Kataria Industries IPO

IPO Details

Offer Opening Date : July 16, 2024

Offer Closing Date : July 19, 2024

Allotment Date : July 22, 2024

Listing Date : July 24, 2024

Issue Type: SME IPO

Face Value  : 10

Issue Price : ₹91.00-96.00

Market Lot : 1200 Shares

Total Issue Size : 5,685,000 shares

Purpose of the IPO

Kataria Industries proposes to utilize the Net Proceeds from the issue towards the following objects:
1. Capital Expenditure for purchase of machineries.
2. Repayment of Debt
3. General Corporate Purpose,
4. Meeting Public Issue Expenses.

Company Overview

Company History

Kataria Industries was incorporated in 2004 with the objective of manufacturing and supplying various types of ingots, including those made from iron, steel, copper, bronze, aluminum, and other ferrous and non-ferrous materials. We also focused on the drawing of wires, pipes, and tubes made from these materials, along with the production of various plastic products.

Initially, our company operated two separate divisions: the Plastic Division and the Wind Mill Division. However, to concentrate on our core business competencies and explore strategic growth options, we decided to transfer these divisions. Effective from October 1, 2013, the Plastic Division was transferred to Kataria Plastics Private Limited, and the Wind Mill Division to Shree Hanuman Mining Corporation Private Limited. This restructuring was done following an order passed on September 11, 2014, by the Hon’ble Madhya Pradesh High Court, in accordance with the Scheme of Arrangement and Demerger.

In the financial year 2022-23, we acquired a wind farm with a capacity of 0.80 MW located in Karnawad Village, Bagli Tehsil, in Dewas, Madhya Pradesh. This wind farm is used for captive consumption of electricity at our manufacturing plant in Ratlam, Madhya Pradesh. The acquisition was formalized through a Supplementary Power Purchase and Wheeling Agreement (PPWA) executed on October 18, 2022.

Company Overview

Kataria Industries is engaged in the manufacturing and supply of Low Relaxation Pre-stressed Concrete (LRPC) Strands and Steel Wires, Post-tensioning (PT) Anchorage Systems (including Anchor Cones, Anchor Heads, and Wedges), HDPE Single Wall Corrugated (SWC) Sheathing Ducts, Couplers, and Aluminium Conductors. Our wide variety of products are utilized in various sectors including Infrastructure, Roads – Bridges & Flyovers, Metros, Railways, High Rise Buildings, Atomic Reactors, LNG Tanks, Power Transmission & Distribution Lines, and more.

Our products are certified by ISO 9001:2015 for quality management systems. We operate two manufacturing plants, both situated in Ratlam, Madhya Pradesh. These plants are well equipped with essential machinery, infrastructure, and an in-house testing facility, ensuring that our products conform to the requisite standards.

Key Milestones

• FY 2019-20: We expanded our wire division capacity from 7,830 MT to 19,830 MT.
• FY 2021-22: We further increased our capacity to 38,000 MT. Additionally, we began the production of Post-tensioning Anchorage and SWC Sheathing Duct & Coupler to complement our LRPC steel strands.

Annual Capacity

•  Wire Division (LRPC strands and steel wires): 38,000 metric tons (MT)
• PTS Division: Anchor Head, Wedges, and Couplers: 7,92,000 units.
• HDPE SWC Duct Pipe: 9,00,000 meters
•  Conductor Division: 9,000 metric tons (MT)

Global Reach

During the last three fiscal years (FY 2020-21 to FY 2023-24), we have sold our products in India and internationally, including markets such as Dubai, Qatar, Nepal, Iran, Oman, Bahrain, and Brazil.

Financial Information

Statement of  Profit & Loss

Statement of Assets & Liabilities

Ratio Analysis

Contact Information

Registered office of  Company

KATARIA INDUSTRIES LIMITED
Address: 34-38 and 44, Industrial Area, Ratlam, Madhya Pradesh-457001 India,
Tel No: 07412 299407, 07412 261012
Website: www.katariaindustries.co.in
E-mail: info@katariagroup.co.in

Board of Directors of Company