Kalana Ispat IPO Details
SME
Kalana Ispat IPO opens for subscription on 19 Sep 2024 and closes on 23 Sep 2024. The IPO will be listed on NSE with the tentative listing date set for 26 Sep 2024.
Kalana Ispat IPO price band has been fixed at ₹66 – ₹66 per share.The face value is ₹10 per share with a lot size of 2000.
Kalana Ispat IPO total issue size comprises 49,38,000 shares (aggregating up to ₹32.59 Cr). This includes a fresh issue of 49,38,000 shares (aggregating up to ₹32.59 Cr). Pre-issue shareholding stands at 81,01,185, which will increase to 1,30,41,985 post-issue.
Kalana Ispat IPO Lot Size : Retail Minimum is 1 lot (2,000 shares) amounting to ₹132,000. Retail Maximum is 1 lot (2,000 shares) amounting to ₹132,000. HNI Minimum is 2 lots (4,000 shares) amounting to ₹264,000.
The Lead Managers for Kalana Ispat IPO are crucial for the offering's success. They are responsible for a wide range of tasks, including preparing the company for the public market, managing the regulatory filings, and marketing the IPO to potential investors. The lead manager for this offering is Jawa Capital Services Pvt Ltd. To assess their past performance and success in previous IPOs, you can view the Lead Manager Performance Summary report.
For SME (Small and Medium-sized Enterprise) IPOs, a Market Maker is appointed to ensure liquidity and stability for the stock once it is listed. They do this by continuously quoting bid and ask prices, ensuring there is a market for the shares. The appointed market maker for this IPO is Aftertrade Broking. You can analyze their track record by checking the Market Maker Performance Summary report.
For detailed information, Refer to the Kalana Ispat Limited RHP.
Kalana Ispat IPO Details
Kalana Ispat IPO Subscription
Kalana Ispat IPO Application Wise Breakup
Kalana Ispat IPO Dates
- 19 Sep 2024Opening dateOpen
- 23 Sep 2024Closing dateClose
- 24 Sep 2024Allotment Date Allotment
- 25 Sep 2024Initiation of RefundsRefund
- 25 Sep 2024Credit of SharesCredit
- 26 Sep 2024Listing dateListing
Kalana Ispat IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 2000 | ₹132,000 |
| Retail Maximum | 1 | 2000 | ₹132,000 |
| HNI Minimum | 2 | 4000 | ₹264,000 |
Kalana Ispat IPO Reservation
Promoter Holding
Documents
Kalana Ispat IPO Valuations
Kalana Ispat Financial Information
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 | ||||||||||||||||||||||||||||||||||||||||
About Kalana Ispat IPO
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
- Sale of Products, and
- 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 38000MT/Annum.
Competitive Strength
- Innovation focused business model;
- Consistent track record of profitable growth due to a scalable business model;
- Established and proven track record;
- Experienced Promoters and dedicated employees
- Enhancing Promoters Experience; and
- Cordial relations with their customers.
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.
Strength Of Kalana Ispat IPO
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. Leveraging the experience of our Promoters.
5. Experienced management team and motivated employees.
6. Cordial relations with our customers.
Risk Of Kalana Ispat IPO
1. The Company, Promoter and Group Companies are party to certain litigation and claims. These legal proceedings are pending at different levels of adjudication before various regulatory authorities. Any adverse decision may make it liable to liabilities or may adversely affect its reputation/ business/financial status. A classification of these legal and other proceedings is given below.
2. The company requires certain approvals and licenses in the ordinary course of business and are required to comply with certain rules and regulations to operate its business, and the failure to obtain, retain and renew such approvals and licenses or comply with such rules and regulations, and the failure to obtain or retain them in a timely manner or at all may adversely affect its operations.
3. Its business is subject to a variety of safety, health and environmental laws, labour, and workplace related laws and regulations. Any failure on our part to comply with these applicable laws and regulations could have an adverse effect on its operations and financial condition.
4. The Company is yet to place order for installation of the Solar Power Plant and for machinery for setting up of its rolling mill, as mentioned in the company's Objects of the Issue. Any delay in placing orders/ procurement of machinery, may delay its implementation schedule and may also lead to increase in price of these machineries.
5. The Company has note entered into definitive agreement with the third party vendor, whose has been engaged by the Company for installation of the Solar Power Plant on turnkey basis, further, any material adverse effect on the said vendor may impact its business and results of operations.
6. Its Promoters and the company's Key Managerial Personnels does not have experience in operations and maintenance of Solar Power Plant.
7. Its top five clients account for more than 78% of the company revenue. Further the company does not have any long term.
8. Its top five suppliers account for more than 40% of the raw material procured by it.
9. The company generally do business with its customers on purchase order basis and do not enter into long term contracts with them. Its inability to maintain relationships with the company customers could have an adverse effect on its business, prospects, results of operations and financial condition.
10. The company has not entered into any long term or definitive agreements with its raw material suppliers. Its inability to obtain raw material in a timely manner, in sufficient quantities and / or at competitive prices could adversely affect its operations, financial condition and / or profitability.
Objectives Kalana Ispat IPO
- 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
Company Contact Details
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/
Registrar Contact Details
Lead Mangers
Lead Manager Reports
Market Maker
Market Maker Reports
Kalana Ispat IPO - FAQs
The Kalana Ispat IPO is a SME public issue comprising 4938000 equity shares with a face value of ₹10 each, aggregating to a total issue size of ₹32.59 Cr. The issue price has been fixed at ₹66 per equity share, and the minimum application size is 2000 shares.
The IPO opens for subscription on 19 Sep 2024, and closes on 23 Sep 2024.
Skyline Financial Services Pvt Ltd has been appointed as the registrar to the issue. The equity shares are proposed to be listed on the NSE
As of now, the current GMP stands at ₹0 (0%).