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	IPO Allotment URL	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 ₹64.00 per share.

	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	₹64.00 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 20, 2024. The closing date of Kalana Ispat IPO and Phoenix Overseas IPO is Sep 23, 2024, and Sep 24, 2024, respectively.

	Kalana Ispat IPO	Phoenix Overseas IPO
Anchor Bid Date
Issue Open	Sep 19, 2024	Sep 20, 2024
Issue Close	Sep 23, 2024	Sep 24, 2024
Basis Of Allotment (Tentative)	Sep 24, 2024	Sep 25, 2024
Initiation of Refunds (Tentative)	Sep 25, 2024	Sep 26, 2024
Credit of Share (Tentative)	Sep 25, 2024	Sep 26, 2024
Listing date (Tentative)	Sep 26, 2024	Sep 27, 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 Standalone)

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 23,45,000 shares while in Phoenix Overseas IPO retail investors are offered 23,45,000 shares. Qualified institutional buyers (QIB) are offered 0 shares in Kalana Ispat IPO and 8,02,000 shares 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	0 shares	8,02,000 shares
NII	23,45,000 shares	23,86,000 shares
RII	23,45,000 shares	22,46,000 shares
Employee	0 shares	0 shares
Others
Total	46,90,000 shares	54,34,000 shares

Bids Received (Subscription)

Kalana Ispat IPO subscribed 59.92x in total, whereas Phoenix Overseas IPO subscribed 119.22x.

	Kalana Ispat IPO	Phoenix Overseas IPO
QIB (times)		65.74x
NII (times)	40.69x	109.71x
Big NII (times)
Small NII (times)
RII (times)	74.54x	148.43x
Employee (times)
Other (times)
Total (times)	59.92x	119.22x

Compare with others

Kalana Ispat IPO	Phoenix Overseas IPO
Saj Hotels IPO	TechEra Engineering IPO
Thinking Hats Entertainment Solutions IPO	Divyadhan Recycling Industries IPO
Unilex Colours and Chemicals IPO	Kalana Ispat IPO
TechEra Engineering IPO	Avi Ansh Textile IPO
Divyadhan Recycling Industries IPO	Rappid Valves (India) IPO
Avi Ansh Textile IPO	WOL 3D IPO
Rappid Valves (India) IPO	SD Retail IPO
Phoenix Overseas IPO	BikeWo GreenTech IPO
WOL 3D IPO	Pelatro IPO
SD Retail IPO	Osel Devices IPO

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