Kalana Ispat IPO Date, Review, Price, Allotment Details

Kalana Ispat IPO open date is September 19, 2024 and the IPO will close on September 23, 2024. Kalana Ispat IPO is a Fixed Price Issue. The company to raise around ₹32.59 crores via IPO that comprises fresh issue of ₹32.59 crores and offer for sale up to [.] equity shares with face value of ₹10 each.

Kalana Ispat IPO price band is ₹66 per share. The retail quota is 50%, QIB is 00%, and HNI is 50%. Kalana Ispat IPO to list on NSE on September 26, 2024. The allotment of Kalana Ispat IPO date is September 24, 2024.

The company reported revenue of ₹73.94 crores in 2024 against ₹83.36 crore in 2023. The company reported profit of ₹2.37 crores in 2024 against profit of ₹0.50 crores in 2023. As per the financials the IPO investors should apply the IPO for a long term.

Kalana Ispat IPO

Table of Contents


Kalana Ispat IPO Details

IPO Open Date:September 19, 2024
IPO Close Date:September 23, 2024
Face Value:₹10 Per Equity Share
IPO Price Band:₹66 Per Share
Issue Size:Approx ₹32.59 Crores
Fresh Issue:Approx ₹32.59 Crores
Offer for Sale:Approx [.] Equity Shares
Issue Type:Fixed Price Issue
IPO Listing:NSE SME
Retail Quota:Not more than 50%
QIB Quota:Not more than 00%
NII Quota:Not more than 50%
DRHP Draft Prospectus:Click Here
RHP Draft Prospectus:Click Here
Anchor Investors List:Click Here

Kalana Ispat IPO IPO Market Lot

The Kalana Ispat IPO minimum market lot is 2000 shares with ₹132,000 application amount.

ApplicationLot SizeSharesAmount
Retail Minimum12000₹132,000
Retail Maximum12000₹132,000
HNI Minimum24000₹264,000

Kalana Ispat IPO Dates

The Kalana Ispat IPO date is September 19 and the close date is September 23. The Kalana Ispat IPO allotment will be finalized on September 24 and the IPO listing on September 26.

IPO Open Date:September 19, 2024
IPO Close Date:September 23, 2024
Basis of Allotment:September 24, 2024
Refunds:September 25, 2024
Credit to Demat Account:September 25, 2024
IPO Listing Date:September 26, 2024

Promoters of Kalana Ispat IPO

The promoters of the company are Mr. Aftabhusen S Khandwawala, Mr. Varghese Joseph Pottakerry, Mr. Gurubaxsing Jamiatsing Bagga and Mr. Sadik Nannabhai Qureshi.

About Kalana Ispat IPO

Kalana Ispat Limited established in 2012 which is formerly known as Kalana Ispat Pvt Ltd started their journey under the collaborative leadership of Mr. Varghese Joseph Pottakerry and Aftab S. Khandwawala. Company initially started with the focus on the trading of metal scrap which were procured through imports from various countries, sourced from shipbreaking yards and local merchants.

As per the business progressed company entered into production of manufacturing M.S. Billets and set up its manufacturing unit in Ahmedabad, Gujarat in the year 2015.

Presently, Kalana Ispat Pvt Ltd is acknowledged as a reliable company in the field, catering to a wide range of prominent producers who value the superiority that they provide with their M.S. Billets.

Company’s commitment to quality and their long-standing goodwill on the market remain the foundations of their business’s success as well as the foundation of their long-lasting relationships with their cherished customers.

Kalana Ispat IPO Company Financial Report

The company reported revenue of ₹73.95 crores in 2024 against ₹83.36 crores in 2023. The company reported a profit of ₹2.37 crores in 2024 against a profit of ₹0.50 crores in 2023.

Amount ₹ in Crores

Period EndedRevenueExpenseProfit After TaxAssets
2021₹42.98₹42.75₹0.14₹13.31
2022₹57.93₹57.74₹0.14₹12.65
2023₹83.36₹82.68₹0.50₹16.17
2024₹73.94₹70.69₹2.37₹18.86

Kalana Ispat IPO Valuation – FY2024

Check Kalana Ispat IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.

KPIValues
ROE:31.12%
ROCE:21.20%
EBITDA Margin:4.95%
PAT Margin:3.21%
Debt to equity ratio:0.43
Earning Per Share (EPS):₹3.03 (Basic)
Price/Earning P/E Ratio:21.75
Return on Net Worth (RoNW):21.88%
Net Asset Value (NAV):₹13.87

Peer Group Comparison

CompanyEPSPE RatioRoNW %NAVIncome
Supershakti Metaliks Limited11.6331.435.36%217.13731.41 Cr.
Incredible Industries Limited1.2837.264.50%28.36818.16 Cr.
Gallantt Ispat Limited9.3439.839.19%101.574227.12 Cr.

Objects 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 Review

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Kalana Ispat IPO Registrar

Skyline Financial Services Private Ltd
Phone: 02228511022
Email: [email protected]
Website: https://www.skylinerta.com/ipo.php

IPO Lead Managers aka Merchant Bankers

  • Jawa Capital Services Private Limited

Company Address

Kalana Ispat Limited
504, Ashwamegh Avnue,
5th Floor, Nr Mithakhali Underbridge
Mithakhali, Ahmedabad,-380009
Phone: +91-81418 48159
Email: [email protected]
Website: https://kalanaispat.com/

Kalana Ispat IPO FAQs

What is Kalana Ispat IPO?

Kalana Ispat IPO is a SME IPO. The company is going to raise ₹32.59 Crores via IPO. The issue is priced at ₹66 pr equity share. The IPO is to be listed on NSE.

When Kalana Ispat IPO will open for subscription?

The IPO is to open on September 19, 2024 for QIB, NII, and Retail Investors. The IPO will close on September 23, 2024.

What is Kalana Ispat IPO Investors Portion?

The investors’ portion for QIB is 00%, NII is 50%, and Retail is 50%.

How to Apply the Kalana Ispat IPO?

You can apply for 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.

What is Kalana Ispat IPO Issue Size?

Kalana Ispat IPO issue size is ₹32.59 crores.

What is Kalana Ispat IPO Price Band?

Kalana Ispat IPO Price Band is ₹66.

What is Kalana Ispat IPO Lot Size?

The minimum bid is 2000 Shares with ₹132,000 amount.

What is the Kalana Ispat IPO Allotment Date?

Kalana Ispat IPO allotment date is September 24, 2024.

What is the Kalana Ispat IPO Listing Date?

Kalana Ispat IPO listing date is September 25, 2024. The IPO is to list on NSE.

Note: The Kalana Ispat IPO price band and date are officially announced. The (Kalana Ispat IPO grey market premium) will be added to the IPO GMP page as it will start).
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