Kataria Industries IPO Day 3: Issue booked over 100 times so far; check allotment and listing date

The initial public offering (IPO) of Kataria Industries has got a strong response from investors, with the issue being subscribed over 100 times on the final day of subscription.

The public offer has received bids for 40.86 crore shares as against 40.67 lakh equity shares on offer. The IPO has been subscribed 100.47 times so far on Day 3.

The retail portion was subscribed 133.56 times the reserved quota, while the non-institutional investors (NIIs) category was subscribed 136.39 times the reserved portion. The part reserved for qualified institutional buyers or QIBs was subscribed 6.18 times.

Kataria Industries IPO has set a price band at ₹91 to ₹96 per share. The issue, which went live on July 16, will close on July 19 at 5 pm,

The ₹54.58 crore IPO is entirely a fresh issuance of 56.85 lakh shares. The company's shares will debut on the NSE SME platform Emerge next week.

Kataria Industries IPO: Timeline

Bidding dates: June 16 to June 19 Allotment finalisation: July 22 Refund initiation: July 23 Demat transfer: July 23 Listing: July 24

About Kataria Industries

Kataria Industries produces low-relaxation pre-stressed concrete strands and steel wires, as well as post-tensioning anchorage systems. The company has two manufacturing plants in Ratlam, Madhya Pradesh.

Its products are sold in domestic and international markets such as the UAE, Qatar, Iran, Nepal, Oman, Brazil and Bahrain. The company also manufactures all kinds of ingots, including those made with iron, copper, steel, bronze, aluminium and other ferrous and non-ferrous materials.

In the financial year 2023-24 (FY24), the company had reported a revenue of ₹339.1 crore and EBIDTA of ₹22.93 crore.