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 Dates 9 - 14 August 2017
IPO Price band INR33 per share
Fresh issue 3,332,000 shares (INR10.99 crore)
Offer for sale Nil
Total IPO size 3,332,000 shares (INR10.99 crore)
Minimum bid (lot size) 4,000 shares
Face Value  INR10 per share
Retail Allocation 50%
Listing On NSE Emerge SME platform

Geekay Wires' financial performance (in INR lakh)

FY2013 FY2014 FY2015 FY2016 FY2017
Total revenue 2,680.2 4,024.7 6,112.1 8,105.6 6.715.6
Total expenses 2,659.5 4,000.1 6,083.8 8,008.9 6,619.1
Profit after tax 18.1 17.0 22.5 65.1 65.3

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

Phone: +91 40 – 23778090
Email: geekaywires@gmail.com
Website: www.geekaywires.com

Day

Subscription (no. of times)

Day 1 0.31
Day 2 0.52
Day 3 1.12
Day 4 1.35

 

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

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:
 ipo@bigshareonline.com
Website: www.bigshareonline.com

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

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: INR33.35 per share (up 1.06% from IPO price)

Closing Price on NSE SME: INR33.30 per share (up 1% from IPO price)

Geekay Wires IPO
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2 thoughts on “Geekay Wires IPO

  • August 14, 2017 at 5:48 PM
    Permalink

    Flop show

    Reply
    • August 15, 2017 at 8:40 PM
      Permalink

      Too early sir. Markets are making new highs.

      Reply

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