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 |
