Kataria Industries was incorporated on May 11, 2004. The company is engaged in the manufacturing and supply of low relaxation pre-stressed concrete strands and steel wires, post-tensioning anchorage systems, HDPE single wall corrugated sheathing ducts, couplers, and aluminium conductors. Its 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.
| Bidding Dates |
|---|
| 16 Jul 2024 - 19 Jul 2024 |
| Subscription |
|---|
| 366.06x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,09,200 | 1 | 1 | 1200 | 5.7 M | ₹91 - ₹96 | 73.6 % | ₹517.3 M - ₹545.8 M | RHP DOC |
Kataria Industries IPO SUBSCRIPTION STATUS
19 Jul '24Kataria Industries IPO overall subscription rate was 366.06 times the total available shares
Kataria Industries IPO retail subscription rate was 364.46 times in the retail segment
Kataria Industries IPO non-institutional investor subscription rate was 1286.91 times in the non-institutional investor category
Kataria Industries IPO Qualified Institutional Bidder subscription rate was 90.92 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
19 Jul 2024 (Day 3) | 364.46x | 1286.91x | 90.92x |
18 Jul 2024 (Day 2) | 68.34x | 42.37x | 0.26x |
16 Jul 2024 (Day 1) | 8.01x | 5.02x | 0x |
Kataria Industries FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) | Margins |
| FY24 | 100.2 | 3,391.3 | 625.4 | 472.9 | 6.7% |
| FY23 | 77.8 | 3,318.3 | 23.8 | -65.9 | 4.7% |
| FY22 | 73.8 | 2,496.3 | 55.4 | -60.4 | 7.3% |
Kataria Industries IPO SUBSCRIPTION STATUS DETAILS
Kataria Industries had 5.7 M shares on offer
Kataria Industries IPO offer price was in the range ₹91 - ₹96
Kataria Industries IPO minimum Investment was ₹109200
Kataria Industries IPO issue size was ₹ 517.3 M - ₹ 545.8 M
Kataria Industries had a minimum lot size of 1200 Shares per application
Kataria Industries NUMBER OF SHARES ON OFFER
Kataria Industries IPO IMPORTANT DATES
| Issue Open Date | 16 Jul 2024 |
| Issue close Date | 19 Jul 2024 |
| Allotment Date | 22 Jul 2024 |
| Refund Date | 23 Jul 2024 |
| Demat Account Credit Date | 23 Jul 2024 |
| Listing Date | 24 Jul 2024 |
| Listing on Exchange(s) | NSE |
| Kataria Industries Allotment Status | Exchange |
Kataria Industries IPO subscription opened on 16 Jul 2024, and closed on 19 Jul 2024
IPO allotment for Kataria Industries was finalized on Monday, 22 Jul 2024
IPO listing for Kataria Industries was on NSE on Wednesday, 24 Jul 2024
Kataria Industries IPO LISTING GAINS
| Issue Price (adjusted) | 96.0 |
| Listing Open Price | 182.4 |
| Listing Close Price | 191.5 |
| Listing Gain% | 90.0% |
| Current Gain% | 1.1% |
Kataria Industries Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Kataria Industries Ltd. | 97.1 | 209.1 | 17.2 | 1.6 | 0.6 | 10 | 7.9 | 332.6 | -5.5 | 12.1 | 10.7 | 5.6 | 10.7 |
| APL Apollo Tubes Ltd. | 1970 | 54698.7 | 44.5 | 0.8 | 2.4 | 22.7 | 13.6 | 23190.8 | 11.6 | 1203.1 | 58.9 | 44.3 | 53.4 |
| Welspun Corp Ltd. | 1839.8 | 48532.2 | 21 | 1.4 | 2.8 | 17.6 | 7.9 | 16905.4 | 19.3 | 1613 | -15.5 | 87.5 | 14.9 |
| Usha Martin Ltd. | 515 | 15695.7 | 31 | 1.2 | 4.1 | 14.1 | 11.1 | 3759.9 | 7 | 466 | 14.4 | 16.6 | 25.4 |
| Vedanta Iron and Steel Ltd. | 35.2 | 13768.5 | 0 | -191.6 | 0 | 0 | -28.4 | ||||||
| Technocraft Industries (India) Ltd. | 2693.5 | 6106.9 | 21.4 | 1.9 | 2.2 | 14.1 | 8.8 | 2860.8 | 6.1 | 285.3 | 11.4 | 125.8 | 11.4 |
Kataria Industries INFORMATION ON IPO ISSUE
About Kataria Industries
Kataria Industries was incorporated on May 11, 2004. The company is engaged in the manufacturing and supply of low relaxation pre-stressed concrete strands and steel wires, post-tensioning anchorage systems, HDPE single wall corrugated sheathing ducts, couplers, and aluminium conductors. Its 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.
Object of the Issue
- Capital expenditure for the purchase of machinery
- Repayment of debt
- General corporate purpose
- Meeting public issue expenses
Kataria Industries - PROMOTERS
| Name |
|---|
| Sunil Kataria |
| Arun Kataria |
| Anoop Kataria |
Kataria Industries Lead Manager of the Issue
Interactive Financial Services Limited
mbd@ifinservices.in
Kataria Industries Registrar to the issue
Bigshare Services Private Limited
ipo@bigshareonline.com
Kataria Industries Strengths
Wide geographical reach
The company cultivates a diverse client base and secures orders across various industries. It is catering to domestic customers as well as international customers
Range of products
The company offers a comprehensive range of products like PT anchorage and sheathing ducts along with LRPC strands
Stringent quality control
The manufacturing facility is ISO 9001:2015 certified for quality management systems. The company conducts testing at each step of the manufacturing process, ensuring adherence to the quality standards at our in-house testing facility
Kataria Industries Risks
Litigation proceedings
The company, its promoters, its directors, and its group companies are involved in litigation proceedings that may have a material adverse outcome
Contingent liabilities
The company has certain contingent liabilities and its financial condition and profitability may be adversely affected if any of these contingent liabilities materialize
IPO FAQs
The promoters of the company are Sunil Kataria, Arun Kataria and Anoop Kataria.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 91.0 - 96.0.
The IPO application opens on Jul 16, 2024 and closes on Jul 19, 2024.
The minimum lot size for the IPO is 1200. The maximum lot size for the IPO is 1200.
For all category investors, the minimum application amount for this IPO is Rs. 109,200.0, the maximum value for this IPO is Rs 115,200.0.
This IPO will be allotted on Jul 22, 2024.
The refund will be credited to your account on Jul 23, 2024.
The allotted shares will be credited to your demat on Jul 23, 2024.
Kataria Industries Ltd.’s shares listed on the stock exchanges on Jul 24, 2024.