31 Mar 2021
Assets13.31
Total Income42.98
Profit After Tax0.14
NET Worth3.76
Reserves and Surplus2.76
Total Borrowing2.63
At a glance
Updated 2026-09-13Kalana Ispat is a SME IPO with an issue size of ₹32.59 crore, proposed for listing on NSE SME. The offer opens on 19th Sep 2024 and closes on 23rd Sep 2024. The issue structure includes a fresh issue of ₹30.95 crore.
Issue details
Listing atNSE SME
Issue typeFixed Price Issue
Issue size₹32.59 Cr
Fresh issue₹30.95 Cr
Face value₹10
Price band—–—
Allotment24th Sep 2024
Listing26th Sep 2024
Grey market
GMP page ↗Latest GMP₹0.00
GMP / upper priceNO DATA
Est. listing₹66.00
GMP is unofficial sentiment data, not an exchange price.
Timeline
Opens19th Sep 2024
Closes23rd Sep 2024
Allotment24th Sep 2024
Refund25th Sep 2024
Demat25th Sep 2024
Listing26th Sep 2024
Subscription demand
Full bidding ↗Total57.62×
Lot size
| Investor | Lots | Shares | Amount |
|---|---|---|---|
| Minimum Bid | 1 | 2000 | — |
Company
Use of proceeds
| Object | Amount |
|---|---|
| Capital Expenditure for Installation of 4 MW DC & 3.5 MW AC Ground Mounted Solar Power Plant - TPSAT Structure | ₹22.99 Cr |
| 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.; and | ₹7.99 Cr |
| General corporate purposes | ₹0.61 Cr |
Financial performance
Year-wise operating scale, profitability and balance-sheet context.Revenue73.94₹ Cr · -11.3% vs prior year
PAT2.37₹ Cr · +374.0% vs prior year
Assets18.86₹ Cr · +16.6% vs prior year
Net Worth10.82₹ Cr · +144.8% vs prior year
Borrowing4.61₹ Cr · -46.5% vs prior year
3-year financial trendRevenue / EBITDA / PAT
₹ crore31 Mar 2022
Assets12.65
Total Income57.93
Profit After Tax0.14
NET Worth3.92
Reserves and Surplus2.90
Total Borrowing2.61
31 Mar 2023
Assets16.17
Total Income83.36
Profit After Tax0.50
NET Worth4.42
Reserves and Surplus3.40
Total Borrowing8.62
31 Mar 2024
Assets18.86
Total Income73.94
Profit After Tax2.37
NET Worth10.82
Reserves and Surplus2.71
Total Borrowing4.61
KPIs
| KPI | Mar 31, 2024 |
|---|---|
| ROE | 31.12% |
| ROCE | 21.20% |
| Debt / Equity | 0.43% |
| RoNW | 21.88% |
| PAT Margin | 3.21% |
| Price to Book Value | 4.76 |
Valuation & shareholding
Pre-IPO EPS2.92
Post-IPO EPS1.81
Pre-IPO P/E22.59
Post-IPO P/E36.37
Promoter holding pre100%
Promoter holding post62.12%
Market cap₹86.08 Cr.
Peer comparison
| Company | EPS | P/E | RoNW | NAV |
|---|---|---|---|---|
| Kalana Ispat IPO | — | 36.37 x | — | — |
| Metalic Technoforge IPO | — | 14.94 x | — | — |
| Narmadesh Brass IPO | — | 19.90 x | — | — |
| Krupalu Metals IPO | — | 19.66 x | — | — |
Issue expenses
| Expense | Amount |
|---|---|
| Lead manager(s) fees | ₹0.25 Cr |
| Underwriting commission Brokerage, selling commission and upload fees including Market maker (Refer Notes 1 to 4) | ₹0.62 Cr |
| Registrars to the issue | ₹0.01 Cr |
| Legal Advisors | ₹0.02 Cr |
| Advertising and marketing expenses | ₹0.02 Cr |
| Regulators including stock exchanges | ₹0.04 Cr |
| Printing and distribution of issue stationary | ₹0.01 Cr |
| Restatement of Accounts and Peer Review Auditor | ₹0.03 Cr |
Registrar & lead managers
Registrar
Skyline Financial Services Pvt.Ltd.Lead managers
- Jawa Capital Services Pvt.Ltd.
Offer documents
Data is reconciled from multiple public IPO sources. Official exchange filings and offer documents remain the source of truth. Last verified 2026-09-13.
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