Fixed Price IPO | ₹11 Cr | Listed at NSE SME | Wed, Aug 9, 2017 - Mon, Aug 14, 2017
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Wed, Aug 9, 2017
IPO Close
Mon, Aug 14, 2017
Issue Price
₹33 per share
Market Cap (Pre-IPO)
₹27.50 Cr
| IPO Date | 9 to 14 Aug, 2017 |
| Listed on | Thu, Aug 24, 2017 |
| Face Value | ₹10 per share |
| Issue Price | ₹33 per share |
| Lot Size | 4,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Total Issue Size | 33,32,000 shares (agg. up to ₹11 Cr) |
| Reserved for Market Maker | 1,72,000 shares Aryaman Capital Markets Ltd. (agg. up to ₹0.5676 Cr) |
| Fresh Issue (Ex Market Maker) | 31,60,000 shares (agg. up to ₹10 Cr) |
| Net Offered to Public | 31,60,000 shares (agg. up to ₹10 Cr) |
| Share Holding Pre Issue | 50,00,000 shares |
| Share Holding Post Issue | 83,32,000 shares |
| NSE Symbol | GEEKAYWIRE |
| ISIN | INE669X01016 |
Geekay Wires IPO comprises a total issue size of 33,32,000 shares. The net offer to the public is 31,60,000 shares, after excluding 1,72,000 shares allotted on a firm basis. Of the Net offer 15,80,000 (50.00%) allocated to NII 15,80,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 15,80,000 | 50.00% | 47.42% |
| Retail Shares Offered | 15,80,000 | 50.00% | 47.42% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,72,000 | 5.16% | |
| Total Shares Offered | 33,32,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 4,000 shares and in multiples thereof.
| 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.
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Long term working capital requirement | 9.66 |
| 2 | Expenditure for General Corporate Purposes | 0.84 |
The Geekay Wires IPO is subscribed [.] times on August 14, 2017 5:00:00 PM (Day 4). The public issue subscribed [.] times in the retail category, [.] times in the QIB category, and [.] times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | [.] | 16,66,000 | 30,40,000 |
| Retail | [.] | 16,66,000 | 11,76,000 |
| Total | [.] | 33,32,000 | 44,96,000 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Issue Management fees including fees to other intermediaries such as Legal Advisors, Registrars and other out of pocket expenses | 0.34 |
| 2 | Brokerage and Selling Commission, Underwriting Commission, RTAs and CDPs | 0.03 |
| 3 | Advertisement, Printing & Stationery, Marketing Expenses, etc | 0.05 |
| 4 | Listing Fees, Market Making fees (1st year), Market Regulatory & Other Expenses | 0.07 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹33.00 |
| Open | ₹33.35 |
| Low | ₹33.15 |
| High | ₹33.70 |
| Last Trade | ₹33.25 |
Lead Manager Reports
Geekay Wires IPO is a SME IPO of 33,32,000 equity shares of the face value of ₹10 aggregating up to ₹11 Crores. The issue is priced at ₹33 per share. The minimum order quantity is 4000.
The IPO opens on Wed, Aug 9, 2017, and closes on Mon, Aug 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 Wed, Aug 9, 2017 and closes on Mon, Aug 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 Thu, Aug 24, 2017.
