Kalana Ispat Ltd - IPO

Kalana Ispat Ltd IPO Details

Initial public issue of 49,38,000 equity shares of face value of Rs. 10 each (Equity Shares) of Kalana Ispat Limited (the Company) for cash at a price of Rs. 66 per equity share (including a share premium of Rs. 56 per equity share) (the Issue Price), aggregating upto Rs. 32.59 crores (The Issue), of which 2,48,000 equity shares of face value of Rs. 10 each for cash at a price of Rs. 66 per equity share, aggregating to Rs. 1.64 crores will be reserved for subscription by the market maker to the issue (the Market Maker Reservation Portion). The issue less market maker reservation portion i.e. issue of 46,90,000 equity shares of face value of Rs. 10 each for cash at a price of Rs. 66 per equity share, aggregating to Rs. 30.95 crores is hereinafter referred to as the Net Issue. The issue and the net issue will constitute 37.87% and 35.97% respectively of the fully diluted post issue paid up equity share capital of the company. The face value of the equity shares is Rs. 10 each and the issue price of Rs. 66 is 6.6 times of the face value of the equity shares.

Objective of issue

Capital Expenditure for installation of 4 MW ground mounted Solar Power Plant - TPSAT structure. Capital expenditure for setting up of rolling mill at survey No. 4/1 Taluka Sanand Mouje Kalana (V). General corporate purposes.

Kalana Ispat Ltd Contact Details

Kalana Ispat Ltd, D-153/A 1st Flr, Okhla Industrial Are, Phase-I, New Delhi-110020

Phone - 91-11-26812682

Fax - 91-11-30857562

Email - contact@kalanaispat.com

Website - www.kalanaispat.com