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Kritika Wires Limited IPO

Add to Calendar 2018-09-26 12:00 AM 2018-10-01 12:00 AM Asia/Kolkata Kritika Wires Limited IPO Kritika Wires Limited India

Kritika Wires Limited is an ISO 9001:2008 certified company active in manufacturing superior grade galvanized steel wires and wire products that are used by several governments and private sectors that are spread across railways, power and infrastructures among others. Its products are inspected and approved by several NABL Accredited laboratories that include IDTL, NSIC & NTH Corporation.

Date of Incorporation: The company was incorporated as ‘Kanika Wires Private Limited’ on 31st May 2004 at Kolkata. Eventually, the company was reconstructed to a public limited company named ‘Kanika Wires Limited’ on 03rd May 2018.

Promoters of Kritika Wires Limited: Mr Mahesh Kumar Sharma, Mr Hanuman Prasad Agrawal, Alltime Suppliers Private Limited, R.A. Comptech Investment & Consultant Private Limited, Mohta Agencies Private Limited and Balaji Electrodes Private Limited are the promoters of Kritika Wires Limited.

Products and Services Offering: The company manufactures several wires categories that consist of

  • - Mild Steel Wire

    - Galvanized Steel Wire Strand

    - G.I. Stay Wire

    - HCGS Core Wire

      - Indented P.C. Wire

    Customer Segments: The companies clientele includes major industrial players such as Bajaj Electricals, Cabon, Godrej, Kalpatru and voltas among others.

Objects of Kritika Wires Limited IPO: The objectives of Kritika Wires Limited IPO are:

  • - To finance Working Capital Requirements.

  • - To meet General Corporate Expenses.

  • - To meet Issue Expenses.

Company Financials:

Summary of Financial Information (Restated)

Particulars

For the year/period ended (in Rs. Lakhs)


3 -Jan-17

3 -Mar-17

3 -Mar-16

3 -Mar-15

3 -Mar-14

Total Assets

13,039.56

11,376.69

11,572.92

9,428.75

9,762.51

Total Revenue

19,797.43

20,705.52

21,730.19

18,3339.74

14,911.27

Profit After Tax

430.99

266.65

104.85

42.98

101.19

Issue Detail

  • Issue Open: Sep 26, 2018
  • Issue Close: Oct 01, 2018
  • Issue Type: Fixed Price Issue IPO
  • Face Value: Rs 10 Per Equity Share
  • Price Band: Rs 32 Per Equity Share
  • Bid Lot:4000 Shares
  • Minimum Order Quantity:4000 Shares
  • Listing At: NSE SME
  • Issue Size: • Rs 15.40 Cr

Current Bidding Status

Number of Times Subscribed (BSE + NSE)
As on Date & Time QIB NII RII Employee Others Total
Shares Offered / Reserved - 2,280,000 2,280,000 - - 4,560,000
Day 1 - Sep 26, 2018IST - 1.93x 0.09x - - 1.01x
Day 2 - Sep 27, 2018IST - 2.24x 0.14x - - 1.19x
Day 3 - Sep 28, 2018IST - 2.79x 0.20x - - 1.50x
Day 4 - Oct 01, 2018IST - 3.45x 0.52x - - 1.99x

Listing Day Trading Information

- BSE NSE
Issue Price - Rs 32.00
Open - Rs 34.10
Low - Rs 32.75
High - Rs 34.10
Last Trade - Rs 33.70
Volume - 832,000

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