Top 3 Competitors of Kataria Industries

Kataria Industries’ IPO opened on July 16 and closed on July 19, with shares priced between ₹91–₹96. Investors could apply for a minimum of 1,200 shares, requiring ₹1,15,200 for retail participation. The IPO allocation was 50% for QIBs, 35% for retail investors, and 15% for NIIs. Founded in 2004, Kataria Industries specializes in steel wires, LRPC strands, PT anchorage systems, and aluminum conductors, catering to infrastructure, metro, bridges, LNG tanks, and power transmission projects.

The company operates two production units in Ratlam, Madhya Pradesh, with exports to Brazil, Dubai, and Oman. In FY 2023–24, it reported ₹339.13 crore in revenue, with ROCE at 17.40% and ROE at 24.53%. The IPO was subscribed 14.23 times overall, with retail participation at 25.14 times.

It raised ₹54.58 crore through an offer-for-sale of 5,685,000 shares, with proceeds intended for debt repayment and business expansion. The Grey Market Premium (GMP) of +₹50 suggests an expected listing price of ₹146 per share. The offering was managed by Bigshare Services Pvt Ltd and Interactive Financial Services Ltd. Kataria’s top competitors include Kamdhenu Ltd (P/E: 39.76), Incredible Industries Ltd (P/E: 45.19), and Bharat Wire Ropes Ltd (P/E: 33.88). Strong retail demand indicates potential listing gains, though investors are advised to conduct thorough research before investing. The IPO’s success highlights investor confidence in infrastructure and steel manufacturing growth.

CONTENT:

• Top 3 Competitors of Kataria Industries

Top 3 Competitors of Kataria Industries

Kataria Industries IPO Overview

Kataria Industries’ IPO subscription period began on Tuesday, July 16, and concluded on Friday, July 19. The shares, with a face value of ₹10, were priced in the range of ₹91 to ₹96 each. Investors could apply for a minimum of 1,200 shares, with additional shares available in multiples of 1,200.

The IPO allocation structure was as follows:

• 50% reserved for Qualified Institutional Buyers (QIBs)
• 35% allocated to Retail Investors
• 15% set aside for Non-Institutional Investors (NIIs)

Retail investors needed a minimum investment of ₹1,15,200 for the smallest lot, while High Net-Worth Individuals (HNIs) were required to bid for at least two lots (2,400 shares) at the highest price band, totaling ₹2,30,400.

Kataria Industries’ Business & Operations

Established in 2004, Kataria Industries Limited specializes in manufacturing and supplying Steel Wires, Low Relaxation Pre-stressed Concrete (LRPC) Strands, Post-tensioning (PT) Anchorage Systems, Couplers, and Aluminum Conductors made from HDPE Single-Wall Corrugated (SWC) Sheathing Ducts.

The company’s products are used in infrastructure projects, including bridges, flyovers, metro systems, high-rise buildings, atomic reactors, LNG tanks, and power transmission lines.

Kataria Industries operates two production units in Ratlam, Madhya Pradesh, equipped with modern machinery and internal quality testing facilities. It serves both domestic and international markets, exporting to Brazil, Dubai, Qatar, Nepal, Iran, Oman, and Bahrain.

Financial Performance & IPO Demand

For the 2023–24 fiscal year, Kataria Industries reported:

• Revenue: ₹339.13 crore
• Net Worth: ₹45.49 crore
• EBITDA: ₹22.93 crore
• Return on Capital Employed (ROCE): 17.40%
• Return on Equity (ROE): 24.53%

The IPO saw strong investor interest, with an overall subscription of 14.23 times by day 2.

• The retail portion was oversubscribed 25.14 times
• The NII category saw a subscription of 9.47 times

By 12:14 IST, investors had placed bids for 5,78,79,600 shares, compared to the 40,67,400 shares available.

IPO Offer & Listing Expectations

The ₹54.58 crore IPO was a complete offer-for-sale, involving the sale of 5,685,000 equity shares.

Proceeds from the IPO will be used for:

• Debt repayment
• Capital expenditure on new machinery and plant
• General corporate purposes

Bigshare Services Pvt Ltd served as the IPO registrar, and Interactive Financial Services Ltd acted as the book-running lead manager.

Grey Market Premium (GMP) & Expected Listing Price

According to InvestorGain.com, Kataria Industries’ Grey Market Premium (GMP) stood at +₹50, indicating strong demand.

Based on the upper IPO price band (₹96) and the ₹50 GMP, the expected listing price was projected to be ₹146 per share, reflecting a 52.08% premium over the issue price.

Top 3 Competitors of Kataria Industries

Based on the Red Herring Prospectus (RHP), Kataria Industries’ key competitors include:

1. Kamdhenu Ltd – P/E ratio: 39.76
2. Incredible Industries Ltd – P/E ratio: 45.19
3. Bharat Wire Ropes Ltd – P/E ratio: 33.88

These companies operate in steel manufacturing, wire ropes, and construction materials, making them direct competitors to Kataria Industries.