58  Total SME IPOs listed in 2025

2,593.84 Crs.  Total funds raised in 2025

40  SME IPOs listed with Gain in 2025

18  SME IPOs listed with loss in 2025

58  Total SME IPOs listed in 2025

2593.84 Crs.  Total funds raised in 2025

40  SME IPOs listed with Gain in 2025

18  SME IPOs listed with loss in 2025

58  Total SME IPOs listed in 2025

2593.84 Crs.  Total funds raised in 2025

40  SME IPOs listed with Gain in 2025

18  SME IPOs listed with loss in 2025

58  Total SME IPOs listed in 2025

2593.84 Crs.  Total funds raised in 2025

40  SME IPOs listed with Gain in 2025

18  SME IPOs listed with loss in 2025

Kalana Ispat Limited IPO Analysis

Kalana Ispat IPO is a book build IPO listing on NSE EMERGE exchange. The company is based in Ahmedabad and caters to Metal sector. Jawa Capital Services Private is the merchant banker of Kalana Ispat IPO. It is a SME IPO which filed its Draft Red Herring Prospectus (DRHP) on 30th November -0001.

Kalana Ispat IPO posted revenues of Rs 73.95 crores and PAT of Rs 2.37 crores in FY25 on annualised basis.

Nature of IPO : SME
Exchange : NSE EMERGE
IPO Type : Fixed Price

Kalana Ispat IPO Financial Performance (Restated)

Financial results of Kalana Ispat IPO based on restated financials as per prospectus and IPO review parameters can be referred to below.

Amount in ₹ crores
Financials
FY 24
FY 23
FY 22
Balance Sheet
Assets
0.19
0.16
0.13

Net Worth
0.11
0.04
0.04

Total Debt
0.05
0.09
0.03

Profit & Loss
Revenue
Revenue on annualised basis
0.74
0.74
0.83
0.58

EBITDA
EBITDA on annualised basis
0.04
0.04
0.01
0.01

PAT
PAT on annualised basis
0.02
0.02
0.01
[●]

Notes:
1) Total debt incluides long-term borrowings and short-term borrowings.
2) Revenue means the Revenue from Operations as appearing in the Restated Financial Statements.

Kalana Ispat IPO Key performance Indicators (KPI)

Kalana Ispat IPO PAT Margin is 2.70%, ROCE (Return on Capital Employed) is 0.21% as per latest financial. The below table shows Kalana Ispat IPO Key Performance Indicators (KPI) as mentioned in company’s prospectus.

Particulars
FY 24
FY 23
FY 22

EBITDA Margin (%)
5.41
1.20
1.72

PAT Margin (%)
2.70
1.20
[●]

EPS (Rs.)
3.03
5.01
1.36

ROE (%)
18.18
25.00
[●]

ROCE (%)
0.21
0.08
0.06

ROA (%)
10.53
6.25
[●]

Debt to Equity (x)  
0.45
2.25
0.75

Notes:
1) The EPS represents post-bonus basic EPS.
2) Return on Equity is ratio of Profit after Tax and Total Equity.
3) Return on Assets is ratio of Profit after Tax and Total Assets.
4) Debt to Equity is ratio of Total borrowings and Total Equity.

Kalana Ispat IPO Valuation Metrics

The market Capitalisation of Kalana Ispat IPO is Rs 86.08 crores at the time of IPO and other IPO valuation metrics of this IPO is mentioned below.

Key Metrics (at the time of IPO)


Market Capitalisation (Rs. Cr.):
86.08

Enterprice Value (EV) (Rs. Cr.):
86.12

EV/EBITDA (times) :
2,153.00

PE Multiple (times) :
36.37

P/B (times) :
2.63

NAV (Rs.) :
13.87

Notes:
1) The Enterprise Value is calculated as Market Cap. + Total Debt - Cash and Cash Equivalents.
2) Price to Book multiple is calculated as the ratio of Market Cap. and Net Worth post IPO proceeds.

What are the key financial metrics in Kalana Ispat prospectus?

The Kalana Ispat IPO prospectus highlights an Return on Equity (ROE) of 15%, Return on Assets (ROA) of 12%, and an EBITDA Margin of 18%, showcasing financial performance.

How do profitability ratios impact the evaluation of Kalana Ispat IPO?

Profitability ratios like Return on Equity (ROE), Return on Assets (ROA), and Net Profit Margin shows Kalana Ispat IPO financial report. Analysing these metrics can provide insights into the company’s efficiency, profitability, and long-term growth potential.

What is the market capitalisation for Kalana Ispat IPO ?

The post-IPO market capitalisation of Kalana Ispat IPO is ₹86.08 Cr, based on the issue price and share structure. It helps investors gauge the company’s valuation and compare it with industry peers before investing.

What is the PE Multiple of Kalana Ispat IPO?

The Kalana Ispat IPO has a Price-to-Earnings (PE) ratio of 36.37 X, indicating valuation compared to industry peers. It helps investors determine if the stock is overvalued or undervalued compared to its earnings and industry peers.

What is the Revenue of Kalana Ispat IPO?

Kalana Ispat IPO reported revenue of ₹73.95 Cr in the latest fiscal year, showing business performance, on annualised basis. Revenue figures from Kalana Ispat IPO provide insights into sales growth, market demand, and business scalability.

What is the EBITDA of Kalana Ispat IPO?

Kalana Ispat recorded an EBITDA of ₹ 0.04 Cr., reflecting operational efficiency. EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortisation) measures operational profitability.

What is the PAT of Kalana Ispat IPO?

Kalana Ispat Profit After Tax (PAT) is ₹0.02 Cr, reflecting earnings growth. Profit After Tax (PAT) reflects the company’s actual earnings after all expenses, taxes, and deductions

IPO Key Highlights

*At the time of IPO, on Annualised Basis
  • Revenue: ₹ 0.74 Cr.
            EBITDA: ₹ 0.04 Cr.
            PAT: ₹ 0.02 Cr.
  • EBITDA Margin: 5.41 %
            Pat Margin: 2.70%
  • Net Worth: ₹ 0.11 Cr.
  • Market Capitalisation: ₹ 86.08 Cr.
  • P/E: 36.37 times
  • P/BV: 2.63 times
  • EV/EBITDA: 2,153.00 times

Revenue

(As Annualised)

EBITDA

(As Annualised)

PAT

(As Annualised)
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FAQs

Kalana Ispat operates in Metal and Manufacturing M.S. Billets And Alloy Steel Billets Of Various Grades. The Issue is listed on NSE EMERGE in Sep, 2024. Kalana Ispat IPO size was 32.59 with Issue price of 66.00 .

Kalana Ispat IPO subscription was 59.92 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.

Kalana Ispat IPO listed at a listing price of 45.15 against the offer price of 66.00.

The current market price of Kalana Ispat is 48.50.

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