Kalana Ispat IPO Date, Price, GMP Revealed – The date of the Kalana Ispat IPO is September 19. Using an IPO, Kalana Ispat, a SME, hopes to raise ₹32.59 crores. There is a 2000 share market lot for the Kalana Ispat IPO, and the price band is fixed at ₹66. On December 21, 2023, the company changed its status from private limited company to public limited company as a result of a shareholder resolution.
The initial focus of Kalana Ispat, which was founded by Mr. Aftabhusen S. Khandwawala and Mr. Varghese Joseph Pottakerry, was trading metal scraps obtained from imports, shipbreaking yards, and local merchants. The company entered the manufacturing sector in 2015 and established a plant in Ahmedabad, Gujarat, to manufacture alloy steel billets and ingots as well as M.S. billets.
Kalana Ispat IPO Details
| IPO Open Date | September 19, 2024 |
| IPO Close Date | September 23, 2024 |
| Listing Date | Thursday, September 26, 2024 |
| Face Value | ₹10 per share |
| Price | ₹66 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 4,938,000 shares
(aggregating up to ₹32.59 Cr) |
| Fresh Issue | 4,938,000 shares (aggregating up to ₹32.59 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
Kalana Ispat Financials
Between March 31, 2024, and March 31, 2023, Kalana Ispat Limited’s profit after tax (PAT) increased by 373% while its revenue declined by -11%.
| FY 2024 | |
| Assets | 1,885.71 |
| Revenue | 7,394.46 |
| Profit After Tax | 236.7 |
| Net Worth | 1,081.58 |
| ROE | 31.12% |
| ROCE | 21.20% |
| Debt/Equity | 0.43 |
| RoNW | 21.88% |
| P/BV | 4.76 |
| PAT Margin (%) | 3.21 |
About the Company – Kalana Ispat
It was founded in October 2012 as Kalana Ispat Limited. Through imports from different nations, scrap yards, and local dealers, the corporation traded scrap metal. Production of MS ingots and alloy steel ingots in different grades is the company’s primary business activity.
The production facility complies with worldwide quality management system standards, including ISO 2830:2012, and has the appropriate certification. Sale of products and sale of services are the company’s two primary business segments. Alloy steel billets and ingots as well as M.S. billets will be produced in Ahmedabad, Gujarat.
In 2015, the company established a manufacturing plant in Ahmedabad, Gujarat, and began producing MS billets. The company produces alloy steel billets and MS blocks.
