Check Kalana Ispat IPO Grey Market Premium (GMP), along with Kostak and Subject to Sauda rates as of today. The Kalana Ispat IPO GMP has begun. Stay updated for the latest GMP figures on the Kalana Ispat IPO.
Kalana Ispat IPO is set to open on September 19. This SME IPO aims to raise ₹32.59 crores, with a fixed price band of ₹66 per share and a market lot of 2,000 shares.
Established in 2012, Kalana Ispat Limited, formerly known as Kalana Ispat Pvt. Ltd., was founded under the leadership of Mr. Varghese Joseph Pottakerry and Aftab S. Khandwawala. The company initially focused on trading metal scrap, sourced from shipbreaking yards, imports, and local merchants. As the business grew, they expanded into manufacturing M.S. Billets and set up a production facility in Ahmedabad, Gujarat, in 2015. Today, Kalana Ispat is recognized for its quality M.S. Billets, serving a wide range of leading producers.
Kalana Ispat SME IPO’s latest GMP is ₹20, as of September 22, 2024. With a price band of ₹66, reflecting an expected gain of 30.30% per share.
>> Retail Subject to Sauda for Kalana Ispat SME IPO is ₹30,400.
We update GMP daily, and based on grey market activities over the last six sessions, today’s GMP shows an upward trend, indicating a strong listing. The GMP has ranged from a low of ₹10 to a high of ₹30. Stay tuned for daily updates on Kalana Ispat SME IPO GMP and the expected listing price.
**The GMP prices provided are based on news from the grey market. We do not trade or deal in the grey market or Subject to Sauda rates (sub2), nor do we recommend engaging in grey market trading.
Kalana Ispat IPO GMP Day-wise Trend
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Estimated Listing Price |
| 22-09-2024 | 66 | ₹20 | 30400 | ₹86 (30.3%) |
| 21-09-2024 | 66 | ₹25 | 38000 | ₹91 (37.88%) |
| 20-09-2024 | 66 | ₹25 | 38000 | ₹91 (37.88%) |
| 19-09-2024 | 66 | ₹30 | 45600 | ₹96 (45.45%) |
| 18-09-2024 | 66 | ₹10 | 15200 | ₹76 (15.15%) |
| 17-09-2024 | 66 | ₹10 | 15200 | ₹76 (15.15%) |
IPO Grey Market Premium (GMP)
The grey market premium (GMP) represents the price at which an IPO is traded in an unofficial or unregulated market before its official listing. GMP provides an indication of how an IPO might perform on its listing day. A positive GMP suggests that the IPO may list at a profit, while a negative GMP indicates a potential discount.
It’s important to remember that GMP can be highly volatile, making investment decisions based solely on the Kalana Ispat SME IPO GMP risky. Be sure to evaluate all factors carefully before deciding whether to invest in the Kalana Ispat SME IPO.
Kalana Ispat SME IPO Dates
Stay tuned for the latest updates on the Kalana Ispat SME IPO. Dates will be posted as they are announced.
| SME IPO Activity | Date |
| SME IPO Open Date | 19-09-2024 |
| SME IPO Close Date | 23-09-2024 |
| Basis of Allotment | 24-09-2024 |
| Finalisation Date* | |
| Refunds Initiation* | 25-09-2024 |
| Credit of Shares | 25-09-2024 |
| to Demat Account* | |
| SME IPO Listing Date* | 26-09-2024 |
Kalana Ispat IPO GMP (Grey Market Premium) FAQs:
What is the Kalana Ispat IPO GMP today?
The GMP for Kalana Ispat IPO is ₹25 as of today.
What is the Kalana Ispat IPO Kostak rate today?
The Kostak rate for Kalana Ispat IPO is currently unavailable.
What is the Kalana Ispat IPO Subject to Sauda today?
The Subject to Sauda rate for Kalana Ispat IPO is ₹35,000 as of today.
What are the expected returns for Kalana Ispat IPO?
The expected returns for Kalana Ispat IPO are 38%.
DISCLAIMER: The financial information provided here is for educational and informational purposes only and should not be interpreted as an offer to buy or sell securities or as investment advice. It is not intended to be used as the basis for any investment decision. Readers are advised to consult a qualified financial advisor before making any investment decisions. Any actions taken based on the information provided here are solely at the reader’s own risk. Please note that investing in equity markets carries inherent risks due to market volatility. The author has no intention of investing in this offering.