Kataria Industries IPO details

Kataria Industries IPO is a book built issue of Rs 54.58 crores. The issue is entirely a fresh issue of 56.85 lakh shares.

Kataria Industries IPO opens for subscription on July 16, 2024 and closes on July 19, 2024. The allotment for the Kataria Industries IPO is expected to be finalized on Monday, July 22, 2024. Kataria Industries IPO will list on NSE SME with tentative listing date fixed as Wednesday, July 24, 2024.

Kataria Industries IPO price band is set at ₹91 to ₹96 per share. The minimum lot size for an application is 1200 Shares. The minimum amount of investment required by retail investors is ₹115,200. The minimum lot size investment for HNI is 2 lots (2,400 shares) amounting to ₹230,400.

Interactive Financial Services Ltd is the book running lead manager of the Kataria Industries IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.

Refer to Kataria Industries IPO RHP for detailed information.

 

Kataria Industries IPO Details

IPO Date July 16, 2024 to July 19, 2024
Listing Date [.]
Face Value ₹10 per share
Price Band ₹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
Share holding pre issue 15,846,834
Share holding post issue 21,531,834

 

Kataria Industries IPO Timeline (Tentative Schedule)

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
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

 

Kataria Industries IPO Lot Size

Investors can bid for a minimum of 1200 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

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

 

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 Promoter Holding

The promoters of the company are Sunil Kataria, Arun Kataria and Anoop Kataria.

Share Holding Pre Issue 100.00%
Share Holding Post Issue

 

About Kataria Industries Limited

Incorporated in 2004, Kataria Industries Limited manufactures and supplies Low Relaxation Pre-stressed Concrete (LRPC) Strands and Steel Wires, Post-tensioning (PT) Anchorage System (Anchor Cone, Anchor Head, and Wedges), HDPE Single-Wall Corrugated (SWC) Sheathing Ducts, Couplers, and Aluminum Conductors. The company’s wide range of products is used in various sectors, including Infrastructure, Roads, Bridges, Flyovers, Metros, Railways, High-Rise Buildings, Atomic Reactors, LNG Tanks, Power Transmission, and Distribution Lines.

The product portfolio of the company comprises the following:-

  • LRPC Strands
  • Polymer-coated grease/wax-filled LRPC Strands
  • Galvanised LRPC Strands
  • Galvanised PE Coated LRPC Strands
  • Specialised LRPC Strands (19 Strands and Upto 23.00 mm)

The company has two manufacturing plants in Ratlam, Madhya Pradesh, both equipped with essential machinery, infrastructure, and in-house testing facilities to ensure our products meet standards.

The company’s manufacturing facility is certified for quality management systems under ISO 9001:2015.

The company serves both domestic and international customers and has exported goods to Dubai, Qatar, Nepal, Iran, Oman, Bahrain, and Brazil.

As of December 31, 2023, the company employs 71 permanent workers in various departments.

 

Kataria Industries Limited Financial Information (Restated Consolidated)

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

 

Key Performance Indicator

The market capitalization of Kataria Industries IPO is Rs 206.71 Cr.

KPI as of March 31, 2024.

KPI Values
ROE 24.53%
ROCE 17.40%
Debt/Equity 1.38
RoNW 22.03%
P/BV 4.24
PAT Margin (%) 2.95

 

Pre IPO Post IPO
EPS (Rs)  6.32 4.65
P/E (x)  15.18 20.63

Note:

  • The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2024 that is available in RHP.
  • The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of March 31, 2024 that is available in RHP.

 

 

Objects of the Issue (Kataria Industries IPO Objectives)

The company proposes to utilize the Net Proceeds from the issue towards the following objects

  • Capital Expenditure for plant and machineries;
  • Repayment of Debt
  • General corporate purposes