Kritika Wires IPO overview – Kritika Wires is an ISO 9001: 2008 certified manufacturer and supplier of high quality galvanized steel wires and wire products which are used by various clients in the government and private sectors like power, infrastructure, railway and many more industries. The products manufactured by the company are used for transmission and distribution of Electricity, manufacturing of concrete slippers, poles, bridges and other infrastructure facilities. It has two manufacturing facilities, situated at Dhulagarh Industrial Park, Kolkata, West Bengal.
The company’s plants are equipped with latest machinery and equipments, in-house testing facilities and qualified engineers. Its products are type tested & approved by various NABL Accredited laboratories like: IDTL, NSIC & NTH Corporation and are supplied as per the Indian Market Specification.
Promoters of Kritika Wires – Mr Naresh Kumar Agarwal, Mr Hanuman Prasad Agarwal, Alltime Suppliers Private Limited, R A Comptech Investment & Consultant Private Limited, Mohta Agencies Private Limited and Balaji Electrodes Private Limited
| Kritika Wires IPO details | |
| Subscription Dates | 26 September – 1 October 2018 |
| IPO Price band | INR32 per share |
| Fresh issue | 4,812,000 shares (INR15.40 crore) |
| Offer for sale | Nil |
| Total IPO size | 4,812,000 shares (INR15.40 crore) |
| Minimum bid (lot size) | 4,000 shares |
| Face Value | INR10 per share |
| Retail Allocation | 50% |
| Listing On | NSE Emerge SME platform |
Use of funds
- Working Capital Requirements – INR12.39 crore
- General Corporate Purpose – INR2.00 crore
- Issue Expenses – INR1.01 crore
| Kritika Wires’ financial performance (in INR crore) | ||||||
| FY2014 | FY2015 | FY2016 | FY2017 | FY2018 | ||
| Total revenue | 149.1 | 183.4 | 217.3 | 207.1 | 257.9 | |
| Total expenses | 147.5 | 182.7 | 215.3 | 202.9 | 250.0 | |
| Profit after tax | 1.01 | 0.43 | 1.05 | 2.67 | 4.94 | |
Kritika Wires’ Contact Details
Kritika Wires Limited
1A, Bonfield Lane
Mezanine Floor
Kolkata- 700001
Phone: +91 33 40037817
Email: [email protected]
Website: www.kritikawires.com
Kritika Wires IPO Subscription Details
| Day | Subscription (no. of times) |
| Day 1 | 0.96 |
| Day 2 | 1.12 |
| Day 3 | 1.42 |
| Day 4 | 1.89 |
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Kritika Wires Valuation (For FY2018)
Earnings Per Share (EPS): INR3.82
Price/Earnings (P/E) ratio: 8.38
Return on Net Worth (RONW): 12.66%
Net Asset Value (NAV): INR30.14 per share
Registrar of Kritika Wires IPO
Link Intime India Private Limited
C-101, 1st Floor, 247 Park
Lal Bahadur Shastri Marg, Vikhroli (West)
Mumbai – 400 083
Phone: +91 22 4918 6200
Fax: +91 22 4918 6195
Email: [email protected]
Website:Â http://www.linkintime.co.in
Kritika Wires IPO Allotment Status
Kritika Wires IPO allotment status is now available on Link Intime’s website. Click on this link to get allotment status.
Listing performance of Kritika Wires
IPO Opening Date: 26 September 2018
IPO Closing Date: 1 October 2018
Listing Date: 10 October 2018
Listing Price on NSE SME: INR34.1 per share (up 6.56% from IPO price)
Closing Price on NSE SME: INR35 per share (up 9.38% from IPO price)
