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Open
19 Sep 2024
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Close
23 Sep 2024
3
Allotment
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Listing
Thu, Sep 26, 2024
Price Band
₹66 per share
Issue Size
49,38,000 shares (agg. up to ₹33 Cr)
Lot Size
2,000 Shares
Listing Date
Thu, Sep 26, 2024
Latest GMP
₹0
Est. Gain
0%
✦ AI Insight
GMP Trend
26-09-2024₹0Est. ₹66+0%
25-09-2024₹0Est. ₹66+0%
24-09-2024₹0Est. ₹66+0%
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 57.35x |
Restated Financials (₹ Cr.)
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 18.86 | 16.17 | 12.65 | 13.31 |
| Total Income | 73.94 | 83.36 | 57.93 | 42.98 |
| Profit After Tax | 2.37 | 0.50 | 0.14 | 0.14 |
| NET Worth | 10.82 | 4.42 | 3.92 | 3.76 |
| Reserves and Surplus | 2.71 | 3.40 | 2.90 | 2.76 |
| Total Borrowing | 4.61 | 8.62 | 2.61 | 2.63 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Excellent Wires & Packaging Ltd. | SME | ₹12.60 Cr | ₹90 | 33.3 | ₹82.05 | -8.83% | ₹207.00 (-0.62%) |
| Aditya Ultra Steel Ltd. | SME | ₹45.88 Cr | ₹62 | 13.64 | ₹66.40 | +7.10% | ₹24.65 (-4.83%) |
| Jay Bee Laminations Ltd. | SME | ₹88.96 Cr | ₹146 | 13.58 | ₹291.25 | +99.49% | ₹98.70 (-4.04%) |
| Visaman Global Sales Ltd. | SME | ₹16.05 Cr | ₹43 | 38.25 | ₹47.35 | +10.12% | ₹107.60 (-4.99%) |
| Deem Roll Tech Ltd. | SME | ₹29.26 Cr | ₹129 | 11.31 | ₹209.70 | +62.56% | ₹54.70 (+4.69%) |
| Shree Marutinandan Tubes Ltd. | SME | ₹14.30 Cr | ₹143 | 17.44 | ₹210.00 | +46.85% | ₹52.20 (-5.00%) |
| Mangalam Alloys Ltd. | SME | ₹54.91 Cr | ₹80 | 14.65 | ₹76.00 | -5.00% | ₹32.95 (+0.00%) |
| Bansal Wire Industries Ltd. | Mainboard | ₹745.00 Cr | ₹256 | 41.41 | ₹350.35 | +36.86% | ₹316.30 (-0.96%) |
| Vibhor Steel Tubes Ltd. | Mainboard | ₹72.17 Cr | ₹151 | 10.17 | ₹446.25 | +195.53% | ₹111.44 (-1.11%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Capital Expenditure for Installation of 4 MW DC & 3.5 MW AC Ground Mounted Solar Power Plant - TPSAT Structure | 22.99 |
| 2 | 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.; and | 7.99 |
| 3 | General corporate purposes | 0.61 |
About Kalana Ispat IPO
Incorporated in October 2012, Kalana Ispat Limited is primarily involved in manufacturing M.S. Billets and Alloy Steel Billets of various grades. The company's business can be divided into segments Sale of Products, and Sale of Services. The manufacturing facility has been duly certified by international standards of quality management systems such as ISO 2830:2012. The company's manufacturing unit has an annual capacity of 38000MT/Annum. Competitive Strength Innovation focused business model; Consistent track record of profitable growth due to a scalable business model; Established and proven track record; Experienced Promoters and dedicated employees Enhancing Promoters Experience; and Cordial relations with their customers. As of September 2024, the company has three key management personnel (KMPs) and fifteen employees on its payroll. Additionally, the company arranges for temporary manpower per its production requirements from service agencies.+ Read More
Contact Details
Kalana Ispat Ltd. Address504, Ashwamegh Avnue5th Floor, Nr Mithakhali UnderbridgeMithakhaliAhmedabad, Gujarat, 380009+91-81418 48159compliance@kalanaispat.comVisit Website