Kataria Industries IPO: A New Powerhouse in Manufacturing or a Risky Bet?

NiftyTrader • July 13, 2024

Kataria Industries (IPO) opens on July 16, 2024, and closes on July 19, 2024. The allotment for the Kataria Industries IPO is anticipated to be completed on Monday, July 22, 2024. The IPO will be listed on the NSE and SME, tentatively on Wednesday, July 24, 2024.

The price band for the Kataria Industries IPO is set at Rs 91 to Rs 96 per share. The IPO is a book-built issue of Rs 54.58 crores, entirely a fresh issue of 56.85 lakh shares.

Kataria Industries IPO Details

IPO Date	July 16, 2024 to July 19, 2024
Listing Date	[.]
Face Value	₹10 per share
Price	₹91 to ₹96 per share
Lot Size	1200 Shares
Total Issue Size	5,685,000 shares (aggregating up to ₹54.58 Cr
Fresh Issue	5,685,000 shares (aggregating up to ₹54.58 Cr
Issue Type	Book Built Issue IPO
Listing At	NSE SME
Shareholding pre-issue	15,846,834
Shareholding post issue	21,531,834

Kataria Industries IPO Lot Size

Application	Lots	Shares	Amount
Retail (Min)	1	1200	₹115,200
Retail (Max)	1	1200	₹115,200
HNI (Min)	2	2400	₹230,400

Kataria Industries IPO Objectives

The objectives of the Issue are:

Capital Expenditure for plant and machinery.
General Corporate Purpose.
Repayment of Debt.

About Kataria Industries Limited

Kataria Industries, founded in 2004, manufactures and supplies Low Relaxation Prestressed Concrete (LRPC) Strands and Steel Wires, Post-tensioning (PT) Anchorage Systems, HDPE Single Wall Corrugated (SWC) Sheathing Ducts, Couplers, and Aluminum Conductors. The product portfolio of the company comprises LRPC Strands, polymer-coated grease/wax-filled LRPC Strands, and galvanized LRPC Strands.

Kataria Industries Limited Financial Information

Kataria Industries Limited’s revenue increased by 2.26% and profit after tax (PAT) rose by 28.83% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	12,002.84	15,058.73	12,787.19
Revenue	34,148.63	33,393.09	25,048.91
Profit After Tax	1,002.11	777.83	738.34
Net Worth	4,549.56	3,584.16	2,806.33
Reserves and Surplus	3,001.58	3,320.05	2,542.21
Total Borrowing	6,337.11	10,696.20	9,142.29

Kataria Industries IPO Reservation

Investor Category	Shares Offered
QIB Shares Offered	Not more than 50% of the Net Issue
Retail Shares Offered	Not less than 35% of the Net Issue
NII (HNI) Shares Offered	Not less than 15% of the Net Issue

Kataria Industries IPO Timeline

Kataria Industries IPO opens on July 16, 2024, and closes on July 19, 2024.

IPO Open Date	Tuesday, July 16, 2024
IPO Close Date	Friday, July 19, 2024
Basis of Allotment	Monday, July 22, 2024
Initiation of Refunds	Tuesday, July 23, 2024
A credit of Shares to Demat	Tuesday, July 23, 2024
Listing Date	Wednesday, July 24, 2024
Cut-off time for UPI mandate confirmation	5 PM on July 19, 2024

Conclusion

Kataria Industries, specializing in manufacturing and supplying a range of industrial products, is set to launch its IPO from July 16 to July 19, 2024. With a price band of Rs 91 to Rs 96 per share, the company aims to raise Rs 54.58 crores through a fresh issue of 56.85 lakh shares. The objectives of the IPO include capital expenditure, general corporate purposes, and debt repayment. The financials reflect a steady increase in revenue and profit, signaling robust growth potential. The IPO will be listed on NSE SME, with the allotment and listing dates set for July 22 and July 24, 2024, respectively.