Kalana Ispat Limited IPO GMP

Kalana Ispat offers tailored billet solutions to meet our specific needs. With expertise in metallurgy and engineering, they provide custom dimensions, alloys, and production processes to address our unique requirements. Their commitment to sustainability aligns with evolving market demands, and their proven track record showcases their ability to find solutions for our challenges.

Kalana Ispat, an Fixed Price Issue amounting to ₹32.59 Crores, consisting an Fresh Issue of 49.38 Lakh Shares. The subscription period for the Kalana Ispat IPO opens on September 19, 2024, and closes on September 23, 2024. The allotment is expected to be finalized on or about Tuesday, September 24, 2024, and the shares will be listed on the NSE SME with a tentative listing date set on or about Thursday, September 26, 2024.

The Share price of Kalana Ispat IPO is set at ₹66 equity per share, with a minimum lot size of 2,000 shares. Retail investors are required to invest a minimum of ₹132,000, while the minimum investment for High-Net-Worth Individuals (HNIs) is 2 lots (4,000 shares), amounting to ₹264,000.

Jawa Capital Services Private Limited is the book-running lead manager, Skyline Financial Services Private Limited is the registrar for the Issue. Aftertrade Broking Private Limited is the sole Market Maker for the Kalana Ispat IPO.

Kalana Ispat Overseas Limited IPO GMP Today
The Grey Market Premium of Kalana Ispat Limited IPO is expected in the range of ₹20 based on the financial performance and subscription status of the company. No real trading is done on the basis of Grey Market Premium that's why no real discovery of price can be done before the listing of shares on the stock exchange. The Grey Market Premium totally depends upon the Demand and Supply of the shares of the company in unorganized manner which is not recommended. The Grey Market Premium is mentioned for educational and informational purposes only.

Kalana Ispat Limited IPO Live Subscription Status Today: Real-Time Updates
As of 12:047 PM on 23 September 2024, the Kalana Ispat Limited IPO live subscription status shows that the IPO subscribed 22.34 times on its Final day of subscription period. Check the Kalana Ispat Limited IPO Live Subscription Status Today at NSE.

Note:- Equity Shares allotted to Anchor Investors (if any) are allotted from Qualified Institutional Buyers (QIBs) reservation portion.
Note:- The Number of shares offered shown IPO subscription section table is calculated at the lower end of the price band and Number of shares calculated in IPO details table section is calculated at upper end of the price band, so there can be difference in case of Book Building offer. This is because we assume shares will be issued by the company at upper band as Anchor Investors also subscribe at upper band and shares will be issued at lower band only in case of undersubscription of IPO.
Note:- Market Maker portion (if any) are not shown separately in subscription table and included in NIIs reservation portion. 

Kalana Ispat Limited IPO Allotment Date - Step by Step Guide to Check Allotment Status Online 
Kalana Ispat IPO allotment date is 24 September, 2024, Tuesday. Kalana Ispat IPO Allotment will be out on 24th September 2024 and will be live on Registrar Website from the allotment date. Check Kalana Ispat Limited IPO Allotment Status here. Here's how you can check the allotment status:
- Navigate to the IPO allotment status page.
- Select Kalana Ispat Limited IPO from the dropdown list of IPOs.
- Enter your application number, PAN, or DP Client ID.
- Submit the details to check your allotment status.
By following either of these methods, investors can quickly determine their allotment status and proceed accordingly with their investments.

Objectives of Kalana Ispat Limited IPO
Kalana Ispat Proceeds from the Fresh Issue will be utilized towards the following objects : 
a. ₹2,298.75 Lakhs is required for Capital Expenditure for Installation of 4 MW DC & 3.5 MW AC Ground Mounted Solar Power Plant - TPSAT Structure 
b. ₹799.45 Lakhs is required for Capital expenditure for setting up of rolling mill at Survey No. 4/1 Taluka Sanand, Mouje Kala village, Ahmedabad by construction of the industrial shed, purchase of equipment/machineries, other assets etc.; and 
c. ₹60.88 Lakhs is required for General Corporate Purpose

Refer to Kalana Ispat Limited RHP for more details about the Company.