IPO Details
Bidding Dates
19 Sept 24 - 23 Sept 24
Price Range ₹
66 - 0
Total Equity
₹ 32.59Cr
Lot Size
2000
Exchange Status
NSE
IPO Doc
Subscription Rate
Non-Institutional Investor
0.00×
Qualified Institutional Buyers
0.00×
Employees
0.00×
Retail Investors
0.00×
Total subscription Rate
0.00×
IPO Timeline
Offer start
19 Sept 2024
Offer end
23 Sept 2024
Allotment
24 Sept 2024
Refund initiation
25 Sept 2024
Demat transfer
25 Sept 2024
Listing
26 Sept 2024
Offer start
19 Sept 2024
Offer end
23 Sept 2024
Allotment
24 Sept 2024
Refund initiation
25 Sept 2024
Demat transfer
25 Sept 2024
Listing
26 Sept 2024
About Company
Founded in October 2012, Kalana Ispat Limited specializes in the manufacturing of M.S. Billets and Alloy Steel Billets across various grades. The company's operations are divided into two segments: 1. Sale of Products 2. Sale of Services The manufacturing facility is certified by international quality management standards, including ISO 2830:2012, and has an annual production capacity of 38,000 MT. Key competitive advantages include: - Innovation-driven business model - Consistent and scalable growth - Proven track record of success - Experienced promoters and a dedicated workforce - Strengthening promoter expertise - Strong relationships with customers As of September 2024, the company employs three key management personnel (KMPs) and has 15 full-time employees. Additionally, it sources temporary labor from service agencies based on production needs.
Year Founded
15-10-2012
Promotor Details
Promoter Holdings Details
| Particular | Pre-IPO | Post-IPO |
|---|---|---|
| Percentage | 100 | 62.12 |
| Share Capital | 8101185 | 8101185 |
Offer to Public
49,38,000.00 Cr
Project Details
- Capital Expenditure for Installation of 4 MW Ground Mounted Solar Power Plant - TPSAT Structure - 22980.75cr
- Capital expenditure for setting up of rolling mill at Survey No. 4/1 Taluka Sanand, Mouje Kalana - 79.945cr
- General Corporate Purpose - 60.88cr
Objectives
- a. Capital expenditure for installation of 4 MW Ground Mounted Solar Power Plant - TPSAT Structure.b.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.
- andc. General Corporate Purpose
Highlights
- Innovation-driven business approach.
- Strong history of consistent, profitable growth through a scalable model.
- Experienced leadership and dedicated management team.
- Strong customer relationships and satisfaction.
- Focus on cost efficiency and exploring opportunities for forward integration.
Challenges
- The company and its promoters are involved in multiple legal proceedings at various stages. Any adverse rulings could impact its reputation, business operations, or financial standing.
- Its business operations are concentrated in the Gujarat region, making it vulnerable to regional disruptions that could significantly affect revenue and performance.
- The company relies heavily on a small number of clients and suppliers, with over 74% of revenue coming from the top five clients and over 40% of raw materials sourced from the top five suppliers. Lack of long-term contracts with either could negatively affect business stability.
- The company has experienced negative cash flows from operating, investing, and financing activities in recent years, which could hinder growth and business operations if sustained.
- The company has not yet finalized orders for key machinery for its rolling mill and solar power plant, posing risks of delays, price increases, and implementation setbacks for its expansion plans.
Financials
| Years | Total Assets | Share Capital | Profit After Tax | Consolidated Net Profit | Adjusted EPS |
|---|---|---|---|---|---|
| 2022 | 1,264.92 | 100.00 | 13.62 | 13.62 | 0.2522 |
| 2023 | 1,617.47 | 100.00 | 236.70 | 236.70 | 2.9218 |
| 2024 | 1,885.72 | 810.12 | 13.66 | 13.66 | 0.253 |
| 2021 | 1,330.70 | 100.00 | 236.70 | 236.70 | 2.9218 |
