Kataria Industries is scheduled to hit the market on July 16, 2024 and close on July 19, 2024. Kataria Industries plans to raise around ₹54.58 Cr through an IPO with a sale of up to 5,685,000 equity shares of ₹10 each. The Retail offered 35%, QIB Shares Offered 50%, HNI Shares Offered 15%.
Established in 2004, Kataria Industries Limited is a manufacturer and supplier of a diverse range of products including Low Relaxation Pre-stressed Concrete (LRPC) Strands, Steel Wires, Post-tensioning Anchorage System, HDPE Single-Wall Corrugated Sheathing Ducts, Couplers, and Aluminum Conductors. Catering to sectors such as Infrastructure, Roads, Bridges, Railways, and Power Transmission, the company operates two manufacturing plants in Ratlam, Madhya Pradesh, ensuring high-quality products through in-house testing facilities and ISO 9001:2015 certification.
With a customer base spanning across domestic and international markets, Kataria Industries Limited has exported its products to Dubai, Qatar, Nepal, Iran, Oman, Bahrain, and Brazil. As of December 31, 2023, the company employs 71 permanent staff members across different departments, demonstrating its commitment to delivering excellence in the industry.
Kataria Industries IPO Details
Kataria Industries IPO opens on July 16, 2024, and closes on July 19, 2024. The Listing date for Kataria Industries IPO is on July 24, 2024. The price band for IPO is ₹91 to ₹96 per share and lot size of 1200 Shares.
| IPO Date | July 16, 2024 to July 19, 2024 |
| Listing Date | July 24, 2024 |
| Price | ₹91 to ₹96 per share |
| Lot Size | 1200 Shares |
| Issue Size | ₹54.58 Cr |
| Face Value | ₹10 per share |
Kataria Industries IPO Tentative Timetable
Kataria Industries opening date is July 16, 2024 and close date is July 19, 2024. The IPO allotment date is July 22, 2024. The refund initiation of IPO is on July 23, 2024. The credit of shares in demat account is on July 23, 2024. The listing date is on July 24, 2024.
| Event | Date |
|---|---|
| IPO Opening | July 16, 2024 |
| IPO Closing | July 19, 2024 |
| IPO Allotment Date | July 22, 2024 |
| Refund Initiation | July 23, 2024 |
| Shares Credit to Demat | July 23, 2024 |
| Lisiting Date | July 24, 2024 |
Kataria Industries IPO Lot Size
Lot Size of this IPO is 1200 shares. A retail-individual investor can apply for up to 1 lots (1200 shares or ₹115,200).
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail(Minimum) | 1 | 1200 | ₹115,200 |
| Retail(Maximum) | 1 | 1200 | ₹115,200 |
| HNI (Minimum) | 2 | 2400 | ₹230,400 |
Kataria Industries IPO Promoter Holding
| Pre Issue Share Holding | 100.00% |
| Post Issue Share Holding |
Kataria Industries IPO Review
Kataria Industries Ltd. (KIL) is involved in the manufacturing and supply of Low Relaxation Pre-stressed Concrete (LRPC) Strands and steel wires, and recently diversified into the real estate business to enhance its income streams. The company has two manufacturing plants located in Ratlam, Madhya Pradesh, equipped with essential machinery and an in-house testing facility. While KIL has expanded its wire division capacity significantly and ventured into new product lines like Post-Tensioning Anchorage and HDPE Single Wall Corrugated (SWC) Sheathing Ducts, its foray into real estate, through the acquisition of commercial properties in Surat and Vadodara, reflects an effort to diversify its revenue base.
Financially, KIL's performance has been modest, with total income/net profit figures of Rs. 250.49 cr./Rs. 7.38 cr. (FY22), Rs. 333.93 cr./Rs. 7.78 cr. (FY23), and Rs. 341.49 cr./Rs. 10.02 cr. (FY24). The company's average EPS over the past three fiscal years stands at Rs. 5.57, and it has reported an average RoNW of 22.63%. Despite these figures, the IPO is priced at a P/E of 20.65 based on FY24 earnings, which appears aggressive given the company's performance. The IPO aims to raise Rs. 54.58 cr., with funds allocated for plant and machinery capex, debt repayment, and general corporate purposes.
Given the average financial performance and the high valuation, the IPO seems to be aggressively priced. The company's diversification into real estate, while potentially beneficial, adds a layer of risk. Additionally, discrepancies in the IPO documentation raise concerns about the overall preparedness and clarity of the offering. Therefore, investors may consider skipping this high-risk, low-return issue.
Kataria Industries IPO Subscription Status (Bidding Details)
Table not foundKataria Industries IPO Broker Recommendations
- Capital Market: To be updated soon
- Anand Rathi: To be updated soon
- SMC Global: To be updated soon
- Arihant Capital: To be updated soon
Kataria Industries IPO FAQs
What is Kataria Industries IPO?
Kataria Industries is issuing 5,685,000 equity shares with a face value of ₹10 each, totaling up to ₹54.58 Cr. The shares are being offered at a price of ₹91 to ₹96 each, with a minimum order quantity of 1200 shares.
Bigshare Services Pvt Ltd is the registrar for the IPO, and the shares are planned to be listed on the BSE and NSE.
When Kataria Industries IPO will open?
Kataria Industries will open on July 16, 2024 for QIB, NII, and Retail Investors.
When Kataria Industries IPO will end?
Kataria Industries will end on July 19, 2024.
What is Kataria Industries IPO Size?
Kataria Industries IPO size is ₹54.58 Cr.
What is Kataria Industries IPO Price Band?
Kataria Industries price band is ₹91 to ₹96 per share.
What is the Kataria Industries IPO Allotment Date?
Kataria Industries allotment date is July 22, 2024.
What is the Kataria Industries IPO Listing Date?
Kataria Industries listing date is July 24, 2024. The IPO is to be listed on BSE and NSE.
How to Kataria Industries IPO through Zerodha?
To apply for the IPO “Kataria Industries” on Zerodha, log in to the Zerodha website or app, go to the Portfolio section, and click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Zerodha.
How to Apply Kataria Industries IPO through Upstox?
To apply for the IPO “Kataria Industries” on Upstox, log in to the Upstox website or app, click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Upstox.
How to check Kataria Industries IPO Allotment Status?
For Kataria Industries IPO Allotment status check you can visit this link, select the desired IPO and enter your PAN to check the allotment status.
What is Kataria Industries IPO GMP?
You can check out here: Kataria Industries IPO GMP