Kataria Industries Ltd IPO: Review, Complete Analysis
Kataria Industries IPO is an SME book-built issue of Rs.54.58 crore a wholly Fresh Issue of 56.85 lac Shares (amounting to Rs.54.58 crore) out of which 35% is allocated to retail investors, 50% to institutional investors and 15% to non-institutional-investors.The IPO will be available to investors on July 16, 2024, and conclude on July 19, 2024. The anticipated listing date for the IPO is Wednesday, July 24, 2024, and will be held on the NSE and SME. The price range of each Share is Rs.91 to Rs.96.
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Kataria Industries Limited IPO Overview
Kataria Industries Limited, established in 2004, specializes in producing and distributing steel wires, LRPC strands, PT anchorage systems, and other related products. Serving a range of industries, including infrastructure, railways, power transmission, and more, the company exports to multiple countries and maintains two manufacturing facilities in Ratlam, Madhya Pradesh.
Key Details
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IPO Launch Date: July 16, 2024
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IPO Closing Date: July 19, 2024
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Anticipated Listing Date: July 24, 2024
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IPO Size: Rs. 54.58 crore
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Issue Type: Book Built Issue IPO
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Price Range: Rs. 91 to Rs. 96 per share
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Shares Offered: 56.85 lac shares
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Allocation: 35% retail investors, 50% institutional investors, 15% non-institutional investors
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Face Value: Rs. 10 per share
Objective of the Issue
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Capital Spending on Equipment and Plant
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Debt Repayment
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General Corporate Goals
Strengths
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Approved supplier for various government and commercial projects
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In-house production with a strict quality assurance system
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Wide product range and geographical reach
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Experienced promoter and capable management team
Weaknesses
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Concerns about capital spending for machinery and equipment
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Dependence on the timely supply of raw materials
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Potential fluctuations in raw material prices
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Unspecified obligations that may impact financial health
IPO Timetable
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IPO Opening Date: July 16, 2024
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IPO Closing Date: July 19, 2024
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Allotment Date: July 22, 2024
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Refund Initiation: July 23, 2024
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Listing Date: July 24, 2024
Kataria Industries Limited IPO aims to finance capital spending, debt repayment, and general corporate purposes. The company has shown an increase in revenue and profit, though it has faced negative cash flows in financing and investing activities. Potential investors should consider the financial performance and objectives of the issue before investing.
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