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IPO

IPO Details


Kalana Ispat Ltd
Registered Office: 504 Ashwamegh Avenue 5th Floor, Mithakhali, Ahmedabad - 380009, Gujarat
Phone: 81418 48159
Email: contact@kalanaispat.com
Website: www.kalanaispat.com
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 Money Payable On
Opens On Closes On Application Allotment
19-Sep-2024 23-Sep-2024 ₹ 66.00 ₹ 0.00
Minimum Application for shares in Nos : 2000.0 Further Multiples of : 2000.0
(₹)Cr. Lead Managers to the Issue
Project Cost 31.59 Jawa Capital Services Pvt Ltd
Project Financed through Current Offer 32.59
Post Issue Equity Share Capital 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
No Data Available

INDIAN INDICES

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83,432.89 193.42 (0.23%)

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25,461.00 55.70 (0.22%)

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