Kalana Ispat IPO vs Phoenix Overseas IPO

Comparision between Kalana Ispat IPO and Phoenix Overseas IPO.

IPO Details

Kalana Ispat IPO is a SME Book Built Issue IPO proposed to list at NSE SME while Phoenix Overseas IPO is a SME Book Built Issue proposed to list at NSE SME.

	Kalana Ispat IPO	Phoenix Overseas IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Book Built Issue
Listing At	NSE SME	NSE SME
Lead Managers	Jawa Capital Services Private Limited	Khandwala Securities Limited
Registrar	Skyline Financial Services Private Ltd	Cameo Corporate Services Limited
Market Maker	Aftertrade Broking Pvt Ltd	Nikunj Stock Brokers Limited
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor
IPO Allotment URL

Issue Size and Price

The total issue size of Kalana Ispat IPO is up to ₹32.59 Cr whereas the issue size of the Phoenix Overseas IPO is up to ₹36.03 Cr. The final issue price of Kalana Ispat IPO is ₹66.00 per share and of Phoenix Overseas IPO is .

	Kalana Ispat IPO	Phoenix Overseas IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)		₹61.00 per share
Issue Price (Upper)		₹64.00 per share
Issue Price (Final)	₹66.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	2000 shares	2000 shares
Fresh Issue Size	49,38,000 shares	45,80,000 shares
Fresh Issue Size (Amount)	up to ₹32.59 Cr	up to ₹29.31 Cr
OFS Issue Size		10,50,000 shares
OFS Issue Size (Amount)		up to ₹6.72 Cr
Issue Size Total	49,38,000 shares	56,30,000 shares
Issue Size Total (Amount)	up to ₹32.59 Cr	up to ₹36.03 Cr

IPO Timetable

Kalana Ispat IPO opens on Sep 19, 2024, while Phoenix Overseas IPO opens on Sep 19, 2024. The closing date of Kalana Ispat IPO and Phoenix Overseas IPO is Sep 23, 2024, and Sep 23, 2024, respectively.

	Kalana Ispat IPO	Phoenix Overseas IPO
Anchor Bid Date
Issue Open	Sep 19, 2024	Sep 19, 2024
Issue Close	Sep 23, 2024	Sep 23, 2024
Basis Of Allotment (Tentative)	Sep 24, 2024	Sep 24, 2024
Initiation of Refunds (Tentative)	Sep 25, 2024	Sep 25, 2024
Credit of Share (Tentative)	Sep 25, 2024	Sep 25, 2024
Listing date (Tentative)	Sep 26, 2024	Sep 26, 2024
Anchor Lockin End date 1
Anchor Lockin End date 2

Financials

Kalana Ispat IPO P/E ratio is 22.59, as compared to Phoenix Overseas IPO P/E ratio of 17.18.

Kalana Ispat IPO

Phoenix Overseas IPO

Financial

Kalana Ispat Limited Financial Information (Restated Standalone)

Kalana Ispat Limited's revenue decreased by -11% and profit after tax (PAT) rose by 373% between the financial year ending with March 31, 2024 and March 31, 2023.

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

Phoenix Overseas Limited Financial Information (Restated Consolidated)

Phoenix Overseas Limited's revenue increased by 22% and profit after tax (PAT) rose by 46% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	13,162.58	14,686.47	9,480.59
Revenue	54,915.1	45,131.61	37,828.19
Profit After Tax	549.93	375.48	391.36
Net Worth	5,012.26	4,570.52	4,246.59
Reserves and Surplus	4,520.06	4,078.32	3,754.39
Total Borrowing	2,937.11	3,447.24	2,981.26
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

82.72%

99.16%

Promoter Shareholding (Post-Issue)

51.38%

P/E Ratio

22.59

17.18

Market Cap

₹86.08 Cr.

₹123.81 Cr.

ROE

31.12%%

10.74%%

ROCE

21.20%%

15.28%%

Debt/Equity

0.43

0.59

EPS

₹2.92

₹3.72

RoNW

21.88%%

10.74%%

Shares Offered

In the Kalana Ispat IPO retail investors (RII) are offered while in Phoenix Overseas IPO retail investors are offered . Qualified institutional buyers (QIB) are offered in Kalana Ispat IPO and in Phoenix Overseas IPO.

	Kalana Ispat IPO	Phoenix Overseas IPO
Anchor Investor Reserveration
Market Maker Reserveration	2,48,000 shares	1,96,000 shares
QIB
NII
RII
Employee
Others
Total

Bids Received (Subscription)

Kalana Ispat IPO subscribed in total, whereas Phoenix Overseas IPO subscribed .

	Kalana Ispat IPO	Phoenix Overseas IPO
QIB (times)
NII (times)
Big NII (times)
Small NII (times)
RII (times)
Employee (times)
Other (times)
Total (times)

Compare with others

Kalana Ispat IPO	Phoenix Overseas IPO
Avi Ansh Textile IPO	Kalana Ispat IPO
Avax Apparels And Ornaments IPO	Avi Ansh Textile IPO
Rappid Valves (India) IPO	Avax Apparels And Ornaments IPO
Phoenix Overseas IPO	Rappid Valves (India) IPO
WOL 3D IPO	WOL 3D IPO
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