Kataria Industries IPO Day 1: Issue booked 3.56 times on strong retail demand; check details

The Kataria Industries IPO (Kataria Industries Limited) opened to strong demand on Tuesday, July 16. Within hours of launch, the public issue was fully subscribed to. The NSE SME IPO saw strong demand from retail investors.

The public issue was booked 3.56 times on the first day of bidding. The steel wire and allied products manufacturer's initial public offering (IPO) received bids for more than 1.44 crore shares compared to 40.67 lakh shares on offer, the NSE data showed.

Retail individual investors applied for over 90.44 lakh shares against 18.89 lakh shares set aside for the category, booking the portion 4.78 times. The NSE SME issue was subscribed 1.76 times in the Non-Institutional Investors’ category with applications for 19.35 lakh shares against 10.97 lakh shares set aside for the segment.

On the first day of subscription, the Qualified Institutional Buyers (QIB) placed no bids for Kataria Industries shares. The company has reserved 10.81 lakh shares for this category.

Kataria Industries IPO subscription is open from July 16 to July 19.

Kataria Industries IPO offer size, price band and minimum investment

Kataria Industries IPO is a book building issue worth ₹54.58 crore. The public offer comprises entirely a fresh issue of 56.85 lakh shares, including an anchor allocation of 16.17 lakh shares.

The Kataria Industries IPO price band has been fixed at ₹91 to ₹96 per share. Retail investors interested in applying for the Kataria Industries IPO can bid for a minimum lot size of 1,200 shares, which aggregates to an investment of ₹1,15,200. High-net-worth individuals (HNIs) can apply for a minimum of 2 lots consisting of 2,400 shares, which amounts to an investment of ₹2,30,400.

Kataria Industries IPO dates

Kataria Industries IPO subscription window is open from July 16 to July 19. Kataria Industries IPO allotment status is likely to be finalised on Monday, July 22. Refunds will be initiated for unsuccessful bidders on July 23 and shares will be credited in the Demat accounts of successful bidders the same day.

Shares of Kataria Industries IPO are likely to be listed on the NSE SME platform, Emerge, on July 24.

Kataria Industries Limited IPO registrar

The registrar for Kataria Industries IPO is Bigshare Services Pvt Ltd. The book-running lead manager for the issue is Interactive Financial Services Ltd.

Kataria Industries: Key financials

In FY24 Kataria Industries 2% increase in revenue at ₹341.48 crore compared to ₹333.93 crore in FY23. The company’s profit-after-tax surged to ₹10.02 crore in FY24, an increase of nearly 30% compared to ₹7.77 crore in FY23. In FY24, the company’s net worth grew nearly 27% to ₹45.49 crore compared to ₹35.84 crore in FY23.

Kataria Industries IPO objective

Kataria Industries plans to use the money raised via the public issue for capital expenditure such as the purchase of plant and machinery. The company will also use the proceeds of the public issue for repayment of debt and for other general corporate purposes.

About Kataria Industries Limited

Kataria Industries Limited was incorporated in 2004. The company is a manufacturer and supplier of products such as Low Relaxation Prestressed Concrete (LRPC) Strands and Steel Wires, Post-tensioning (PT) Anchorage System (Anchor Cone, Anchor Head, and Wedges) and other such products.

The company's products are used in various sectors such as Infrastructure, Roads, Bridges, Flyovers, Metros, Railways, High-Rise Buildings, Atomic Reactors, LNG Tanks, Power Transmission, and Distribution Lines. The company exports its products to countries like Dubai, Qatar, Nepal, Iran, Oman, Bahrain and Brazil.