Kalana Ispat IPO

Kalana Ispat Ltd

₹1,32,000 /2000 sharesMinimum Investment

Kalana Ispat IPO Listing Details

Listed OnIssue PriceListing PriceListing Gains
--₹66.00₹45.15-₹20.85 (31.59%)

Kalana Ispat IPO Details

Bidding DatesMin. InvestmentLot SizePrice Range
19 Sep ‘24 - 23 Sep ‘24₹1,32,0002,000₹66 - ₹66
Issue SizeIPO Doc
32.59Cr
RHP PDF

About Kalana Ispat

Kalana Ispat Limited is a manufacturer of M.S. billets and alloy steel billets/ingots. The company initially began as a trader of metal scrap sourced from shipbreaking yards and imports and later shifted to manufacturing and established its production unit in Ahmedabad, Gujarat. The company operates in two main segments, namely, the sale of products (sells products such as M.S. billets and alloys steel billet and also trades in goods like iron ore, iron scrap, and ingots) and the sale of services (provides casting services). The company primarily caters to industries requiring steel products.;
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.

Kalana Ispat Financials

*All values are in Rs. Cr
No Graph Data To Display

Application Details of Kalana Ispat IPO

Apply asPrice bandApply upto
Regular66 - 66₹2 Lakh
High Networth Individual66 - 66₹2 - 5 Lakh
For Kalana Ispat IPO, eligible investors can apply as Regular.
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