IPO

Kalana Ispat Limited IPO

NSE SME

Listed On: Sep 26, 2024 at ₹ 45.15

₹ 264000 /4000 Shares
*Min Investment

Check Allotment

19 Sep, 2024

Open Date

23 Sep, 2024

Close Date

24 Sep, 2024

Allotment Date

26 Sep, 2024

Listing Date
Kalana Ispat IPO Issue Details
  • Issue Price ₹66 per equity share
  • Face Value ₹10 Per Equity Share
  • Total Issue Size 49,38,000 shares(aggregating up to ₹32.59 crore)
  • Fresh Share 49,38,000 shares(aggregating up to ₹32.59 crore)
  • Listing at NSE SME
  • List Price 45.15
  • Listing Date 2024-09-26
  • Lead Manager Jawa Capital Services Private Limited
  • Registrar Skyline Financial Services Private Ltd
Market Lot Size

Investors can bid for a minimum of 2000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.

ApplicationLotsSharesAmount
Retail (min)12000₹1,32,000
Retail(max)12000₹1,32,000
NII (min) 24000₹2,64,000
Kalana Ispat IPO Reservation

Kalana Ispat IPO offers total 49,38,000 shares. Out of which NA (NA%) allocated to QIB, NA (NA%) allocated to NII,23,45,000 (47.49%) allocated to RII, NA (NA%) allocated to employees and NA (NA%) allocated to Anchor investors.

Investor CategoryShares OfferedMaximum Allottees
Anchor Investor Shares OfferedNA (NA%)
Market Maker Shares Offered2,48,000 (5.02%)
Retail Shares Offered23,45,000 (47.49%)
Total Shares Offered49,38,000 (100%)
Kalana Ispat IPO Documents
DRHP
RHP
Kalana Ispat IPO Details


Kalana Ispat Limited IPO is an SME IPO, priced at ₹66 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the NSE SME platform. The IPO comprises a total issue of 49,38,000 equity shares, aggregating up to ₹32.59 crores..

The IPO bidding window is open from Sep 19, 2024 to Sep 23, 2024. The allotment is expected to be finalized on Sep 24, 2024, and the tentative listing date is Sep 26, 2024.

The minimum lot size for Retail investors is 2000 shares, with a minimum investment of ₹1,32,000. For HNIs, the minimum application size is 2 lots , amounting to ₹ 2,64,000.

Jawa Capital Services Private Limited is acting as the lead manager to the issue. The registrar of the IPO is Skyline Financial Services Private Ltd, and Aftertrade Broking Pvt Ltd will act as the market maker for this issue.

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Kalana Ispat IPO Subscription Analysis And Details
Retail
74.54x
Total
57.67x
As onQIB / NIIRetailTotal
Shares Offered / Reserved2,345,0002,345,0004,690,000
Day 1 19-09-24 06:00 PM
0.19 x1.39 x0.79 x
Day 2 20-09-24 06:00 PM
1.19 x7.82 x4.50 x
Day 3 23-09-24 06:00 PM
40.80 x74.54 x57.67 x
Total No of Applications
87,403
Kalana Ispat Valuations
EPS Pre IPO ₹2.92/-
EPS Post IPO ₹1.81/-
P/E Pre IPO 22.59
P/E Post IPO 36.37
ROE 31.12%
ROCE 21.20%
Debt/Equity 0.43
RoNW 21.88%
PAT Margin 3.21
Price to Book Value 4.76
Kalana Ispat Company Financials
In Lakhs
In Lakh
31-Mar-2431-Mar-2331-Mar-22
Assets1,885.711,617.461,264.89
Revenue7,394.468,335.875,793.32
Profit After Tax236.750.0913.66
Net Worth1,081.58441.94391.65
Reserves & Surplus271.46339.7289.61
Total Borrowing461.38861.79260.57
About Kalana Ispat Company

Incepted in October 2012, Kalana Ispat Limited is mainly engaged in the production of M.S. Billets and Alloy Steel Billets of different grades.

The company undertakes business through the following segments:
Sale of products
Sale of services

The manufacturing facility is certified by international standards of quality management systems like ISO 2830:2012.

The manufacturing capacity of the company's unit is 38000MT/Annum.

As of September 2024, the company has three key management personnel (KMPs) and fifteen employees on its payroll. Besides, the company arranges for temporary manpower according to its production requirements from service agencies.

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Kalana Ispat - Promoter(s)

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

Pre Issue Share Holding : 82.72%

Post Issue Share Holding : 51.38%

Kalana Ispat IPO - Issue Objectives
1

Capital Expenditure for Installation of 4 MW DC & 3.5 MW AC Ground Mounted Solar Power Plant - TPSAT Structure

2

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

3

General Corporate Purpose

Kalana Ispat IPO - Peers Comparison
Company NameEPS (Basic)EPS (Diluted)NAV (per share) (Rs)P/E (x)RoNW (%)P/BV RatioFinancial statements
Kalana Ispat Limited3.033.0313.8721.7521.885.08Standalone
Supershakti Metaliks Ltd11.6311.63217.1331.43217.13N/AStandalone
Incredible Industries Limited1.281.2828.3637.264.5N/AStandalone
Gallantt Ispat Limited9.349.34101.5739.839.19N/AStandalone

Notes:

  1. Net Asset Value per Equity Share is calculated as net worth attributable to equity shareholders as at the end of Fiscal period/year divided by the outstanding number of Equity Shares used in calculating basic earnings per share.
  2. The P/E Ratio has been computed based on the closing market price of equity shares on BSE on September 10, 2024 (except for one of the peer Supershakti Metaliks Limited, whose closing market price of equity shares on BSE Limited on September 06, 2024, being the last available trading day, is taken for computation), being the last trading price available divided by the Diluted EPS provided.
  3. Return on Net Worth is computed as restated net profit/(loss) after tax attributable to equity holders of the company divided by restated average Net Worth for Equity Shareholders.
Contact Details

Kalana Ispat

504, Ashwamegh Avnue, 5th Floor, Nr Mithakhali Underbridge, Mithakhali, Ahmedabad,-380009

+91-81418 48159

compliance@kalanaispat.com

https://kalanaispat.com/

Registrar Contact Details

Skyline Financial Services Private Ltd

02228511022

ipo@skylinerta.com

https://www.skylinerta.com/ipo.php