Kalana Ispat Ltd IPO — GMP, Details & Subscription

IPO Details

Open Date

19 Sep 2024

Close Date

23 Sep 2024

Allotment

24 Sep 2024

Listing Date

26 Sep 2024

Exchange

NSE SME

Price Band

₹66

Listing Price

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Allotment Status

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Price Band

₹66

Per share

Face Value

₹10 per share

Lot Size

2,000 Shares

per lot

Issue Size

49,38,000 shares (aggregating up to ₹32.59 Cr)

Total offering

Issue Type

Fixed Price IPO

Min Investment

₹132,000

1 lot

Pre-IPO Holding

81,01,185 shares

Promoters

Post-IPO Holding

1,30,41,985 shares

Promoters

P/E (Pre)

22.59x

P/E (Post)

36.37x

EPS (Pre)

₹2.92

EPS (Post)

₹1.81

UPI Deadline

2024-09-23

Mandate

Anchor AllotmentWed, 18 Sep 2024

Basis of AllotmentTue, 24 Sep 2024

Refund InitiationWed, 25 Sep 2024

Demat CreditWed, 25 Sep 2024

Listing DayThu, 26 Sep 2024

UPI Mandate Deadline2024-09-23

Sale TypeFresh Capital

Net Offer to Public46,90,000 shares (aggregating up to ₹30.95 Cr)

Market Maker Quota2,48,000 shares (aggregating up to ₹1.64 Cr)

QIB Quota50% of Net Issue

HNI / NII Quota15% of Net Issue

Retail Quota35% of Net Issue

Check AllotmentClick here →

Subscription Rate Final

Kalana Ispat Ltd IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 23 Sep 2024.

QIB

1.00x

Over

NII/HNI

1.00x

Over

Retail

1.00x

Over

Total

1.00x

Over

Category	Subscription	Shares Offered	% of Total	Amount (₹Cr)
Market Maker	Awaited	248,000	—	₹1.64
QIB	Over 1.00x	—	—	—
NII / HNI	Over 1.00x	—	—	—
Retail	Over 1.00x	—	—	—
Total	1.00x	4,938,000	100%	₹32.59

IPO Shares Offered

Kalana Ispat Ltd IPO total issue size: ₹32.59 Cr.

Category	Shares Offered	Amount (₹Cr)	Size (%)
Market Maker	248,000	₹1.64	5.02%
Total	4,938,000	₹32.59	100.00%

* Based on upper price band ₹66 per share

Lot Size & Investment

Lot Size

2,000

Shares per Lot

Issue Price

₹66.00

Upper Band

Min Investment

₹132,000

1 Lot

Application	Lots	Shares	Amount
Retail (Min — 2 Lots)	2	4,000	₹264,000
Retail (Max — 13 Lots)	13	26,000	₹1,716,000
S-HNI (Min — 14 Lots)	14	28,000	₹1,848,000
B-HNI (Min — 68 Lots)	68	136,000	₹8,976,000

* Issue Price ₹66 × Lot Size 2,000 shares

IPO Schedule

Anchor

18 Sep 2024

✓ Done

IPO Open

19 Sep 2024

✓ Done

IPO Close

23 Sep 2024

✓ Done

Allotment

24 Sep 2024

✓ Done

Refunds

25 Sep 2024

✓ Done

Demat Credit

25 Sep 2024

✓ Done

Listing Day

26 Sep 2024

✓ Done

₹66.00

INR · NSE

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Issue ₹66.00 Live Price

About Kalana Ispat Ltd

ncorporated 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 segmentsSale of Products, andSale 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 StrengthInnovation focused business model;Consistent track record of profitable growth due to a scalable business model;Established and proven track record;Experienced Promoters and dedicated employeesEnhancing Promoters Experience; andCordial 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.

Objects of the Issue

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

Kalana Ispat Ltd Financials (Amount in ₹ Lakhs)

Revenue from Operations

₹5,793.3

31 Mar 2022

₹8,335.9

31 Mar 2023

₹7,394.5

31 Mar 2024

Profit After Tax (PAT)

₹13.7

31 Mar 2022

₹50.1

31 Mar 2023

₹236.7

31 Mar 2024

Particulars	31 Mar 2024	31 Mar 2023	31 Mar 2022
Revenue from Operations	7394.46	8335.87	5793.32
EBITDA	N/A	N/A	N/A
Profit After Tax (PAT)	236.70	50.09	13.66
Net Worth	1081.58	441.94	391.65
Total Assets	1885.71	1617.46	1264.89
Reserves & Surplus	271.46	339.70	289.61
Borrowings	461.38	861.79	260.57
EBITDA Margin (%)	N/A	—	—
PAT Margin (%)	3.21%	—	—

P/BV Ratio

4.76

RoE

31.12%

RoCE

21.20%

RoNW

21.88%

PAT Margin

3.21%

Debt/Equity

0.43

Issue Structure & Shareholding

Total Shares Offered49,38,000 (100.00%)

Net Offer to Public46,90,000 shares (aggregating up to ₹30.95 Cr)

Reserved for Market Maker2,48,000 shares (aggregating up to ₹1.64 Cr)

Pre-Issue Promoter Holding81,01,185 shares

Post-Issue Promoter Holding1,30,41,985 shares

P/BV Ratio4.76

RoE31.12%

RoCE21.20%

Debt / Equity0.43

Script CodeN/A

Registrar & Lead Managers

IPO Registrar

Skyline Financial Services Pvt.Ltd.

02228511022

ipo@skylinerta.com

https://www.skylinerta.com/ipo.php

Check Allotment

Book Running Lead Managers

Jawa Capital Services Pvt.Ltd

GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.

IPO Subscription FAQs

How much Kalana Ispat Ltd IPO subscribed? ▲

Kalana Ispat Ltd IPO is subscribed 1.00 times by Sep 23, 2024. Retail: 1.00x. QIB: 1.00x. NII: 1.00x.

Investor Category	Subscription
Qualified Institutional (QIB)	1.00x
Non Institutional (NII/HNI)	1.00x
Retail Individual	1.00x
Total Subscription	1.00x

What is Kalana Ispat Ltd IPO retail subscription status? ▼

The Kalana Ispat Ltd IPO retail category is subscribed 1.00 times as of 23 Sep 2024. The retail portion is oversubscribed.

How to subscribe Kalana Ispat Ltd IPO? ▼

Subscribe via your broker app using ASBA or UPI. Opens 19 Sep 2024 and closes 23 Sep 2024. Min investment: ₹132,000 (1 lot = 2,000 shares). UPI mandate: 2024-09-23.

How many times Kalana Ispat Ltd IPO subscribed? ▼

The Kalana Ispat Ltd IPO subscribed 1.00x overall. QIB: 1.00x, NII: 1.00x, Retail: 1.00x. Applications: from NSE/BSE.

How to check Kalana Ispat Ltd IPO allotment? ▼

Check allotment on the registrar website (Skyline Financial Services Pvt.Ltd.) at https://www.skylinerta.com/ipo.php. Enter your PAN, application number or DP/Client ID. Allotment date: 24 Sep 2024. Refunds: on 25 Sep 2024.

When Kalana Ispat Ltd IPO will be listed? ▼

The Kalana Ispat Ltd IPO listing date is 26 Sep 2024, Thursday. Listed on: NSE SME. Issue price: ₹66. Estimated listing: ₹66. GMP: NIL.

When Kalana Ispat Ltd IPO close? ▼

The Kalana Ispat Ltd IPO closes on 23 Sep 2024, Monday. UPI mandate: 2024-09-23. Allotment: 24 Sep 2024. Listing: 26 Sep 2024.

Quick Actions

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Live Price LIVE

Last Price₹66.00

Change—

Issue Price₹66.00

vs Issue—

Quick Summary

StatusListed

Issue Price₹66

Face Value₹10

Lot Size2,000 Sh

Min. Amount₹132,000

GMPNIL

Est. Listing₹66

Subscribed1.00x

Open Date19 Sep 2024

Close Date23 Sep 2024

Allotment24 Sep 2024

Listing Date26 Sep 2024

ExchangeNSE SME

UPI Deadline2024-09-23