Kalana Ispat Limited IPO

NSE SME

Listed On: Sep 26, 2024 at ₹ 45.15

₹ 132000 /2000 Shares

Check Allotment

Kalana Ispat IPO Details

19 Sep, 2024

Open Date

23 Sep, 2024

Close Date

24 Sep, 2024

Allotment Date

26 Sep, 2024

Listing Date

Issue Price

₹66 per equity share

Face Value

₹10 Per Equity Share

Listing at Group

NSE SME

Registrar

Skyline Financial Services Private Ltd

List Price

45.15

Listing Date

2024-09-26

Market Lot

2000 Shares (₹132,000/-)

Lead Manager

Jawa Capital Services Private Limited

Issue Size

4,938,000 shares(aggregating up to ₹32.59 Cr)

Retail Portion

50%

Subscription

57.67 times

IPO Docs

DRHP RHP

The IPO of Kalana Ispat is priced at ₹66 per equity share, which has a face value of ₹10 Per Equity Share each. The company shall list its equity shares on NSE SME. Skyline Financial Services Private Ltd is the registrar of the issue.

Kalana Ispat IPO bid opening date is from Sep 19, 2024 and the bid closing date was Sep 23, 2024.
Kalana Ispat IPO allotment result will be available on Sep 24, 2024. The tentative listing date for Kalana Ispat is Sep 26, 2024.

The total issue size is 4,938,000 shares(aggregating up to ₹32.59 Cr).

As on	QIB / NII	Retail	Total
Shares Offered / Reserved	2,345,000	2,345,000	4,690,000
Day 1 - 19-09-24 06:00 PM	0.19 x	1.39 x	0.79 x
Day 2 - 20-09-24 06:00 PM	1.19 x	7.82 x	4.50 x
Day 3 - 23-09-24 06:00 PM	40.80 x	74.54 x	57.67 x

Total No. of Applications: 87,403 (Approx)

Kalana Ispat Valuations

EPS Pre IPO

₹2.92/-

EPS Post IPO

₹1.81/-

P/E Pre IPO

22.59

P/E Post IPO

36.37

ROE

31.12%

ROCE

21.20%

Debt/Equity

0.43

RoNW

21.88%

PAT Margin

3.21

Price to Book Value

4.76

Kalana Ispat Company Financials All values are in ₹ Lakh

	31-Mar-24	31-Mar-23	31-Mar-22
Assets	1,885.71	1,617.46	1,264.89
Revenue	7,394.46	8,335.87	5,793.32
Profit After Tax	236.7	50.09	13.66
Net Worth	1,081.58	441.94	391.65
Reserves & Surplus	271.46	339.7	289.61
Total Borrowing	461.38	861.79	260.57

About The Company

Incepted in October 2012, Kalana Ispat Limited is mainly engaged in the production of M.S. Billets and Alloy Steel Billets of different grades.

The company undertakes business through the following segments:
Sale of products
Sale of services

The manufacturing facility is certified by international standards of quality management systems like ISO 2830:2012.

The manufacturing capacity of the company's unit is 38000MT/Annum.

As of September 2024, the company has three key management personnel (KMPs) and fifteen employees on its payroll. Besides, the company arranges for temporary manpower according to its production requirements from service agencies.

Kalana Ispat - Promoter(s)

Pre Issue Share Holding: 82.72%

Post Issue Share Holding: 51.38%

Company Promoter(s)

Mr. Aftabhusen S Khandwawala, Mr. Varghese Joseph Pottakerry, Mr. Gurubaxsing Jamiatsing Bagga and Mr. Sadik Nannabhai Qureshi.

Kalana Ispat IPO - Issue Objectives

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
General Corporate Purpose

Other Details

Company Contact Details

Kalana Ispat

504, Ashwamegh Avnue, 5th Floor, Nr Mithakhali Underbridge, Mithakhali, Ahmedabad,-380009

Phone: +91-81418 48159

Email: compliance@kalanaispat.com

Website: https://kalanaispat.com/

Registrar Contact Details

Skyline Financial Services Private Ltd

Phone: 02228511022

Email: ipo@skylinerta.com

Website: https://www.skylinerta.com/ipo.php

Kalana Ispat IPO - FAQs

Ans. Kalana Ispat Limited IPO is a SME IPO. The issue is priced at ₹66 per equity share. The minimum order quantity is 2000 Shares. The IPO opens on Sep 19, 2024, and closes on Sep 23, 2024. Skyline Financial Services Private Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.

Ans. The Kalana Ispat Limited IPO opens on Sep 19, 2024 and closes on Sep 23, 2024.

Ans. The size of Kalana Ispat Limited IPO is 4,938,000 shares(aggregating up to ₹32.59 Cr).

Ans. The IPO price band is set between ₹66 per equity share.

Ans. To apply for Kalana Ispat Limited IPO IPO, follow the steps given below:

- Open the IPO Ji App or Website
- Find Kalana Ispat Limited IPO in the List of IPOs
- Press "Apply" Button
- Select Your Demat Account
- Select Your Shares Quantity and Submit
- Track Your IPO Status

Ans. The share allotment date of Kalana Ispat Limited IPO is Sep 24, 2024.

Ans. The Kalana Ispat Limited IPO will be listed on Sep 26, 2024.

Ans. Follow the steps to check the allotment status for Kalana Ispat Limited IPO here.