Fixed Price IPO | ₹15 Cr | Listed at NSE SME | Wed, Sep 26, 2018 - Mon, Oct 1, 2018
Kritika Wires IPO is a fixed price issue of ₹15.40 crores. The issue is entirely a fresh issue of 0.48 crore shares of ₹15.40 crore.
Kritika Wires IPO bidding started from Sep 26, 2018 and ended on Oct 1, 2018. The shares got listed on NSE SME on Oct 10, 2018.
Kritika Wires IPO price is ₹32 per share. The lot size for an application is 4,000. The minimum amount of investment required by an individual investor (retail) is ₹1,28,000 (4000 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (8,000 shares), amounting to ₹2,56,000.
Hem Securities Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Hem Finlease Pvt.Ltd..
Refer to Kritika Wires IPO RHP for detailed Information.
IPO Open
Wed, Sep 26, 2018
IPO Close
Mon, Oct 1, 2018
Issue Price
₹32 per share
Market Cap (Pre-IPO)
₹56.81 Cr
| IPO Date | 26 Sep to 1 Oct, 2018 |
| Listed on | Wed, Oct 10, 2018 |
| Face Value | ₹10 per share |
| Issue Price | ₹32 per share |
| Lot Size | 4,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Total Issue Size | 48,12,000 shares (agg. up to ₹15 Cr) |
| Reserved for Market Maker | 2,52,000 shares Hem Finlease Pvt.Ltd. (agg. up to ₹0.8064 Cr) |
| Fresh Issue (Ex Market Maker) | 45,60,000 shares (agg. up to ₹15 Cr) |
| Net Offered to Public | 45,60,000 shares (agg. up to ₹15 Cr) |
| Share Holding Pre Issue | 1,29,40,000 shares |
| Share Holding Post Issue | 1,77,52,000 shares |
| NSE Symbol | KRITIKA |
| ISIN | INE00Z501011 |
Kritika Wires IPO comprises a total issue size of 48,12,000 shares. The net offer to the public is 45,60,000 shares, after excluding 2,52,000 shares allotted on a firm basis. Of the Net offer 22,80,000 (50.00%) allocated to NII 22,80,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 22,80,000 | 50.00% | 47.38% |
| Retail Shares Offered | 22,80,000 | 50.00% | 47.38% |
| Firm Reservations | |||
| Market Maker Shares Offered | 2,52,000 | 5.24% | |
| Total Shares Offered | 48,12,000 | 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 | ₹1,28,000 |
| Retail (Max) | 1 | 4,000 | ₹1,28,000 |
| HNI (Min) | 2 | 8,000 | ₹2,56,000 |
Incorporated in 2004, Kolkata based Kritika Wires Limited is a company engaged in the business of manufacturing high quality galvanized steel wires and wire products.
The products are used for transmission and distribution of Electricity, manufacturing of concrete slippers, poles, bridges etc.
The company caters to the requirement of various companies in the government and private sectors in industries like infrastructure, power, and railway etc.
The company has 2 manufacturing facilities at Dhulagarh Industrial Park, Kolkata.
The company grew its revenue at 18.23% annually from the financial year 2013 to 2017.
It has 285 full-time employees on its payroll.
| 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 | To meet Working capital Requirements | 12.39 |
| 2 | To meet General Corporate Expenses | 2.00 |
The Kritika Wires IPO is subscribed 1.99 times on October 1, 2018 5:00:00 PM (Day 4). The public issue subscribed 0.52 times in the retail category, [.] times in the QIB category, and 3.45 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 3.45 | 22,80,000 | 78,68,000 |
| Retail | 0.52 | 22,80,000 | 11,80,000 |
| Total | 1.99 | 45,60,000 | 90,80,000 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Payment to Merchant Banker including underwriting and selling commissions, brokerages, payment to other intermediaries such as Legal Advisors, Registrars, etc | 0.93 |
| 2 | Printing and Stationery and postage expenses | 0.03 |
| 3 | Advertising and Marketing expenses | 0.03 |
| 4 | Statutory expenses | 0.03 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹32.00 |
| Open | ₹34.10 |
| Low | ₹32.75 |
| High | ₹34.10 |
| Last Trade | ₹33.70 |
Lead Manager Reports
Kritika Wires IPO is a SME IPO of 48,12,000 equity shares of the face value of ₹10 aggregating up to ₹15 Crores. The issue is priced at ₹32 per share. The minimum order quantity is 4000.
The IPO opens on Wed, Sep 26, 2018, and closes on Mon, Oct 1, 2018.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Kritika Wires IPO using UPI as a payment gateway. Zerodha customers can apply in Kritika Wires IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Kritika Wires IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Kritika Wires IPO opens on Wed, Sep 26, 2018 and closes on Mon, Oct 1, 2018.
Kritika Wires IPO lot size is 4000, and the minimum amount required for application is ₹1,28,000.
You can apply in Kritika 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 Kritika Wires IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Kritika Wires IPO allotment status.
The Kritika Wires IPO listing date is on Wed, Oct 10, 2018.
