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SME IPO Status: Open [19th Sep 2024 to 23rd Sep 2024]
Kalana Ispat IPO, a SME IPO of ₹32.59 Cr opens for subscription from 19-09-2024 to 23-09-2024. The IPO consists of ₹32.59 Cr fresh issue.
The face value is Rs 10 and the price band is fixed at 66.00 per share. You can apply to the Kalana Ispat SME IPO for a minimum lot of 2000 shares amounting of Rs 132000.
The tentative listing date on the exchange (NSE SME) is 26-09-2024.Stay tuned with us to get more details about Kalana Ispat SME IPO including business overview, financial performance, live subscription status, allotment details, daily grey market premium (GMP), listing date, and listing price.
| SME IPO Issue Opening Date: | 19th Sep 2024 |
| SME IPO Issue Closing Date: | 23rd Sep 2024 |
| SME IPO Issue Price: | ₹66.00 Per Share |
| DRHP: | Download DRHP |
| RHP: | Download RHP |
| IPO Listing At: | NSE SME |
| Retail Quota: | 50% of the Net Issue |
| SME IPO Issue Type: | Fixed Price Issue |
| SME IPO Issue Size: | ₹32.59 Cr |
| Fresh Issue: | ₹32.59 Cr |
| Face Value: | ₹10 Per Equity Share |
| SME IPO Discount: | TBD |
| Promoter Holding Pre IPO: | 82.72% |
| Promoter Holding Post IPO: | 51.38% |
Get important updates regarding Kalana Ispat SME IPO tentative timeline covering SME IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.
| SME IPO Activity | Date |
|---|---|
| Basis of Allotment Date* | 24th Sep 2024 |
| Refunds Initiation* | 25th Sep 2024 |
| Credit of Shares to Demat* | 25th Sep 2024 |
| SME IPO Listing Date* | 26th Sep 2024 |
* - Tentative Dates
| SME IPO Activity | Date |
|---|---|
| Issue Price | ₹66.00 |
| Market Lot: | 2000 Shares |
| 1 Lot Amount: | ₹132000 |
| Min HNI Lots: | 4000 shares (2 lots)- ₹264000 |
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Expected Listing Gain | Last Updated |
|---|---|---|---|---|---|
| 19-09-2024 | 66.00 | 30 | 45600 | ₹96 (45.45%) | 19-Sep-2024 23:54 |
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**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.
Kalana Ispat Limited was founded in October 2012. The company was engaged in trading of scrap metal procured through imports from various countries, scrap yards and local traders.
The company is mainly engaged in the production of MS ingots and alloy steel ingots in various grades. The production facility is duly certified as per the international quality management system standards such as ISO 2830:2012. The company operates in two main segments: Sale of products and sale of services.
The company ventured into the manufacturing of MS billets and set up a manufacturing facility in Ahmedabad, Gujarat in 2015. The company manufactures MS blocks and alloy steel billets.
The company conducts its business from its manufacturing facility at Survey No. 4/1 Taluka Sanand, Mouje Kala village, Ahmedabad. As on December 31, 2023, the company was operating at full capacity with an installed capacity of 38000 M.T.
| Incorporation | Sector | IPO Issue Size | Website |
| 2012 | Iron & Steel Products | ₹32.59 Cr | https://kalanaispat.com/ |
The objects of the present issue of Equity Shares are:
Our experts can help you prepare for SME IPO
The table below is live update of SME IPO bidding details from NSE SME.
| Day | NII | RII | Total | |
|---|---|---|---|---|
| # of Shares Offered | 2,345,000 (50%) | 2,345,000 (50%) | 4,690,000 | |
| 1 | 19th Sep 2024 19:31 | 0.19x | 1.39x | 0.79x |
Kalana Ispat Limited's revenue decreased by -11% and profit after tax (PAT) rose by 373% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 | ||||||||||||||||||||||||||||||||||||
| Assets | 1,885.71 | 1,617.46 | 1,264.89 | 1,330.7 | ||||||||||||||||||||||||||||||||||||
| Revenue | 7,394.46 | 8,335.87 | 5,793.32 | 4,298.06 | ||||||||||||||||||||||||||||||||||||
| Profit After Tax | 236.7 | 50.09 | 13.66 | 13.62 | ||||||||||||||||||||||||||||||||||||
| Net Worth | 1,081.58 | 441.94 | 391.65 | 376.19 | ||||||||||||||||||||||||||||||||||||
| Reserves and Surplus | 271.46 | 339.7 | 289.61 | 275.95 | ||||||||||||||||||||||||||||||||||||
| Total Borrowing | 461.38 | 861.79 | 260.57 | 262.93 | ||||||||||||||||||||||||||||||||||||
| Amount in ₹ Lakhs | ||||||||||||||||||||||||||||||||||||||||
The table below show peer comparison from DRHP/RHP.
| Company | EPS Basic | EPS Diluted | NAV | P/E(x) | RoNW | Financial statements |
|---|---|---|---|---|---|---|
| Kalana Ispat Limited | 3.03 | 3.03 | 13.87 | 21.75 | 21.88 | |
| Supershakti Metaliks Ltd | 11.63 | 11.63 | 217.13 | 31.43 | 217.13 | |
| Incredible Industries Limited | 1.28 | 1.28 | 28.36 | 37.26 | 4.5 | |
| Gallantt Ispat Limited | 9.34 | 9.34 | 101.57 | 39.83 | 9.19 |
Last Updated on 19-Sep-2024 23:32:54
Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase Kalana Ispat SME IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply Kalana Ispat SME IPO with Zerodha.
Alternate approch to apply in Kalana Ispat SME IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.
Kalana Ispat SME IPO Review and Important Updates
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To subscribe or apply in Kalana Ispat SME IPO, you can use the following methods:
| Kalana Ispat SME IPO Applying Mode | ||
| Online Application | 3-in-1 Trading Account | If your broker is 3-in-1 service provider, you can apply in Kalana Ispat SME IPO directly with your brokers website. Example HDFC Sky, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment. |
| Online Application | 2-in-1 Trading Account | Brokers like Zerodha, TradeSmart Online provides access to applying in Kalana Ispat SME IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online. |
| Online Application | ASBA | This is one of the most popular mode of applying in Kalana Ispat SME IPO. Most of the Syndicate Banks provide access to apply in Kalana Ispat IPO via ASBA process. You must have your net banking access, DP ID information to apply in Kalana Ispat SME IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account. |
| Offline Application | Physical Form | You can apply in Kalana Ispat SME IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app. |
Kalana Ispat SME IPO Review and Important Updates
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Kalana Ispat SME IPO is going to be list on 26-09-2024.
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When Kalana Ispat SME IPO will be listing? Kalana Ispat SME IPO listing date?Kalana Ispat SME IPO date of listing
Kalana Ispat SME IPO Allotment Date is 24-09-2024.
Other relevant questions:
Kalana Ispat SME IPO share allotment date?Kalana Ispat SME IPO allotment date?
