Kataria Industries IPO price band set at Rs.91 to Rs.96/ share, bids start on July 16

Kataria Industries IPO subscription starts on Tuesday, July 16, 2024 and ends on Friday, July 19, 2024. The IPO is a book-built issue of Rs. 54.57 crores. The issue is entirely fresh issue of 56.85 lakh equity shares.

Kataria Industries IPO price band sets at Rs. 91 to Rs. 96 per equity shares with a face value of Rs.10 each. The allotment for the Kataria Industries IPO is expected to be finalized on Monday, July 22, 2024. Kataria Industries IPO will list on NSE SME (small and medium enterprises) with tempting listing date fixed as Wednesday, July 24, 2024.

The minimum order quantity of the issue is 1,200 equity shares. The minimum amount of investment required for Retail is ₹1,15,200. The minimum bid size for sHNI is 2 lots aggregating to ₹2,30,400. The company has reserved 50% shares of the issue for QIB’s (Qualified Institutional Buyers), 15% for NII’s (Non-institutional Investors) and 35% for Retail.

Interactive Financial Services Limited is book-running lead manager. Kotak Mahindra Bank Limited is sponsor bank to the IPO. Bigshare Services Pvt Ltd is registrar to the issue.

Readmore…Macobs Technologies IPO price band set at Rs.71 to Rs.75/share, bids start on July 12

Financials

Objects of the issue

• To fund capital expenditure requirements for the purchase of equipment/machineries;
• To repay the Debt – Rs. 46 crores;
• General Corporate Purposes.

About Kataria Industries Limited

Established in 2012, Katria Industries is one of the leading manufacturing organization of Wires and Strands. The company have variety range of products includes LRPC Strands, Steel Wires, Cables, and Conductors. From Infrastructure to Road Bridges, Metros to Real Estate, Construction to Power, and Energy to Agriculture, the company excel across multiple sectors, adding value and strength to each project it touch.