Kritika Wires Ltd

Kritika Wires

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:

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:

  1. Mr. Naresh Kumar Agarwal (Designation: Whole Time Director)
  2. Mr. Hanuman Prasad Agarwal (Designation: Managing Director)
  3. 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



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Company Contact Info:
Kritika Wires Limited
1A, Bonfield Lane Mezanine Floor,
Kolkata- 700001, West Bengal, India
Tel. No. +91 33 40037817


IPO Registrar Info:
C-101, 1st Floor, 247 Park, LBS Marg,
Vikhroli (West), Mumbai- 400083, Maharshtra, India
Tel No.: +91-22-49186200
Fax No.: +91-22-49186195


Lead Manager to the Issue:
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