Kalana Ispat IPO vs Unilex Colours and Chemicals IPO

Comparision between Kalana Ispat IPO and Unilex Colours and Chemicals IPO.

IPO Details

Kalana Ispat IPO is a SME Book Built Issue IPO proposed to list at NSE SME while Unilex Colours and Chemicals IPO is a SME Book Built Issue proposed to list at NSE SME.

	Kalana Ispat IPO	Unilex Colours and Chemicals 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	Hem Securities Limited
Registrar	Skyline Financial Services Private Ltd	Link Intime India Private Ltd
Market Maker	Aftertrade Broking Pvt Ltd	Hem Finlease Private Limited
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor		Anchor Investor
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 Unilex Colours and Chemicals IPO is up to ₹31.32 Cr. The final issue price of Kalana Ispat IPO is ₹66.00 per share and of Unilex Colours and Chemicals IPO is ₹87.00 per share.

	Kalana Ispat IPO	Unilex Colours and Chemicals IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)		₹82.00 per share
Issue Price (Upper)		₹87.00 per share
Issue Price (Final)	₹66.00 per share	₹87.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	2000 shares	1600 shares
Fresh Issue Size	49,38,000 shares	36,00,000 shares
Fresh Issue Size (Amount)	up to ₹32.59 Cr	up to ₹31.32 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	49,38,000 shares	36,00,000 shares
Issue Size Total (Amount)	up to ₹32.59 Cr	up to ₹31.32 Cr

IPO Timetable

Kalana Ispat IPO opens on Sep 19, 2024, while Unilex Colours and Chemicals IPO opens on Sep 25, 2024. The closing date of Kalana Ispat IPO and Unilex Colours and Chemicals IPO is Sep 23, 2024, and Sep 27, 2024, respectively.

	Kalana Ispat IPO	Unilex Colours and Chemicals IPO
Anchor Bid Date		Sep 24, 2024
Issue Open	Sep 19, 2024	Sep 25, 2024
Issue Close	Sep 23, 2024	Sep 27, 2024
Basis Of Allotment (Tentative)	Sep 24, 2024	Sep 30, 2024
Initiation of Refunds (Tentative)	Sep 25, 2024	Oct 01, 2024
Credit of Share (Tentative)	Sep 25, 2024	Oct 01, 2024
Listing date (Tentative)	Sep 26, 2024	Oct 03, 2024
Anchor Lockin End date 1		Oct 30, 2024
Anchor Lockin End date 2		Dec 29, 2024

Financials

Kalana Ispat IPO P/E ratio is 22.59, as compared to Unilex Colours and Chemicals IPO P/E ratio of 14.13.

Kalana Ispat IPO

Unilex Colours and Chemicals 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

Unilex Colours and Chemicals Limited Financial Information (Restated Consolidated)

Unilex Colours and Chemicals Limited's revenue increased by 3% and profit after tax (PAT) rose by 24% 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	9,068.35	7,072.31	7,669.84
Revenue	14,932.88	14,441.84	15,156.73
Profit After Tax	616.67	497.07	471.17
Net Worth	3,686	3,202.89	2,805.98
Reserves and Surplus	2,684.3	2,868.99	2,472.08
Total Borrowing	2,161.4	1,166.83	1,135.09
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

82.72%

100.00%

Promoter Shareholding (Post-Issue)

51.38%

73.56%

P/E Ratio

22.59

14.13

Market Cap

₹86.08 Cr.

₹118.47 Cr.

ROE

31.12%%

17.93%%

ROCE

21.20%%

6.32%%

Debt/Equity

0.43

0.59

EPS

₹2.92

₹6.16

RoNW

21.88%%

16.73%%

Shares Offered

In the Kalana Ispat IPO retail investors (RII) are offered 23,45,000 shares while in Unilex Colours and Chemicals IPO retail investors are offered 23,45,000 shares. Qualified institutional buyers (QIB) are offered 0 shares in Kalana Ispat IPO and 6,81,600 shares in Unilex Colours and Chemicals IPO.

	Kalana Ispat IPO	Unilex Colours and Chemicals IPO
Anchor Investor Reserveration		10,20,800 shares
Market Maker Reserveration	2,48,000 shares	1,92,000 shares
QIB	0 shares	6,81,600 shares
NII	23,45,000 shares	5,12,000 shares
RII	23,45,000 shares	11,93,600 shares
Employee	0 shares	0 shares
Others
Total	46,90,000 shares	23,87,200 shares

Bids Received (Subscription)

Kalana Ispat IPO subscribed 59.92x in total, whereas Unilex Colours and Chemicals IPO subscribed 6.88x.

	Kalana Ispat IPO	Unilex Colours and Chemicals IPO
QIB (times)		3.64x
NII (times)	40.69x	4.56x
Big NII (times)
Small NII (times)
RII (times)	74.54x	9.72x
Employee (times)
Other (times)
Total (times)	59.92x	6.88x

Compare with others

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

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