Enviro Infra Engineers IPO - Day 1 Subscription at 2.08 Times
Kalana Ispat IPO Subscription Status
Last Updated: 23rd September 2024 - 02:28 pm
Kalana Ispat's initial public offering (IPO) has garnered strong investor interest, with subscription rates increasing significantly over the three-day period. Starting modestly on day one, the IPO witnessed a surge in demand, resulting in a 19.08 times oversubscription by 11:24:00 AM on day three. This response underscores the market appetite for Kalana Ispat's shares and sets the stage for a potentially dynamic listing.
The IPO, which opened on 19th September 2024, has seen significant growth in investor participation across categories. Kalana Ispat attracted bids for 8,94,76,000 equity shares amounting to ₹590.54 crore.
The Retail Investors segment, in particular, has shown overwhelming demand, followed by strong interest from Non-Institutional Investors (NII).
Subscription Status of Kalana Ispat IPO for Days 1, 2, and 3:
Date | NII* | Retail | Total |
Day 1 (Sep 19) | 0.19 | 1.39 | 0.79 |
Day 2 (Sep 20) | 1.19 | 7.82 | 4.50 |
Day 3 (Sep 23) | 8.76 | 29.40 | 19.08 |
Note: Market Maker portion is not included in NII/HNI.
Here are the subscription details for Kalana Ispat IPO as of Day 3 (23rd September 2024, 11:24:00 AM):
Investor Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (₹ Cr.) |
Non-Institutional Buyers | 8.76 | 23,45,000 | 2,05,44,000 | 135.59 |
Retail Investors | 29.40 | 23,45,000 | 6,89,32,000 | 454.95 |
Total | 19.08 | 46,90,000 | 8,94,76,000 | 590.54 |
Total Applications: 34,466
Note: The total amount is calculated based on the upper price of the issue price range.
Key Highlights:
- The IPO of Kalana Ispat is currently subscribed 19.08 times, with exceptional demand from Retail Investors.
- Retail investors have shown overwhelming interest, with a subscription ratio of 29.40 times.
- Non-Institutional Investors (NII) have demonstrated strong enthusiasm, with a subscription ratio of 8.76 times.
- The overall subscription trend increases day-on-day, indicating high investor confidence and positive sentiment towards the issue.
Kalana Ispat IPO - Day 2 Subscription at 4.50 Times
Key Highlights:
- On Day 2, Kalana Ispat's IPO was subscribed 4.50 times, with strong demand from Retail Investors.
- Retail investors showed significantly increased interest with a subscription ratio of 7.82 times.
- Non-Institutional Investors (NII) showed increased interest with a subscription ratio of 1.19 times.
- The overall subscription trend indicated building momentum, with retail category showing significant increased participation.
Kalana Ispat IPO - Day 1 Subscription at 0.79 Times
Key Highlights:
- The IPO of Kalana Ispat was subscribed 0.79 times on Day 1, with initial demand primarily from Retail Investors.
- Retail investors showed early interest with a subscription ratio of 1.39 times.
- Non-Institutional Investors (NII) showed minimal initial interest with a subscription ratio of 0.19 times.
- The first-day response laid a foundation for the remaining days of the IPO, with expectations of increased participation in the following days.
About Kalana Ispat Ltd:
Kalana Ispat Limited, incorporated in October 2012, is primarily involved in manufacturing M.S. Billets and Alloy Steel Billets of various grades.
Key features of Kalana Ispat:
- Manufactures M.S. Billets and Alloy Steel Billets of various grades
- Business segments include Sale of Products and Sale of Services
- Manufacturing facility certified with ISO 2830:2012
- Annual manufacturing capacity of 38000MT/Annum
- Focus on innovation and consistent track record of profitable growth
- Experienced promoters and dedicated employees
- As of September 2024, the company has three key management personnel (KMPs) and fifteen employees
- Reported revenue of ₹73.94 crore and PAT of ₹2.37 crore for FY 2024
Read more about Kalana Ispat IPO
Highlights of the Kalana Ispat IPO:
- IPO Date: 19th September 2024 to 23rd September 2024
- Listing Date: 26th September 2024 (Tentative)
- Face Value: ₹10 per share
- Price: ₹66 per share (Fixed Price Issue)
- Lot Size: 2000 Shares
- Total Issue Size: 4,938,000 shares (aggregating up to ₹32.59 Cr)
- Fresh Issue: 4,938,000 shares (aggregating up to ₹32.59 Cr)
- Issue Type: Fixed Price Issue IPO
- Listing At: NSE SME
- Book Running Lead Manager: Jawa Capital Services Private Limited
- Registrar: Skyline Financial Services Private Ltd
- Market Maker: Aftertrade Broking
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