September 19, 2024
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Kalana Ispat IPO GMP grey market premium, review, Subscription, allotment, listing estimate @ Chanakyanipothi.com, a legacy of 31 Years. India`s Oldest Investment & IPO website. Most Trusted by Investors across India. Table of Contents
Kalana Ispat IPO listing Review
Kalana Ispat IPO allotment Link
Subscription status of Kalana Ispat IPO
Will update soon
What is the business of Kalana Ispat?Incorporated in October 2012, Kalana Ispat Limited specializes in the production of M.S. Billets and Alloy Steel Billets in various grades. Its operations are divided into two main segments:
- Sale of Products
- Sale of Services
Its manufacturing facility adheres to international quality standards, with certification under ISO 2830:2012. The plant boasts an annual production capacity of 38,000 MT. Competitive Strengths:
- Innovation-Driven Business Model: Focused on continuous improvement and cutting-edge practices.
- Consistent Profitability: Demonstrated track record of profitable growth supported by a scalable business model.
- Established Expertise: Proven performance and reliability in the industry.
- Experienced Leadership: Guided by seasoned promoters and supported by a dedicated team.
- Customer Relations: Strong, positive relationships with clients.
Kalana Ispat Limited remains committed to leveraging its competitive strengths to deliver high-quality products and services while fostering enduring client partnerships.
Kalana Ispat IPO Details |
|
| IPO opens on | 19 September 2024 |
| IPO closes on | 23 September 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 4938,000 Shares / Rs 32.59 Crore |
| * Fresh Issue | 4938,000 Shares / Rs 32.59 Crore |
| * Offer for Sale – | – shares / Rs. – crore |
| Market Maker Portion | 248,000 Shares |
| Net offer to Public | 4690000 Shares/ Rs.30.95 Crore |
| Face Value per share | Rs. 10 |
| Price Band | Rs.66 |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | 2000 Shares |
| Listing will at | NSE SME |
Shares offered in IPO |
||
| Shares | Rs. (Crore) | |
| QIB (0%) | – | – |
| NII (50%) | 2345,000 | 15.45 |
| RII (50%) | 2345,000 | 15.45 |
| Total Shares | 4690,000 | 30.95 |
| Retail portion will be oversubscribed by | 1173 | |
| Forms | ||
| How much Shares to Apply in this IPO? | ||
| Min Retail Application | 2000 Shares | Rs.132,000 |
| Min HNI Application | 4000 Shares | Rs.264,000 |
Who are the Promoters of Kalana Ispat IPO? The promoters of the company are Mr. Aftabhusen S Khandwawala, Mr. Varghese Joseph Pottakerry, Mr. Gurubaxsing Jamiatsing Bagga and Mr. Sadik Nannabhai Qureshi.
What are the Objects of Kalana Ispat IPO?
The objects of the present issue of Equity Shares are: Capital Expenditure for Installation of 4 MW DC & 3.5 MW AC Ground Mounted Solar Power Plant – TPSAT Structure Capital expenditure for setting up of rolling mill at Survey No. 4/1 Taluka Sanand, Mouje Kala village, Ahmedabad by the construction of the industrial shed, purchase of equipment/machinery, other assets etc; and General Corporate Purpose
Tentative timetable |
|
| IPO opens on | 19 September 2024 |
| IPO Closes on | 23 September 2024 |
| IPO Allotment on | 24 September 2024 |
| Refund Initiation | 25 September 2024 |
| Credit of Shares | 25 September 2024 |
| Listing on | 26 September 2024 |
| Registered Office of the Company Kalana Ispat Limited 504, Ashwamegh Avnue, 5th Floor, Nr Mithakhali Underbridge Mithakhali, Ahmedabad,-380009 |
| Who is the Lead Manager of this IPO? Skyline Financial Services Private Ltd |
| Who is the Registrar to IPO? Jawa Capital Services Private Limited |
Kalana Ispat IPO Financial & Analytical Ratios |
||||
| Year | Total Income | Net Profit | EPS | RoNW |
| Rs.in Crore | Rs.in Crore | Rs. | % | |
| 2021-22 | 57.93 | 0.14 | – | – |
| 2022-23 | 83.36 | 0.50 | – | – |
| 2023-24 | 73.94 | 2.36 | 2.92 | 21.28 |
| Book Value of the Share on 31.03.2024 | Rs | ? | ||
| BV of the Share at cap price after IPO | Rs. | – | ||
| Offer Price/upper band | Rs. | 66 | ||
IPO Key Performance indicators |
|
| Price/EPS of 23-24 | 22.59 |
| Price/BV Ratio | 4.76 |
| Price/BV after IPO | |
| As on date of RHP | FV | Total | PE |
| Rs. | Income | Ratio of | |
| Rs. In Crore | |||
| Kalana Ispat | 22.59 | ||
| Supershakti Metaliks | 31.43 | ||
| Incredible Industries | 37.26 | ||
| Gallant Ispat | 39.83 | ||
# This is only coverage of News related to Grey Market Premium & subject to rates. We do not deal in grey market premium. We do not recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.
Kalana Ispat IPO Review
Incorporated in October 2012, Kalana Ispat Limited specializes in the production of M.S. Billets and Alloy Steel Billets in various grades. Size: Net size of the IPO is Rs.30.95 crore, comprising of 4690,000 shares. The size of the IPO is relatively large. Financial Snapshot: The company has shown small profits except in the year just prior to the IPO. During 2023-24, the net profit of the company has shoot up to Rs. 2.36 crore from just Rs. 50 lacs in previous year. We cannot comment whether the company can maintain such high profitabilty in future. Apparently the IPO is reasonably priced but the fancy of Ispat companies are not high.
Quicklinks
Kalana Ispat IPO GMP grey market premium
Kalana Ispat IPO FAQs
What is Kalana Ispat IPO?
This is a SME IPO of 4938,000 equity shares of the face value of Rs. 10 aggregating up to Rs.32.59 Crores. The issue is priced at Rs.66 per share. The minimum order quantity is 2000 Shares.
When will Kalana Ispat IPO subscription open?
Kalana Ispat IPO opens on September 19, 2024, and closes on September 23, 2024.
What is the lot size of Kalana Ispat IPO?
Kalana Ispat IPO lot size is 2000 Shares, and the minimum amount required is Rs.132,000
How to apply for Kalana Ispat IPO?
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.
When is Kalana Ispat IPO allotment?
The finalization of Basis of Allotment for Kalana Ispat IPO will be done on September 24 2024, and the allotted shares will be credited to your demat account by September 25, 2024.
When is Kalana Ispat IPO listing date?
Kalana Ispat IPO listing date is September 26, 2024.
Subscription status of Kalana Ispat IPO
Will update soon
What is the business of Kalana Ispat?Incorporated in October 2012, Kalana Ispat Limited specializes in the production of M.S. Billets and Alloy Steel Billets in various grades. Its operations are divided into two main segments:
- Sale of Products
- Sale of Services
Its manufacturing facility adheres to international quality standards, with certification under ISO 2830:2012. The plant boasts an annual production capacity of 38,000 MT. Competitive Strengths:
- Innovation-Driven Business Model: Focused on continuous improvement and cutting-edge practices.
- Consistent Profitability: Demonstrated track record of profitable growth supported by a scalable business model.
- Established Expertise: Proven performance and reliability in the industry.
- Experienced Leadership: Guided by seasoned promoters and supported by a dedicated team.
- Customer Relations: Strong, positive relationships with clients.
Kalana Ispat Limited remains committed to leveraging its competitive strengths to deliver high-quality products and services while fostering enduring client partnerships.
Kalana Ispat IPO Details |
|
| IPO opens on | 19 September 2024 |
| IPO closes on | 23 September 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 4938,000 Shares / Rs 32.59 Crore |
| * Fresh Issue | 4938,000 Shares / Rs 32.59 Crore |
| * Offer for Sale – | – shares / Rs. – crore |
| Market Maker Portion | 248,000 Shares |
| Net offer to Public | 4690000 Shares/ Rs.30.95 Crore |
| Face Value per share | Rs. 10 |
| Price Band | Rs.66 |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | 2000 Shares |
| Listing will at | NSE SME |
Shares offered in IPO |
||
| Shares | Rs. (Crore) | |
| QIB (0%) | – | – |
| NII (50%) | 2345,000 | 15.45 |
| RII (50%) | 2345,000 | 15.45 |
| Total Shares | 4690,000 | 30.95 |
| Retail portion will be oversubscribed by | 1173 | |
| Forms | ||
| How much Shares to Apply in this IPO? | ||
| Min Retail Application | 2000 Shares | Rs.132,000 |
| Min HNI Application | 4000 Shares | Rs.264,000 |
Who are the Promoters of Kalana Ispat IPO? The promoters of the company are Mr. Aftabhusen S Khandwawala, Mr. Varghese Joseph Pottakerry, Mr. Gurubaxsing Jamiatsing Bagga and Mr. Sadik Nannabhai Qureshi.
What are the Objects of Kalana Ispat IPO?
The objects of the present issue of Equity Shares are: Capital Expenditure for Installation of 4 MW DC & 3.5 MW AC Ground Mounted Solar Power Plant – TPSAT Structure Capital expenditure for setting up of rolling mill at Survey No. 4/1 Taluka Sanand, Mouje Kala village, Ahmedabad by the construction of the industrial shed, purchase of equipment/machinery, other assets etc; and General Corporate Purpose
Tentative timetable |
|
| IPO opens on | 19 September 2024 |
| IPO Closes on | 23 September 2024 |
| IPO Allotment on | 24 September 2024 |
| Refund Initiation | 25 September 2024 |
| Credit of Shares | 25 September 2024 |
| Listing on | 26 September 2024 |
| Registered Office of the Company Kalana Ispat Limited 504, Ashwamegh Avnue, 5th Floor, Nr Mithakhali Underbridge Mithakhali, Ahmedabad,-380009 |
| Who is the Lead Manager of this IPO? Skyline Financial Services Private Ltd |
| Who is the Registrar to IPO? Jawa Capital Services Private Limited |
Kalana Ispat IPO Financial & Analytical Ratios |
||||
| Year | Total Income | Net Profit | EPS | RoNW |
| Rs.in Crore | Rs.in Crore | Rs. | % | |
| 2021-22 | 57.93 | 0.14 | – | – |
| 2022-23 | 83.36 | 0.50 | – | – |
| 2023-24 | 73.94 | 2.36 | 2.92 | 21.28 |
| Book Value of the Share on 31.03.2024 | Rs | ? | ||
| BV of the Share at cap price after IPO | Rs. | – | ||
| Offer Price/upper band | Rs. | 66 | ||
IPO Key Performance indicators |
|
| Price/EPS of 23-24 | 22.59 |
| Price/BV Ratio | 4.76 |
| Price/BV after IPO | |
| As on date of RHP | FV | Total | PE |
| Rs. | Income | Ratio of | |
| Rs. In Crore | |||
| Kalana Ispat | 22.59 | ||
| Supershakti Metaliks | 31.43 | ||
| Incredible Industries | 37.26 | ||
| Gallant Ispat | 39.83 | ||
# This is only coverage of News related to Grey Market Premium & subject to rates. We do not deal in grey market premium. We do not recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.
Kalana Ispat IPO Review
Incorporated in October 2012, Kalana Ispat Limited specializes in the production of M.S. Billets and Alloy Steel Billets in various grades. Size: Net size of the IPO is Rs.30.95 crore, comprising of 4690,000 shares. The size of the IPO is relatively large. Financial Snapshot: The company has shown small profits except in the year just prior to the IPO. During 2023-24, the net profit of the company has shoot up to Rs. 2.36 crore from just Rs. 50 lacs in previous year. We cannot comment whether the company can maintain such high profitabilty in future. Apparently the IPO is reasonably priced but the fancy of Ispat companies are not high.
Quicklinks
Kalana Ispat IPO GMP grey market premium
Kalana Ispat IPO FAQs
What is Kalana Ispat IPO?
This is a SME IPO of 4938,000 equity shares of the face value of Rs. 10 aggregating up to Rs.32.59 Crores. The issue is priced at Rs.66 per share. The minimum order quantity is 2000 Shares.
When will Kalana Ispat IPO subscription open?
Kalana Ispat IPO opens on September 19, 2024, and closes on September 23, 2024.
What is the lot size of Kalana Ispat IPO?
Kalana Ispat IPO lot size is 2000 Shares, and the minimum amount required is Rs.132,000
How to apply for Kalana Ispat IPO?
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.
When is Kalana Ispat IPO allotment?
The finalization of Basis of Allotment for Kalana Ispat IPO will be done on September 24 2024, and the allotted shares will be credited to your demat account by September 25, 2024.
When is Kalana Ispat IPO listing date?
Kalana Ispat IPO listing date is September 26, 2024.
