Closed Issues

504 Ashwamegh Avenue 5th Floor,Mithakhali,

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.