Kalana Ispat IPO GMP : Kalana Ispat IPO GMP is Open on 19 Sep 2024 and Close on 23 Sep 2024. Kalana Ispat IPO to Raise 49,38,000 shares (Approx ₹32.59 Cr) via IPO. The Fresh issue of 49,38,000 shares (Approx ₹32.59 Cr).
In the year 2012, Mr. Aftabhusen S. Khandwawala and Varghese Joseph Pottakerry collaborated and laid down the foundation of our Company. Initially, the Company was engaged in trading metal scraps, which were procured through imports from various countries, sourced from shipbreaking yards and local merchants.
As the business progressed, our Company ventured into manufacturing M.S. Billets and set up its manufacturing unit in Ahmedabad, Gujarat in the year 2015. Today, our Company is engaged in manufacturing M.S. Billets and Alloy Steel Billets/Ingots.
Our Product Portfolio:
- M S BILLETS
- ALLOY STEEL BILLETS
We believe that an appropriate information technology infrastructure is important to support the growth of our business. Our IT infrastructure enables us to track orders from customers, procurement of raw materials, sale of finished goods and inventory management.
Our aim is to provide branded, standardized, and uniform quality products at competitive prices to our consumers. Many of our competitors have a substantially large capital base and resources than we do and offer a broader range of products. As the industry continues to evolve, these competitors, driven by innovation and a commitment to meeting the world’s growing product demands.
Set forth below are our Significant Competitors:
- Friends Steel Private Limited
- Shiv Jyot Industries Private Limited
- Mono Steel Limited
- Haq Steel Private Limited
Kalana Ispat IPO Date & Price Band Details
| IPO Open Date | 19 Sep 2024 |
|---|---|
| IPO Close Date | 23 Sep 2024 |
| IPO Size | 49,38,000 shares (Approx ₹32.59 Cr) |
| Fresh Issue | 49,38,000 shares (Approx ₹32.59 Cr) |
| Lot Size | 2000 Shares |
| IPO Face Value | ₹10 Per Equity Share" |
| IPO Price Band | ₹66 Per Every Share |
| IPO Listing On | NSE SME |
| IPO Retail Quota | 50% |
| IPO QIB Quota | -% |
| IPO NII Quota | 50% |
| DRHP Draft | Click Here |
| Anchor Investor | Click Here |
Kalana Ispat IPO Market Lot Details
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 2000 | ₹1,32,000 |
| Retail Maximum | 1 | 2000 | ₹1,32,000 |
| S-HNI Minimum | 2 | 4000 | ₹2,64,000 |
Object 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 construction of the industrial shed, purchase of equipment/machineries, other assets etc.
- General Corporate Purpose
Kalana Ispat IPO Allotment & Listings (Details)
| IPO Open Date | 19 Sep 2024 |
|---|---|
| IPO Close Date | 23 Sep 2024 |
| Basis of Allotment | 24 Sep 2024 |
| Refunds | 25 Sep 2024 |
| Credit to Demat Account | 25 Sep 2024 |
| IPO Listing Date | 26 Sep 2024 |
Kalana Ispat Financial Reports
| ₹ in Crores | |||
|---|---|---|---|
| Year | Revenue | Expense | PAT |
| 2024 | ₹73.94 | ₹70.69 | ₹2.37 |
| 2023 | ₹83.36 | ₹82.68 | ₹0.50 |
| 2022 | ₹57.93 | ₹57.74 | ₹0.14 |
| 2021 | ₹42.98 | ₹42.75 | ₹0.14 |
Our Company Promoters
- Mr. Varghese Joseph Pottakerry
- Mr. Aftabhusen S Khandwawala
- Mr. Gurubaxsing Bagga
- Mr. Sadik Nanabhai Qureshi
Qualitative Factors
- 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 our Promoters.
- Experienced management team and motivated employees.
- Cordial relations with our customers.
Comparison of Accounting Ratios with Peer Group Companies
| Company Name | Face Value | EPS | P/E Ratio | RONW | NAV Per | Revenue (₹ in Lakhs) |
|---|---|---|---|---|---|---|
| Kalana Ispat Ltd | 10.00 | 5.03 | 13.12 | 11.38% | 44.19 | 8,303.86 |
| Peer Group | ||||||
| Supershakti Metaliks Ltd | 10.00 | 28.89 | 18.17 | 14.04% | 205.86 | 72,981.83 |
| Incredible Industries Ltd | 10.00 | 1.05 | 44.75 | 3.88% | 27.08 | 74,060.70 |
| Gallantt Ispat Ltd | 10.00 | 5.84 | 61.13 | 6.33% | 92.22 | 4,03,458.27 |
Also Read: Avi Ansh Textile IPO
Kalana Ispat Company Contact Details
504, Ashwamegh Avnue, 5th Floor Nr, Mithakhali Underbridge,
Mithakhali, Ahmedabad, Gujarat-380009 India.
Tel: 7949208045
Email: contact@kalanaispat.com
Website: www.kalanaispat.com
Kalana Ispat Lead Manager
JAWA CAPITAL SERVICES PRIVATE LIMITED
Plot No. 93, F/F, Pocket-2, Near DAV School, Jasola, Delhi-110025
Tel: +91-11-47366600
E-mail: mbd@jawacapital.in
Investor Grievance Email: investorsrelations@jawacapital.in
Website: www.jawacapital.in
Kalana Ispat IPO Registrar
SKYLINE FINANCIAL SERVICES PVT LTD
D-153A, 1st floor, Phase I, Okhla Industrial Area, Delhi -110020
Tel No.:011- 40450193-97
Email: ipo@skylinerta.com
Investor Grievance Email: ipo@skylinerta.com
Contact Person: Mr. Anuj Rana
Website: www.skylinerta.com
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