Unlimited Trading @ Rs 899 per month - Prostocks

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

Geekay Wires IPO Details

Issue OpenAug 9, 2017 - Aug 14, 2017
Issue TypeFixed Price Issue IPO
Issue Size3,332,000 Eq Shares of ₹10
(aggregating up to ₹11.00 Cr)
Face Value₹10 Per Equity Share
Issue Price₹33 Per Equity Share
Market Lot4000 Shares
Min Order Quantity4000 Shares
Listing AtNSE SME

Geekay Wires IPO Lot Size and Price (Retail)

ApplicationLotsSharesAmount (Cut-off)
Minimum14000₹132,000
Maximum14000₹132,000

Geekay Wires IPO Subscription Status (Bidding Detail)

Geekay Wires IPO how much subscribed?

No. of Times Issue Subscribed (BSE + NSE)

As on Date & Time

NII

RII

Total

Shares Offered

1,666,000

1,666,000

3,332,000

Aug 14, 2017 17:00

Geekay Wires IPO Prospectus

Geekay Wires IPO Rating

53
3.2
Rating:Rated 3.2 stars

Vote Here ...

Geekay Wires IPO Listing Date

Listing DateThursday, August 24, 2017
BSE Script Code
NSE SymbolGEEKAYWIRE
Listing In
ISININE669X01016
Issue Price₹33 Per Equity Share
Face Value₹10 Per Equity Share

Listing Day Trading Information

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

Geekay Wires IPO Reviews / Ratings

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
   1st Floor, Bharat Tin Works Building,
   Opp. Vasant Oasis,Makwana Road,
   Marol, Andheri(E), Mumbai - 400 059

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

Geekay Wires IPO FAQs

  1. What is Geekay Wires IPO?

    Geekay Wires IPO is an SME initial public offering of 3,332,000 equity shares of the face value of ₹10 aggregating up to ₹11.00 Crores.

    The issue price of the IPO is ₹33 Per Equity Share. The minimum order quantity is 4000 Shares per application and the offer type is Fixed Price Issue.

    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.

  2. When Geekay Wires IPO will open?

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

  3. How to apply for Geekay Wires IPO?

    Geekay Wires IPO application can be done through banks using ASBA online or through stock brokers trading account using UPI. All popular banks i.e. HDFC, ICICI, and SBI offer online IPO applications. An investor can also apply directly through their broker (i.e. Zerodha, Sharekhan) using UPI as a payment method.

  4. When Geekay Wires IPO allotment?

    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 IPO allotment status.

  5. When is Geekay Wires IPO listing date?

    The IRCTC IPO listing date is on Thursday, August 24, 2017, at NSE SME.

Guaranteed Save 60% to 90% Brokerage

You could reduce the brokerage cost significantly by moving to another stock broker. Our expert team compared top share brokers in India to help traders. STOP paying Demat AMC, Brokerage in %, PCM Fee and High Stamp Duty today.

We can help you choosing the right broker. Contact us today...

Geekay Wires IPO Review / Comments

STOCKT
9. STOCKT  Aug 21, 2017 23:58 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
STOCKT
8. STOCKT  Aug 21, 2017 22:31 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
satya
7. satya  Aug 21, 2017 22:27 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.
satya
6. satya  Aug 21, 2017 22:27 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.
satya
5. satya  Aug 21, 2017 22:26 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.
satya
4. satya  Aug 21, 2017 22:25 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......
DownriteVJ
3. DownriteVJ  Aug 10, 2017 13:56 I Like It. | Report Abuse
IPO Guru IPO Guru (1100+ Posts, 1000+ Likes)
40%
Hiro Devrani
2. Hiro Devrani  Aug 3, 2017 19:41 I Like It. | Report Abuse
Gala sir please suggest whether apply or avoid
gala
2.1. gala  Aug 4, 2017 21:14 I Like It. 1 | Report Abuse
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
No need not apply this
STOCKT
2.2. STOCKT  Aug 14, 2017 18:07 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
CA M&co.Jodhpur
1. CA M&co.Jodhpur  Aug 3, 2017 11:50 I Like It. 1 | Report Abuse
please give financial statement of income and revenue for decision regarding apply ipo
Ankitxyz
10.1. Ankitxyz  Aug 3, 2017 20:32 I Like It. | Report Abuse
Top Contributor Top Contributor (300+ Posts, 300+ Likes)
Download RHP



Message Board

Stock Message Board



Search Chittorgarh.com:

Chittorgarh.com Mobile Apps:

Download Android App Downlaod iOS App