Kalana Ispat IPO subscription status started on September 19, 2024, and closed on September 23, 2024. The company aims to raise approximately ₹32.59crore via this IPO. The retail quota is 35%, NII 50%. The price band is fixed at ₹66 per equity share.
The IPO consists of a minimum market lot of 2000 Shares requiring an application amount of ₹1,32,000. Kalana Ispat is a SME IPO that will be listed on the NSE.
Also read: Kalana Ispat IPO GMP: Latest GMP 2024
Table of contents
IPO Overview
Established in 2012, Kalana Ispat Limited, formerly known as Kalana Ispat Pvt Ltd, began its journey under the collaborative leadership of Mr. Varghese Joseph Pottakerry and Aftab S. Khandwawala. Initially, the company focused on trading metal scrap, which was procured through international imports, shipbreaking yards, and local vendors. As the business evolved, the company ventured into the production of M.S. Billets, subsequently setting up a manufacturing unit in Ahmedabad, Gujarat, in 2015. The company’s business can be divided into two segments: Sale of Products, and Sale of Services.
Currently, Kalana Ispat Pvt Ltd is recognized as a reliable name in the industry. They cater to a wide range of prominent producers who value the superior quality of their M.S. Billets. Indeed, the company’s commitment to quality and its longstanding market goodwill remain the cornerstones of its success, as well as the foundation for its enduring relationships with cherished customers. The manufacturing facility has been duly certified by international standards of quality management systems such as ISO 2830:2012.
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We advise investors to consider applying for an IPO with a long-term perspective. It’s also important to review the QIB, NII, and Retail subscription figures before making an investment decision.
Kalana Ispat IPO Subscription Status
| Category | Day 1 | Day 2 | Day 3 |
|---|---|---|---|
| NII | 0.19 | 1.19 | 40.69 |
| RII | 1.39 | 7.82 | 74.54 |
| Total | 0.79 | 4.50 | 59.92 |
Kalana Ispat IPO Investor Categories
- Qualified Institutional Buyers (QIB): Financial Institutions, Banks, FIIs, Mutual Funds
- Non-Institutional Investors (NII): Individual Investors, NRIs, Companies, Trusts, etc.
- Retail Individual Investors (RII): Retail Individual Investors or NRIs
- Employee (EMP): Eligible Employees
- Others: Eligible Shareholders
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Kalana Ispat IPO Form
To apply for the Kalana Ispat IPO, use ASBA via your bank’s online portal or download and submit IPO forms through your bank or broker.
FAQs
The IPO subscription starts on September 19, 2024, for NII, and Retail Investors.
You can apply through ASBA and non-ASBA options via your bank account, broker, or UPI app.
Visit our portal for live IPO subscription numbers updated hourly. Live data is also available on the official IPO page.
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