Kataria Industries is into Industrial Engineering Goods Manufacturing and is looking raise funds through Fresh Issue
Kataria Industries IPO Update:
Kataria Industries Limited IPO: Ratlam based Kataria Industries Limited established in the year 2004 and is into Industrial - Engineering Goods Manufacturing sector.
Company is promoted by Sunil Kataria, Arun Kataria and Anoop Kataria. Pre-Offer Promoter and Promoter group stake in the company is 100.%.
Kataria Industries Limited has filed Red Herring Prospectus (RHP) for proposed initial public offer (IPO). Total issue size is INR 55 Crores calculated on upper price band (face value of INR 10 per share) via initial public offering.
Initial Public Offer comprising of a Fresh Issue of upto 56,85,000 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.
Details about upcoming IPO:
As per the details available in RHP, Price band is Rs 91 to Rs 96 with lot size of 1,200 shares and in multiples thereof. Objects of the issue is 1) Capital Expenditure for Plant & Machinery - Rs1.75 Cr, 2) Repayment of Debt - Rs48 Cr., and 3) General corporate purposes.
IPO Dates:
IPO will open on July 16, 2024 and close on July 16, 2024. Tentative date of listing on stock exchanges is July 24, 2024
Want to know more details about the IPO, please visit here Kataria Industries Limited
Source: SEBI, BSE, NSE, DRHP, Kataria Industries, Industry Data
Disclaimer: Above article only publishes details about the IPO and for educational purpose only. It doesn't solicit or invite any interest to invest in any kind of securities. 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.
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