By Vivek K. Mobile: 09920183006 Email:email@example.com
Kritika Wires Ltd, engaged in manufacturing of all types of Galvanized Steel Wires and Wire products, proposes to open its initial public offer (IPO) of 48, 12,000 Equity Shares of face value of Rs. 10 each for cash at a price of Rs. 32 per Equity Share, aggregating up to Rs 1539.84 lakhs, on 26 September 2018 at the NSE Emerge platform. The issue will close on Monday October 1, 2018. The Lead Manager to the Issue is Hem Securities Limited, a leader in SME IPOs and the Registrar to the Issue is Link Intime India Private Limited.
Mr. Naresh Kumar Agarwal, Chairman and Whole Time Director, Mr. Hanuman Prasad Agarwal, Managing Director of Kritika Wires Ltd said “The Company expects to raise Rs 15.4 crores from the IPO proceeds which will be utilized for meeting working capital requirements, general corporate and issue expenses. Kritika Wires, which was incorporated in 2004, has been in the business of manufacturing of various types of high quality Galvanized and non-galvanized wires for the last 14 years and caters to the need of the various State Electricity Boards, EPC Companies and other industries like cable & conductor manufacturing, general engineering purpose and railways etc. The Company is an ISO 9001: 2015 and ISO 14001: 2015 certified Company having our manufacturing facilities in Dhulagarh Industrial Area, Kolkata, West Bengal. The facilities are well equipped with latest machinery, equipments and technology, In-house testing facilities and qualified engineers, which help us in maintaining quality standards as well as an efficient delivery record” Read more