Kalana Ispat Limited IPO

Incorporated 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

  1. Sale of Products, and
  2. 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.

Kalana Ispat Limited Financial Information (Restated Standalone)

Kalana Ispat Limited’s revenue decreased by -11% and profit after tax (PAT) rose by 373% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended31 Mar 202431 Mar 202331 Mar 202231 Mar 2021
Assets1,885.711,617.461,264.891,330.7
Revenue7,394.468,335.875,793.324,298.06
Profit After Tax236.750.0913.6613.62
Net Worth1,081.58441.94391.65376.19
Reserves and Surplus271.46339.7289.61275.95
Total Borrowing461.38861.79260.57262.93
Amount in ₹ Lakhs

Key Performance Indicator

The market capitalization of Kalana Ispat IPO is Rs 86.08 Cr.

KPI as of March 31, 2024.

KPIValues
ROE31.12%
ROCE21.20%
Debt/Equity0.43
RoNW21.88%
P/BV4.76
PAT Margin (%)3.21
 Pre IPOPost IPO
EPS (Rs) 2.921.81
P/E (x) 22.5936.37
Note:
  • The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2024 that is available in RHP.
  • The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of March 31, 2024 that is available in RHP.

Objects of the Issue (Kalana Ispat IPO Objectives)

The objects of the present issue of Equity Shares are:

  • 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

Kalana Ispat IPO Details

IPO DateSeptember 19, 2024 to September 23, 2024
Listing Date[.]
Face Value₹10 per share
Price₹66 per share
Lot Size2000 Shares
Total Issue Size4,938,000 shares
(aggregating up to ₹32.59 Cr)
Fresh Issue4,938,000 shares
(aggregating up to ₹32.59 Cr)
Issue TypeFixed Price Issue IPO
Listing AtNSE SME
Share holding pre issue8,101,185
Share holding post issue13,041,985
Market Maker portion248,000 shares

Kalana Ispat IPO Promoter Holding

The promoters of the company are Mr. Aftabhusen S Khandwawala, Mr. Varghese Joseph Pottakerry, Mr. Gurubaxsing Jamiatsing Bagga and Mr. Sadik Nannabhai Qureshi.

Share Holding Pre Issue82.72%
Share Holding Post Issue51.38%

SHARIAH SCREENING for - Kalana Ispat Limited IPO

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BUSINESS SCREEN

FINANCIAL RATIOS

As per our analysis and Based on the information we have, this is the output.
Allah knows best.
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