Kataria Industries IPO: Important Details to Check Before Investing

• Kataria Industries IPO is a book-built issue of 54.58 crores.
• This upcoming IPO bidding opens on July 16 and closes on July 19, 2024.
• The price band for the public issue is Rs 91 to Rs 96 per share.
• The Minimum investment required is Rs 1,15,200.

Kataria Industries IPO: Synopsis

Kataria Industries IPO is open for subscription starting Monday, July 16, 2024, and closing on Thursday, July 19, 2024. This upcoming IPO's price band is Rs 91 to 96 per share. The minimum lot size set for the retail category is 1200 shares. 

Meanwhile, the minimum lot size for the HNI category is 2 lots consisting of 2400 shares. The minimum investment required for retail category investors is Rs 1,15,200 (96 x 1200 shares). However, for the HNI category, the minimum investment amount required is Rs 2,30,400 (96 x 2400 shares).

Kataria Industries IPO is a book-built issue of Rs 54.58 crores. This upcoming IPO is entirely a fresh issue of 5,685,000 equity shares. The allotment for this new IPO is expected to be finalised on Monday, July 22, 2024.

Kataria Industries IPO will be listed on the NSE SME Segment on Monday, July 22, 2024. However, Interactive Financial Services Limited is the book-running lead manager, and Bigshare Services Private Limited is the registrar.

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Kataria Industries IPO: About the Company

Kataria Industries Ltd. incorporated in 2004, is engaged in the manufacturing and supplying of Low Relaxation Pre-Stressed Concrete Strands, Steel Wires, Post tensioning Anchorage Systems, HDPE Single-Wall Corrugated Sheathing Ducts, Couplers, and Aluminum Conductors. Their products find applications in such infrastructure projects as roads, bridges, railways, high-rise buildings, and power transmission lines.

Kataria Industries uses in-house testing facilities and consists of two manufacturing plants at Ratlam, Madhya Pradesh. It is supported by ISO 9001:2015 certification. It caters to nearly all domestic as well as international markets of the country and exports its products to Dubai, Qatar, Nepal, Iran, Oman, Bahrain, and Brazil. Number of permanent workers: 71 as on December 31, 2023.

Objectives of the Public Issue

The company will utilize the net proceeds from this issue for a few different objectives, specifically the provision of capital expenditure to plant and machinery, repayment of existing debt, and general corporate purposes. The desirability of fund uses in this case seeks an increment of operational capabilities while improving its financial position and flexibility for overall business growth.

Kataria Industries IPO: Other Important Details

Time-Table of Kataria Industries IPO

Kataria Industries IPO: Financial Metrics (Amt in Rs Lakhs)

The company's revenue was reported to be Rs 333.93 Crore for the year ended March 2023, which shows an increase of 33.31%. The profit after tax improved to Rs 7.78 Crore, marking an increase of 5.34% for the year ended March 2024 compared to March 2023.

Lot Size of Kataria Industries

Investors can bid for a minimum quantity, 1200 shares and in multiples thereof.

Kataria Industries: Promoters Holding before & after IPO?

The promoters of the company are Sunil Kataria, Arun Kataria and Anoop Kataria. The promoters collectively held 100% of the company's shares. However, post-IPO, the change in their combined shareholding is not yet disclosed.

Kataria Industries: Strength

1.  The company exports to Dubai, Qatar, Nepal, Iran, Oman, Bahrain, and Brazil.

2.  The company operates in various product ranges, including LRPC Strands, polymer-coated grease/wax-filled LRPC Strands, and many more. 

3.  The company’s EPS and PE ratio post IPO are likely to be Rs 4.85 per share and 19.78 respectively.

FAQs

1.  What are the details of the Kataria Industries IPO?

Kataria Industries IPO is a book-built issue of Rs 54.58 crores. This upcoming IPO is entirely a fresh issue of 5,685,000 equity shares. The allotment for this new IPO is expected to be finalised on Monday, July 22, 2024.

2.      How can I apply for the Kataria Industries IPO?

The public subscription of this new IPO will open on July 16 and close on July 19, 2024. Click here to initiate the application process.

3.      Who are the lead managers for the Kataria Industries IPO?

Interactive Financial Services Limited was appointed as the book-running lead manager for the IPO.

4.      Who is appointed as the registrar for this IPO?

Bigshare Services Private Limited is appointed as the registrar for this public issue.

5.      How will the net proceeds from the IPO be utilised?

The company will utilize the net proceeds from this issue for a few different objectives, specifically the provision of capital expenditure to plant and machinery, repayment of existing debt, and general corporate purposes. The desirability of fund uses in this case seeks an increment of operational capabilities while improving its financial position and flexibility for overall business growth.

6.      How can I check the allotment status of the IPO?

Investors who applied for IPO can check the allotment status of the Kataria Industries Limited by visiting here. For further updates follow Bigul.

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