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Kataria Industries IPO Opens Today: Check Latest GMP, Price Band, And Other Details

Kataria Industries is set to launch its Initial Public Offering (IPO) on July 16, 2024, with the subscription period closing on July 19, 2024. The IPO aims to raise Rs 54.58 crores through a fresh issue of 56.85 lakh shares.

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Kataria Industries IPO Price Band And Minimum InvestmentThe IPO price band is set between Rs 91 and Rs 96 per share. Retail investors can apply for a minimum lot size of 1,200 shares, requiring an investment of Rs 115,200. High Net-worth Individuals (HNIs) must invest in a minimum of two lots, equating to 2,400 shares and Rs 230,400.

Kataria Industries IPO Allotment And Listing DateThe allotment of shares is expected to be finalized on July 22, 2024, with the tentative listing date on the NSE SME slated for July 24, 2024.

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Kataria Industries IPO GMPAs per multiple websites that track the grey market premium activities, the shares of Kataria Industries IPO are commanding a GMP in the price range of Rs 40 – Rs 50 in the unlisted market.

Interactive Financial Services Ltd is the book-running lead manager, while Bigshare Services Pvt Ltd serves as the registrar for the issue.

Founded in 2004, Kataria Industries Limited specializes in manufacturing and supplying a variety of construction and engineering materials. These include Low Relaxation Pre-stressed Concrete (LRPC) Strands, Steel Wires, Post-tensioning (PT) Anchorage Systems, HDPE Single-Wall Corrugated (SWC) Sheathing Ducts, Couplers, and Aluminium Conductors.

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Their products are utilized across various sectors such as infrastructure, roads, bridges, flyovers, metros, railways, high-rise buildings, atomic reactors, LNG tanks, and power transmission and distribution lines.

The company’s product portfolio includes LRPC Strands, polymer-coated grease/wax-filled LRPC Strands, and galvanized LRPC Strands, among others. Kataria Industries aims to leverage the IPO to expand its operations and solidify its presence in the infrastructure sector.

(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. Times Now Digital suggests its readers/audience to consult their financial advisors before making any money related decisions.)

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