Schedule of Kataria Industries
| Issue open date | 16 Jul 2024 |
| Issue close date | 19 Jul 2024 |
| UPI mandate deadline | 19 Jul 2024 (5 PM) |
| Allotment finalization | 22 Jul 2024 |
| Refund initiation | 23 Jul 2024 |
| Share credit | 23 Jul 2024 |
| Listing date | 24 Jul 2024 |
| Mandate end date | 03 Aug 2024 |
| Lock-in end date for anchor investors (50%) | 22 Aug 2024 |
| Lock-in end date for anchor investors (remaining) | 22 Oct 2024 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
About Kataria Industries
Established in 2004, Kataria Industries specializes in the production and distribution of Low Relaxation Pre-stressed Concrete (LRPC) Strands and Steel Wires, Post-tensioning (PT) Anchorage Systems (Anchor Cone, Anchor Head, and Wedges), HDPE Single Wall Corrugated (SWC) Sheathing ducts, Couplers, and Aluminium conductors. Their products are widely used in various domains including Infrastructure, roads, bridges, flyovers, metro railways, high-rise buildings, atomic reactors, LNG tanks, and power transmission/distribution lines. The company is ISO 9001:2015 certified, reflecting the high quality of its management systems.
The company has two manufacturing plants in Ratlam, Madhya Pradesh with an annual capacity of 38,000 metric tons (MT) for the Wire Division (LRPC strands and steel wires), 7,92,000 units for the PTS Division, 9,00,000 meters (MTR) for HDPE SWC Duct Pipe and 9,000 metric tons (MT) for Conductor Division. During the last three FY 2020-21 to FY 2023-24, The company has sold its products domestically and in several other countries across the globe including Dubai, Qatar, Nepal, Iran, Oman, Bahrain, and Brazil.
Financials of Kataria Industries
Issue size
| Funds raised in the IPO | Amount |
| Overall | ₹54.58 crores |
| Fresh issue | ₹54.58 crores |
| Offer for sale | – |
Utilisation of proceeds
| Purpose | INR crores (%) |
| Capital expenditure | 1.75 (3.2%) |
| Debt reduction | 46 (84.3%) |
| General corporate purposes | 6.83 (12.5%) |
*All figures except EPS are in ₹ crores
Strengths
- Approved supplier in various Government projects and other commercial projects: The company is an approved supplier for various Government projects and other commercial projects across sectors like Infrastructure, Roads – Bridges & Flyovers, Metro, Railways, High Rise Buildings, Atomic Reactors, LNG Tanks, Power Transmission & Distribution Line, etc.
- In-house manufacturing facility with stringent quality control mechanism: The company has an in-house manufacturing facility with ISO 9001:2015 certification for quality management systems to ensure seamless production from raw material to final product dispatch.
Risks
- Capital expenditure-related uncertainty: One of the focal points of concern pertains to capital expenditure earmarked for the acquisition of machinery and equipment. Currently, orders for the intended purchase of these assets have not been initiated. Any potential delays in placing orders or unforeseen challenges in the vendors’ ability to supply the equipment and machinery promptly, or at all, could lead to both time and cost overruns.
- Dependence on key clients: The company derives more than 51% of its revenues from the top 10 customers. The loss of any significant clients may adversely impact the business, financial condition, results of operations, and prospects.
Note:
- The above schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion.
- The allotment status will be available by July 23, 2024, on the registrar’s website and the NSE website.