Investing, Finance, IPO Insights

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 DateJuly 16, 2024 to July 19, 2024
Listing Date[.]
Face Value₹10 per share
Price₹91 to ₹96 per share
Lot Size1200 Shares
Total Issue Size5,685,000 shares
(aggregating up to ₹54.58 Cr
Fresh Issue5,685,000 shares
(aggregating up to ₹54.58 Cr
Issue TypeBook Built Issue IPO
Listing AtNSE SME
Shareholding pre-issue15,846,834
Shareholding post issue21,531,834

Kataria Industries IPO Lot Size

ApplicationLotsSharesAmount
Retail (Min)11200₹115,200
Retail (Max)11200₹115,200
HNI (Min)22400₹230,400

Kataria Industries IPO Objectives

The objectives of the Issue are:

  1. Capital Expenditure for plant and machinery.
  2. General Corporate Purpose.
  3. 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 Ended31 Mar 202431 Mar 202331 Mar 2022
Assets12,002.8415,058.7312,787.19
Revenue34,148.6333,393.0925,048.91
Profit After Tax1,002.11777.83738.34
Net Worth4,549.563,584.162,806.33
Reserves and Surplus3,001.583,320.052,542.21
Total Borrowing6,337.1110,696.209,142.29


Kataria Industries IPO Reservation

Investor CategoryShares Offered
QIB Shares OfferedNot more than 50% of the Net Issue
Retail Shares OfferedNot less than 35% of the Net Issue
NII (HNI) Shares OfferedNot 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 DateTuesday, July 16, 2024
IPO Close DateFriday, July 19, 2024
Basis of AllotmentMonday, July 22, 2024
Initiation of RefundsTuesday, July 23, 2024
A credit of Shares to DematTuesday, July 23, 2024
Listing DateWednesday, July 24, 2024
Cut-off time for UPI mandate confirmation5 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.

NiftyTrader

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