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Kritika Wires IPO is a fixed price issue of Rs 15.40 crores.
Kritika Wires IPO bidding started from September 26, 2018 and ended on October 1, 2018. The shares got listed on NSE SME on October 10, 2018.
Kritika Wires IPO price is ₹32 per share. The minimum lot size for an application is 4000 Shares. The minimum amount of investment required by retail investors is ₹128,000.
Hem Securities Limited is the book running lead manager of the Kritika Wires IPO, while Link Intime India Private Ltd is the registrar for the issue.
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 |
| Price | ₹32 per share |
| Lot Size | 4000 Shares |
| Total Issue Size | 4,812,000 shares (aggregating up to ₹15.40 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 12,940,000 |
| Share holding post issue | 17,752,000 |
| Market Maker portion | 252,000 shares |
Kritika Wires IPO offers 4,812,000 shares. 2,280,000 (47.38%) to NII, 2,280,000 (47.38%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 252,000 (5.24%) |
| Other Shares Offered | 2,280,000 (47.38%) |
| Retail Shares Offered | 2,280,000 (47.38%) |
| Total Shares Offered | 4,812,000 (100%) |
Investors can bid for a minimum of 4000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 4000 | ₹128,000 |
| Retail (Max) | 1 | 4000 | ₹128,000 |
| Lot Size Calculator | |||
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 objects of the issue are to raise funds to meet-
1. Working Capital requirements.
2. General Corporate Expenses
3. Issue Expenses
[Dilip Davda]
Consistent growth in top line augurs well. Based on its financial data, issue appears fully priced. Investors may consider investment for long term.
Read detail review...The Kritika Wires IPO is subscribed 1.99 times on October 1, 2018 5:00:00 PM. 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) |
|---|---|
| Other | 3.45 |
| Retail | 0.52 |
| Total | 1.99 |
| Listing Date | October 10, 2018 |
| BSE Script Code | |
| NSE Symbol | KRITIKA |
| ISIN | INE00Z501011 |
| Final Issue Price | ₹32 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹32.00 |
| ₹34.10 |
| ₹32.75 |
| ₹34.10 |
| ₹33.70 |
Kritika Wires Limited
1A, Bonfield Lane
Mezanine Floor,
Kolkata- 700001
Phone: +91-33-40037817
Email: compliance@kritikawires.com
Website: http://www.kritikawires.com/
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: kritika.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
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Kritika Wires IPO is a SME IPO of 4,812,000 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 Shares.
The IPO opens on September 26, 2018, and closes on October 1, 2018.
Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
The Kritika Wires IPO opens on September 26, 2018 and closes on October 1, 2018.
Kritika Wires IPO lot size is 4000 Shares, and the minimum amount required is ₹128,000.
You can apply in Kritika Wires IPO online using either UPI or ASBA as 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 apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, 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.
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I am an amateur investor here, invested in Kritika Wires as first time investment in IPO. Yesterday I got a text from my bank saying that the money has been deducted but no where I have got an email/communication, that shows the allotment, can anyone help please???
ICICI is not ready to resolve this. Where should i go and complain?