Kalana Ispat Limited IPO
Kalana Ispat Limited IPO
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Kalana Ispat Limited's successfully completed its Initial Public Offering and commenced trading on 26-09-2024 at the NSE exchange. The company raised 49,38,000 Shares through this public offering, comprising 49,38,000 Shares in fresh capital.
The IPO was priced within the band of ₹66 to ₹66, with minimum application lots of 2000 shares. The offering attracted significant investor interest during its subscription period from 19-09-2024 to 23-09-2024.
Share allotment was finalized on 24-09-2024, distributing equity to successful applicants. The stock's subsequent listing marked a significant milestone in the company's corporate history, providing public market liquidity to shareholders.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Kalana Ispat IPO About 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.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
Kalana Ispat IPO Strength Factors
- Innovation at the Core: Afcons embraces innovation to stay ahead of the competition and adapt to changing market needs.
- Growth-Ready Operations: Its scalable business model supports steady and profitable expansion.
- Trusted Industry Leader: With a strong track record of success, Afcons has built a reputation for reliability and excellence.
Kalana Ispat IPO Risk Factors
- Legal Challenges: Afcons, along with its promoters and group companies, is involved in various legal cases. Any unfavorable rulings could impact its reputation and financial health.
- Approval & Licensing Risks: Delays or issues in obtaining necessary permits and licenses could slow down business operations.
- Regulatory Compliance: Not meeting safety, health, environmental, or labor standards could negatively affect Afcons' business and financial stability.
Kalana Ispat IPO Lead Manager(s)
- Jawa Capital Services Private Limited
Kalana Ispat IPO Promoter(s)
- Mr. Aftabhusen S Khandwawala
- Mr. Varghese Joseph Pottakerry
- Mr. Gurubaxsing Jamiatsing Bagga
- Mr. Sadik Nannabhai Qureshi.
Kalana Ispat IPO FAQs
Kalana Ispat Limited IPO subscribed 57.67 times. The public issue subscribed 74.51 times in the retail category,--times in QIB, and -- times in the HNI (10+) category byNovember 20, 2025 5:38:06 AM (Day 20).
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
Kalana Ispat IPO IPO Investor Categories
The offer proceeds will be utilised towards the following investor categories in compliance with SEBI regulations:
Qualified Institutional Buyers (QIB)
Financial Institutions, Banks, FIIs, and Mutual Funds registered with SEBI are called QIBs. In most cases, QIBs represent small investors who invest through mutual funds, ULIP schemes, and pension schemes.
Non-Institutional Investors (NII / HNI)
Retail Individual Investors (HNI), NRIs, Companies, Trusts, etc. who bid for shares worth more than ₹2 lakhs are known as Non-Institutional Bidders. Unlike QIBs, they do not need SEBI registration.
Subcategories of NII:
- sNII (Small NII – bids below ₹10 Lakhs)
For bids between ₹2–10 lakhs. One-third of NII shares are reserved for this category, also known as Small HNI (sHNI).
- bNII (Big NII – bids above ₹10 Lakhs)
For bids above ₹10 lakhs. Two-thirds of NII shares are reserved for this category, also called Big HNI (bHNI).
- sNII (Small NII – bids below ₹10 Lakhs)
Retail Individual Investors (RII)
Individual investors or NRIs who apply up to ₹2 lakhs in an IPO are considered under the RII reserved category.
Employee (EMP)
A category of eligible employees who have a reserved quota in the IPO.
Others
This includes eligible shareholders or other investors with reserved quotas in the IPO.
Kalana Ispat IPO FAQs
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