Free Equity Delivery
Flat ₹10 per Trade in Intraday & F&O
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 ₹32.00 per share . The lot size for an application is 4,000. The minimum amount of investment required by an individual investor (retail) is ₹1,28,000 (4000 shares). The minimum lot size investment for 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 Date | September 26, 2018 to October 1, 2018 |
| Listing Date | October 10, 2018 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹32 per share |
| Lot Size | 4,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 48,12,000 shares (aggregating up to ₹15.40 Cr) |
| Reserved for Market Maker | 2,52,000 shares Hem Finlease Pvt.Ltd. (aggregating up to ₹0.8064 Cr) |
| Net Offered to Public | 45,60,000 shares (aggregating up to ₹14.59 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 1,29,40,000 shares |
| Share Holding Post Issue | 1,77,52,000 shares |
Kritika Wires IPO offers total 48,12,000 shares. Out of which 22,80,000 (47.38%) allocated to NII, 22,80,000 (47.38%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 2,52,000 (5.24%) |
| NII (HNI) Shares Offered | 22,80,000 (47.38%) |
| Retail Shares Offered | 22,80,000 (47.38%) |
| Total Shares Offered | 48,12,000 (100.00%) |
Kritika Wires IPO opens on September 26, 2018, and closes on October 1, 2018.
| IPO Open Date | Wed, Sep 26, 2018 |
| IPO Close Date | Mon, Oct 1, 2018 |
| Tentative Listing Date | Wed, Oct 10, 2018 |
| Cut-off time for UPI mandate confirmation | 5 PM on Mon, Oct 1, 2018 |
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 | ₹1,28,000 |
| 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.
| Particulars | For the year/period ended (in Rs. Lakhs) | |||||
|---|---|---|---|---|---|---|
| 31-Jan-17 | 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | 31-Mar-13 | |
| Total Assets | 13,039.56 | 11,376.69 | 11,572.92 | 9,428.75 | 9,762.51 | 6,020.98 |
| Total Revenue | 19,797.43 | 20,705.52 | 21,730.19 | 18,3339.74 | 14,911.27 | 10,596.27 |
| Profit After Tax | 430.99 | 266.65 | 104.85 | 42.98 | 101.19 | 120.90 |
The Company Kritika 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 | To meet Working capital Requirements | 12.39 |
| 2 | To meet General Corporate Expenses | 2.00 |
[Dilip Davda] <p>Consistent growth in top line augurs well. Based on its financial data, issue appears fully priced. Investors may consider investment for long term.</p> Read detail review...
| Listing Date | October 10, 2018 |
| BSE Script Code | |
| NSE Symbol | KRITIKA |
| ISIN | INE00Z501011 |
| Final Issue Price | ₹32 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹32.00 |
| Open | ₹34.10 |
| Low | ₹32.75 |
| High | ₹34.10 |
| Last Trade | ₹33.70 |
Kritika Wires Ltd.
1A
Bonfield Lane
Mezanine Floor
Kolkata, West Bengal, 700001
Phone: +91-33-40037817
Email: compliance@kritikawires.com
Website: http://www.kritikawires.com/
MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email: kritika.ipo@linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
Kritika Wires IPO is a SME IPO of 48,12,000 equity shares of the face value of ₹10 aggregating up to ₹15.40 Crores. The issue is priced at ₹32 per share. The minimum order quantity is 4000.
The IPO opens on September 26, 2018, and closes on October 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 September 26, 2018 and closes on October 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 Wednesday, October 10, 2018.
Useful Articles
RHP