Kalana Ispat SME IPO Details, Financials, Valuation & Peers
Get everything you need to know about the Kalana Ispat IPO. Explore Kalana Ispat IPO details, including IPO dates, financial statements, valuation, peer comparison and more.
Overview
Kalana Ispat Limited, incorporated on October 15, 2012 and headquartered in Ahmedabad, Gujarat, primarily focuses on the manufacturing of M.S. Billets and Alloy Steel Billets/Ingots. Initially, Kalana Ispat engaged in trading metal scraps sourced from shipbreaking yards and various merchants but expanded into manufacturing by establishing its production unit in 2015. Kalana Ispat's operations are centered around its manufacturing facility in Sanand, Ahmedabad, with an installed capacity of 38,000 metric tons. The company operates in two main segments: product sales (M.S. and Alloy Steel Billets) and services (job work for casting billets). In addition to manufacturing, Kalana Ispat also engages in trading iron scrap, iron ore and ingots.
Key Points:
- Business Segments:
- Manufacturing: Kalana Ispat specializes in the production of M.S. Billets and Alloy Steel Billets in various grades. These products are sold directly to customers on an order basis.
- Job Work Services: The company leverages spare capacity to offer job work services for casting billets on behalf of clients, using raw materials provided by the clients.
- Location:
- The company operates from its manufacturing unit in Ahmedabad, Gujarat, leveraging its strategic location to serve both local and national markets.
- Trading Activities:
- In addition to manufacturing, Kalana Ispat continues to engage in trading activities involving iron scrap, iron ore and ingots, offering diversified revenue streams.
- Capacity & Expansion:
- As of December 31, 2023, the company is operating at full capacity with 38,000 MT production capability. Future plans may include scaling operations to meet increasing demand.
Objects of the Issue
- Capital Expenditure for Installation of 4 MW DC & 3.5 MW AC Ground Mounted Solar Power Plant - TPSAT Structure
- 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.
- General Corporate Purpose
IPO Details
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| Fields | Details |
|---|---|
| IPO Dates | 19 Sep - 23 Sep 2024 |
| IPO Price Band | ₹66 per share |
| Fresh Issue | 49,38,000 shares |
| Offer For Sale | NIL |
| Total IPO Size | ₹32.59 crore |
| Face Value | ₹10 |
| Listing On | NSE |
IPO Timeline
Explore important dates like IPO opening, closing, listing and others, outlining the journey of the Public Offering. This will help you grasp the entire IPO journey effortlessly.
| Event | Date |
|---|---|
| IPO Opening Date | 19 Sep 2024 |
| IPO Closing Date | 23 Sep 2024 |
| Basis Of Allotment | 24 Sep 2024 |
| Refunds | 25 Sep 2024 |
| Demat Transfer | 25 Sep 2024 |
| IPO Listing Date | 26 Sep 2024 |
Financial Statements
Explore a comprehensive financial data table showcasing key metrics including revenue, expenses, net income, and others. Gain valuable insights about the company's financial performance at a glance, facilitating informed decision-making and strategic planning for subscribing to the IPO.
| Period Ended | 31st March 2021 | 31st March 2022 | 31st March 2023 | 31st March 2024 |
|---|---|---|---|---|
| Total Income | 42.98 | 57.93 | 83.36 | 73.94 |
| Total Expenses | 42.75 | 57.74 | 82.68 | 70.69 |
| Net Profit/Loss | 0.14 | 0.14 | 0.50 | 2.37 |
| NPM (*) | 0.32 | 0.27 | 0.61 | 3.21 |
| Total Assets | 13.31 | 12.65 | 16.17 | 18.86 |
| Total Liabilities | 9.55 | 8.75 | 11.78 | 8.04 |
* NPM represents the net profit margin, calculated as a percentage. All other figures are presented in crore (₹cr)
Valuation
Uncover significant valuation metrics such as EPS (Earnings Per Share), ROE (Return on Equity), ROCE (Return on Capital Employed), D/E Ratio (Debt-to-Equity Ratio), Current Ratio, and EBITDA Margin. These key indicators offer insights into the company's financial standing and performance, aiding in informed investment decisions.
| Period Ended | 31st March 2021 | 31st March 2022 | 31st March 2023 | 31st March 2024 |
|---|---|---|---|---|
| EPS | 1.36 | 1.37 | 5.01 | 3.03 |
| ROE (%) | 3.76 | 4.02 | 12.07 | 31.12 |
| ROCE (%) | 5.38 | 6.31 | 8.33 | 21.20 |
| D/E Ratio | 0.79 | 0.67 | 1.96 | 0.43 |
| Current Ratio | 1.01 | 1.03 | 1.07 | 1.99 |
| EBITDA MARGIN (%) | 1.72 | 1.38 | 1.73 | 4.95 |
* Compiled from DRHP/RHP for valuation purposes.
Peer Comparison
Compare key financial metrics with industry peers to gain valuable insights into the company's performance compared to its competitors.
| Name | Revenue | P/E | EPS | RoNW | NAV |
|---|---|---|---|---|---|
| Kalana Ispat Limited | 73.73 | 21.75 | 3.03 | 21.88 | 13.87 |
| Supershakti Metaliks Limited | 731.41 | 31.43 | 11.63 | 5.36 | 217.13 |
| Incredible Industries Limited | 818.16 | 37.26 | 1.28 | 4.50 | 28.36 |
| Gallantt Ispat Limited | 4,227.12 | 39.83 | 9.34 | 9.19 | 101.57 |
* Revenue in (₹cr), RoNW in (%), EPS, NAV in (₹). P/E ratio is based on the highest price from the IPO price band.
Subscription Data from NSE and BSE
| Investor Type | Subscribed |
|---|---|
| Qualified Institutional Buyer (QIB) | 0 |
| Non-Institutional Investor (NII/HNI) | 40.69 |
| Retail Individual Investor (RII) | 74.54 |
| Total | 59.92 |
* All figures represent multiples of the subscription. Check subscriptions for other ongoing issues here.
IPO Registrar
Skyline Financial Services Private Limited
Phone: 011-40450193-197
Email: ipo@skylinerta.com
Website: www.skylinerta.com
Company Promoters
- Mr. Aftabhusen S Khandwawala
- Mr. Varghese Joseph Pottakerry
- Mr. Gurubaxsing Jamiatsing Bagga
- Mr. Sadik Nannabhai Qureshi
Lead Managers
- Jawa Capital Services Private Limited
Company Address
Kalana Ispat Limited
504, Ashwamegh Avnue, 5th Floor, Nr Mithakhali Underbridge, Mithakhali, Ahmedabad, Gujarat 380009
Phone: +91-81418 48159
Email: compliance@kalanaispat.com
Website: www.kalanaispat.com
FAQs
- What is the issue size of the Kalana Ispat SME IPO?The Kalana Ispat SME IPO has an issue size of ₹32.59 crore. This includes a fresh issue of 49,38,000 shares and an offer for sale (OFS) of NIL.
- What is the price band of the Kalana Ispat IPO?The price band for the Kalana Ispat IPO is ₹66 per share.
- What are the bidding dates for the Kalana Ispat IPO?The Kalana Ispat IPO will open for bidding on 19 Sep 2024 and close on 23 Sep 2024.
- What is the allotment date for the Kalana Ispat IPO?The allotment date for the Kalana Ispat IPO is 24 Sep 2024.
- What is the listing date for the Kalana Ispat IPO?The listing date for the Kalana Ispat IPO is 26 Sep 2024.
- What is the Kalana Ispat IPO grey market premium?The grey market premium (GMP) for the Kalana Ispat IPO is currently at ₹0, with an expected listing gain of approximately 0%. Remember, the grey market premium is not an official indicator, but it reflects market perception and demand for the IPO shares.