Geekay Wires IPO

Geekay Wires IPO

Geekay Wires IPO

Geekay Wires IPO

Geekay Wires has been in the business of manufacturing high quality galvanized steel wires and wire products and has been meeting the requirement of various clients in the government and private sectors like power, construction, automobile, general engineering and domestic segments. The company was taken over by the Kandoi Family in 2012 and it has over the recent past ramped up production capacities.

Today; the company is an ISO 9001: 2008 certified, manufacturer, exporter and supplier of the superlative wires and cables like galvanized wire, earth wire, stay wire, ACSR steel core, cable armoured wire, guy strand, barbed wire, spring steel wire, patented wire, detonator wire, and spring steel wire, nails and fasteners etc.  With robust infrastructure & testing facilities, it is in the preferred-vendor list of PGCIL and in many State Transmission & Distribution Companies, electrical contractors, corporate engaged in turnkey business of creating infrastructure for power transmission & distribution, cable & conductor manufacturing, etc.

In FY 2016-17, installed capacity in its Unit I was 18,000 MTS p.a. It has recently completed an expansion project at Unit I as well as has set up a ‘nails’ manufacturing unit (“Unit II”) and hence its current aggregate installed capacity is 30,000 MTS p.a. (24,000 MTS p.a. for Unit I and 6,000 MTS p.a. for Unit II). Further, it plans to increase the capacity of Unit I to 36,000 MTS p.a. and of Unit II to 15,000 MTS p.a. by the end of 2019-20.

Promoters of Geekay Wires – Ghanshyam Dass, Ashish Kandoi, Anuj Kandoi and Kandoi Industries India Private Limited

Geekay Wires IPO details

Subscription Dates9 - 14 August 2017
IPO Price bandINR33 per share
Fresh issue 3,332,000 shares (INR10.99 crore)
Offer for sale Nil
Total IPO size3,332,000 shares (INR10.99 crore)
Minimum bid (lot size)4,000 shares
Face Value INR10 per share
Retail Allocation50%
Listing OnNSE Emerge SME platform

Geekay Wires' financial performance (in INR lakh)

FY2013FY2014FY2015FY2016FY2017
Total revenue2,680.24,024.76,112.18,105.66.715.6
Total expenses2,659.54,000.16,083.88,008.96,619.1
Profit after tax18.117.022.565.165.3

Geekay Wires Contact Details

Geekay Wires Limited
11-70/5, G.P. Complex,
Balanagar
Hyderabad - 500 018

Phone: +91 40 – 23778090
Email: [email protected]
Website: www.geekaywires.com

Geekay Wires IPO Subscription Details

Day

Subscription (no. of times)

Day 10.31
Day 20.52
Day 31.12
Day 41.35

 

Geekay Wires Valuation (latest FY)

Earnings Per Share (EPS): INR1.31

Price/Earnings (P/E) ratio: 25.19

Return on Net Worth (RONW): 9.73%

Net Asset Value (NAV): INR13.42 per share

Registrar of Geekay Wires IPO

Bigshare Services Private Limited 
E2, Ansa Industrial Estate, Sakivihar Road,
Sakinaka, Andheri (E),
Mumbai – 400 072

Phone: +91 22 4043 0200 
Fax: 
+91 22 2847 5201
Email:
[email protected]
Website: www.bigshareonline.com

Geekay Wires IPO Allotment Status

Geekay Wires IPO allotment status will be available on Bigshare Services' website. Click on this link to get allotment status.

LISTING PERFORMANCE OF Geekay Wires IPO

IPO Opening Date: 9 August 2017

IPO Closing Date: 14 August 2017

Finalisation of Basis of Allotment: 21 August 2017

Initiation of refunds: 22 August 2017

Transfer of shares to demat accounts: 23 August 2017

Listing Date: 24 August 2017

Listing Price on NSE SME: To be updated

Closing Price on NSE SME: To be updated

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