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Geekay Wires Ltd IPO (Geekay Wires IPO) Detail

Aug 9, 2017 - Aug 14, 2017

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.

Company Promoters:

The promoters of the company are:

1. Mr. Ghanshyam Dass
2. Mr. Ashish Kandoi
3. Mr. Anuj Kandoi and
4. Kandoi Industries India Private Limited

Objects of the Issue:

The object of the issue are:

1. Long term working capital requirement;
2. General Corporate Purposes, and
3. Issue related expenses

Issue Detail:

  »»  Issue Open: Aug 9, 2017 - Aug 14, 2017
  »»  Issue Type: Fixed Price Issue IPO
  »»  Issue Size: 3,332,000 Equity Shares of Rs 10 aggregating up to Rs 11.00 Cr
  »»  Face Value: Rs 10 Per Equity Share
  »»  Issue Price: Rs 33 Per Equity Share
  »»  Market Lot: 4000 Shares
  »»  Minimum Order Quantity: 4000 Shares
  »»  Listing At: NSE SME

Geekay Wires IPO Reviews / Recommendations:

Dilip Davda - Avoid

 

Geekay Wires IPO Subscription Status / Live Bidding Status

Geekay Wires IPO Subscription Status tells if Geekay Wires IPO subscribed or not. Investors can bid for IPO shares between 10 AM to 5 PM when public issue is open. Geekay Wires IPO oversubscribed if bids are received for more shares than what is offered by the company.

Geekay Wires IPO - How Many Times Subscribed?
Number of Bids Received
As on Date & TimeQIBNIIRIITotal
Shares Offered / Reserved01,666,0001,666,0003,332,000
Day 1 - Aug 9, 2017 17:00 IST172,000788,00076,0001,036,000
Day 2 - Aug 10, 2017 17:00 IST172,0001,280,000264,0001,716,000
Day 3 - Aug 11, 2017 17:00 IST264,0002,904,000576,0003,744,000
Day 4 - Aug 14, 2017 17:00 IST280,0003,040,0001,176,0004,496,000

Geekay Wires IPO Prospectus

Geekay Wires IPO Rating

53
3.2
Rating:Rated 3.2 stars

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Geekay Wires IPO Listing Date

  •   ›  Listing Date: Thursday, August 24, 2017
  •   ›  BSE Script Code:
  •   ›  NSE Symbol: GEEKAYWIRE
  •   ›  Listing In:
  •   ›  ISIN: INE669X01016
  •   ›  Issue Price: Rs 33 Per Equity Share
  •   ›  Face Value: Rs 10 Per Equity Share

Listing Day Trading Information

.
Issue Price:
Open:
Low:
High:
Last Trade:
Volume:
NSE SME
Issue Price:Rs 33.00
Open:Rs 33.35
Low:Rs 33.15
High:Rs 33.70
Last Trade:Rs 33.25
Volume:324,000

Geekay Wires IPO News Alerts

No alert found.

Company Contact Information

Geekay Wires Ltd
11-70/5, G.P. Complex,
Balanagar,
Hyderabad- - 500 018
Phone: +91-40–23778090
Fax: +91-40–2377 8091
Email: geekaywires@gmail.com
Website: http://www.geekaywires.com

Geekay Wires IPO Registrar

Bigshare Services Pvt. Ltd   »  Report
   Bigshare Services Pvt Ltd E-2 & 3,
   Ansa Industrial Estate, Saki-Vihar Road,
   Sakinaka, Andheri(E), Mumbai - 400 072

Phone: 91-22-40430200
Fax: 91-22-2847 5207
Email: investor@bigshareonline.com
Website: http://www.bigshareonline.com

Geekay Wires IPO Lead Manager(s)

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Geekay Wires IPO Review / Comments

avatar
9. STOCKT  Aug 21, 2017 11:58:48 PM IST I Like It. 1 | Report Abuse
Company on huge expansion mode.

Aryaman issues are stable and will slowly and steadily keep rising . old for long term growth and value in this stock


Rendering quality products and prompt services, we have earned a huge clientele base all across India. Our clientele list includes well-reputed clients in government and private sectors like power, construction, automobile and general engineering and domestic segments etc. that reflects the genuineness of the products offered by us. Some of our clients for our business include Government sector clients like Southern Power Distribution Company of Telangana Limited, The Southern Power Distribution Company of Andhra Pradesh Limited, Northern Power Distribution Company of Telangana Limited, UP Power Transmission Corporation Limited etc

Our Company has of late completed expansion project at Isnapur Village, Medak District thereby taking our installed capacity to 24,000 MTS p.a. The required machinery has beeninstalled with latest technology thus making it as one of the key plants in south India which can produce High Carbon Galvanized steel wire.

Our Company has also recently set up our second unit at Muppireddypally village, Hyderabad. It is a nails manufacturing unit with an approx production capacity of 6000 MTS per annum. This product is having a huge demand in domestic as well as overseas market. Hence, we believe that once we complete all these expansion in future; we should be able to grow our revenues and results of operations multi-fold.


Today; our Company is an ISO 9001: 2008 certified, manufacturer, exporter and supplier of the superlative wires and cables, like galvanized wire, earth wire, stay wire, ACSR steel core, cable armoured wire, guy strand, barbed wire, spring steel wire, patented wire, detonator wire, and spring steel wire
avatar
8. STOCKT  Aug 21, 2017 10:31:58 PM IST I Like It. 1 | Report Abuse
Geeky shows genuine data unlike other manipulated sme like servo tech who increase bottom. Line before coming for ipo. Reason to invest in Geeky wires 1 ) huge client base like godrej larsen and toubro powergrid bhel and many more 2) aryaman issue recent listings doing very well 3) they have consistent top line increasing 4) wires business and stocks doing very well
avatar
7. satya  Aug 21, 2017 10:27:27 PM IST I Like It. 4 | Report Abuse
Hey, Geekay wires promoters holding after ipo is 60%. that much greedy to get money from innocent public...! if their real intention is to list, then they can keep their post-issue holding as 75% as per sebi norms.
avatar
6. satya  Aug 21, 2017 10:27:08 PM IST I Like It. 4 | Report Abuse
a question for Geekay investors:
how does the profit same for fy16 and fy17 despite 20% decline in the revenues. revenues for fy16, fy17 are 80cr, 64cr respectively. but profit remains same as 65L.

one more point. although their revenue from operations decline by 20% for fy17, the interest cost increased from 2.5cr to 3.5cr. but still they show same profit for fy16 and fy17.

It is just 5minutes analysis. waste of time to look into Geekay wires. its my final caution to whoever invested.
avatar
5. satya  Aug 21, 2017 10:26:38 PM IST I Like It. 3 | Report Abuse
an ordinary investor compares the company with its peers. Geekay wires provided in RHP page 64 as its peer as Beekay Steel Industries which is trading at 8pe with organic growth in revenues(20%yoy) where as geekay wires issues shares at 28pe with manipulated accounts. so sell sell sell geekay wires. Its better to book loss before loosing everything.


imple question for Geekay investors:
how does the profit same for fy16 and fy17 despite 20% decline in the revenues. revenues for fy16, fy17 are 80cr, 64cr respectively. but profit remains same as 65L.

one more point. although their revenue from operations decline by 20% for fy17, the interest cost increased from 2.5cr to 3.5cr. but still they show same profit for fy16 and fy17.

It is just 5minutes analysis. waste of time to look into Geekay wires. its my final caution to whoever invested.
avatar
4. satya  Aug 21, 2017 10:25:47 PM IST I Like It. 3 | Report Abuse
StockT,
sell Geekay wires asap. otherwise, it will take ages to recover from the loss. very poor fundamentals of the company. and there is huge manipulation I have seen in its accounts......
avatar
3. DownriteVJ  Aug 10, 2017 1:56:11 PM IST I Like It. | Report Abuse
IPO Mentor IPO Mentor (800+ Posts, 600+ Likes)
40%
avatar
2. Hiro Devrani  Aug 3, 2017 7:41:22 PM IST I Like It. | Report Abuse
Gala sir please suggest whether apply or avoid
avatar
2.1. gala  Aug 4, 2017 9:14:30 PM IST I Like It. 1 | Report Abuse
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
No need not apply this
avatar
2.2. STOCKT  Aug 14, 2017 6:07:04 PM IST I Like It. 1 | Report Abuse
Looks very good business.kandoi group is big and has experience management
I see this one giving good returns if hold for long term. Their client list are big companies
avatar
1. CA M&co.Jodhpur  Aug 3, 2017 11:50:44 AM IST I Like It. 1 | Report Abuse
please give financial statement of income and revenue for decision regarding apply ipo
avatar
10.1. Ankitxyz  Aug 3, 2017 8:32:20 PM IST I Like It. | Report Abuse
Top Contributor Top Contributor (300+ Posts, 300+ Likes)
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