Kataria Industries IPO: Price Band, Lot Size, Financials & Review
Kataria Industries IPO listed on NSE on Wed, 24 Jul 2024. The issue was subscribed 393.87x overall.
- Open Date
- 16 Jul 2024
- Close Date
- 19 Jul 2024
Last updated
- Price band
- ₹91 – ₹96
- Lot size
- 1,200 shares
- Min. investment
- ₹2,30,400
- Issue size
- ₹54.58 Cr
- Last GMP
- +₹105
- Subscribed
- 🔥 393.87x
Kataria Industries IPO details
Kataria Industries IPO is a ₹54.58 Cr book-building IPO on the SME segment, listing on NSE. It is entirely a fresh issue of shares, so all the money raised goes to the company; there is no offer for sale by existing shareholders.
The issue was open from Tue, 16 Jul 2024 to Fri, 19 Jul 2024. Allotment was finalised on Mon, 22 Jul 2024, and the shares listed on NSE on Wed, 24 Jul 2024.
The price band is ₹91 to ₹96 per share and the lot size is 1200 shares, so the minimum retail application is ₹2,30,400. Retail investors can apply for up to 1 lots (1,200 shares, ₹1,15,200).
Bigshare Services Pvt Ltd is the registrar, and Interactive Financial Services Ltd is the book running lead manager.
Grey market premium (GMP)
Day-wise GMP →The last Kataria Industries IPO GMP before listing was +₹105 (+109.38% against the upper price band of ₹96), implying an estimated listing price of ₹201.
| Last GMP | +₹105 |
|---|---|
| GMP vs upper band | +109.38% |
| Estimated listing price | ₹201 |
Grey market trading is unofficial and unregulated. GMP is a sentiment indicator, not a guarantee of the listing price. See the Kataria Industries IPO day-wise GMP.
Subscription
Day-wise subscription →Kataria Industries IPO was subscribed 393.87x overall: NII 970.17x and retail 274.61x.
| Category | Subscribed |
|---|---|
| NII | 970.17x |
| Retail | 274.61x |
| 171.04x | |
| Total | 393.87x |
Final figures at the close of bidding on 19 Jul 2024. Category-wise bids, application-wise breakup and allotment chances are on the Kataria Industries IPO day-wise and category-wise subscription page.
Share reservation by category
| Category | Shares offered | Share of issue |
|---|---|---|
| Anchor Investors | 16,17,600 | 28.45% |
| Market Maker | 2,88,000 | 5.07% |
| Qualified Institutions | 10,81,000 | 19.01% |
| Non-Institutional | 8,09,000 | 14.23% |
| Retail Investors | 18,89,400 | 33.23% |
| Total | 56,85,000 | 100.00% |
Shares offered include the anchor investor portion, which is allotted a day before the issue opens. Subscription figures exclude anchors, so category sizes on the subscription page are smaller.
Kataria Industries IPO lot size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,200 | ₹1,15,200 |
| Retail (Max) | 1 | 1,200 | ₹1,15,200 |
| S-HNI (Min) | 2 | 2,400 | ₹2,30,400 |
Amounts at the upper end of the price band.
Issue structure and valuation
It is entirely a fresh issue of shares, so all the money raised goes to the company; there is no offer for sale by existing shareholders.
At the upper price band of ₹96, the issue is priced at 15.18x pre-issue earnings and 20.63x post-issue earnings per share.
The post-issue P/E is higher because the fresh issue adds new shares, which spreads the same profit over more shares.
| EPS (pre-issue) Latest earnings per share before the issue | ₹6.32 |
|---|---|
| P/E (pre-issue) Upper price band ÷ pre-issue EPS | 15.18x |
| EPS (post-issue) EPS on the enlarged share capital | ₹4.65 |
| P/E (post-issue) Upper price band ÷ post-issue EPS | 20.63x |
| Promoter holding (pre-issue) | 100.00% |
| Promoter holding (post-issue) | 0.00% |
Kataria Industries Limited financials
Between 31 Mar 2023 and 31 Mar 2024, Income rose from ₹33,393.09 Cr to ₹34,148.63 Cr, and profit after tax rose from ₹777.83 Cr to ₹1,002.11 Cr. The PAT margin for 31 Mar 2024 was 2.93%.
| Period ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | 12,002.84 | 15,058.73 | 12,787.19 |
| Total Income | 34,148.63 | 33,393.09 | 25,048.91 |
| Profit After Tax | 1,002.11 | 777.83 | 738.34 |
| Net Worth | 4,549.56 | 3,584.16 | 2,806.33 |
| Reserve & Surplus | 3,001.58 | 3,320.05 | 2,542.21 |
| Total Borrowings | 6,337.11 | 10,696.20 | 9,142.29 |
₹ in crore, as stated in the prospectus.
Key performance indicators
| KPI | The market capitalization of Kataria Industries IPO is Rs 206.71 Cr. |
|---|---|
| ROE % | 24.53 |
| ROCE % | 17.40 |
| Debt / Equity | 1.38 |
| RoNW % | 22.03 |
| PbW | 4.24 |
| Pat Margin % | 2.95 |
Objectives
The company intends to allocate the net proceeds from the offering to the following objectives.
| Sr | Objective |
|---|---|
| 1 | Capital Expenditure for plant and machinery. |
| 2 | Repayment of Debt |
| 3 | General corporate purposes |
About Kataria Industries Limited
Incorporated in 2004, Kataria Industries Limited manufactures and supplies Low Relaxation Pre-stressed Concrete (LRPC) Strands and Steel Wires, Post-tensioning (PT) Anchorage System (Anchor Cone, Anchor Head, and Wedges), HDPE Single-Wall Corrugated (SWC) Sheathing Ducts, Couplers, and Aluminum Conductors. The company's wide range of products is used in various sectors, including Infrastructure, Roads, Bridges, Flyovers, Metros, Railways, High-Rise Buildings, Atomic Reactors, LNG Tanks, Power Transmission, and Distribution Lines.
The product portfolio of the company comprises the following:-
LRPC Strands
Polymer-coated grease/wax-filled LRPC Strands
Galvanised LRPC Strands
Galvanised PE Coated LRPC Strands
Specialised LRPC Strands (19 Strands and Upto 23.00 mm)
The company has two manufacturing plants in Ratlam, Madhya Pradesh, both equipped with essential machinery, infrastructure, and in-house testing facilities to ensure our products meet standards.
The company's manufacturing facility is certified for quality management systems under ISO 9001:2015.
The company serves both domestic and international customers and has exported goods to Dubai, Qatar, Nepal, Iran, Oman, Bahrain, and Brazil.
As of December 31, 2023, the company employs 71 permanent workers in various departments.
Promoters
The promoters of the company are Sunil Kataria, Arun Kataria and Anoop Kataria.
Contact details
Kataria Industries Limited
34-38 and 44,
Industrial Area
Ratlam-457001
Phone: 07412 299407
Email: info@katariagroup.co.in
Website: https://www.katariaindustries.co.in/
Kataria Industries IPO FAQs
- What is the Kataria Industries IPO price band?
- The Kataria Industries IPO price band is ₹91 to ₹96 per share.
- What is the Kataria Industries IPO lot size and minimum investment?
- The Kataria Industries IPO lot size is 1200 shares. The minimum retail investment is ₹2,30,400 for one lot at the upper price band. Retail investors can apply for up to 1 lots (1,200 shares), costing ₹1,15,200.
- When was Kataria Industries IPO open for subscription?
- Kataria Industries IPO was open for subscription from Tue, 16 Jul 2024 to Fri, 19 Jul 2024.
- What is the Kataria Industries IPO subscription status?
- Kataria Industries IPO was subscribed 393.87x overall: NII 970.17x and retail 274.61x. Day-wise and category-wise figures are on the subscription page.
- What was the Kataria Industries IPO GMP before listing?
- The last Kataria Industries IPO GMP before listing was +₹105 (+109.38% against the upper price band of ₹96), implying an estimated listing price of ₹201. GMP is an unofficial grey market indicator and can change quickly.
- What is the Kataria Industries IPO allotment date?
- The Kataria Industries IPO basis of allotment was finalised on Mon, 22 Jul 2024. You can check your allotment status on the Bigshare Services Pvt Ltd website.
- What is the Kataria Industries IPO listing date?
- Kataria Industries IPO listed on NSE on Wed, 24 Jul 2024.
- Is the Kataria Industries IPO a fresh issue or an offer for sale?
- It is entirely a fresh issue of shares, so all the money raised goes to the company; there is no offer for sale by existing shareholders.
- Who are the registrar and lead managers of the Kataria Industries IPO?
- The registrar for the Kataria Industries IPO is Bigshare Services Pvt Ltd, and the book running lead manager is Interactive Financial Services Ltd.
Data is compiled from the prospectus, stock exchanges and market sources and is for information only. It is not investment advice; read the RHP before applying.