Kataria Industries, a company specializing in manufacturing and supplying Low Relaxation Pre-stressed Concrete (LRPC) Strands and Steel Wires, is launching an IPO with a book-built issue of Rs 54.58 crores. This IPO is entirely a fresh issue of 56.85 lakh shares.
The Kataria Industries IPO will be open for subscription from July 16, 2024, to July 19, 2024. The allotment is expected to be finalized on Monday, July 22, 2024, with the shares listing on NSE SME on Wednesday, July 24, 2024.
The price band for the Kataria Industries IPO is set between ₹91 and ₹96 per share. Investors can apply for a minimum lot size of 1200 shares, requiring a minimum investment of ₹115,200 for retail investors. High Net Worth Individuals (HNIs) need to invest in a minimum of 2 lots (2,400 shares), amounting to ₹230,400.
Interactive Financial Services Ltd is the book-running lead manager for the Kataria Industries IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.
Kataria Industries IPO is a book-built issue of Rs 54.58 crores. The issue is entirely a fresh issue of 56.85 lakh shares. Kataria Industries operates in the manufacturing sector.
Kataria Industries IPO Details:
| Company Name | Kataria Industries Limited |
| Sector | Manufacturing |
| IPO Type | SME |
| IPO Open date | 16th July 2024 |
| IPO Close date | 19th July 2024 |
| OFS | |
| Listing Exchanges | NSE |
| Share Holding Pre-issue | |
| DRHP Draft Prospectus | Click to check |
| RHP Draft Prospects | Click to check |
Kataria Industries IPO Lot Size:
| Application | Lot Size | Shares | Amount |
| Retail (Min) | 1 | 1200 | 1,15,200 |
| HNI (Min) | 2 | 2400 | 2,30,400 |
Kataria Industries IPO Timeline:
| IPO Open Date | 16th July 2024 |
| IPO Close Date | 19th July 2024 |
| Basis of Allotment | 20th July 2024 |
| Refund Initiation Date | 23rd July 2024 |
| Shares Credit to Demat | 23rd July 2024 |
| Listing Date | 24th July 2024 |
Things to Consider before applying for an IPO
Financial Performance: Review Kataria Industries’s financials to understand its revenue, profitability, and growth prospects.
Industry Outlook: Consider the overall health of India’s Manufacturing industry.
Valuation: Compare the price band to similar companies in the industry to see if the IPO is priced fairly.
Management Team: Research the experience and capabilities of the management team.
Our Verdict
This IPO offers a good opportunity to invest in Kataria Industries and be a part of its growth.
FAQ
What is Grey Market Premium (GMP)?
The Grey Market Premium (GMP) represents the price at which an Initial Public Offering (IPO) is traded in the unregulated grey market before its official listing. It serves as an indicator of how the IPO might perform on the listing day. Seeing the latest GMP, investors can estimate the listing performance of the IPO.
