Business Standard

Kalana Ispat Ltd - IPO

Issue Type

Fixed Price - SME

Issue Size (₹ Cr.)

32.59 cr

Price Range (₹)

66

Lot Size

2000

Min Investment (₹)

1,32,000.00

Listing Exchange

NSE - SME

Open Date

19-Sept-2024

Close Date

23-Sept-2024

Listing Date

26-Sept-2024

Kalana Ispat Ltd News

    Kalana Ispat Ltd IPO Details

    Initial public issue of 49,38,000 equity shares of face value of Rs. 10 each (Equity Shares) of Kalana Ispat Limited (the Company) for cash at a price of Rs. 66 per equity share (including a share premium of Rs. 56 per equity share) (the Issue Price), aggregating upto Rs. 32.59 crores (The Issue), of which 2,48,000 equity shares of face value of Rs. 10 each for cash at a price of Rs. 66 per equity share, aggregating to Rs. 1.64 crores will be reserved for subscription by the market maker to the issue (the Market Maker Reservation Portion). The issue less market maker reservation portion i.e. issue of 46,90,000 equity shares of face value of Rs. 10 each for cash at a price of Rs. 66 per equity share, aggregating to Rs. 30.95 crores is hereinafter referred to as the Net Issue. The issue and the net issue will constitute 37.87% and 35.97% respectively of the fully diluted post issue paid up equity share capital of the company. The face value of the equity shares is Rs. 10 each and the issue price of Rs. 66 is 6.6 times of the face value of the equity shares.

    Objective of issue

    Capital Expenditure for installation of 4 MW ground mounted Solar Power Plant - TPSAT structure. Capital expenditure for setting up of rolling mill at survey No. 4/1 Taluka Sanand Mouje Kalana (V). General corporate purposes.

    Kalana Ispat Ltd Contact Details

    Kalana Ispat Ltd, D-153/A 1st Flr, Okhla Industrial Are, Phase-I, New Delhi-110020

    Phone - 91-11-26812682

    Fax - 91-11-30857562

    Email - contact@kalanaispat.com

    Website - www.kalanaispat.com