Kalana Ispat Limited IPO

NiftyTrader • September 17, 2024

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Kalana Ispat Limited IPO

Kalana Ispat Limited IPO opens on September 19, 2024, and closes on September 23, 2024. The Kalana Ispat IPO allotment is anticipated to be completed on Tuesday, September 24, 2024. The IPO will be tentatively listed on the NSE and SME on Thursday, September 26, 2024.

Kalana Ispat Limited IPO’s price band is 66 per share. The IPO is a book-built issue of Rs 32.59 crores. The issue is entirely a fresh issue of 49.38 lakh shares.

Kalana Ispat IPO Details

IPO Date	September 19, 2024 to September 23, 2024
Listing Date	[.]
Face Value	₹10 per share
Price	₹66 per share
Lot Size	2000 Shares
Total Issue Size	4,938,000 shares (aggregating up to ₹32.59 Cr)
Fresh Issue	4,938,000 shares (aggregating up to ₹32.59 Cr)
Issue Type	Book Built Issue IPO
Listing At	NSE SME
Shareholding pre-issue	8,101,185
Shareholding post-issue	13,041,985
Market Maker portion	248,000 shares

Kalana Ispat IPO Lot Size

Investors can bid for a minimum of 2000 shares and in multiples thereof. The table below depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amounts.

Application	Lots	Shares	Amount
Retail (Min)	1	2000	₹132,000
Retail (Max)	1	2000	₹132,000
S-HNI (Min)	2	4000	₹264,000

Kalana Ispat IPO Objectives

The objects of the present issue of Equity Shares are:

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 Purposes.

About Kalana Ispat Limited

Kalana Ispat Limited, established in October 2012, specializes in manufacturing M.S. and Alloy Steel Billets with an annual capacity of 38,000 MT. The company operates under international quality standards like ISO 2830:2012 and focuses on product sales and service offerings. Its competitive edge lies in its innovation-driven model, consistent profitable growth, experienced management, and strong customer relationships. As of September 2024, Kalana Ispat employs three key management personnel and fifteen permanent staff, supplemented by temporary workers as needed.

Kalana Ispat Limited Financial Information

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
Revenue	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

Kalana Ispat IPO Reservation

Investor Category	Shares Offered
Retail Shares Offered	50% of the Net Issue
Other Shares Offered	50% of the Net Issue

Kalana Ispat IPO Timeline

Kalana Ispat IPO opens on September 19, 2024, and closes on September 23, 2024.

IPO Open Date	Thursday, September 19, 2024
IPO Close Date	Monday, September 23, 2024
Basis of Allotment	Tuesday, September 24, 2024
Initiation of Refunds	Wednesday, September 25, 2024
A credit of Shares to Demat	Wednesday, September 25, 2024
Listing Date	Thursday, September 26, 2024
Cut-off time for UPI mandate confirmation	5 PM on September 23, 2024