Listed Price₹45.15
Listing Gain-31.59%
Price Band₹66
Lot Size2,000 shares
Min Bid₹1,32,000
Subscription57.67x
Listed Market Snapshot
₹45.15Listed price from market data
-31.59%listing gain
Issue Amount
₹32.59 Cr
Listed Price
₹45.15
Current Price
₹18.9
Registrar
Skyline Financial Services Private Limited
Timeline•Fixed Price Issue IPO
Open19 Sep 2024
Close23 Sep 2024
Allotment24 Sep 2024
Listing26 Sep 2024
Quota Reservation Portions
RetailPortion: 23,46,000 shares
47.5%OtherPortion: 23,44,000 shares
47.5%Market MakerPortion: 2,48,000 shares
5.02%Minimum Application Bracket Matrix
Retail1 lots / 2,000 shares
₹1,32,000HNI2 lots / 4,000 shares
₹2,64,000About the Company
Kalana Ispat Limited, established in October 2012, specializes in manufacturing M.S. Billets and Alloy Steel Billets in various grades. The company operates in two segments—product sales and services—supported by an ISO 2830:2012-certified facility with a 38,000 MT annual production capacity. Known for its innovation-driven approach and scalable operations, Kalana Ispat has a strong track record of profitable growth. Backed by experienced promoters, dedicated employees, and solid customer relationships, the company efficiently manages production with a core team of three key management personnel (KMPs), 15 employees, and additional temporary manpower as needed.
Company Promoters
Mr. Aftabhusen S Khandwawala Mr. Varghese Joseph Pottakerry Mr. Gurubaxsing Jamiatsing BaggaMr. Sadik Nannabhai Qureshi.
Lead Managers
Registrar
Skyline Financial Services Private Limited