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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.

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

Geekay Wires IPO Details

Geekay Wires IPO Date Aug 9, 2017 to Aug 14, 2017
Geekay Wires IPO Face Value ₹10 per share
Geekay Wires IPO Price ₹33 per share
Geekay Wires IPO Lot Size 4000 Shares
Issue Size3,332,000 shares of ₹10
(aggregating up to ₹11.00 Cr)
Issue Type Fixed Price Issue IPO
Listing At NSE SME
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

Geekay Wires IPO Lot Size

The Geekay Wires IPO lot size is 4000 shares. A retail-individual investor can apply for up to 1 lots (4000 shares or ₹132,000).

Application Lots Shares Amount
Minimum 1 4000 ₹132,000
Maximum 1 4000 ₹132,000

Geekay Wires IPO Review

There is no harm in giving this highly priced issue a miss. The asking price is at a P/E of 42 and at a P/BV of 2.45. Thus issue pricing appears very greedy. Read detail review...


Geekay Wires IPO Subscription Status (Bidding Detail)

The Geekay Wires IPO is subscribed times on Aug 14, 2017 5:00:00 PM. The public issue subscribed times in the retail category, times in the QIB category, and times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
NII
Retail
Total

Geekay Wires IPO Prospectus

Geekay Wires IPO Rating

53
3.2
Rating:Rated 3.2 stars
Vote Here ...

Geekay Wires IPO Listing Date

Listing Date Thursday, August 24, 2017
BSE Script Code
NSE Symbol GEEKAYWIRE
Listing In
ISIN INE669X01016
IPO Price ₹33 per share
Face Value ₹10 per share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
NSE SME
IPO Price: ₹33.00
Open: ₹33.35
Low: ₹33.15
High: ₹33.70
Last Trade: ₹33.25

Company Contact Information

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

Geekay Wires IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200
Email: investor@bigshareonline.com
Website: http://www.bigshareonline.com

Geekay Wires IPO Review

Geekay Wires IPO Recommendation Summary

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Geekay Wires IPO FAQs

Geekay Wires IPO is a SME IPO of 3,332,000 equity shares of the face value of ₹10 aggregating up to ₹11.00 Crores. The issue is priced at ₹33 per share. The minimum order quantity is 4000 Shares.

The IPO opens on Aug 9, 2017, and closes on Aug 14, 2017.

Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.

The Geekay Wires IPO opens on Aug 9, 2017 and closes on Aug 14, 2017.

Geekay Wires IPO lot size is 4000 Shares and the minimum order quantity is .

You can apply in Geekay 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, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Geekay Wires IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Geekay Wires IPO allotment status.

The Geekay Wires IPO listing date is on Thursday, August 24, 2017.
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Geekay Wires IPO Message Board

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12 Comments

9. STOCKT |   Link |Aug 21, 2017 11:58:48 PM
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
8. STOCKT |   Link |Aug 21, 2017 10:31:58 PM
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
7. satya |   Link |Aug 21, 2017 10:27:27 PM
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.
6. satya |   Link |Aug 21, 2017 10:27:08 PM
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.
5. satya |   Link |Aug 21, 2017 10:26:38 PM
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.
4. satya |   Link |Aug 21, 2017 10:25:47 PM
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......
3. DownriteVJ |   Link |Aug 10, 2017 1:56:11 PM
IPO Guru IPO Guru (1300+ Posts, 1200+ Likes)
40%
2. Hiro Devrani |   Link |Aug 3, 2017 7:41:22 PM
Gala sir please suggest whether apply or avoid
2.1. gala |   Link |Aug 4, 2017 9:14:30 PM
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
No need not apply this
2.2. STOCKT |   Link |Aug 14, 2017 6:07:04 PM
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
1. CA M&co.Jodhpur |   Link |Aug 3, 2017 11:50:44 AM
please give financial statement of income and revenue for decision regarding apply ipo
1.1. Ankitxyz |   Link |Aug 3, 2017 8:32:20 PM
Top Contributor Top Contributor (300+ Posts, 300+ Likes)
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