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Geekay Wires Ltd IPO (Geekay Wires IPO) Detail

August 9, 2017 - August 14, 2017

Geekay Wires IPO is a fixed price issue of Rs 11.00 crores.

Geekay Wires IPO bidding started from August 9, 2017 and ended on August 14, 2017. The shares got listed on NSE SME on August 24, 2017.

Geekay Wires IPO price is ₹33 per share. The minimum lot size for an application is 4000 Shares. The minimum amount of investment required by retail investors is ₹132,000.

Aryaman Financial Services Limited is the book running lead manager of the Geekay Wires IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.

Refer to Geekay Wires IPO RHP for detailed information.

Geekay Wires IPO Details

IPO Date August 9, 2017 to August 14, 2017
Listing Date August 24, 2017
Face Value ₹10 per share
Price ₹33 per share
Lot Size 4000 Shares
Total Issue Size3,332,000 shares
(aggregating up to ₹11.00 Cr)
Issue Type Fixed Price Issue IPO
Listing At NSE SME
Share holding pre issue5,000,000
Share holding post issue8,332,000

Geekay Wires IPO Reservation

Geekay Wires IPO offers 3,332,000 shares. 1,666,000 (50.00%) to NII, 1,666,000 (50.00%) to RII.

Investor Category Shares Offered
Anchor Investor Shares Offered-
Market Maker Shares Offered--
Other Shares Offered1,666,000 (50.00%)
Retail Shares Offered1,666,000 (50.00%)
Total Shares Offered3,332,000 (100%)

Geekay Wires IPO Lot Size

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 ₹132,000
Retail (Max) 1 4000 ₹132,000
Lot Size Calculator

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 IPO Objectives)

The object of the issue are:

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

Geekay Wires IPO Review (Avoid)

[Dilip Davda]  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 August 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)
Other
Retail
Total

Geekay Wires IPO Prospectus

Geekay Wires IPO Rating

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

Geekay Wires IPO Listing Details

Listing Date August 24, 2017
BSE Script Code
NSE Symbol GEEKAYWIRE
ISIN INE669X01016
Final Issue Price ₹33 per share

Pre-Open Session - NSE

Listing Day Trading Information

Price Details
Final Issue Price
Open
Low
High
Last Trade
NSE SME
₹33.00
₹33.35
₹33.15
₹33.70
₹33.25

Check IPO Performance…

Geekay Wires Ltd Contact Details

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: https://ipo.bigshareonline.com/ipo_status.html

Geekay Wires IPO - Buy or Not

Geekay Wires IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 0 0 1
Members 0 0 0

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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 August 9, 2017, and closes on August 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 August 9, 2017 and closes on August 14, 2017.

Geekay Wires IPO lot size is 4000 Shares, and the minimum amount required is ₹132,000.

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, Nuvama, 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 August 24, 2017.
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Geekay Wires IPO Message Board

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12 Comments

9. STOCKT |   Link |  Bookmark |August 22, 2017 12:58:48 AM
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 |  Bookmark |August 21, 2017 11:31:58 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 |  Bookmark |August 21, 2017 11:27:27 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 |  Bookmark |August 21, 2017 11:27:08 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 |  Bookmark |August 21, 2017 11:26:38 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 |  Bookmark |August 21, 2017 11:25:47 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 |  Bookmark |August 10, 2017 2:56:11 PM
IPO Guru IPO Guru (1400+ Posts, 1200+ Likes)
40%
2. Hiro Devrani |   Link |  Bookmark |August 3, 2017 8:41:22 PM
Gala sir please suggest whether apply or avoid
2.1. gala |   Link |  Bookmark |August 4, 2017 10:14:30 PM
IPO Mentor IPO Mentor (500+ Posts, 200+ Likes)
No need not apply this
2.2. STOCKT |   Link |  Bookmark |August 14, 2017 7:07:04 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 |  Bookmark |August 3, 2017 12:50:44 PM
please give financial statement of income and revenue for decision regarding apply ipo
1.1. Ankitxyz |   Link |  Bookmark |August 3, 2017 9:32:20 PM (300+ Posts, 300+ Likes)
Download RHP