About the Company:
Kritika Wires Ltd is engaged in the business of manufacturing high quality galvanized steel wires and wire products and have been meeting the requirement of various clients in the government and private sectors like power, infrastructure, railway and many more industries.
Company is an ISO 9001: 2015 and ISO 14001 : 2015 certified manufacturer and supplier of different types of galvanized and non-galvanized wires.
The products manufactured by the Company are used for transmission and distribution of Electricity, manufacturing of concrete slippers, poles, bridges and other infrastructure facilities.
Company also does trading in iron and steel structural products like MS Angle, Channel, Joist etc
Company’s products are also widely being used by electrical contractors, corporate engaged in turnkey business of creating infrastructure for power transmission & distribution, cable & conductor manufacturing, general engineering purpose, textile industry, Housing and Infrastructure development industry and railways etc.
They are approved vendor of one of the biggest electricity utility company POWERGRID and also many state owned electricity boards.
Other than the state owned electricity boards, some of their clientele include the following:
- Gupta Power Infrastructure
- Bmw Industries Ltd
- Cabcon India Ltd
- KEC International
- Larsen & Toubro
- Tata Projects
- Voltas
- Sterlite Tech.
Capacity Utilization:
Some of the Major Competitors are:-
- Nirmal Wires Private Limited
- R.K. Wires Private Limited
- Geekay Wires Limited
- Bedmutha Industries Limited
- Precision Wires India Limited
- Ram Ratna Wires Limited
Management Team:
- Mr. Naresh Kumar Agarwal (Designation: Whole Time Director)
- Mr. Hanuman Prasad Agarwal (Designation: Managing Director)
- Mr. Ankush Agarwal (Designation: Whole Time Director)
Objectives of the Issue:
- To Meet Working Capital requirements.
- To Meet General Corporate Expenses
- To Meet Issue Expenses.
Financials of the Company:
| (in Crores) | FY 14 | FY 15 | FY 16 | FY 17 | FY 18 |
|---|---|---|---|---|---|
| Revenue | 149.11 | 183.39 | 217.30 | 207.05 | 257.89 |
| Net Profit | 1.01 | 0.42 | 1.04 | 2.66 | 4.93 |
Valuation of Peer Group Companies:
| Company Name | Face Value | EPS | PE Ratio | RoNW | NAV |
|---|---|---|---|---|---|
| Kritika Wires Limited | 10 | 3.82 | 8.37 | 12.66% | 30.14 |
| Ram Ratna Wires Ltd | 5 | 12.35 | 13.37 | 19.09% | 75.88 |
| Geekay Wires Ltd | 10 | 0.98 | 33.57 | 6.49% | 22.23 |
IPO Details:
| Details | Info |
|---|---|
| Issue Opens on | 26th September 2018 |
| Issue Closes on:. | 1st October 2018 |
| Issue Price | Rs.32 |
| Face Value | Rs.10 |
| Minimum Lot | 4000 Shares |
| Minimum Investment | Rs.1,28,000 |
| Issue Constitutes | 27.10% |
| Issue Size | Rs.15.39 cr |
| Market Cap | Rs.56.80 cr |
| Listing at | NSE SME |
| Equity Shares Offered (Fresh) | 48,12,000 |
| Equity Shares Prior to the Issue | 1,29,40,000 |
| Equity Shares after the Issue | 1,77,52,000 |
IPO Valuation Parameters:
| Earnings Per Share (EPS) | Price To Earnings ratio (PE) | Return on Net Worth (RoNW) | Net Asset Value (NAV) |
|---|---|---|---|
| 3.82 | 8.37 | 12.66% | 30.14 |
| Check IPO Allotment Status: |
|---|
Link InTime Website (Click on the below Link)https://linkintime.co.in/PublicIssue/ |
Knowledge Corner: (Click on the Link)
| Company Contact Info: |
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| Kritika Wires Limited 1A, Bonfield Lane Mezanine Floor, Kolkata- 700001, West Bengal, India Tel. No. +91 33 40037817 E-mail: compliance@kritikawires.com Website: www.kritikawires.com |
| IPO Registrar Info: |
|---|
| LINK INTIME INDIA PRIVATE LIMITED C-101, 1st Floor, 247 Park, LBS Marg, Vikhroli (West), Mumbai- 400083, Maharshtra, India Tel No.: +91-22-49186200 Fax No.: +91-22-49186195 Email: kritika.ipo@linkintime.co.in Website: www.linkintime.co.in |
| Lead Manager to the Issue: |
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| HEM SECURITIES LIMITED 904, A Wing, Naman Midtown, Senapati Bapat Marg, Elphinstone Road, Lower Parel, Mumbai-400013, Maharashtra, India Tel. No.: +91- 22- 4906 0000 Fax No.: +91- 22- 2262 5991 Email: ib@hemsecurities.com Website: www.hemsecurities.com |
