Business Standard

Kritika Wires Ltd - IPO

Issue Type

Fixed Price - SME

Issue Size (₹ Cr.)

15.40 cr

Price Range (₹)

32

Lot Size

4000

Min Investment (₹)

1,28,000.00

Listing Exchange

NSE - SME

Open Date

26-Sept-2018

Close Date

01-Oct-2018

Listing Date

10-Oct-2018

Kritika Wires Ltd News

    The Shares of Kritika Wires Ltd have now been listed.

    Kritika Wires Ltd IPO Details

    Initial public issue of 48,12,000 equity shares of face value of Rs. 10 each (Equity Shares) of Kritika Wires Limited (Company or Issuer) for cash at a price of Rs. 32 per equity share (including a share premium of Rs. 22 per equity share) (Issue Price) aggregating to Rs. 15.40 crores (Issue ) of which 2,52,000 equity shares of face value of Rs. 10.00 each for a cash price of Rs. 32 per equity share, aggregating to Rs. 0.81 crores will be reserved for subscription by market maker (Market Maker Reservation Portion). The issue less the market maker reservation portion i.e. Issue of 45,60,000 equity shares of face value of Rs. 10.00 each at an issue price of Rs. 32 per equity share aggregating to Rs. 14.59 crores (The Net Issue). The issue and the net issue will constitute 27.11% and 25.69%, respectively of the post issue paid up equity share capital of the company.The Face value of the equity shares is Rs. 10 each and the issue price is 32 The Issue price is 3.2 times of the face value.

    Objective of issue

    To Meet Working Capital Requirements. To Meet General Corporate Expenses.

    Kritika Wires Ltd Contact Details

    Kritika Wires Ltd, C-101 247 Park, L B S Marg, Vikhroli West, Mumbai-400083

    Phone - 91-22-49186000

    Fax - 91-22-49186060

    Email - compliance@kritikawires.com

    Website - www.kritikawires.com