Ratlam based Engineering Services Company Kataria Industries files DRHP with SEBI for the proposed IPO; Key Details here

Kataria Industries is into Industrial Engineering Goods Manufacturing and is looking raise funds through Fresh Issue

Kataria IndustriesIPO: Fresh Issue of 9,150,000 Equity Shares through public issue IPO

Kataria Industries IPO: Kataria Industries Limited has filed Draft Red Herring Prospectus (DRHP) for proposed initial public offer (IPO) and raise funds through an offer of equity share capital having face value of Rs. 10 per share via initial public offering.

Promoters of Kataria Industries are Sunil Kataria, Arun Kataria and Anoop Kataria and holds 100% stake in the company.

Key Details:

• Initial Public Offer comprising of a Fresh Issue of upto 91,50,000 Equity Share.
• Interactive Financial Services Ltd. have been appointed as lead merchant bankers for the proposed IPO.
• It has appointed Bigshare Services Pvt. Ltd. as Registrar and Share transfer Agent.
• Company is yet to finalize issue size and some other important details relating to the IPO.

Details about upcoming IPO:
As per the details available in DRHP, fundraising will consist of an Fresh Issue of up to 9,150,000 Equity Shares.

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Objects of the issue:
1) Capital Expenditure for Plant & Machinery - Rs1.75 Cr, 2) Repayment of Debt - Rs48 Cr., and 3) General corporate purposes.

About Company:
Established in 2004, Kataria Industries Limited is a manufacturing organization that specializes in manufacture of various steel wire products. It manufactures and processes Low Relaxation Pre-stressed Concrete (LRPC) Strands and Steel Wires. It also produces Post-tensioning (PT) Anchorage System components such as Anchor Cones, Anchor Heads, and Wedges, HDPE Single-Wall Corrugated (SWC) Sheathing Ducts, Couplers, and Aluminum Conductors.
Company has two manufacturing plants based in Ratlam (MP).

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About Industry:
Infrastructure is a key enabler in helping India become a US $26 trillion economy. Investments in building and upgrading physical infrastructure, especially in synergy with the ease of doing business initiatives, remain pivotal to increase efficiency and costs.
India’s power sector is one of the most diversified in the world. Sources of power generation range from conventional sources such as coal, lignite, natural gas, oil, hydro and nuclear power, to viable non-conventional sources such as wind, solar, agricultural and domestic waste.
India’s Capital Goods manufacturing industry serves as a strong base for its engagement across sectors such as Engineering, Construction, Infrastructure and Consumer goods, amongst others.
The engineering sector is the largest of the industrial sectors in India. It accounts for 27% of the total factories in the industrial sector and represents 63% of the overall foreign collaborations. Demand for engineering sector services is being driven by capacity expansion in industries like infrastructure, electricity, mining, oil and gas, refinery, steel, automobiles, and consumer durables.

Source: SEBI, BSE, NSE, DRHP, Kataria Industries, Industry Data

Disclaimer: Above article only publishes details about the IPO for educational purpose and doesn't solicit or invite any interest to invest. Please visit respective sources to verify and know more details about the IPO. We advise investors to take opinion from certified/SEBI registered experts before taking any investment decisions.