IPO Issue Details
Issue Price / Price Band₹33 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size4,000 Shares per Lot
Total Issue Size33,32,000 shares (aggregating up to ₹11.00 Cr)
Issue TypeFixed Price IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformNSE SME
IPO TypeSME
Subscription OpenWed, 09 Aug 2017
Subscription CloseMon, 14 Aug 2017
Anchor AllotmentTue, 08 Aug 2017
Basis of AllotmentSun, 20 Aug 2017
Initiation of RefundsMon, 21 Aug 2017
Credit of Shares to DematMon, 21 Aug 2017
Listing DateThu, 24 Aug 2017
UPI Mandate Deadline2017-08-14
Application & Investment Details
Retail — Min (1 Lots)₹1,32,000 — 4,000 shares
Retail — Max (13 Lots)₹1,716,000 (13 Lots)
HNI — Min (2 Lots)₹2,64,000 — 8,000 shares
Net Offer to Public31,60,000 shares (aggregating up to ₹10.43 Cr)
Reserved for Market Maker1,72,000 shares (aggregating up to ₹0.5676 Cr)
Pre-IPO Promoter Holding50,00,000 shares
Post-IPO Promoter Holding83,32,000 shares
About Geekay Wires Ltd.
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.
Objects of the Issue
Geekay Wires Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
1
Long term working capital requirement
9.66
2
Expenditure for General Corporate Purposes
0.84
Shareholding & Lock-in
Pre-IPO Promoter Holding
50,00,000 shares
Post-IPO Promoter Holding
83,32,000 shares