Kalana Ispat Limited IPO (Kalana Ispat IPO)

Kalana Ispat Limited IPO
Upcoming Kalana Ispat IPO | New Kalana Ispat IPO

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

    Kalana Ispat IPO – Details

    IPO Opening Date19 September 2024
    IPO Closing Date23 September 2024
    Issue TypeFixed Price Issue IPO
    Issue SizeTotal 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 Lot2000 Shares
    Min Order2000 Shares (1 Lot)
    Listing AtNSE SME
    RegisterSkyline Financial Services Private Ltd
    Retail Shares Offered50%
    Other Shares Offered50%

    Kalana Ispat IPO – Date Schedule

    IPO Open Date19 September 2024
    IPO Close Date23 September 2024
    Basis of Allotment24 September 2024
    Initiation of Refund25 September 2024
    Credit of Shares to Demat Account25 September 2024
    IPO Listing Date26 September 2024
    Cut-off time for UPI mandate confirmation5 PM on September 23, 2024

    Kalana Ispat IPO – Lots Size & Price

    ApplicationLotsSharesAmount
    Retail (Min)12000₹1,32,000
    Retail (Max)12000₹1,32,000
    HNI (Min)24000₹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

    ParticularsTotal RevenueTotal ExpenseProfit After TaxTotal Borrowing
    31 March 202142.9842.740.132.62
    31 March 202257.9357.740.132.60
    31 March 202383.3582.680.508.61
    31 March 202473.9470.682.364.61
    Amount in ₹ Crore

    Key Performance Indicator

    KPIValues
    ROE31.12%
    ROCE21.20%
    Debt/Equity0.43
    RoNW21.88%
    P/BV4.76
    PAT Margin (%)3.21
    Pre IPOPost IPO
    EPS (Rs)2.921.81
    P/E (x)22.5936.37

    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
Object of the Issues

    Kalana Ispat IPO Promoter Holding

    Pre Issue Share Holding82.72%
    Post Issue Share Holding51.38%

    Kalana Ispat IPO Prospectus

    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
    Websitehttps://kalanaispat.com/

    Kalana Ispat IPO Registrar

    Skyline Financial Services Private Ltd

    Phone: 02228511022
    Email: ipo@skylinerta.com
    Websitehttps://www.skylinerta.com/ipo.php

    Kalana Ispat IPO Lead Manager(s)

    1. Jawa Capital Services Private Limited

    Kalana Ispat IPO FAQs

    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.
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