Kalana Ispat IPO

Kalana Ispat Limited IPO offers 49,38,000 shares worth ₹32.59 cr to fund a solar plant, rolling mill setup, and general corporate purposes.

Important Details

Open Date : September 19, 2024 Close Date : September 23, 2024 Allotment Date: September 24, 2024 Listing Date: September 26, 2024

Important Details

IPO Price: INR 66 per share Lot Size: 2000 Shares Total Issue Size: INR 32.59 crores

Fundamental Analysis

Kalana Ispat IPO shows mixed performance: 1. Revenue: Steady growth. 2. Profitability: Significant improvement. 3. EPS & RoNW: Both up, indicating growth. 4. Inventory Turnover: Shows potential inefficiencies.

Peer Comparison

Performance: Moderate revenue and profitability. Peers: Supershakti Metaliks, Incredible Industries, and Gallantt Ispat have higher revenues, EPS, and assets. Market Position: Indicates weaker scale and position.

Objective

Objective: Invest in a 4 MW solar power plant. Project: Set up a rolling mill in Ahmedabad. Requirements: Construct an industrial shed and acquire necessary equipment and machinery.

Risks And Challenges

Kalana Ispat IPO  Risks: 1. Ongoing Litigation: Risks to reputation and finances. 2. Environmental Compliance: Potential costs involved. 3. Operational Constraints: Reliance on HTP-IV tariff may increase expenses and impact profitability.