Last updated on October 6, 2024
Kalana Ispat IPO description – Founded in October 2012, Kalana Ispat initially focused on trading scrap metal sourced from imports, scrap yards, and local traders. Today, the company primarily produces MS ingots and alloy steel ingots in various grades. Its production facility is certified under international quality management standards, including ISO 2830:2012. Kalana Ispat operates in two main segments: product sales and service sales.
The company ventured into manufacturing MS billets and established a facility in Ahmedabad, Gujarat. It produces MS blocks and alloy steel billets at this location. As of 31 December 2023, the company was operating at full capacity, with an installed capacity of 38,000 M.T. As of September 2024, the company employs three key management personnel (KMPs) and has 15 employees on its payroll. Additionally, it secures temporary manpower from service agencies based on its production needs.
Promoters of Kalana Ispat – Mr. Aftabhusen S Khandwawala, Mr. Varghese Joseph Pottakerry, Mr. Gurubaxsing Jamiatsing Bagga, and Mr. Sadik Nannabhai Qureshi
Table of Contents
Kalana Ispat IPO Details
| Kalana Ispat IPO Dates | 19 – 23 September 2024 |
| Kalana Ispat Issue Price | INR 66 per share |
| Fresh issue | 49,38,000 shares (INR 32.59 crore) |
| Offer For Sale | NIL |
| Total IPO size | 49,38,000 shares (INR 32.59 crore) |
| Minimum bid (lot size) | 2,000 shares (INR 1,32,000) |
| Face Value | INR 10 per share |
| Retail Allocation | 50% |
| Listing On | NSE EMERGE |
Kalana Ispat Financial Performance
| Â | FY 2022 | FY 2023 | FY 2024 |
| Revenue | 57.75 | 83.04 | 73.73 |
| Expenses | 57.74 | 82.68 | 70.69 |
| Net income | 0.14 | 0.50 | 2.37 |
Kalana Ispat Offer News
- Kalana Ispat RHP
- Kalana Ispat Draft Prospectus
- ASBA IPO Forms
- Live IPO Subscription Status
- Highest SME IPO Subscription in 2024
Kalana Ispat Valuations & Margins
| FY 2022 | FY 2023 | FY 2024 | |
| EPS | 1.37 | 5.01 | 3.03 |
| PE ratio | – | – | 21.78 |
| RONW (%) | 3.51 | 11.39 | 21.88 |
| NAV | 38.96 | 43.97 | 13.87 |
| ROCE (%) | 6.31 | 8.33 | 21.20 |
| EBITDA (%) | 1.38 | 1.73 | 4.95 |
| Debt/Equity | 0.67 | 1.96 | 0.43 |
Kalana Ispat IPO GMP Today
| Date | Consolidated IPO GMP | Kostak | Subject to Sauda |
| 25 September 2024 | 20 | – | 30,000 |
| 24 September 2024 | 18 | – | 28,000 |
| 23 September 2024 | 25 | – | 36,000 |
| 21 September 2024 | 25 | – | 35,000 |
| 20 September 2024 | 25 | – | 35,000 |
| 19 September 2024 | 10 | – | 15,000 |
| 18 September 2024 | 10 | – | 15,000 |
Kalana Ispat IPO Subscription – Live Updates
| Category | Non-retail | Retail | Total |
|---|---|---|---|
| Shares Offered | 23,44,000 | 23,46,000 | 46,90,000 |
| 23 Sep 2024 | 40.77 | 74.23 | 57.51 |
| 20 Sep 2024 | 1.27 | 7.42 | 4.35 |
| 19 Sep 2024 | 0.18 | 1.30 | 0.74 |
The market maker reservation portion of 2,48,000 shares is not included in the above calculations.
Kalana Ispat IPO Allotment Status
Kalana Ispat IPO allotment status is now available on Skyline Financial Services’ website. Click on this link to get allotment status.
Kalana Ispat IPO Dates & Listing Performance
| IPO Opening Date | 19 September 2024 |
| IPO Closing Date | 23 September 2024 |
| Finalization of Basis of Allotment | 24 September 2024 |
| Initiation of refunds | 25 September 2024 |
| Transfer of shares to demat accounts | 25 September 2024 |
| IPO Listing Date | 26 September 2024 |
| Opening Price on NSE SME | INR 45.15 per share (down 31.59%) |
| Closing Price on NSE SME | INR 47.40 per share (down 28.18%) |
Kalana Ispat Offer Lead Manager
JAWA CAPITAL SERVICES PRIVATE LIMITED
Plot No. 93, First Floor, Pocket 2,
Near DAV School, Jasola, New Delhi- 110025
Phone:+91-11-47366600
Email:Â [email protected]
Website:Â www.jawacapital.in
Kalana Ispat Offer Registrar
SKYLINE FINANCIAL SERVICES PRIVATE LIMITED
D-153A, 1st floor, Phase I,
Okhla Industrial Area, Delhi – 110020
Phone:Â +91-11-40450193-97
Email:Â [email protected]
Website:Â www.skylinerta.com
Kalana Ispat Issue Contact Details
KALANA ISPAT LIMITED
C-918, Stratum at Venus Ground, Nr. Jhansi Ki
Rani Statute, Nehrunagar, Ahmedabad – 380015
Phone: +81418 48159
E-mail: [email protected]
Website: www.kalanaispat.com
IPO FAQs
What is Kalana Ispat’s offer size?
Kalana Ispat’s offer size is INR 32.59 crores.
What is Kalana Ispat’s offer price band?
Kalana Ispat public offer price is INR 66 per share.
What is the lot size of Kalana Ispat IPO?
Kalana Ispat offer lot size is 2,000 shares.
What is Kalana Ispat IPO GMP today?
Kalana Ispat Issue GMP today is INR 20 per share.
What is Kalana Ispat kostak rate today?
Kalana Ispat kostak rate today is INR NA per application.
What is Kalana Ispat IPO Subject to Sauda rate today?
Kalana Ispat Subject to Sauda rate today is INR 30,000 per application.
