Traffic safety solutions provider Kataline files IPO papers with Sebi

Kataline Ltd has taken a significant step by filing draft papers with Sebi for an Initial Public Offering (IPO), aimed at amplifying its operational capabilities. This IPO will feature both a fresh issue and an Offer For Sale from the promoters, Amit and Ketaki Thatte. The company is set to utilize the raised funds for enhancing working capital and upgrading its manufacturing facilities.