Kalana Ispat IPO Date, Review, Price, Allotment Details

Kalana Ispat IPO is opening for subscription on September 19, 2024, and closing on September 23, 2024. This NSE SME IPO aims to raise ₹32.59 Crores, with a 100% Fresh Issue of TBA equity shares, each with a face value of ₹10. The price band for the Kalana Ispat IPO is fixed at ₹66 Per Share, with a market lot of 2000 share.The allocation for this IPO is as follows: 50% for retail investors, and 50% for high-net-worth individuals (HNI). Kalana Ispat IPO Allotment will done on September 24, 2024, and Kalana Ispat IPO listing date is September 26, 2024.

 

Kalana Ispat Company Profile

Founded in 2012, Kalana Ispat Limited operates primarily in the production of mild steel (MS) ingots and alloy steel ingots of various grades. The company also deals in scrap metal, sourced through imports, scrap yards, and local traders. In 2015, the company expanded into manufacturing MS billets at its Ahmedabad facility. As of December 31, 2023, the company has been operating at full capacity with an installed capacity of 38,000 MT.

Their production facility is certified with ISO 2830:2012 international standards, ensuring high-quality management and production processes. The company has been active in both sale of products and sale of services, focusing on efficient production and customer satisfaction.

 

Kalana Ispat IPO GMP

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Kalana Ispat IPO Objectives

The funds raised through the IPO will be utilized for:

1. Capital Expenditure: Installation of a 4 MW DC & 3.5 MW AC Ground Mounted Solar Power Plant.
2. Rolling Mill Setup: Construction of a rolling mill and associated infrastructure at their Sanand, Ahmedabad facility.
3. General Corporate Purposes: Funds will also be allocated for regular business needs.

 

Kalana Ispat IPO Key Details

• Kalana Ispat IPO Open Date: September 19, 2024
• Kalana Ispat IPO Close Date: September 23, 2024
• Kalana Ispat IPO Size: Approximately ₹32.59 Crores, Equity Shares
• Face Value: ₹10 Per Equity Share
• Kalana Ispat IPO Price Band: ₹66 Per Equity Share
• Kalana Ispat IPO Listing on: NSE SME IPO
• Retail Quota: 50% of the net offer
• NII Quota: 50% of the net offer

 

Kalana Ispat IPO Timeline

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

 

How to Apply for Kalana Ispat IPO

Investors can apply for the Kalana Ispat IPO through ASBA (Applications Supported by Blocked Amount) online via their bank accounts or by using the offline IPO forms, which can be downloaded from the NSE website.

 

Kalana Ispat Financial Performance (in Crores)

• Year2024: Assets ₹1,885.71, Revenue ₹7,394.46, PAT ₹236.7, Net Worth ₹1,081.58, Borrowing ₹461.38
• Year2023: Assets ₹1,617.46, Revenue ₹8,335.87, PAT ₹50.09, Net Worth ₹441.94, Borrowing ₹861.79
• Year2022: Assets ₹1,264.89, Revenue ₹5,793.32, PAT ₹13.66, Net Worth ₹391.65, Borrowing ₹260.57
• Year 2021: Assets ₹1,330.70, Revenue ₹4,298.06, PAT ₹13.62, Net Worth ₹376.19, Borrowing ₹262.93

 

Kalana Ispat Valuation FY2024

• Earnings Per Share (EPS): ₹3.03 per Equity Share
• Price/Earnings (P/E) Ratio: 21.75
• Return on Net Worth (RoNW): 21.88%
• Net Asset Value (NAV): ₹13.87 per Equity Share

 

Kalana Ispat Peer Group

• Supershakti Metaliks Ltd: EPS (Basic) ₹11.63, EPS (Diluted) ₹11.63, NAV ₹217.13, P/E Ratio 31.43, RoNW 217.13%
• Incredible Industries Limited: EPS (Basic) ₹1.28, EPS (Diluted) ₹1.28, NAV ₹28.36, P/E Ratio 37.26, RoNW 4.5%
• Gallantt Ispat Limited: EPS (Basic) ₹9.34, EPS (Diluted) ₹9.34, NAV ₹101.57, P/E Ratio 39.83, RoNW 9.19%

 

Kalana Ispat Company Promoters

• Mr. Aftabhusen S Khandwawala
• Mr. Varghese Joseph Pottakerry
• Mr. Gurubaxsing Jamiatsing Bagga
• Mr. Sadik Nannabhai Qureshi

 

Kalana Ispat IPO Registrar

Skyline Financial Services Private Ltd
D-153A, 1st Floor,
Okhla Industrial Area, Phase-I,
New Delhi -110020
Website: https://www.skylinerta.com/ipo.php
Phone: 02228511022
Email: ipo@skylinerta.com

Kalana Ispat IPO Allotment Status Check

• Check the Kalana Ispat IPO allotment status on the Skyline Financial Serviceswebsite.

 

Kalana Ispat IPO Allotment Link

• Check the Kalana Ispat IPO allotment on the Check Ipo Allotment website.

 

Kalana Ispat IPO Lead Managers (Merchant Bankers)

• Jawa Capital Services Private Limited

Kalana Ispat Company Address

504, Ashwamegh Avnue, 5th Floor,
Nr Mithakhali Underbridge, Mithakhali,
Ahmedabad,Gujarat-380009 India
Website: https://kalanaispat.com/
Phone: +91-81418 48159
Email: compliance@kalanaispat.com

Kalana Ispat IPO FAQs

What is Kalana Ispat IPO?

Kalana Ispat IPO is an NSE SME IPO. They are going to raise ₹32.59 Crores via IPO. The issue is priced at ₹66 Per equity share. The IPO is to be listed on NSE.

 

When will the Kalana Ispat IPO open?

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

 

What is Kalana Ispat IPO Investors Portion?

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

 

How to Apply for the Kalana Ispat IPO?

You can apply for Shelter Finance 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 Gala Precision Engineering IPO through M-Stock?

For those using M-Stock, the application process involves logging into the M-Stock Account, selecting the IPO under the Product Tab, and then filling in the necessary details. Approval through a UPI app is also required. Opening a Demat Account with M-Stock may be necessary for some applicants. Open Demat Account with M-Stock.

 

How to Apply the Kalana Ispat IPO through Alice Blue?

Alice Blue users can apply by logging into the Alice Blue application, selecting the IPO, and confirming their application. Similar to other methods, approval via a UPI app is required. Opening a Demat Account with Alice Blue may also be necessary. Open a Demat Account with Alice Blue.

 

How to Apply for the Kalana Ispat IPO through Motilal Oswal?

Log in to Motilal Oswal Application with your credentials. Select the IPO. You will see the IPO Name. Click on the 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 Motilal Oswal.

 

What is Kalana Ispat IPO Size?

Kalana Ispat IPO size is ₹32.59 Crores.

 

What is Kalana Ispat IPO Price Band?

Kalana Ispat IPO Price Band is ₹66 Per equity share.

 

What is Kalana Ispat IPO Minimum and Maximum Lot Size?

The IPO bid is 2000 share with ₹132,000.

 

What is Kalana Ispat IPO Allotment Date?

Kalana Ispat IPO allotment date is September 24, 2024.

 

What is Kalana Ispat IPO Listing Date?

Kalana Ispat IPO listing date is September 26, 2024. The IPO to list on NSE SME IPO.