Geekay Wires Ltd IPO

IPO Synopsis

Public issue of 33,32,000 equity shares of Rs. 10/- each (Equity Shares) of Geekay Wires Limited (GWL or the company) for cash at a price of Rs. 33 per share (the issue price), aggregating to Rs. 11 crores (the issue), of which 1,72,000 equity shares of Rs. 10 each will be reserved for subscription by the market maker to the issue (the market maker reservation portion). The issue less the market maker reservation portion i.e. Issue of 31,60,000 equity shares of Rs. 10/- each is hereinafter referred to as the net issue. The issue and the net issue will constitute 39.99% and 37.93%, respectively of the post issue paid up equity share capital of the company. The face value of the equity share is Rs. 10 and the issue price is 3.3 times of the face value.