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IPO Synopsis

Kalana Ispat Ltd
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.
Issue
Opens On Closes On
19-Sep-24 23-Sep-24
Money Payable On
Application Allotment
66.00 0.00
Minimum Application for shares in Nos : 2000 Further Multiples of : 2000
(.Cr) Lead Managers to the Issue
Project Cost (.Cr) 31.59 Jawa Capital Services Pvt Ltd
Project Financed through Current Offer (.Cr) 32.59  
Post Issue Equity Share Capital (.Cr) 13.04
Issue Price () 66.00
Projects
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
Promoted By
Aftabhusen Khandwala
Varghese Joseph Pottakerry
Gurubaxsing Jamiatsing Bagga
Listing At
NSE - SME
Registrar to the Issue
Skyline Financial Services Pvt
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