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.
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 IPO – Details
| IPO Opening Date | 19 September 2024 |
| IPO Closing Date | 23 September 2024 |
| Issue Type | Fixed Price Issue IPO |
| Issue Size | Total Issue Size: 49,38,000 Shares Worth ₹32.59 Crore Fresh Issue: 49,38,000 Shares Worth ₹32.59 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹66 |
| Market Lot | 2000 Shares |
| Min Order | 2000 Shares (1 Lot) |
| Listing At | NSE SME |
| Register | Skyline Financial Services Private Ltd |
| Retail Shares Offered | 50% |
| Other Shares Offered | 50% |
Kalana Ispat IPO – Date Schedule
| IPO Open Date | 19 September 2024 |
| IPO Close Date | 23 September 2024 |
| Basis of Allotment | 24 September 2024 |
| Initiation of Refund | 25 September 2024 |
| Credit of Shares to Demat Account | 25 September 2024 |
| IPO Listing Date | 26 September 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 23, 2024 |
Kalana Ispat IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹1,32,000 |
| Retail (Max) | 1 | 2000 | ₹1,32,000 |
| HNI (Min) | 2 | 4000 | ₹2,64,000 |
Competitive Strengths
- Innovation focused business model;
- Consistent track record of profitable growth due to a scalable business model;
- Established and proven track record;
- Leveraging the experience of Company’s Promoters;
- Experienced management team and motivated employees; and
- Cordial relations with our customers.
Company Promoters
- Mr. Aftabhusen S Khandwawala
- Mr. Varghese Joseph Pottakerry
- Mr. Gurubaxsing Jamiatsing Bagga
- Mr. Sadik Nannabhai Qureshi
Company Financials
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2021 | 42.98 | 42.74 | 0.13 | 2.62 |
| 31 March 2022 | 57.93 | 57.74 | 0.13 | 2.60 |
| 31 March 2023 | 83.35 | 82.68 | 0.50 | 8.61 |
| 31 March 2024 | 73.94 | 70.68 | 2.36 | 4.61 |
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 31.12% |
| ROCE | 21.20% |
| Debt/Equity | 0.43 |
| RoNW | 21.88% |
| P/BV | 4.76 |
| PAT Margin (%) | 3.21 |
| Pre IPO | Post IPO | |
| EPS (Rs) | 2.92 | 1.81 |
| P/E (x) | 22.59 | 36.37 |
Object Of The Issue
- 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 IPO Promoter Holding
| Pre Issue Share Holding | 82.72% |
| Post Issue Share Holding | 51.38% |
Kalana Ispat IPO Prospectus
- Kalana Ispat IPO DRHP
- Kalana Ispat IPO RHP
Company Contact Information
| 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/ |
Kalana Ispat IPO Registrar
| Skyline Financial Services Private Ltd Phone: 02228511022 Email: ipo@skylinerta.com Website: https://www.skylinerta.com/ipo.php |
Kalana Ispat IPO Lead Manager(s)
| 1. Jawa Capital Services Private Limited |
Kalana Ispat IPO FAQs
| What is Kalana Ispat IPO? Kalana Ispat IPO is a SME IPO. The issue is priced at ₹66 per equity share. The IPO is to be listed on NSE SME. |
| When Kalana Ispat IPO will open? The IPO is to open on 19 September 2024 for QIB, NII, and Retail Investors. |
| What is Kalana Ispat IPO Investors Portion? The investors’ portion for Retail is 50%, and NII is 50%. |
| How to Apply the Kalana Ispat IPO? You can apply Kalana Ispat IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Kalana Ispat IPO through Angle One? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Kalana Ispat IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Angle One. |
| How to Apply the Kalana Ispat IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Kalana Ispat IPO“. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the Kalana Ispat IPO through Upstox? Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Kalana Ispat IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox. |
| How to Apply the Kalana Ispat IPO through IIFL? Log in to IIFL Application with your credentials. Select the IPO. You will see the IPO Name “Kalana Ispat IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with IIFL. |
| What is Kalana Ispat IPO Size? Kalana Ispat IPO size is ₹32.59 Crore. |
| What is Kalana Ispat IPO Price Band? Kalana Ispat IPO Price Band is ₹66. |
| What is Kalana Ispat IPO Minimum and Maximum Lot Size for retail? The minimum bid is 2000 Shares with ₹1,32,000 amount while the maximum bid is 2000 Shares with ₹1,32,000. |
| What is the Kalana Ispat IPO Allotment Date? Kalana Ispat IPO allotment date is 24 September 2024. |
| What is the Kalana Ispat IPO Listing Date? Kalana Ispat IPO listing date is 26 September 2024. The IPO is to be listed on NSE SME. |
