ncorporated 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.
| Purpose | Amount (₹ Cr) |
|---|---|
| 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 the construction of the industrial shed, purchase of equipment/machinery, other assets etc; and | — |
| General Corporate Purpose | — |
| Metric | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Total Assets | 1,886 | 1,617 | 1,265 |
| Revenue | 7,394 | 8,336 | 5,793 |
| PAT | 237 | 50 | 14 |
| Net Worth | 1,082 | 442 | 392 |
| Reserves | 271 | 340 | 290 |
| Total Borrowing | 461 | 862 | 261 |
| Category | Sub (x) | Offered | Bid For |
|---|---|---|---|
| NII / HNI | — | 2,344,000 (47%) | — |
| Retail (RII) | — | 2,346,000 (48%) | — |
| Market Maker | — | 248,000 (5%) | — |
| Total | — | 4,938,000 (100%) | — |
* Amount calculated at upper price band (₹66) · ** Total includes all investor categories
- 1 Initiation of Refund 25 Sep 2024
- 2 Credit of Shares to Demat 25 Sep 2024
- Retail allocation is strong at 48% of the total offering.
- HNI/NII demand is strong at 47%.
- The IPO P/E of 36x reflects a moderate valuation relative to typical market ranges.
- Pre-issue EPS of ₹3 compares to post-issue EPS of ₹2 after dilution.
This IPO shows strong fundamentals and healthy investor demand. Research the business model and compare with sector peers before applying.
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