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Geekay Wires IPO is a fixed price issue of ₹11.00 crores. The issue is entirely a fresh issue of 0.33 crore shares of ₹11.00 crore.
Geekay Wires IPO bidding started from Aug 9, 2017 and ended on Aug 14, 2017. The shares got listed on NSE SME on Aug 24, 2017.
Geekay Wires IPO price is ₹33.00 per share . The lot size for an application is 4,000. The minimum amount of investment required by an individual investor (retail) is ₹1,32,000 (4000 shares). The minimum lot size investment for HNI is 2 lots (8,000 shares), amounting to ₹2,64,000.
Aryaman Financial Services Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The market maker of the company is Aryaman Capital Markets Ltd..
Refer to Geekay Wires IPO RHP for detailed Information.
| IPO Date | August 9, 2017 to August 14, 2017 |
| Listing Date | August 24, 2017 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹33 per share |
| Lot Size | 4,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 33,32,000 shares (aggregating up to ₹11.00 Cr) |
| Reserved for Market Maker | 1,72,000 shares Aryaman Capital Markets Ltd. (aggregating up to ₹0.5676 Cr) |
| Net Offered to Public | 31,60,000 shares (aggregating up to ₹10.43 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 50,00,000 shares |
| Share Holding Post Issue | 83,32,000 shares |
Geekay Wires IPO offers total 33,32,000 shares. Out of which 15,80,000 (47.42%) allocated to NII, 15,80,000 (47.42%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,72,000 (5.16%) |
| NII (HNI) Shares Offered | 15,80,000 (47.42%) |
| Retail Shares Offered | 15,80,000 (47.42%) |
| Total Shares Offered | 33,32,000 (100.00%) |
Geekay Wires IPO opens on August 9, 2017, and closes on August 14, 2017.
| IPO Open Date | Wed, Aug 9, 2017 |
| IPO Close Date | Mon, Aug 14, 2017 |
| Tentative Listing Date | Thu, Aug 24, 2017 |
| Cut-off time for UPI mandate confirmation | 5 PM on Mon, Aug 14, 2017 |
Investors can bid for a minimum of 4,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 4,000 | ₹1,32,000 |
| Retail (Max) | 1 | 4,000 | ₹1,32,000 |
| HNI (Min) | 2 | 8,000 | ₹2,64,000 |
Incorporated in 1989, Geekay Wires Limited is engaged in manufactures and supplies of galvanized steel wires and wire products in India.
Geekay Wires is an ISO 9001: 2008 certified company who manufacturer, exporter and supplier of the superlative wires and cables, like galvanized wire, earth wire, stay wire, ACSR steel core, cable armored wire, guy strand, barbed wire, spring steel wire, patented wire, detonator wire, and spring steel wire etc and other wire products comprising barbed, hairclip, steel wool, umbrella rib, nail, stitching, patented, poultry, electrode, fan wires, etc.
They serves various clients in the government and private sectors comprising power, construction, automobile, general engineering, and domestic sectors. The company also exports its products.
The Company Geekay Wires IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | Long term working capital requirement | 9.66 |
| 2 | Expenditure for General Corporate Purposes | 0.84 |
[Dilip Davda] There is no harm in giving this highly priced issue a miss. The asking price is at a P/E of 42 and at a P/BV of 2.45. Thus issue pricing appears very greedy. Read detail review...
| Listing Date | August 24, 2017 |
| BSE Script Code | |
| NSE Symbol | GEEKAYWIRE |
| ISIN | INE669X01016 |
| Final Issue Price | ₹33 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹33.00 |
| Open | ₹33.35 |
| Low | ₹33.15 |
| High | ₹33.70 |
| Last Trade | ₹33.25 |
Geekay Wires Ltd.
11-70/5,
G.P. Complex,
Balanagar,
Hyderabad, Telangana, 500018
Phone: +91-40–23778090
Email: geekaywires@gmail.com
Website: http://www.geekaywires.com
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: investor@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Geekay Wires IPO is a SME IPO of 33,32,000 equity shares of the face value of ₹10 aggregating up to ₹11.00 Crores. The issue is priced at ₹33 per share. The minimum order quantity is 4000.
The IPO opens on August 9, 2017, and closes on August 14, 2017.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Geekay Wires IPO using UPI as a payment gateway. Zerodha customers can apply in Geekay Wires IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Geekay Wires IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Geekay Wires IPO opens on August 9, 2017 and closes on August 14, 2017.
Geekay Wires IPO lot size is 4000, and the minimum amount required for application is ₹1,32,000.
You can apply in Geekay Wires IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Geekay Wires IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Geekay Wires IPO allotment status.
The Geekay Wires IPO listing date is on Thursday, August 24, 2017.
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