Kalana Ispat Limited IPO, GMP, Details, Price, And Review IPO Details
| Detail | Description |
|---|---|
| IPO Date | September 19, 2024 to September 23, 2024 |
| Listing Date | - |
| Face Value | ₹ 10 per share |
| Price | ₹ 66 per share |
| Lot Size | 2,000 Shares |
| Total Issue Size | 49,38,000 shares (aggregating up to ₹ 32.59 Cr) |
| Fresh Issue | 49,38,000 shares (aggregating up to ₹ 32.59 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Shareholding pre issue | 81,01,185 |
| Shareholding post issue | 1,30,41,985 |
| Market Maker portion | 2,48,000 shares Aftertrade Broking |
About Kalana Ispat Limited IPO, GMP, Details, Price, And Review
Kalana Ispat Limited was originally incorporated as ‘Kalana Ispat Private Limited’, a private limited company, under the Companies Act, 1956, with a certificate of incorporation issued under the hand of the Registrar of Companies, Gujarat, Dadra and Nagar Haveli, dated on October 15, 2012.
Subsequently, the Company was converted from a private limited company into a public limited company, under a resolution passed in the extraordinary general meeting of their Shareholders held on December 04, 2023 and consequently, the name of the company was changed to “Kalana Ispat Limited” and a fresh certificate of incorporation consequent upon conversion from a private company to the public company dated December 21, 2023, was issued by the Registrar of Companies, Ahmedabad to their Company.
- Kalana Ispat IPO Overview:
- Total Issue Size: ₹32.59 crores
- Issue Type: Fresh issue
- Number of Shares: 49.38 lakh shares
- Price per Share: ₹66
- Minimum Lot Size: 2000 shares
- IPO Opening Date: September 19, 2024
- IPO Closing Date: September 23, 2024
- Key Participants:
- Book Running Lead Manager: Jawa Capital Services Private Limited
- Registrar: Skyline Financial Services Private Ltd
- Market Maker: Aftertrade Broking
Kalana Ispat Limited IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| Retail Shares Offered | 50% of the Net Issue |
| Other Shares Offered | 50% of the Net Issue |
Company & Financials
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:
- 1. Sale of Products.
- 2. Sale of Services.
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 38000 MT/Annum.
Objectives of Kalana Ispat IPO
- The objectives of the present issue of Equity Shares are:
- 1. Capital Expenditure for Installation of 4 MW DC & 3.5 MW AC Ground Mounted Solar Power Plant - TPSAT Structure.
- 2. 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.
- 3. General Corporate Purpose.
Kalana Ispat IPO Review
The company is engaged in the manufacturing/trading and provides 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 prospects hinge on solar power plant installation. Based on FY24 super earnings, the issue appears aggressively priced. Well-informed investors may park funds for the long term.
Kalana Ispat Limited IPO, GMP, Details, Price, And Review Financial Information
Latest Revenue
7,394.46
₹ Crore
Profit After Tax
236.7
₹ Crore
Net Worth
1,081.58
₹ Crore
Total Borrowing
461.38
₹ Crore
| Period Ended | Assets | Revenue From Operations | Profit After Tax | Net Worth | Total Borrowing | ||||
|---|---|---|---|---|---|---|---|---|---|
| 31 Mar 2024 | 1,885.71 | 7,394.46 | 236.7 | 1,081.58 | 461.38 | ||||
| 31 Mar 2023 | 1,617.46 | 8,335.87 | 50.09 | 441.94 | 861.79 | ||||
| 31 Mar 2022 | 1,264.89 | 5,793.32 | 13.66 | 391.65 | 260.57 | ||||
| 31 Mar 2021 | 1,330.7 | 4,298.06 | 13.62 | 376.19 | 262.93 | ||||
| Amount in ₹ Crore | |||||||||
IPO Estimated Listing Return
Based on the IPO Price of ₹66 (highest price band), the latest uploaded Grey Market Premium (GMP) of ₹1015 and a lot size of 2000 shares.
Kalana Ispat Limited IPO, GMP, Details, Price, And Review GMP TREND (DAILY UPDATES)
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| 2024-09-23 | ₹66 | ₹10 (15.15%) | 2024-09-23 |
Kalana Ispat Limited IPO, GMP, Details, Price, And Review Key Performance Indicator
| 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 |
Frequently Asked Questions
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Competitive Strengths
1. Innovation focused business model.
2. Consistent track record of profitable growth due to a scalable business model.
3. Established and proven track record.
4. Experienced Promoters and dedicated employees.
5. Enhancing Promoters Experience.
6. Cordial relations with their customers.
Download regulatory filings
Kalana Ispat Limited IPO, GMP, Details, Price, And Review IPO Timeline
| 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 |
IPO Lot Size
| Investors | No.of lots | Shares Offered | Max Bid Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹132,000 |
| Retail (Max) | 1 | 2000 | ₹132,000 |
| HNI (Min) | 2 | 4000 | ₹264,000 |