IPO Details

Bidding Dates

16 Jul '24 - 19 Jul '24

Minimum Investment

₹1,15,200 / 1 Lot ( 1,200 Shares )

Price Range

₹91 - ₹96

Maximum Investment

₹1,15,200 / 1 Lot ( 1,200 Shares )

Retail Discount

To be announced

Issue Size

₹54.58 Cr

Investor category and sub category

Qualified Institutional Buyers  |   Retail Individual Investors  |   Non-institutional Investor  |  

IPO Dates

Important dates with respect to IPO allotment and listing

IPO Open Date

To be announced

IPO Close Date

Jul 19, 2024

Basis of Allotment

Jul 22, 2024

Initiation of Refunds

Jul 23, 2024

Credit of Shares to Demat

Jul 23, 2024

Listing Date

Jul 24, 2024

Cut-off time for UPI mandate confirmation

Jul 19, 2024

About Kataria Industries Ltd

Incorporated in 2004, Kataria Industries Limited is a prominent manufacturer and supplier specializing in Low-Relaxation Pre-Stressed Concrete (LRPC) Strands and Steel Wires, Post-tensioning (PT) Anchorage Systems, HDPE Single-Wall Corrugated (SWC) Sheathing Ducts, Couplers, and Aluminum Conductors.

Their comprehensive product range serves diverse sectors, including infrastructure, roads, bridges, flyovers, metros, railways, high-rise buildings, atomic reactors, LNG tanks, power transmission, and distribution lines.

Kataria Industries' product portfolio includes LRPC Strands, polymer-coated grease/wax-filled LRPC Strands, galvanised LRPC Strands, galvanised PE-coated LRPC Strands, and specialised LRPC Strands (19 strands and up to 23.00 mm).

The company operates two manufacturing plants in Ratlam, Madhya Pradesh, equipped with essential machinery, infrastructure, and in-house testing facilities to ensure products meet stringent quality standards. The manufacturing facility is certified under ISO 9001:2015 for quality management systems.

Serving both domestic and international markets, Kataria Industries has exported its products to countries such as Dubai, Qatar, Nepal, Iran, Oman, Bahrain, and Brazil.

As of December 31, 2023, the company employs 71 permanent workers across various departments, emphasising a strong commitment to quality and customer satisfaction. Kataria Industries continues to play a vital role in advancing infrastructure projects worldwide.

Industry Outlook:

  1. The machine tools market is projected to reach $2.5 billion by 2028, growing at a CAGR of 9.4% during 2023-28.
  2. India’s engineering goods export is set to reach $200 billion by 2030, with engineering R&D market increasing from $36 billion in FY19 to $63 billion by FY25.

Kataria Industries Limited IPO Objectives

The company plans to allocate the net proceeds from the issuance to the following purposes:

  1. Capital Expenditure for the purchase of machineries
  2. Repayment of Debt
  3. General Corporate Purpose
  4. Meeting Public Issue Expenses

Peer Details

The companies considered by Kataria Industries as its peers include:

  1. Kamdhenu Limited
  2. Incredible Industries Limited
  3. Bharat Wire Ropes Limited

How to Check the Allotment Status of the Kataria Industries Limited IPO?

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  • Go to the individual order details page of the IPO that you had applied for.
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Contact Details of Kataria Industries Limited IPO

  • Registered office: 34-38 and 44, Industrial Area, Ratlam, Madhya Pradesh-457001 India
  • Phone: 07412 299407, 07412 261012
  • E-mail: info@katariagroup.co.in

IPO Financials

Particulars Year ending on March 31, 2024 Year ending on March 31, 2023 Year ending on March 31, 2022
Total Revenue (in ₹ lakh) 33,912.72 33,182.94 24,963.10
Profit After Tax (PAT) (in ₹ lakh) 1,002.11 777.83 738.34
Cash & Cash Equivalents (in ₹ lakh) 416.20 510.20 284.46
Net Worth (in ₹ lakh) 4,549.56 3,584.16 2,806.33
Debt Equity Ratio (x) 1.38 2.98 3.26
Return on Equity (%) 24.53 24.34 30.30
Return on Capital Employed (RoCE) (%) 17.40 9.31 12.23
Diluted Earning Per Share (EPS)-in absolute ₹ 6.32 4.91 4.66

Know before investing

Strengths

6

  1. Approved supplier for key government and commercial infrastructure projects.

  2. Supplies for major metro projects like Bullet Train and Chennai Metro.

  3. ISO 9001:2015 certified manufacturing facility ensuring top quality control.

  4. Comprehensive product range, including PT anchorage and sheathing ducts.

  5. Wide geographical reach with exports to Dubai, Qatar, Iran, and Brazil.

  6. Achieved export revenue of 4.45% in FY 2023-24.

Risks

7

  1. Capital expenditure delays could lead to cost and time overruns.

  2. Raw material supply disruptions may affect operations and profitability.

  3. Contingent liabilities could negatively impact financial conditions if realised.

  4. Dependence on top 10 customers for 51.72% of revenue.

  5. Promoters' personal guarantees revocation risks financial and operational impact.

  6. New public company status increases compliance and reporting requirements.

  7. Operational delays from obtaining and renewing necessary permits and licenses.

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Kataria Industries IPO FAQs

What is Kataria Industries Ltd's IPO?

Kataria Industries Limited IPO is a Book Built IPO. The IPO will be open from July 16, 2024, to July 19, 2024.

When will Kataria Industries Ltd's IPO be allotted?

The Basis of Allotment will happen on Monday, July 22, 2024.

When will Kataria Industries Ltd's IPO open for subscription?

The IPO subscription window will open on July 16, 2024.

What minimum lot size can retail investors subscribe to?

The minimum lot size retail investors can subscribe to is 1 lot, and the lot size is 1,200 shares.

When will Kataria Industries Ltd list on exchanges?

The listing date for Kataria Industries is Wednesday, July 24, 2024.

What would be the listing gains on the Kataria Industries Ltd IPO?

Listing gains cannot be ascertained before the listing of the IPO on the stock exchange.

I have finished the application process for the Kataria Industries Ltd IPO, but the funds still need to be debited. What is the reason?

Initially, the bank will only block the amount in your account. The money will not be debited until the stocks are allotted to you.

How do I approve the UPI mandate request for Kataria Industries Ltd's IPO?

You must complete the payment process by logging in to your UPI handle and approve the payment mandate.

Can I submit more than one application for the public issue of Kataria Industries Ltd using one PAN?

You can submit only one application using your PAN card.