The Kalana Ispat IPO will open on September 19, 2024, and will close on September 23, 2024. This Fixed Price Issue is designed to raise approximately ₹32.59 crores. Specifically, the IPO comprises a fresh issue of ₹32.59 crores, along with an offer for sale of up to [.] equity shares, each with a face value of ₹10.
Table of contents
- Kalana Ispat IPO Overview
- Company Details
- Key Dates
- Financials (₹ in Lakhs)
- IPO Lot Size
- The objective of the Issue
- Company Promoters
- Kalana Ispat IPO GMP (Grey Market Premium)
- Kalana Ispat IPO Application Form PDF
- Kalana Ispat IPO Subscription Status
- Kalana Ispat IPO Allotment Status
- IPO Review
- Kalana Ispat IPO Registrar
- Kalana Ispat IPO Lead Manager
- Kalana Ispat Limited Contact
- FAQs
Kalana Ispat IPO Overview
| Overview Points | Description |
|---|---|
| Company Name | Kalana Ispat Limited |
| Industry | Steel Manufacturing |
| IPO Issue Type | Fixed Price Issue |
| Open Date | September 19, 2024 |
| Close Date | September 23, 2024 |
| Total Issue Size | ₹32.59 Crores (4,938,000 Equity Shares) |
| Fresh Issue | ₹32.59 Crores (4,938,000 Equity Shares) |
| Face Value | ₹10 Per Equity Share |
| Price Band | ₹66 per share |
| Listing on | NSE SME |
| Lot Size | 2000 Shares |
| Offer for Sale | NA |
| Shares Offered to Retail | 50% |
| Shares Offered to QIB | 00% |
| Shares Offered to HNI | 50% |
Company Details
Established in 2012, Kalana Ispat Limited, formerly known as Kalana Ispat Pvt Ltd, began its journey under the collaborative leadership of Mr. Varghese Joseph Pottakerry and Aftab S. Khandwawala. Initially, the company focused on trading metal scrap, which was procured through international imports, shipbreaking yards, and local vendors. As the business evolved, the company ventured into the production of M.S. Billets, subsequently setting up a manufacturing unit in Ahmedabad, Gujarat, in 2015. The company’s business can be divided into two segments: Sale of Products, and Sale of Services.
Currently, Kalana Ispat Pvt Ltd is recognized as a reliable name in the industry. They cater to a wide range of prominent producers who value the superior quality of their M.S. Billets. Indeed, the company’s commitment to quality and its longstanding market goodwill remain the cornerstones of its success, as well as the foundation for its enduring relationships with cherished customers. The manufacturing facility has been duly certified by international standards of quality management systems such as ISO 2830:2012.
Key Dates
| Events | Date |
|---|---|
| IPO Open Date | September 19, 2024 |
| IPO Close Date | September 23, 2024 |
| Basis of Allotment | September 24, 2024 |
| Refunds | September 25, 2024 |
| Credit to Demat Account | September 25, 2024 |
| IPO Listing Date | September 26, 2024 |
Financials (₹ in Lakhs)
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | ₹1,885.71 | ₹1,617.46 | ₹1,264.89 |
| Revenue | ₹7,394.46 | ₹8,335.87 | ₹5,793.32 |
| Profit After Tax | ₹236.7 | ₹50.09 | ₹13.66 |
| Net Worth | ₹1,081.58 | ₹441.94 | ₹391.65 |
| Reserves and Surplus | ₹271.46 | ₹339.7 | ₹289.61 |
| Total Borrowing | ₹461.38 | ₹861.79 | ₹260.57 |
IPO Lot Size
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹132,000 |
| Retail (Max) | 1 | 2000 | ₹132,000 |
| HNI (Min) | 2 | 4000 | ₹264,000 |
The objective of the Issue
- Capital expenditure will be directed toward the installation of a 4 MW DC and 3.5 MW AC ground-mounted solar power plant with a TPSAT structure.
- Furthermore, funds will be used to set up a rolling mill at Survey No. 4/1, Taluka Sanand, Mouje Kala village, Ahmedabad. This process includes constructing an industrial shed, acquiring equipment and machinery, and purchasing additional assets.
- Additionally, the expenditure will address general corporate purposes.
Company Promoters
- Mr. Aftabhusen S Khandwawala
- Mr. Varghese Joseph Pottakerry
- Mr. Gurubaxsing Jamiatsing Bagga
- Mr. Sadik Nannabhai Qureshi
Kalana Ispat IPO GMP (Grey Market Premium)
Are you curious about the latest Grey Market Premium (GMP) for the Kalana Ispat IPO? Look no further! Visit our dedicated IPO GMP section where we keep you in the loop with daily updates on all IPOs, including Kalana Ispat Limited. Additionally, stay ahead of the game with real-time GMP insights that can help you make informed investment decisions. Whether you’re a seasoned investor or just getting started, our updates have got you covered!
Kalana Ispat IPO Application Form PDF
To download the Kalana Ispat IPO application form, simply check out the IPO Forms. Additionally, you can download the ASBA IPO Forms PDF.
Kalana Ispat IPO Subscription Status
This IPO subscription kicks off on September 19, 2024! Meanwhile, if you’re looking to stay updated with the latest subscription figures, head over to our IPO Subscription section for real-time data on all ongoing IPOs. Moreover, don’t miss out on the action—track the progress as it happens!
Kalana Ispat IPO Allotment Status
To check the Kalana Ispat IPO allotment status go to the IPO registrar website Skyline or go to IPO Allotment.
Furthermore, To check allotment status. Firstly, follow the steps below:
- Firstly, go to the link given above.
- Secondly, select the company name.
- Then, enter your PAN Number, Beneficiary Number, Application Number, or CAF Number.
- Finally, submit the details to get the allotment status.
IPO Review
Strengths:
- The company operates under an innovation-driven business model and has a consistent record of profitable growth, thanks to its scalable approach.
- Additionally, with an established and proven track record, the company leverages the extensive experience of its promoters, while being supported by an experienced management team and motivated employees.
Risks:
- However, the company, along with its promoters and group entities, is involved in various legal proceedings at different levels. Consequently, any adverse outcomes could impact its liabilities, reputation, business, or financial status.
- Furthermore, failure to obtain or maintain necessary approvals and licenses, or to comply with safety, health, environmental, and labor regulations, may also negatively affect its operations and financial health.
Kalana Ispat IPO Registrar
SKYLINE FINANCIAL SERVICES PRIVATE LIMITED
D-153A, 1st floor, Phase I,
Okhla Industrial Area, Delhi – 110020
Phone: +91-11-40450193-97
Email: ipo@skylinerta.com
Website: www.skylinerta.com
Kalana Ispat IPO Lead Manager
JAWA CAPITAL SERVICES PRIVATE LIMITED
Plot No. 93, First Floor, Pocket 2,
Near DAV School, Jasola, New Delhi- 110025
Phone:+91-11-47366600
Email: mbd@jawacapital.in
Website: www.jawacapital.in
Kalana Ispat Limited Contact
KALANA ISPAT LIMITED
C-918, Stratum at Venus Ground, Nr. Jhansi Ki
Rani Statute, Nehrunagar, Ahmedabad – 380015
Phone: +81418 48159
E-mail: contact@kalanaispat.com
Website: www.kalanaispat.com
FAQs
To apply for the Kalana Ispat IPO, you can use the ASBA process online through your bank account. Alternatively, you may opt to apply via UPI through your stock broker. Additionally, if you prefer an offline method, you can complete a physical application form through your stock broker.
The IPO issue size for Kalana Ispat is ₹32.59 crores.
Additionally, The price band for Kalana Ispat’s IPO is at ₹66 per share.
The minimum bid involves 2,000 shares, amounting to ₹132,000.
Moreover, The allotment date for Kalana Ispat’s IPO is September 24, 2024.
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