Kataria Industries Launches Rs 54.58 Crore IPO
Kataria Industries, based in Ratlam, has set the price range for its Rs 54.58-crore IPO at Rs 91-96 per share. Open for public subscription from July 16-19 with anchor bidding starting on July 15, the IPO will list on the NSE SME Emerge platform by July 24.
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- Country:
- India
Ratlam-based Kataria Industries has fixed the price band at Rs 91 to Rs 96 per share for its Rs 54.58-crore initial public offering, set to open for public subscription from July 16 to 19. Anchor investor bidding will begin on July 15, according to a company statement released on Sunday.
The IPO consists entirely of a fresh issue of 56.85 lakh shares, and these will be listed on the NSE SME platform Emerge by July 24. The issue is divided into 50 per cent for Qualified Institutional Buyers (QIBs), 35 per cent for retail investors, and 15 per cent for non-institutional investors.
Proceeds from the IPO will be used for capital expenditure on plant and machinery, debt repayment, and general corporate purposes. Investors can bid in minimum lots of 1,200 shares. Incorporated in 2004, Kataria Industries operates two manufacturing plants in Ratlam and specializes in LRPC Strands and Steel Wires, as well as PT Anchorage Systems. The company reported revenue of Rs 339.13 crore and EBIDTA of Rs 22.93 crore for 2023-24.
(With inputs from agencies.)
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