Last Updated on September 23, 2024 by Wenivesh Team
Kalana Ispat Limited, a steel billet manufacturer, is launching its IPO soon. If you’re looking for a potential investment opportunity, understanding the Kalana Ispat Limited IPO GMP today and other essential details can help you make an informed decision.
Let’s break down all the information, including the IPO price, listing, subscription, and company background.
Kalana Ispat Limited IPO GMP Today
As of September 23, 2024, the Kalana Ispat Limited IPO GMP today stands at ₹25. This suggests a potential listing gain of about 40% over the issue price.
| Details | Figures |
|---|---|
| Issue Price | ₹66 per share |
| Expected Listing Price | ₹91 (₹66 + ₹25 GMP) |
| GMP | ₹25 |
| Potential Listing Gain | 40% |
Kalana Ispat Limited IPO Price and Key Details
The Kalana Ispat Limited IPO is set to raise ₹32.59 crores through a fresh issue of 49.38 lakh shares. Here are the key details:
| Details | Figures |
|---|---|
| IPO Price | ₹66 per share |
| Minimum Lot Size | 2,000 shares |
| Minimum Investment for Retail | ₹132,000 (1 lot) |
| Minimum Investment for HNIs | ₹264,000 (2 lots) |
| IPO Open Date | September 19, 2024 |
| IPO Close Date | September 23, 2024 |
| Listing Date | September 26, 2024 (NSE SME) |
This IPO offers investors an affordable entry point at ₹66 per share. Retail investors can start with a minimum investment of ₹132,000 for one lot of 2,000 shares.
This strong GMP indicates that market sentiment is favorable, and investors may see good returns on the listing day.
Kalana Ispat Limited IPO Subscription
The IPO subscription status as of the second day shows a mixed response from different investor categories. Retail investors have shown strong interest, while non-institutional investors (NIIs) have been more reserved.
| Category | Subscription (Times) |
|---|---|
| Retail Investors | 29.40 Times |
| Non-Institutional Investors (NII) | 8.76 Times |
| Qualified Institutional Buyers (QIB) | 0.00 |
| Overall Subscription | 19.08 Times |
Retail investors subscribed to the IPO 29.40 Times, showing their confidence in the company, while institutional interest has been low so far.
Company Information
Kalana Ispat Limited is a well-established player in the steel manufacturing industry. Here are some highlights about the company:
Strengths:
- The company has a highly experienced management team.
- It holds an ISO 2830:2012 certification, ensuring global quality standards.
- It has a strategically located manufacturing unit, ensuring efficient supply chain management.
- The company is setting up a solar power plant to reduce energy costs.
Risks:
- Kalana Ispat has experienced negative cash flows in the past few years, with a negative net cash from operations of ₹3.78 lakh in March 2024.
- The company’s operating cash flows have been negative in three out of the last four years.
Kalana Ispat Limited Financials
Kalana Ispat has shown a mixed performance over recent years, with significant improvements in profitability. Below is a breakdown of key financial metrics:
| Particulars | As of March 31, 2022 | As of March 31, 2023 | As of March 31, 2024 |
|---|---|---|---|
| Revenue (₹ Lakhs) | 5,774.88 | 8,303.86 | 7,372.64 |
| Profit After Tax (₹ Lakhs) | 13.66 | 50.09 | 236.70 |
| Diluted EPS (₹) | 1.37 | 5.01 | 3.03 |
| Return on Net Worth (RoNW) | 3.51% | 11.39% | 21.88% |
Key Takeaways:
- Revenue: The company saw a revenue dip from ₹8,303.86 lakhs in 2023 to ₹7,372.64 lakhs in 2024.
- Profit: Profit after tax improved significantly, reaching ₹236.70 lakhs in 2024.
- Return on Net Worth (RoNW): RoNW jumped from 3.51% in 2022 to 21.88% in 2024, indicating increased profitability.
Kalana Ispat Limited IPO Listing
The shares of Kalana Ispat Limited will be listed on the NSE SME platform on September 26, 2024. Investors can expect a positive debut, given the favorable GMP today and robust financial performance.
Conclusion
The Kalana Ispat Limited IPO offers a mix of opportunity and risk. The strong GMP today reflects positive market sentiment, and the company’s improving financials may further attract investors. However, the history of negative cash flows could be a concern. Investors should weigh these factors carefully before making their decision.
Hope this blog On Kalana Ispat Limited IPO GMP Today has been informative and insightful.
Please feel free to leave a comment below if you have any questions or thoughts.