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Ratlam-based Kataria Industries will launch its Rs 54.58 crore IPO on July 16, with a price band set at Rs 91 to Rs 96 per share. Public subscription for the IPO will be open from July 16-19, while anchor investors can start bidding on July 15. The IPO involves a fresh issue of 5.685 million shares, which will be listed on the NSE SME platform Emerge, expected on July 24.
The IPO allocation includes 50% for Qualified Institutional Buyers (QIBs), 35% for retail investors, and 15% for non-institutional investors.
Funds raised will be used for capital expenditures, debt repayment, and general corporate purposes. At the top price band, the company aims to raise Rs 54.58 crore. Investors can bid for a minimum of 1,200 shares.
Founded in 2004, Kataria Industries operates two manufacturing plants in Ratlam, Madhya Pradesh, producing Low Relaxation Pre-stressed Concrete (LRPC) Strands and Steel Wires, and Post-tensioning (PT) Anchorage Systems.
For the financial year 2023-24, the company reported revenues of Rs 339.13 crore and an EBITDA of Rs 22.93 crore. Interactive Financial Services Ltd is managing the IPO, with Bigshare Services as the registrar.
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