Kalana Ispat IPO
Kalana Ispat is an NSE SME IPO listed on the NSE SME platform, priced at ₹66 per share. The stock debuted at ₹45.15. The IPO had a lot size of ₹2000 shares and a minimum investment of ₹1,32,000.
Kalana Ispat Limited IPO
- IPO Dates
- Sep 19, 2024 – Sep 23, 2024
- Price band
- ₹66 per equity share
- Minimum Investment
- ₹1,32,000
- Issue size
- ₹32.59 Cr
- Lot size
- 2000
- Allotment Date
- Sep 24, 2024
- Listing
- Sep 26, 2024
- Listing At
- NSE SME
IPO timeline
-
Sep 19, 2024
Open Date
Completed
-
Sep 23, 2024
Close Date
Completed
-
Sep 24, 2024
Allotment Date
Completed
-
Sep 26, 2024
Listing Date
Completed
Kalana Ispat IPO Essentials
Kalana Ispat IPO Details
Kalana Ispat IPO is priced at ₹66 per share with a total issue size of 32.59 crore. The IPO has a lot size of 2000 shares and is listed on NSE SME.
- Issue price
- ₹66 per equity share
- Lot size
- 2000 shares
- Face value
- ₹10 Per Equity Share
- Issue size
- 4,938,000 shares(aggregating up to ₹32.59 Cr)
- Total issue size
- 49,38,000 shares
(aggregating up to ₹32.59 crore) - Fresh issue
- 49,38,000 shares
(aggregating up to ₹32.59 crore) - Listing at
- NSE SME
- List price
- 45.15
- Listing date
- Registrar
- Skyline Financial Services Private Ltd
- Lead manager
-
Jawa Capital Services Private Limited
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.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 2000 | ₹1,32,000 |
| Retail(max) | 1 | 2000 | ₹1,32,000 |
| NII (min) | 2 | 4000 | ₹2,64,000 |
Kalana Ispat IPO Reservation
Kalana Ispat IPO reservation details show category-wise allocation of shares. Out of the total 49,38,000 shares, approximately 47.49% for retail investors, 5.02% for market maker, and 0% for anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | NA (NA%) | |
| Market Maker Shares Offered | 2,48,000 (5.02%) | |
| Retail Shares Offered | 23,45,000 (47.49%) | |
| Total Shares Offered | 49,38,000 (100%) |
Kalana Ispat IPO Analytics
Kalana Ispat IPO category-wise subscription trends show day-wise participation across QIB, NII, and retail investors.
Kalana Ispat IPO Subscription Status
Kalana Ispat IPO subscription status shows demand across retail, NII, and QIB categories, helping investors understand overall participation trends.
The IPO subscription status indicates investor demand across categories.
| As on | QIB / NII | Retail | Total |
|---|---|---|---|
| Shares Offered / Reserved | 2,345,000 | 2,345,000 | 4,690,000 |
|
Day 1
19-09-24 06:00 PM
|
(0.19) x | 1.39 x | 0.79 x |
|
Day 2
20-09-24 06:00 PM
|
(1.19) x | 7.82 x | 4.50 x |
|
Day 3
23-09-24 06:00 PM
|
(40.80) x | 74.54 x | 57.67 x |
Kalana Ispat Valuations
Earnings
- EPS Pre IPO
- ₹2.92/-
- EPS Post IPO
- ₹1.81/-
- P/E Pre IPO
- 22.59
- P/E Post IPO
- 36.37
Returns
- ROE
- 31.12%
- ROCE
- 21.20%
- RoNW
- 21.88%
- PAT Margin
- 3.21
Fundamentals
- Debt / Equity
- 0.43
- Price / Book
- 4.76
Kalana Ispat Financials( In Lakhs)
| 31-Mar-24 | 31-Mar-23 | 31-Mar-22 | |
|---|---|---|---|
| Assets | 1,885.71 | 1,617.46 | 1,264.89 |
| Revenue | 7,394.46 | 8,335.87 | 5,793.32 |
| Profit After Tax | 236.7 | 50.09 | 13.66 |
| Net Worth | 1,081.58 | 441.94 | 391.65 |
| Reserves & Surplus | 271.46 | 339.7 | 289.61 |
| Total Borrowing | 461.38 | 861.79 | 260.57 |
Kalana Ispat Company & Offer Insights
About Kalana Ispat
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.
Kalana Ispat Promoter(s)
Mr. Aftabhusen S Khandwawala, Mr. Varghese Joseph Pottakerry, Mr. Gurubaxsing Jamiatsing Bagga and Mr. Sadik Nannabhai Qureshi. are the company's promoters of Kalana Ispat.
Kalana Ispat IPO Issue Objectives
- •
- 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
- •
- General Corporate Purpose
Kalana Ispat IPO - Peers Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| Kalana Ispat Limited | 3.03 | 3.03 | 13.87 | 21.75 | 21.88 | 5.08 | Standalone |
| Supershakti Metaliks Ltd | 11.63 | 11.63 | 217.13 | 31.43 | 217.13 | N/A | Standalone |
| Incredible Industries Limited | 1.28 | 1.28 | 28.36 | 37.26 | 4.5 | N/A | Standalone |
| Gallantt Ispat Limited | 9.34 | 9.34 | 101.57 | 39.83 | 9.19 | N/A | Standalone |
Notes:
- 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.
- 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.
- 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 Information
Contact Details
Kalana Ispat
+91-81418 48159
504, Ashwamegh Avnue, 5th Floor, Nr Mithakhali Underbridge, Mithakhali, Ahmedabad,-380009
Registrar Contact Details
Skyline Financial Services Private Ltd
02228511022
Frequently Asked Questions
Click any question to reveal the answer
Kalana Ispat IPO is a Fixed Priced IPO worth ₹32.59 crore. The issue price is ₹66 per share (fixed price). The IPO opens on Sep 19, 2024 and closes on Sep 23, 2024. It will be listed on NSE SME Platform. Skyline Financial Services Private Ltd is the registrar.
The issue price of Kalana Ispat IPO is ₹66 per share (fixed price).
The lot size of Kalana Ispat IPO is 2000 shares.
The minimum investment for Kalana Ispat IPO is approximately ₹1,32,000 based on the issue price .
Kalana Ispat IPO opens on Sep 19, 2024 and closes on Sep 23, 2024.
The allotment date of Kalana Ispat IPO is Sep 24, 2024.
Kalana Ispat IPO is expected to be listed on Sep 26, 2024, on NSE SME Platform.
Kalana Ispat IPO valuation snapshot: P/E 36.37, EPS ₹1.81/-, P/B 4.76, RoNW 21.88%, and market cap N/A.
To apply for Kalana Ispat IPO, open the IPO Ji app or website, select the IPO, choose your demat account, enter the quantity, and submit the application.
You can check the live subscription status of Kalana Ispat IPO on IPO Ji or stock exchange websites. It shows real-time demand across retail, NII, and QIB categories.
Pre-apply allows investors to submit their IPO application before the bidding period starts. The order is placed automatically when the IPO opens.
If you pre-apply for Kalana Ispat IPO, your order will be placed when the IPO bidding starts, and a UPI mandate request will be generated.
You can check Kalana Ispat IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Kalana Ispat IPO allotment status on IPO Ji for quick and easy access.