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Kalana Ispat Ltd

Steel

Offer Period :

19th to 23rd Sep 2024

Incorporated in October 2012, Kalana Ispat Limited manufactures M.S. Billets and Alloy Steel Billets across various grades. The company operates through two segments: product sales Read more... and services. Its manufacturing unit, certified by ISO 2830:2012, has an annual capacity of 38,000 MT. With a focus on innovation and scalable growth, Kalana Ispat benefits from experienced promoters, a dedicated workforce, and strong customer relationships. As of September 2024, the company employs 15 staff members and arranges additional manpower as needed.Read less

Kalana Ispat Ltd IPO Details

IPO Date 19th to 23rd Sep 2024 Minimum Investment ₹132000 / 1 Lots
Listing Date 2024-09-26 Maximum Investment ₹132000 / 1 Lots
Face Value ₹10 per share Total Issue Size ₹32.59 Crores
Price ₹66 to ₹66 per share Fresh Issue ₹32.59 Crores
Lot Size 1 Lots (2000 Shares) Offer For Sale ₹ 0
Listing At NSE-SME Retail Discount ₹ 0
Employee Discount ₹0 per share    
IPO Date 19th to 23rd Sep 2024
Listing Date 2024-09-26
Face Value ₹10 per share
Price ₹66 to ₹66 per share
Lot Size 1 Lots (2000 Shares)
Listing At NSE-SME
Employee Discount ₹0 per share
Minimum Investment ₹132000 / 1 Lots
Maximum Investment ₹132000 / 1 Lots
Total Issue Size ₹32.59 Crores
Fresh Issue ₹32.59 Crores
Offer For Sale
Retail Discount ₹ 0

Timeline

Important dates for allocation and IPO listing.

19th Sep

IPO Starts

23rd Sep

IPO Ends

24th Sep

Allotment Date

25th Sep

Initiation of Refund

25th Sep

Credit of Shares to Demat Account

26th Sep

IPO Listing Date

Shareholder Pattern

  Pre-Issue Post-Issue
Promoter Group 100 62.12
Public Group 0 37.88

Kalana Ispat Ltd IPO Reservation

QIB Shares Offered 0(0%)
NII (HNI) Shares Offered 2344000(47.47%)
Retail Shares Offered 2346000(47.51%)
Anchor Investor Shares Offered 0(0%)
Total Shares Offered 4938000
Total Shares With Anchor Investor 4938000

IPO Lot Size

ApplicationLotsSharesAmount
Retail (Min)---
Retail (Max)---
S-HNI (Min)---
S-HNI (Max)---

Kalana Ispat Ltd IPO Registrar

Skyline Financial Services Pvt
Phone Number +91-11-40450193-97,
Email Id ipo@skylinerta.com
Our Website www.skylinerta.com

Kalana Ispat Ltd IPO Lead Manager

1. Jawa Capital Services Pvt Ltd

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Kalana Ispat Ltd IPO Subscription LIVE Status

Category No. of shares offered No. of shares bid No. of subscribed
Non Institutional Investors 25,93,000 9,56,68,000 87,403.0
Retail Individual Investors (RIIs) 23,45,000 17,48,06,000 87,403.0
Total 49,38,000 28,12,86,000 87,403.0

Strength of Kalana Ispat Ltd

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 its Promoters.

5. Experienced management team and motivated employees.

6. Cordial relations with its customers.

Risks Involved

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 failures on its part to comply with these applicable laws and regulations could have an adverse effect on its operations and financial condition.

4. The Company has opted for HTP-IV tariff for its power needs as are supplied to it by Uttar Gujarat Vij Company Limited, any changes and/or discontinuation of the tariff plans floated by Gujarat Electricity Regulatory Commissions or any non-adherence with the conditions provided under the electricity tariffs may negatively impact the results of operations and profitability of the Company.

5. 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 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.

6. Its business operations are concentrated in Gujarat region, any adverse developments affecting its operations in this region could have a significant impact on the company revenue and results of operations.

7. 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.

8. Its Promoters and the company Key Managerial Personnels does not have experience in operations and maintenance of Solar Power Plant.

9. Its top five clients account for more than 74% of its revenue. Further the company does not have any long term.

10. The Company has negative cash flows from its operating, investing activities and financing activities in the current and past years, details of which are given below. Sustained negative cash flow could impact our growth and business.

Why should you invest in

-

Financials

Particulars For the financial year ending (in ₹ million)
 
Total Assets
Total Liabilities
Total Expenses
Total Revenue 
Profit After Tax
EBITDA
Adjusted EBITDA

Kalana Ispat Ltd IPO Listing Details

Listing Date BSE Script Code NSE Symbol ISIN Final Issue Price
2024-09-26 93035 KALANA
INE0T0L01014
₹66 per share

Listing Day Trading Information

Price Details BSE NSE
Final Issue Price ₹66 ₹66
Open ₹0 ₹45.15
Low ₹0 ₹43
High ₹0 ₹47.4
Low ₹0 ₹43

Frequently Asked Questions

What is Kalana Ispat Ltd IPO?

Answer Field

Kalana Ispat Ltd IPO is a SME IPO of 49,38,000 equity shares of a face value of ₹10 aggregating up to ₹32.59 Crores. The issue is priced at ₹66 to ₹66 per share. The minimum order quantity is 2000 Shares. The IPO opens on September 19, 2024, and closes on September 23, 2024. Skyline Financial Services Pvt is the registrar for the IPO. The shares are proposed to be listed on NSE-SME.

When Kalana Ispat Ltd IPO will open?

Answer Field

The Kalana Ispat Ltd IPO opens on September 19, 2024 and closes on September 23, 2024.

What is the lot size of Kalana Ispat Ltd?

Answer Field

Kalana Ispat Ltd lot size is 2000 shares, and the minimum amount required is ₹1,32,000.

How to apply for Kalana Ispat Ltd IPO?

Answer Field

You can apply in Kalana Ispat Ltd 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. To apply for an IPO:

• Login to Bajaj Broking account App/Website & click on IPO

• Enter the number of lots and price at which you wish to apply.

• Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.

• You will receive a mandate notification to block funds in your UPI app.

• Approve the mandate request on your UPI and funds will be blocked.

When is Kalana Ispat Ltd IPO allotment?

Answer Field

The finalization of Basis of Allotment for Kalana Ispat Ltd 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 Ltd IPO listing date?

Answer Field

The Kalana Ispat Ltd listing date is September 26, 2024.

Who is the registrar of Kalana Ispat Ltd IPO?

Answer Field

The registrar of Kalana Ispat Ltd IPO is Skyline Financial Services Pvt

Which company is the book-running lead manager of the IPO?

Answer Field

Jawa Capital Services Pvt Ltd will be the book-running lead manager of this IPO.

What is the fresh issue of Kalana Ispat Ltd IPO?

Answer Field

The fresh issue size is ₹32.59 Crores equity shares.

What minimum lot size can retail subscribers subscribe to Kalana Ispat Ltd?

Answer Field

Retail investors can subscribe to a minimum of one lot, 2000 shares and ₹1,32,000 amount.

How can I approve the UPI mandate request for Kalana Ispat Ltd IPO?

Answer Field

To apply for Kalana Ispat Ltd IPO, you need to log in to your demat account to complete the bidding process. Then, approve the payment mandate on your UPI app.

What is the price range of Kalana Ispat Ltd?

Answer Field

The price of each Kalana Ispat Ltd share will be ranging in between ₹66 to ₹66 per share.

What is the cut-off time for the UPI mandate for Kalana Ispat Ltd IPO?

Answer Field

The cut-off time for the UPI mandate confirmation is 5:00 PM, September 23, 2024.

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