allotment was finalized on September 24, 2024, and the company's shares were listed on NSE SME Platform on September 26, 2024.
The company had fixed the price at ₹66 per share, with a lot size of 2000 shares. Retail investors were required to make a minimum investment of ₹264,000 (based on the upper price band) to apply for one lot.
Skyline Financial Services Private Ltd served as the registrar to the issue. Jawa Capital Services Private Limited acted as the Book Running Lead Managers (BRLMs) to the issue.
With the successful completion of the IPO process, Kalana Ispat Limited is now a publicly listed company on NSE SME Platform. Investors can track the company's share price, trading performance, financial results, and corporate announcements through the stock exchanges.
Kalana Ispat IPO Timeline (Tentative)
- IPO Open Date
- Thu, 19 Sep 24
- IPO Close Date
- Mon, 23 Sep 24
- Basis of Allotment
- Tue, 24 Sep 24
- Initiation of Refunds
- Wed, 25 Sep 24
- Credit of Shares to Demat
- Wed, 25 Sep 24
- Listing Date
- Thu, 26 Sep 24 — NSE & BSE
Open Date
19 September 2024
Close Date
23 September 2024
Basis Of Allotment
24 September 2024
Listing Date
26 September 2024
IPO Subscription
Check Live Subscription →The Kalana Ispat IPO has received bids for 26,75,34,000 shares against 46,90,000 shares offered, resulting in an overall subscription of 57.04x. the NII category is subscribed 36.11x, Retail Investors 73.37x, and QIBs 0x.
QIB
0x
NII
36.11x
RII
73.37x
Total
57.04x
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 23,45,000 shares, representing 47.49% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 0 shares (%), while Non-Institutional Investors (NIIs) receive 23,45,000 shares (47.49%).
| Category | Shares Offered | Shares Offered % |
|---|---|---|
| Market Maker | 248,000 | 5.02% |
| Non-Institutional | 2,345,000 | 47.49% |
| Retail Investors | 2,345,000 | 47.49% |
| Total | 4,938,000 | 100% |
Financials Details(₹ 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 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
Kalana Ispat Limited KPI Information
| 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 |
Peers Comparison
No Peer Comparision Available
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
Kalana Ispat Limited Address / Contact Details
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
Kalana Ispat IPO Lot Size
The Kalana Ispat IPO has a lot size of 2,000 shares. Retail investors require a minimum investment of ₹1,32,000 by applying for 1 lot (2,000 shares). The maximum application allowed for the retail category is 1 lots (2,000 shares), requiring an investment of ₹1,32,000.
| 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 |
Issue Reservation
- Market Maker — 5.02%
- NII — 47.49%
- RII — 47.49%
Book Running Lead Managers
- Jawa Capital Services Private Limited
IPO Documents & Links
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Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the Kalana Ispat 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.
When will the Kalana Ispat IPO open for subscription?
The Kalana Ispat IPO opens on Thu, Sep 19, 2024 and closes on Mon, Sep 23, 2024
What is Kalana Ispat IPO Price Band?
Kalana Ispat IPO Price Band is ₹66 to 66 per share.
What is Kalana Ispat IPO Lot Size?
Kalana Ispat IPO lot size is 2000 shares, Retail investors need a minimum investment of ₹264000 based on the upper price band
What is the minimum investment for Kalana Ispat IPO?
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.
How to apply for Kalana Ispat IPO?
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.
What is Kalana Ispat IPO Issue Size?
Kalana Ispat IPO issue size is ₹32.59 crores.
What is the Kalana Ispat IPO Allotment Date?
Kalana Ispat IPO allotment date is Tue, Sep 24, 2024.
Who is the Kalana Ispat IPO Registrar?
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.
What is the Kalana Ispat IPO GMP?
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 15.15% over the issue price.
Who is the Kalana Ispat IPO Lead Manager?
The book-running lead managers (BRLMs) for the Kalana Ispat IPO are Jawa Capital Services Private Limited. The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the Kalana Ispat IPO Red Herring Prospectus (RHP).