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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 ₹66.00 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). The minimum lot size investment for 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 Date | September 19, 2024 to September 23, 2024 |
| Listing Date | September 26, 2024 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹66 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 49,38,000 shares (aggregating up to ₹32.59 Cr) |
| Reserved for Market Maker | 2,48,000 shares Aftertrade Broking Pvt.Ltd. (aggregating up to ₹1.64 Cr) |
| Net Offered to Public | 46,90,000 shares (aggregating up to ₹30.95 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 81,01,185 shares |
| Share Holding Post Issue | 1,30,41,985 shares |
Kalana Ispat IPO offers total 49,38,000 shares. Out of which 23,44,000 (47.47%) allocated to NII, 23,46,000 (47.51%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 2,48,000 (5.02%) |
| NII (HNI) Shares Offered | 23,44,000 (47.47%) |
| Retail Shares Offered | 23,46,000 (47.51%) |
| Total Shares Offered | 49,38,000 (100.00%) |
Kalana Ispat IPO opens on September 19, 2024, and closes on September 23, 2024.
| IPO Open Date | Thu, Sep 19, 2024 |
| IPO Close Date | Mon, Sep 23, 2024 |
| Tentative Allotment | Tue, Sep 24, 2024 |
| Initiation of Refunds | Wed, Sep 25, 2024 |
| Credit of Shares to Demat | Wed, Sep 25, 2024 |
| Tentative Listing Date | Thu, Sep 26, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on Mon, Sep 23, 2024 |
Investors can bid for a minimum of 2,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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.
Kalana Ispat Limited's revenue decreased by -11% and profit after tax (PAT) rose by 373% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 1,885.71 | 1,617.46 | 1,264.89 | 1,330.7 |
| Total Income | 7,394.46 | 8,335.87 | 5,793.32 | 4,298.06 |
| Profit After Tax | 236.7 | 50.09 | 13.66 | 13.62 |
| Net Worth | 1,081.58 | 441.94 | 391.65 | 376.19 |
| Reserves and Surplus | 271.46 | 339.7 | 289.61 | 275.95 |
| Total Borrowing | 461.38 | 861.79 | 260.57 | 262.93 |
| Amount in ₹ Lakhs | ||||
The market capitalization of Kalana Ispat IPO is ₹86.08 Cr.
KPI as of Sun, Mar 31, 2024.
| KPI | Values |
|---|---|
| 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 Rs | 2.92 | 1.81 |
| P/E (x) | 22.59 | 36.37 |
The objects of the present issue of Equity Shares are:
[Dilip Davda] The company is engaged in the business of manufacturing/trading and providing related services in metal products. It marked minuscule earnings from FY21 to FY23 and posted bumper profits for FY24 i.e. pre-IPO year, that raise eyebrows and concern over its sustainability. Its future prospects hinges on solar power plant installation. Based on FY24 super earnings, the issue appears aggressively priced. Well-informed investors may park funds for long term. Read detail review...
| Listing Date | September 26, 2024 |
| BSE Script Code | |
| NSE Symbol | KALANA |
| ISIN | INE0T0L01014 |
| Final Issue Price | ₹66 per share |
| NSE Listing Group | ST |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹66.00 |
| Open | ₹45.15 |
| Low | ₹43.00 |
| High | ₹47.40 |
| Last Trade | ₹47.40 |
Kalana Ispat Ltd.
504, Ashwamegh Avnue
5th Floor, Nr Mithakhali Underbridge
Mithakhali
Ahmedabad, Gujarat, 380009
Phone: +91-81418 48159
Email: compliance@kalanaispat.com
Website: https://kalanaispat.com/
Skyline Financial Services Pvt.Ltd.
Phone: 02228511022
Email: ipo@skylinerta.com
Website: https://www.skylinerta.com/ipo.php
Kalana Ispat IPO is a SME IPO of 49,38,000 equity shares of the face value of ₹10 aggregating up to ₹32.59 Crores. The issue is priced at ₹66 per share. The minimum order quantity is 2000.
The IPO opens on September 19, 2024, and closes on September 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 September 19, 2024 and closes on September 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 Wednesday, September 25, 2024. Check the Kalana Ispat IPO allotment status.
The Kalana Ispat IPO listing date is on Thursday, September 26, 2024.
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