Kalana Ispat Limited was founded in October 2012. The company was engaged in trading of scrap metal procured through imports from various countries, scrap yards and local traders. The company ventured into the manufacturing of MS billets and set up a manufacturing facility in Ahmedabad, Gujarat in 2015. The company manufactures MS blocks and alloy steel billets. The company conducts its business from its manufacturing facility at Survey No. 4/1 Taluka Sanand, Mouje Kala village, Ahmedabad. As on December 31, 2023, the company was operating at full capacity with an installed capacity of 38000 M.T.
Kalana Ispat IPO, a SME IPO of ₹32.59 Cr opens for subscription from 19-09-2024 to 23-09-2024. The IPO consists of ₹32.59 Cr fresh issue. The face value is Rs. 10 and the price band is fixed at 66.00 per share. You can apply to the Kalana Ispat SME IPO for a minimum lot of 2000 shares amounting of Rs. 132000. The tentative listing date on the exchange (NSE SME) is 26-09-2024.
Kalana Ispat Limited’s revenue decreased by -11% and profit after tax (PAT) rose by 373% between the financial year ending with March 31, 2024 and March 31, 2023.
