Kalana Ispat Ltd IPO
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Kalana Ispat Ltd IPO Details
Details
| Total Shares Offered | Offer to Public | Retail Max (Shares) | Pre Issue Promoters Holding | Exchange | Issue size |
|---|---|---|---|---|---|
| ₹ 49.38 L | TBA | ₹ 23.46 L | ₹ 81.01 L | NSE | TBA |
| IPO Open Date | Close Date | Lot Size | Min Investment | Issue Type | Listing Date |
| 19 Sep, 24 | 23 Sep, 24 | 2000 | TBA | Fixed Price - SME | 26 Sep, 24 |
Kalana Ispat Ltd IPO Dates
Details
| Sector | Type |
|---|---|
| Sector | Steel - Medium |
| Sub Sector | Small |
| Issue Type | Fixed Price - SME |
Subscription Status
*Values are in Lakhs
| Investor Type | Subscription Times | Shares Offered* | Shares Bid* |
|---|---|---|---|
| QIB | 0x | 0 | 10812000 |
| NII | 36.2x | 2344000 | 84856000 |
| Retail | 74.51x | 2346000 | 174806000 |
| Employee | 0x | 0 | 0 |
| Total | 54.77x | 4938000 | 270474000 |
Subscription Status
Investor Type
QIB
NII
Retail
Employee
Total
*Values are in Lakhs
Kalana Ispat Ltd Financial Status
Income Statement
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 3.64 | 1.03 | 0.57 |
| EBITDA | 4.02 | 1.38 | 0.95 |
| PAT | 2.37 | 0.50 | 0.15 |
| Total Assets | 15.20 | 12.14 | 8.56 |
| Share Capital | 8.10 | 1.00 | 1.00 |
| Total Borrowings | 7.05 | 5.58 | 4.40 |
| Operating Activities (Net Cash) | 2.75 | 0.85 | 0.53 |
| Investing Activities (Net Cash) | 0.00 | 0.00 | 0.00 |
| Financing Activities (Net Cash) | 7.05 | 5.58 | 4.40 |
| Net Cashflow | 1.10 | 1.38 | 0.81 |
Particulars (in Rs. Crores)
Revenue from operations
EBITDA
PAT
Total Assets
Share Capital
Total Borrowings
Operating Activities (Net Cash)
Investing Activities (Net Cash)
Financing Activities (Net Cash)
Net Cashflow
About Kalana Ispat Ltd
Kalana Ispat Limited was originally incorporated as `Kalana Ispat Private Limited', a private limited company, under the Companies Act, 1956, with a certificate of incorporation issued under the hand of the Registrar of Companies, Gujarat, Dadra and Nagar Havelli, dated on October 15, 2012. Subsequently, the Company was converted from a private limited company into a public limited company, pursuant to a resolution passed in the extraordinary general meeting of its Shareholders held on December 04, 2023, and consequently, the name of the Company was changed to Kalana Ispat Limited, and a fresh certificate of incorporation consequent upon conversion from private company to public company dated December 21, 2023, was issued by the Registrar of Companies, Ahmedabad to the Company.
Global Scenario: 1. In 2022, the world crude steel production reached 1885.4 million tonnes (MT). World Steel Association in its Short-Range Outlook, October 2023 forecasts that steel demand will grow by 1.8% in 2023 and reach 1,814.5 MT after contracting by 3.3% in 2022. In 2024, steel demand will see a further increase of 1.9% to 1,849.1 MT. 2. India is the second largest producer of crude steel. China was world's largest crude steel producer in 2022 (1018.0 MT) followed by India (125.3 MT), Japan (89.2 MT) and the USA (80.5 MT). 3. Per capita finished steel consumption in 2022 was 221.8 kg for world and 645.8 kg for China. The same for India was 86.7 kg in 2022-23. Domestic Scenario: a) Steel is a de-regulated sector. The Government's role is that of a facilitator which lays down the policy guidelines and establishes the institutional mechanism/structure for creating conducive environment for improving efficiency and performance of the steel sector. b) In this role, the Government has released the National Steel Policy 2017, which has laid down the broad roadmap for encouraging long term growth for the Indian steel industry, both on demand and supply sides, by 2030-31.
The Company was engaged in trading metal scraps, which were procured through imports from various countries, sourced from shipbreaking yards and local merchants. As the business progressed, the Company ventured into manufacturing M.S. Billets and set up its manufacturing unit in Ahmedabad, Gujarat in the year 2015. Today, the Company is engaged in manufacturing M.S. Billets and Alloy Steel Billets/Ingots.
Peer Comparison:
- Supershakti Metaliks Ltd
- Incredible Industries Ltd
- Gallantt Ispat Ltd.
Kalana Ispat Ltd IPO Key Points
Strengths
- Innovation focused business model.
- Consistent track record of profitable growth due to a scalable business model.
- Established and proven track record.
- Leveraging the experience of its Promoters.
- Experienced management team and motivated employees.
Risk
- The Company, Promoter and Group Companies are party to certain litigation and claims. These legal proceedings are pending at different levels of adjudication before various regulatory authorities. Any adverse decision may make it liable to liabilities or may adversely affect its reputation/ business/financial status. A classification of these legal and other proceedings is given below.
- The company requires certain approvals and licenses in the ordinary course of business and are required to comply with certain rules and regulations to operate its business, and the failure to obtain, retain and renew such approvals and licenses or comply with such rules and regulations, and the failure to obtain or retain them in a timely manner or at all may adversely affect its operations.
- Its business is subject to a variety of safety, health and environmental laws, labour, and workplace related laws and regulations. Any failures on its part to comply with these applicable laws and regulations could have an adverse effect on its operations and financial condition.
Strategy
- Focusing on reduction of overheads.
- Exploring opportunities for forward integration.
- Continue to develop client relationships.
- Innovation focused business model.
- Consistent track record of profitable growth due to a scalable business model.
- Established and proven track record.
- Leveraging the experience of its Promoters.
- Experienced management team and motivated employees.
How To Apply for Kalana Ispat Ltd IPO Online?
Step 1:
Log in to the BlinkX stock market app and click ‘IPO’ in the Xplore section.
Step 2:
From the list of open IPOs, select the IPO you want to invest.
Step 3:
Go through the IPO details like lot size, price band, about the company, etc.
Step 4:
Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.
Step 5:
Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.