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Home > IPO Details

Kalana Ispat Limited

19 Sep 2024 - 23 Sep 2024 Individual Category SME NSE
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Min Investment

₹132000

Price Band

₹66

Issue Size

49.38 lakhs
Equity Shares

Lot Size

2000

IPO Dates
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19 Sep 2024

Open Date

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23 Sep 2024

Close Date

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24 Sep 2024

Allotment Date

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26 Sep 2024

Listing Date

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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About 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.

Founded

2012

Managing Director

Mr Aftabhusen S Khandwawala, Mr Varghese Joseph Pottakerry, Mr Gurubaxsing Jamiatsing Bagga and Mr S

Parent Organization

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.

Company Promoters

Subscription Details

Investor Category Subscription (times)
Qualified Institutions 0
Non-Institutional Buyers 0
bNII (bids above ₹10L) 0
sNII (bids below ₹10L) 0
Retail Investors 0
Employees 0
Others 0
Total 0
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