Kalana Ispat Limited
| Opening Date | Closing Date | Face Value | Issue Price | Lot Size | Listing At | Total Issue Size | Basis of Allotment | Initiation of Refunds | Credit of Shares to Demat | Listing Date |
|---|---|---|---|---|---|---|---|---|---|---|
| 18-09-2024 | 22-09-2024 | 10 pER SHARE | 66 | 2000 Shares | NSE SME | 4,938,000 shares (aggregating up to ₹32.59 Cr) | 2024-09-23 18:30:00 | 2024-09-24 18:30:00 | 2024-09-24 18:30:00 | 25-09-2024 |
About The Company
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.
Financials
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrow |
|---|---|---|---|---|---|---|
| 30-03-2021 | 1331 | 4298 | 14 | 376.19 | 275.95 | 262.93 |
| 30-03-2022 | 1265 | 1265 | 5793 | 13.66 | 391.65 | 260.57 |
| 30-03-2023 | 1617 | 8336 | 50 | 441.94 | 339.7 | 861.79 |
| 30-03-2024 | 1886 | 7394 | 237 | 1081.58 | 271.46 | 461.38 |
IPO Subscription Status
| Category | Subscription Times |
|---|---|
| Market Maker | 1 |
| Non-Institutional Buyers | 40.65 |
| Retail | 74.26 |
| Total | 59.76 |
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | 132000 |
| Retail (Max) | 1 | 2000 | 132000 |
| Retail (Max) | 2 | 4000 | 264000 |
IPO Listing Details
| Listing Date | 25-09-2024 |
| BSE Script Code | - |
| NSE Symbol | KALANA |
| ISIN | INE0T0L01014 |
| Final Issue Price | 66 |
Promoter holdings
Mr. Aftabhusen S Khandwawala, Mr. Varghese Joseph Pottakerry, Mr. Gurubaxsing Jamiatsing Bagga and Mr. Sadik Nannabhai Qureshi.
Contact Information of the Company
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/
IPO Registrar
Skyline Financial Services Private Ltd
Phone: 02228511022
Email: ipo@skylinerta.com
Website: https://www.skylinerta.com/ipo.php
IPO Lead Manager
Jawa Capital Services Private Limited (Past IPO Performance)