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Kalana Ispat IPO is a fixed price issue of Rs 32.59 crores. The issue is entirely a fresh issue of 49.38 lakh shares.
Kalana Ispat IPO opens for subscription on September 19, 2024 and closes on September 23, 2024. The allotment for the Kalana Ispat IPO is expected to be finalized on Tuesday, September 24, 2024. Kalana Ispat IPO will list on NSE SME with tentative listing date fixed as Thursday, September 26, 2024.
Kalana Ispat IPO price is ₹66 per share. The minimum lot size for an application is 2000 Shares. The minimum amount of investment required by retail investors is ₹132,000. The minimum lot size investment for HNI is 2 lots (4,000 shares) amounting to ₹264,000.
Jawa Capital Services Private Limited is the book running lead manager of the Kalana Ispat IPO, while Skyline Financial Services Private Ltd is the registrar for the issue. The market maker for Kalana Ispat IPO is Aftertrade Broking.
Refer to Kalana Ispat IPO RHP for detailed information.
| IPO Date | September 19, 2024 to September 23, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price | ₹66 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 4,938,000 shares (aggregating up to ₹32.59 Cr) |
| Fresh Issue | 4,938,000 shares (aggregating up to ₹32.59 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 8,101,185 |
| Share holding post issue | 13,041,985 |
| Market Maker portion | 248,000 shares Aftertrade Broking |
| Investor Category | Shares Offered |
|---|---|
| Retail Shares Offered | 50% of the Net Issue |
| Other Shares Offered | 50% of the Net Issue |
Kalana Ispat IPO opens on September 19, 2024, and closes on September 23, 2024.
| IPO Open Date | Thursday, September 19, 2024 |
| IPO Close Date | Monday, September 23, 2024 |
| Basis of Allotment | Tuesday, September 24, 2024 |
| Initiation of Refunds | Wednesday, September 25, 2024 |
| Credit of Shares to Demat | Wednesday, September 25, 2024 |
| Listing Date | Thursday, September 26, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 23, 2024 |
Investors can bid for a minimum of 2000 shares and in multiples thereof. The below 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 | ₹132,000 |
| Retail (Max) | 1 | 2000 | ₹132,000 |
| HNI (Min) | 2 | 4,000 | ₹264,000 |
| Lot Size Calculator | |||
The promoters of the company are Mr. Aftabhusen S Khandwawala, Mr. Varghese Joseph Pottakerry, Mr. Gurubaxsing Jamiatsing Bagga and Mr. Sadik Nannabhai Qureshi.
| Share Holding Pre Issue | 82.72% |
| Share Holding Post Issue | 51.38% |
Incorporated in October 2012, Kalana Ispat Limited is primarily involved in manufacturing M.S. Billets and Alloy Steel Billets of various grades.
The company's business can be divided into segments
The manufacturing facility has been duly certified by international standards of quality management systems such as ISO 2830:2012.
The company's manufacturing unit has an annual capacity of 38000MT/Annum.
Competitive Strength
As of September 2024, the company has three key management personnel (KMPs) and fifteen employees on its payroll. Additionally, the company arranges for temporary manpower per its production requirements from service agencies.
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 | ||||||||||||||||||||||||||||||||||||||||
The market capitalization of Kalana Ispat IPO is Rs 86.08 Cr.
KPI as of March 31, 2024.
| KPI | Values |
|---|---|
| ROE | 31.12% |
| ROCE | 21.20% |
| Debt/Equity | 0.43 |
| RoNW | 21.88% |
| P/BV | 4.76 |
| PAT Margin (%) | 3.21 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 2.92 | 1.81 |
| P/E (x) | 22.59 | 36.37 |
The objects of the present issue of Equity Shares are:
[Dilip Davda] The company is engaged in the business of manufacturing/trading and providing related services in metal products. It marked minuscule earnings from FY21 to FY23 and posted bumper profits for FY24 i.e. pre-IPO year, that raise eyebrows and concern over its sustainability. Its future prospects hinges on solar power plant installation. Based on FY24 super earnings, the issue appears aggressively priced. Well-informed investors may park funds for long term. Read detail review...
Kalana Ispat Limited
504, Ashwamegh Avnue,
5th Floor, Nr Mithakhali Underbridge
Mithakhali, Ahmedabad,-380009
Phone: +91-81418 48159
Email: compliance@kalanaispat.com
Website: https://kalanaispat.com/
Skyline Financial Services Private Ltd
Phone: 02228511022
Email: ipo@skylinerta.com
Website: https://www.skylinerta.com/ipo.php
SME Company Owners
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Kalana Ispat IPO is a SME IPO of 4,938,000 equity shares of the face value of ₹10 aggregating up to ₹32.59 Crores. The issue is priced at ₹66 per share. The minimum order quantity is 2000 Shares.
The IPO opens on September 19, 2024, and closes on September 23, 2024.
Skyline Financial Services Private Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Kalana Ispat IPO using UPI as a payment gateway. Zerodha customers can apply in Kalana Ispat IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Kalana Ispat IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Kalana Ispat IPO opens on September 19, 2024 and closes on September 23, 2024.
Kalana Ispat IPO lot size is 2000 Shares, and the minimum amount required is ₹132,000.
You can apply in Kalana Ispat IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Kalana Ispat IPO will be done on Tuesday, September 24, 2024, and the allotted shares will be credited to your demat account by Wednesday, September 25, 2024. Check the Kalana Ispat IPO allotment status.
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