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Kataria Industries Ltd IPO : Complete Information

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Kataria Industries Ltd IPO : Complete Information

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Kataria Industries Limited IPO announced by Kataria Industries Limited was established in 2004, that produces and distributes Steel Wires and Low Relaxation Pre-stressed Concrete (LRPC) Strands, Post-tensioning (PT) Anchorage Systems (Anchor Cone, Anchor Head, and Wedges), Couplers, and Aluminum Conductors made of HDPE Single-Wall Corrugated (SWC) Sheathing Ducts. Numerous industries, comprising infrastructure, roadways, bridges, bridges, subways, railways, skyscrapers, atomic reactors, LNG tanks, power transmission, and shipping lines, employ the company's extensive product line.

he company maintains two manufacturing facilities in Ratlam, Madhya Pradesh, both of which are outfitted with the tools, equipment, and internal testing facilities needed to guarantee that our goods live up to expectations. The company exports goods to Brazil, Dubai, Qatar, Nepal, Iran, Oman, and Bahrain in addition to serving both domestic and foreign clients. The corporation had 71 permanent employees by the end of December 2023, spread across several departments.

The IPO  details include the opening and closing dates for the subscription, the issue price, and the lot size. Investors are provided with insights into the company's financial performance, including its revenue, profit margins, and net worth over recent years. Additionally, the document outlines the potential risks and strengths associated with investing in Kataria Industries, such as market competition and economic conditions affecting its core business areas.

The Kataria Industries Ltd IPO is a significant opportunity for investors looking to invest in a growing manufacturing company with solid financial health and expansion prospects.

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Table of Contents

Kataria Industries Limited IPO announced by Kataria Industries Limited was established in 2004, that produces and distributes Steel Wires and Low Relaxation Pre-stressed Concrete (LRPC) Strands, Post-tensioning (PT) Anchorage Systems (Anchor Cone, Anchor Head, and Wedges), Couplers, and Aluminum Conductors made of HDPE Single-Wall Corrugated (SWC) Sheathing Ducts. Numerous industries, comprising infrastructure, roadways, bridges, bridges, subways, railways, skyscrapers, atomic reactors, LNG tanks, power transmission, and shipping lines, employ the company's extensive product line.

1.8% of India's GDP and 12% of its industrial output come from the capital goods industry. In FY22, the capital goods business was valued at US$43.2 billion on the market.

The following products are part of the company's product portfolio:
Polymer-coated grease/wax-filled LRPC Strands LRPC, Galvanized Strands Galvanized PE coated LRPC strands, LRPC strands that are specialized (19 strands and up to 23.00 mm).

The company maintains two manufacturing facilities in Ratlam, Madhya Pradesh, both of which are outfitted with the tools, equipment, and internal testing facilities needed to guarantee that our goods live up to expectations. The company exports goods to Brazil, Dubai, Qatar, Nepal, Iran, Oman, and Bahrain in addition to serving both domestic and foreign clients. The corporation had 71 permanent employees by the end of December 2023, spread across several departments.

Dear readers, we are pleased to provide details about the approaching IPO. The company plans to launch its IPO on July 16, 2024. Let's take a closer look at the IPO's offerings below.

Kataria Industries IPO is an SME book-built issue of Rs.54.58 crore a wholly Fresh Issue of 56.85 lac Shares (amounting to Rs.54.58 crore) out of which 35% is allocated to retail investors, 50% to institutional investors and 15% to non-institutional-investors.

The IPO will be available to investors on July 16, 2024, and conclude on July 19, 2024. The anticipated listing date for the IPO is Wednesday, July 24, 2024, and will be held on the NSE and SME. The price range of each Share is Rs.91 to Rs.96.
If you want to apply for the IPO, Click Here to Open a Demat Account.
The company's revenue increased by 2.26%, while profit after tax (PAT) increased by 28.83% during the financial years ending March 31, 2024, and March 31, 2023.

Below is the synopsis of the company's financial data for the financial year ending March 31, 2024.

The total revenue of the company is Rs.34,148.63 lac.

The net worth of the company is Rs.4,549.56 lac.

The company's EBITDA is Rs.2,293.85 lac.

The total assets of the company is Rs.12,002.84 lac.

The company's total Liabilities is Rs.756.50 lac.

(Amount in Lacs)
Revenue Bifurcation

Below is the revenue breakdown for various activities:
(Amount in Lacs)

Revenue Breakdown
Product-wise Revenue Breakdown
The company desires to use the Net Proceeds from the Issue to fulfill its following goals:
(Figures as of March 31, 2023)
The price of this IPO is Rs.91 to Rs.96 for each Share.
Evaluation Of P/E Ratio
Considering the FY 2023-2024, with EPS of Rs.6.32 from the last year, the resulting P/E ratio is 15.18x.

Considering the weighted EPS of Rs.5.57 for the last three years, the P/E ratio is 17.23x.

Comparative Analysis With Listed Peers

The average P/E Ratio of the industry is 39.54x.

In simple words, the P/E ratio of Kataria Industries Limited-IPO (15.18x and 17.23x) when compared with the industry's average P/E of 39.54x, has a undervaluation. Hence the price of the Share seems fairly priced for the investors when considered based on the average P/E ratio of the industry.

Approved supplier in various Government projects and other commercial projects.

Internal production site equipped with a strict quality assurance system.

The company offers a comprehensive range of products like PT anchorage and sheathing ducts along with LRPC strands.

Broad Geographical Reach: The company has reached export revenue of 4.45%, 2.63%, and 5.68% of the total revenue for the FYs 2023-24, 2022-23, and 2021-22, respectively, and has shipped goods to Iran, Oman, Bahrain, Brazil, Dubai, Qatar, and Nepal.

Knowledgeable promoter and capable management group

One of the main areas of concern is capital spending allocated for the purchase of machinery and equipment. Orders for the anticipated acquisition of these assets are not yet in the process of being initiated. Time and expense overruns could result from any prospective order placement delays or unanticipated difficulties with the vendors' capability to produce the machinery and equipment on time or at all.

Any shortages, delays, or disruptions in the raw material supply that the company depends on for its manufacturing process might have a significant negative impact on the company's operations, financial health, and cash flows.

There could be some unspecified obligations it holds, and if any of them materialize, it could harm its business and financial health.

Because of variables beyond its control, the price of the raw materials it utilizes in its production process can fluctuate. Price increases or decreases for raw materials could materially harm the company's operations, cash flows, financial situation, and business.

The purchases in 2021-2022 totaled Rs.19,667.14 lac, or 96.37% of its purchases; in 2022-2023 it spent Rs.27,357.14 lac or 93.42%; and in 2023-2024 Rs.22,778.64 lac or 92.54%, of its total purchases from the top 10 suppliers. The company cannot, however, guarantee that they will keep providing regularly at the same pace in the future. Any interruption in the material supply by one or more parties will harm the company's operations, profitability, and financial standing.

Kataria Industries Limited IPO's latest GMP is Rs.50.

Kataria Industries Limited IPO Timetable (Tentative)

The IPO is scheduled from July 16 to July 19, 2024, with allotment on July 22, refund initiation on July 23, and listing on July 24, 2024.

Kataria Industries Limited IPO Details

The IPO with a face value of Rs.10 per Share is set to start on July 16, close on 19 July, and offer a total issue size of 5,685,000 Shares of Rs.54.58 Cr comprising a wholly fresh issue size of 5,685,000 Shares (Rs.54.58 Cr).

Kataria Industries Limited IPO Lot Details

The IPO allows retail investors to invest in a minimum and maximum of 1 Lot (1200 Shares) amounting to Rs.115200 and in multiples thereof, while for HNI investors, the minimum Lot is 2 (2400 Shares) amounting to Rs.230400.

Kataria Industries Limited IPO Reservation

No dividends have been paid by the company since incorporation.

The company has seen negative cash flow in financing activities and investing activities in the last few financial years. The company desires to use the Net Proceeds from the Issue to finance the company's Capital Spending on equipment and Plant, Debt Repayment, and Corporate Goals in General. To fulfill its objectives, the company is currently conducting an IPO for the general public.

We believe the information offered in this blog helps you learn about the company's financial performance. So this blog will be very useful to you if you are looking for information about the approaching IPO since it will give you reliable information about the company's, insights, financials, and past performance. If this informative blog piques your interest, you may be interested in reading our other related and useful posts on our website.

Finowings IPO Analysis

Hope you enjoyed the Finowings IPO Analysis. We tried our best to give every required detail about the company that you should know before applying to the IPO.

You must consult your financial advisor before making any financial decisions.

To Apply for the IPO, Click Here.

To Read the Prospectus of the Company Click Here to Download the DRHP .

We believe this blog would be very beneficial to you if you are looking for such information related to this upcoming IPO since this blog would provide you with accurate information about the company's, insights, financials, and past performance. If this informative blog matches your interest, you might be interested in reading our other related useful blogs on our website.
Disclaimer: This IPO analysis is only for informational purposes and should not be considered as investment advice. Always do your research and consult with a financial advisor.
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Kataria Industries Ltd IPO: Review, Valuation, Date & GMP

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Discover Kataria Industries Ltd IPO, its financials, product offerings & investment opportunities. IPO's strengths, weaknesses & industry peers