Kalana Ispat IPO vs SD Retail IPO

Comparision between Kalana Ispat IPO and SD Retail IPO.

IPO Details

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

	Kalana Ispat IPO	SD Retail 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	Beeline Capital Advisors Pvt Ltd
Registrar	Skyline Financial Services Private Ltd	Kfin Technologies Limited
Market Maker	Aftertrade Broking Pvt Ltd	Spread X Securities Private Limited
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor		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 SD Retail IPO is up to ₹64.98 Cr. The final issue price of Kalana Ispat IPO is ₹66.00 per share and of SD Retail IPO is ₹131.00 per share.

	Kalana Ispat IPO	SD Retail IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)		₹124.00 per share
Issue Price (Upper)		₹131.00 per share
Issue Price (Final)	₹66.00 per share	₹131.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	2000 shares	1000 shares
Fresh Issue Size	49,38,000 shares	49,60,000 shares
Fresh Issue Size (Amount)	up to ₹32.59 Cr	up to ₹64.98 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	49,38,000 shares	49,60,000 shares
Issue Size Total (Amount)	up to ₹32.59 Cr	up to ₹64.98 Cr

IPO Timetable

Kalana Ispat IPO opens on Sep 19, 2024, while SD Retail IPO opens on Sep 20, 2024. The closing date of Kalana Ispat IPO and SD Retail IPO is Sep 23, 2024, and Sep 24, 2024, respectively.

	Kalana Ispat IPO	SD Retail IPO
Anchor Bid Date		Sep 19, 2024
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		Oct 24, 2024
Anchor Lockin End date 2		Dec 23, 2024

Financials

Kalana Ispat IPO P/E ratio is 22.59, as compared to SD Retail IPO P/E ratio of 23.73.

Kalana Ispat IPO

SD Retail 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

SD Retail Limited Financial Information (Restated)

SD Retail Limited's revenue increased by 20% and profit after tax (PAT) rose by 77% 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	12,225.54	8,835.65	7,759.56
Revenue	16,328.48	13,568.86	12,873.65
Profit After Tax	759.76	430.17	1,011.06
Net Worth	4,179.98	3,420.22	2,990.04
Reserves and Surplus	4,054.87	3,357.66	2,927.49
Total Borrowing	4,354.72	2,051.31	1,844.13
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

82.72%

88.82%

Promoter Shareholding (Post-Issue)

51.38%

65.29%

P/E Ratio

22.59

23.73

Market Cap

₹86.08 Cr.

₹245.26 Cr.

ROE

31.12%%

6.29%%

ROCE

21.20%%

15.61%%

Debt/Equity

0.43

1.04

EPS

₹2.92

₹5.52

RoNW

21.88%%

18.18%%

Shares Offered

In the Kalana Ispat IPO retail investors (RII) are offered 23,45,000 shares while in SD Retail IPO retail investors are offered 23,45,000 shares. Qualified institutional buyers (QIB) are offered 0 shares in Kalana Ispat IPO and 9,42,000 shares in SD Retail IPO.

	Kalana Ispat IPO	SD Retail IPO
Anchor Investor Reserveration		14,12,000 shares
Market Maker Reserveration	2,48,000 shares	2,50,000 shares
QIB	0 shares	9,42,000 shares
NII	23,45,000 shares	7,07,000 shares
RII	23,45,000 shares	16,49,000 shares
Employee	0 shares	0 shares
Others
Total	46,90,000 shares	32,98,000 shares

Bids Received (Subscription)

Kalana Ispat IPO subscribed 59.92x in total, whereas SD Retail IPO subscribed 97.08x.

	Kalana Ispat IPO	SD Retail IPO
QIB (times)		69.84x
NII (times)	40.69x	207.62x
Big NII (times)
Small NII (times)
RII (times)	74.54x	65.25x
Employee (times)
Other (times)
Total (times)	59.92x	97.08x

Compare with others

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

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