Kalana Ispat Ltd. has announced public offering of 4938000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 56.00 per share. The gross proceeds of the issue are expected to be Rs 3,259.08 lakhs.

The company's initial public offer (IPO) will open on 19 September 2024 and is expected to close on 23 September 2024, subject to customary closing conditions.

The IPO includes a fresh Issue of 4938000 Equity Shares of the Company at an price of Rs 66.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 2000 shares with bids in multiples of 2000.

Kalana Ispat Ltd. anticipates using the proceeds of the issue for .

Jawa Capital Services Pvt. Ltd. as lead manager & Skyline Financial Services Pvt. Ltd. is the registrar, to the issue.