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Kalana Ispat Ltd

Registered Office : 504 Ashwamegh Avenue 5th Floor,Mithakhali,Ahmedabad Gujarat 380009 Phone : 81418 48159
Fax :

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

Opens On

Closes On

19-Sep-2024

23-Sep-2024

Money Payable On

Application

Allotment

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 (₹.Cr)

Project Financed through Current Offer (₹.Cr)

Post Issue Equity Share Capital (₹.Cr)

Issue Price (₹.Cr)

31.59

32.59

13.04

66.00

Jawa Capital Services Pvt Ltd

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