Fixed Price IPO | ₹33 Cr | Listed at NSE SME | Thu, Sep 19, 2024 - Mon, Sep 23, 2024
Kalana Ispat IPO is a fixed price issue of ₹32.59 crores. The issue is entirely a fresh issue of 0.49 crore shares of ₹32.59 crore.
Kalana Ispat IPO bidding started from Sep 19, 2024 and ended on Sep 23, 2024. The allotment for Kalana Ispat IPO was finalized on Sep 24, 2024. The shares got listed on NSE SME on Sep 26, 2024.
Kalana Ispat IPO price is ₹66 per share. The lot size for an application is 2,000. The minimum amount of investment required by an individual investor (retail) is ₹1,32,000 (2000 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (4,000 shares), amounting to ₹2,64,000.
Jawa Capital Services Pvt.Ltd. is the book running lead manager and Skyline Financial Services Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Aftertrade Broking Pvt.Ltd..
Refer to Kalana Ispat IPO RHP for detailed Information.
IPO Open
Thu, Sep 19, 2024
IPO Close
Mon, Sep 23, 2024
Issue Price
₹66 per share
Market Cap (Pre-IPO)
₹86.08 Cr
| IPO Date | 19 to 23 Sep, 2024 |
| Listed on | Thu, Sep 26, 2024 |
| Face Value | ₹10 per share |
| Issue Price | ₹66 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Total Issue Size | 49,38,000 shares (agg. up to ₹33 Cr) |
| Reserved for Market Maker | 2,48,000 shares Aftertrade Broking Pvt.Ltd. (agg. up to ₹2 Cr) |
| Fresh Issue (Ex Market Maker) | 46,90,000 shares (agg. up to ₹31 Cr) |
| Net Offered to Public | 46,90,000 shares (agg. up to ₹31 Cr) |
| Share Holding Pre Issue | 81,01,185 shares |
| Share Holding Post Issue | 1,30,41,985 shares |
| NSE Symbol | KALANA |
| ISIN | INE0T0L01014 |
Kalana Ispat IPO comprises a total issue size of 49,38,000 shares. The net offer to the public is 46,90,000 shares, after excluding 2,48,000 shares allotted on a firm basis. Of the Net offer 23,44,000 (49.98%) allocated to NII 23,46,000 (50.02%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 23,44,000 | 49.98% | 47.47% |
| Retail Shares Offered | 23,46,000 | 50.02% | 47.51% |
| Firm Reservations | |||
| Market Maker Shares Offered | 2,48,000 | 5.02% | |
| Total Shares Offered | 49,38,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 2,000 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2,000 | ₹1,32,000 |
| Retail (Max) | 1 | 2,000 | ₹1,32,000 |
| HNI (Min) | 2 | 4,000 | ₹2,64,000 |
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
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.
Competitive Strength
As of September 2024, the company has three key management personnel (KMPs) and fifteen employees on its payroll. Additionally, the company arranges for temporary manpower per its production requirements from service agencies.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 18.86 | 16.17 | 12.65 | 13.31 |
| Total Income | 73.94 | 83.36 | 57.93 | 42.98 |
| Profit After Tax | 2.37 | 0.50 | 0.14 | 0.14 |
| NET Worth | 10.82 | 4.42 | 3.92 | 3.76 |
| Reserves and Surplus | 2.71 | 3.40 | 2.90 | 2.76 |
| Total Borrowing | 4.61 | 8.62 | 2.61 | 2.63 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Capital Expenditure for Installation of 4 MW DC & 3.5 MW AC Ground Mounted Solar Power Plant - TPSAT Structure | 22.99 |
| 2 | Capital expenditure for setting up of rolling mill at Survey No. 4/1 Taluka Sanand, Mouje Kala village, Ahmedabad by construction of the industrial shed, purchase of equipment/machineries, other assets etc.; and | 7.99 |
| 3 | General corporate purposes | 0.61 |
| KPI | Mar 31, 2024 |
|---|---|
| ROE | 31.12% |
| ROCE | 21.20% |
| Debt/Equity | 0.43 |
| RoNW | 21.88% |
| PAT Margin | 3.21% |
| Price to Book Value | 4.76 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 2.92 | 1.81 |
| P/E (x) | 22.59 | 36.37 |
| Promoter Holding | 100% | 62.12% |
| Market Cap | ₹86.08 Cr. |
The Kalana Ispat IPO is subscribed 59.92 times on September 23, 2024 6:20:00 PM (Day 3). The public issue subscribed 74.54 times in the retail category, [.] times in the QIB category, and 40.69 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 40.69 | 23,45,000 | 9,54,20,000 |
| Retail | 74.54 | 23,45,000 | 17,48,06,000 |
| Total | 59.92 | 46,90,000 | 28,10,38,000 |
Total Application : 87,403
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead manager(s) fees | 0.25 |
| 2 | Underwriting commission Brokerage, selling commission and upload fees including Market maker (Refer Notes 1 to 4) | 0.62 |
| 3 | Registrars to the issue | 0.01 |
| 4 | Legal Advisors | 0.02 |
| 5 | Advertising and marketing expenses | 0.02 |
| 6 | Regulators including stock exchanges | 0.04 |
| 7 | Printing and distribution of issue stationary | 0.01 |
| 8 | Restatement of Accounts and Peer Review Auditor | 0.03 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹66.00 |
| Open | ₹45.15 |
| Low | ₹43.00 |
| High | ₹47.40 |
| Last Trade | ₹47.40 |
Lead Manager Reports
Kalana Ispat IPO is a SME IPO of 49,38,000 equity shares of the face value of ₹10 aggregating up to ₹33 Crores. The issue is priced at ₹66 per share. The minimum order quantity is 2000.
The IPO opens on Thu, Sep 19, 2024, and closes on Mon, Sep 23, 2024.
Skyline Financial Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Kalana Ispat IPO using UPI as a payment gateway. Zerodha customers can apply in Kalana Ispat IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Kalana Ispat IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Kalana Ispat IPO opens on Thu, Sep 19, 2024 and closes on Mon, Sep 23, 2024.
Kalana Ispat IPO lot size is 2000, and the minimum amount required for application is ₹1,32,000.
You can apply in Kalana Ispat IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Kalana Ispat IPO will be done on Tuesday, September 24, 2024, and the allotted shares will be credited to your demat account by Wed, Sep 25, 2024. Check the Kalana Ispat IPO allotment status.
The Kalana Ispat IPO listing date is on Thu, Sep 26, 2024.
