Kataria Industries Limited IPO Details
| Detail | Description |
|---|---|
| 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 | 1,200 Shares |
| Total Issue Size | 56,85,000 shares (aggregating up to ₹ 54.58 Cr) |
| Fresh Issue | 56,85,000 shares (aggregating up to ₹ 54.58 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Shareholding pre issue | 1,58,46,834 |
| Shareholding post issue | 2,15,31,834 |
About Kataria Industries Limited IPO
Kataria Industries is engaged in the manufacturing and supply of Low Relaxation Prestressed 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. Their wide variety of products is utilized in various sectors including Infrastructure, Roads – Bridges & Flyovers, Metros, Railways, High Rise Buildings, Atomic Reactors, LNG Tanks, Power Transmission & Distribution Lines, etc.
Their products are certified by ISO 9001:2015 for quality management systems. 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. Kataria Industries IPO price band is set at ₹91 to ₹96 per share. The minimum lot size for an application is 1200 Shares. 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.
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 |
Company & Financials
Incorporated in 2004, Kataria Industries Limited manufactures and supplies Low Relaxation Prestressed Concrete (LRPC) Strands and Steel Wires, Post-tensioning (PT) Anchorage System, 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
● Galvanized LRPC Strands
● Galvanized PE Coated LRPC Strands
● Specialized 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 serves both domestic and international customers and has exported goods to Dubai, Qatar, Nepal, Iran, Oman, Bahrain and Brazil.
Kataria Industries IPO Review
The company is primarily in the business of LRPC strands and steel wires manufacturing and marketing. Recently it diversified into the real estate segment to increase its income stream. It posted an average financial performance so far. Based on FY24 earnings, the issue appears aggressively priced. There is no harm in skipping this “High Risk/Low Return” issue.
Objectives of Kataria Industries IPO
The company proposes to utilize the Net Proceeds from the issue towards the following objectives:
● Capital Expenditure for plant and machinery.
● Repayment of Debt.
● General corporate purposes.
Kataria Industries Limited IPO Financial Information
Latest Revenue
34,148.63
₹ Crore
Profit After Tax
1,002.11
₹ Crore
Net Worth
4,549.56
₹ Crore
Total Borrowing
6,337.11
₹ Crore
| Period Ended | Assets | Revenue From Operations | Profit After Tax | Net Worth | Total Borrowing | ||||
|---|---|---|---|---|---|---|---|---|---|
| 31 Mar 2024 | 12,002.84 | 34,148.63 | 1,002.11 | 4,549.56 | 6,337.11 | ||||
| 31 Mar 2023 | 15,058.73 | 33,393.09 | 777.83 | 3,584.16 | 10,696.20 | ||||
| 31 Mar 2022 | 12,787.19 | 25,048.91 | 738.34 | 2,806.33 | 9,142.29 | ||||
| Amount in ₹ Crore | |||||||||
Kataria Industries Limited Key Performance Indicator
| 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 |
Frequently Asked Questions
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Competitive Strengths
Kataria Industries Limited IPO Timeline
| 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 |
IPO Lot Size
| Investors | No.of lots | Shares Offered | Max Bid Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹115,200 |
| Retail (Max) | 1 | 1200 | ₹115,200 |
| HNI (Min) | 2 | 2,400 | ₹230,400 |