Kalana Ispat Ltd
Price Range
₹66
-
Min. Quantity
2,000
Closes on
23 September 2024
-
Min. investment
₹1,32,000/2,000 Shares
Kalana Ispat Ltd IPO Timeline
Kalana Ispat Limited was originally incorporated as Kalana Ispat Private Limited', a private limited company, with a certificate of incorporation issued under the hand of the Registrar of Companies, Gujarat, Dadra and Nagar Havelli, dated on October 15, 2012. Subsequently, it converted from a private limited company into a public limited company, and the Company name was changed to 'Kalana Ispat Limited', and a fresh certificate of incorporation was issued by the Registrar of Companies, Ahmedabad to Company
| Event | Date |
|---|---|
| Kalana Ispat Ltd IPO Opening Date | 19 September 2024 |
| Kalana Ispat Ltd IPO Closing Date | 23 September 2024 |
| Basis of Allotment | 24 September 2024 |
| Initiation of Refunds | 25 September 2024 |
| Credit of Shares to Demat | 25 September 2024 |
| Kalana Ispat Ltd IPO Listing Date | 26 September 2024 |
Kalana Ispat Ltd IPO Details
| Kalana Ispat Ltd IPO Date | 19 September 2024 to 23 September 2024 |
| Kalana Ispat Ltd IPO Face Value | ₹10 per share |
| Kalana Ispat Ltd IPO Price | ₹66 to ₹0 per share |
| Kalana Ispat Ltd IPO Lot Size | 2,000 |
| Issue Size | Shares of ₹10 (aggregating up to ₹32.59 Cr) |
| Fresh Issue | Shares of ₹10 (aggregating up to ₹32.59 Cr) |
| Offer for Sale | - |
| Issue Type | Fixed Price - SME |
| Listing At | NSE - SME |
| QIB Shares Offered | - |
| Retail Shares Offered | - |
| NII (HNI) Shares Offered | - |
| Company Promoters | Aftabhusen Khandwala, Varghese Joseph Pottakerry, Gurubaxsing Jamiatsing Bagga |
Kalana Ispat Ltd IPO Lot Size
The Kalana Ispat Ltd IPO lot size is 2,000 shares. A retail-individual investor can apply for up to 1 lots (2,000 shares or ₹1,32,000).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Minimum | 1 | 2,000 | ₹1,32,000 |
| Maximum | 1 | 2,000 | ₹1,32,000 |
- Strengths
- Risks
- Opportunities
- Innovation focused business model.
- Consistent track record of profitable growth due to a scalable business model.
- Established and proven track record.
- Leveraging the experience of its Promoters.
- Experienced management team and motivated employees.
- Cordial relations with its customers.
Company Financials
Kalana Ispat Ltd Financial Information (Restated)
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 03-2024 | 18.86 | 73.94 | 2.37 |
| 03-2023 | 16.17 | 83.36 | 0.50 |
| 03-2022 | 12.67 | 57.93 | 0.15 |
| Amount in ₹ Crore | |||
Objects of the Issue
The company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:
- Capital Expenditure for installation of 4 MW ground mounted Solar Power Plant - TPSAT structure
- Capital expenditure for setting up of rolling mill at survey No. 4/1 Taluka Sanand Mouje Kalana (V)
- General corporate purposes
Kalana Ispat Ltd IPO Promoter Holding
| Pre Issue Share Holding | 25.15% |
| Post Issue Share Holding | 15.62% |
Kalana Ispat Ltd IPO Subscription Status (Bidding Detail)
The Kalana Ispat Ltd IPO is subscribed 0 times on 23 September 2024 05:00:00 PM. The public issue subscribed 0 times in the retail category, 0 times in the QIB category, and 0 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | QIB | NII | Retail | Employee | Total |
| Subscription (times) | - | - | - | - | - |
Kalana Ispat Ltd IPO Prospectus
Kalana Ispat Ltd IPO Listing Date
| BSE Script | 93035 |
| NSE Symbol | KALANA |
| Listing In | NSE - SME |
| ISIN | INE0T0L01014 |
| IPO Price | ₹66 |
| Face Value | ₹10 |
Company Contact Information
504 Ashwamegh Avenue 5th FloorMithakhali,Ahmedabad-380009
Phone: 81418 48159
Email: contact@kalanaispat.com
Website: www.kalanaispat.com
Kalana Ispat Ltd IPO Registrar
Kalana Ispat Ltd IPO Lead Manager(s)
- Jawa Capital Services Pvt Ltd
FAQ
What is the issue size of Kalana Ispat Ltd IPO?
I have pre-applied for Kalana Ispat Ltd IPO. When will my order get placed?
In case of pre-apply, your IPO order will be placed on the Exchange as soon as the official bidding for TBI Corn Ltd IPO begins. You will receive a UPI request within 24 hours after the bidding period opens.