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Kalana Ispat IPO
Kalana Ispat Ltd
₹1,32,000 /2000 sharesMinimum Investment
Kalana Ispat IPO Details
| Bidding Dates | Min. Investment | Lot Size | Price Range |
|---|---|---|---|
| 19 Sep ‘24 - 23 Sep ‘24 | ₹1,32,000 | 2,000 | ₹66 - ₹66 |
| Issue Size | IPO Doc |
|---|---|
| 32.59Cr | RHP PDF |
About Kalana Ispat
Founded in
2012
Managing director
Mr. Varghese Joseph Pottakerry
Parent organisation
Kalana Ispat Ltd
Strengths & Financials of Kalana Ispat
Strengths
Risks
Kalana Ispat's manufacturing facility operates with an installed capacity of 38,000 metric tonnes.
The company claims to have a team of skilled technical personnel that ensures efficient operations across the manufacturing process. Additionally, Kalana Ispat claims that the company’s R&D team and quality management systems maintain high product standards, essential in producing alloy billets and M.S. billets.
Kalana Ispat’s facility is located near transport routes, including a highway and a port within 300-400 km. This location provides cost-effective access to raw materials and helps with the timely supply of finished products to nearby rolling mills.
The company has seen a consistent increase in profit after tax (PAT) over the past few years. PAT increased from Rs 0.14 crore in FY22 to Rs 0.50 crore in FY23 to Rs 2.37 crore in FY24.
The company is involved in certain legal proceedings. Any adverse judgment in any of the cases can be detrimental to the company’s business prospects.
The company’s business operations are concentrated in Gujarat. Any adverse developments in the business environment of Gujarat can negatively affect the company’s business operations and finances.
The company’s revenue depends majorly on a few key customers. The top 5 clients contributed Rs 54.85 crore (74.40%) to the revenue from operations in the nine-month period ended March 31, 2024. Any inability to retain these customers, a decline in demand, or order cancellations from these clients can adversely affect the business.
The company procures raw materials from a limited number of suppliers and relies on them for timely deliveries. The top 5 suppliers accounted for approximately 40.70% of the company’s raw material procurement. Any sudden increase in prices of raw materials or interruptions in supply from them can hinder the company’s operations.
The company has availed secured loans on mortgage of the land on which the manufacturing unit is located. The lenders may forfeit the property in case of loan default. This can adversely affect the company’s operations and finances.
The company’s outstanding secured loans as of 31 March 2024 totalled Rs 4.54 crore, and unsecured loans amounted to 0.07 crore. Any inability to service or repay the loans can adversely impact the company’s finances.
Kalana Ispat Financials
*All values are in Rs. Cr
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Application Details of Kalana Ispat IPO
| Apply as | Price band | Apply Range |
|---|---|---|
| Regular | ₹66 - 66 | ₹2 - 5 Lakh |
| High Networth Individual | ₹66 - 66 | ₹2 - 5 Lakh |
For Kalana Ispat IPO, eligible investors can apply as Regular.