Issue Price
₹66
per equity share
Issue Size
49.38 lakhs
equity share
Face Value
₹ 10
per equity share
Market Lot
2000
equity share
Please note
Listing at NSE
Kalana Ispat Limited
Important Dates
IPO Open Date
19 Sep 2024
IPO Close Date
23 Sep 2024
Allotment Date
24 Sep 2024
Initiation of Refunds
25 Sep 2024
Credit of Shares to Demat Account
25 Sep 2024
IPO Listing Date
26 Sep 2024
UPI Mandate Expiry Date
23 Sep 2024
IPO Details
Kalana Ispat is open for subscription from Thursday, September 19, 2024, and closes on Monday, September 23, 2024. The price for this IPO is set at Rs 66 per share. Kalana Ispat IPO is offering entirely a fresh issue of 49.38 lakh equity shares worth up to Rs 32.59 crore. The allotment for this new IPO is expected to be finalised on Tuesday, September 24, 2024. The listing of this IPO will be done on Thursday, September 26, 2024, at NSE SME segment. The minimum lot size set for the retail category is 1 lot, i.e., 2000 shares. For retail investors, the minimum and maximum investment amount required is Rs 132,000. However, for the HNI category, the minimum lot size is 2 lots, i.e., 4000 shares amounting to Rs 264,000. The IPO is managed by Jawa Capital Services Private Limited, which is the book-running lead manager of this public issue. The company has appointed Skyline Financial Services Private Limited as the registrar for the issue.
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Check Allotment StatusAbout Kalana Ispat Limited
Kalana Ispat Limited was incorporated in the year 2012 in October. It is an M.S. Billets, and Alloy Steel Billets manufacturer with several grades. The company conducts its business through two business segments which are sales of product and sales of services. The manufacturing unit in the company is ISO 2830:2012 certified as part of a quality management system. The annual production capacity of this manufacturing facility is 38,000 MT.
The business model of the company is innovation-focused, and its history has been consistent with scalable and profitable growth; the promoters are experienced, and the relationship with customers is strong. Kalana Ispat has approximately 15 employees as of September 2024, supported by employees as required.
Parent Organisation
-
Founded
2012
Managing Director
Mr Aftabhusen S Khandwawala, Mr Varghese Joseph Pottakerry, Mr Gurubaxsing Jamiatsing Bagga and Mr S
IPO Objectives
The company intends to utilise the funding received from the fresh issue for various purposes, including capital expenditure for the installation of a 4 MW DC and 3.5 MW AC ground-mounted solar power plant with a TPSAT structure, capital expenditure for setting up a rolling mill at Survey No. 4/1, Taluka Sanand, Mouje Kala village, Ahmedabad, including the construction of an industrial shed, purchase of equipment and machinery, and acquisition of other assets, along with addressing general corporate purposes.
How to apply for IPO
- Login to your Bigul account and select the issue in the current IPO section
- Enter the number of lots and price at which you wish to apply for
- 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
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