Kataria Industries' IPO: What Investors Need to Know

Kataria Industries has set the price range for its Rs 54.58-crore IPO at Rs 91 to Rs 96 per share.

The IPO will be open from July 16-19, with anchor investor bidding starting on July 15. The 5.685 million share issue will be listed on the NSE SME platform Emerge, with an expected listing date of July 24.

The allocation is divided into 50% for Qualified Institutional Buyers (QIBs), 35% for retail investors, and 15% for non-institutional investors.

Proceeds will be used for plant and machinery expenditure, debt repayment, and general corporate purposes.

Investors can bid for a minimum of 1,200 shares and multiples thereof.

Kataria Industries, founded in 2004, operates two manufacturing plants in Ratlam, Madhya Pradesh. The company produces Low Relaxation Pre-stressed Concrete (LRPC) Strands, Steel Wires, and Post-tensioning (PT) Anchorage Systems.

For 2023-24, it reported revenue of Rs 339.13 crore and EBITDA of Rs 22.93 crore. Interactive Financial Services Ltd is the lead manager, and Bigshare Services is the registrar for the IPO.

Details of IPO:

IPO Date: July 16 - 19, 2024

Investment: Rs 1,09,200

Lot Size: 12,00

Price Range: Rs 91- Rs 96

Issue Size: 54.58 Cr