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Dynamic Cables IPO is a fixed price issue of ₹23.38 crores. The issue is entirely a fresh issue of 0.58 crore shares of ₹23.38 crore.
Dynamic Cables IPO bidding started from Dec 4, 2017 and ended on Dec 6, 2017. The shares got listed on BSE SME on Dec 14, 2017.
Dynamic Cables IPO price is ₹40.00 per share . The lot size for an application is 3,000. The minimum amount of investment required by an individual investor (retail) is ₹1,20,000 (3000 shares). The minimum lot size investment for HNI is 2 lots (6,000 shares), amounting to ₹2,40,000.
Hem Securities Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The market maker of the company is Hem Securities Ltd..
Refer to Dynamic Cables IPO RHP for detailed Information.
| IPO Date | December 4, 2017 to December 6, 2017 |
| Listing Date | December 14, 2017 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹40 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 58,44,000 shares (aggregating up to ₹23.38 Cr) |
| Reserved for Market Maker | 3,00,000 shares Hem Securities Ltd. (aggregating up to ₹1.20 Cr) |
| Net Offered to Public | 55,44,000 shares (aggregating up to ₹22.18 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 1,61,70,000 shares |
| Share Holding Post Issue | 2,20,14,000 shares |
Dynamic Cables IPO offers total 58,44,000 shares. Out of which 27,72,000 (47.43%) allocated to NII, 27,72,000 (47.43%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 3,00,000 (5.13%) |
| NII (HNI) Shares Offered | 27,72,000 (47.43%) |
| Retail Shares Offered | 27,72,000 (47.43%) |
| Total Shares Offered | 58,44,000 (100.00%) |
Dynamic Cables IPO opens on December 4, 2017, and closes on December 6, 2017.
| IPO Open Date | Mon, Dec 4, 2017 |
| IPO Close Date | Wed, Dec 6, 2017 |
| Tentative Listing Date | Thu, Dec 14, 2017 |
| Cut-off time for UPI mandate confirmation | 5 PM on Wed, Dec 6, 2017 |
Investors can bid for a minimum of 3,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3,000 | ₹1,20,000 |
| Retail (Max) | 1 | 3,000 | ₹1,20,000 |
| HNI (Min) | 2 | 6,000 | ₹2,40,000 |
Incorporated in 2007, Dynamic Cables Limited is Jaipur, Rajasthan based manufacturer of Cables and Conductors. Company manufacture Low Voltage and High Voltage Power Cables, Aerial Bunched Cables, All Aluminium Conductor, All Aluminium Alloy Conductor, Aluminium conductor steel reinforced Conductors and Service Drop Cables used for transmission and distribution of Electricity.
Dynamic Cables has three manufacturing units located in Jaipur. Company Design, Development, Manufacture, Testing and Supply the Cables.
The products by the company are used in Industrial, Exports, Turnkey projects, Power Distribution Companies; Infrastructure works etc. in India and abroad. Dynamic Cables exports its products to countries including Kenya, Tanzania, TOGO, Nigeria, Benin, Uganda, Rwanda, NEPAL, Mauritius, Afghanistan, Jordan, Dubai etc.
The Company Dynamic Cables IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | To meet Working capital Requirements | 21.39 |
| 2 | To meet General Corporate Expenses | 1.25 |
[Dilip Davda] Investment may be considered for medium to long term (Subscribe). Read detail review...
| Listing Date | December 14, 2017 |
| BSE Script Code | 540795 |
| NSE Symbol | DYCL |
| ISIN | INE600Y01019 |
| Final Issue Price | ₹40 per share |
| BSE Listing Group | M |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹40.00 |
| Open | ₹48.00 |
| Low | ₹48.00 |
| High | ₹48.00 |
| Last Trade | ₹48.00 |
Dynamic Cables Ltd.
F-260,
Road No. 13
VKI Area,
Jaipur, Rajasthan, 302013
Phone: +91 141-2332388
Email: info@dynamiccables.co.in
Website: http://www.dynamiccables.co.in/
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Dynamic Cables IPO is a SME IPO of 58,44,000 equity shares of the face value of ₹10 aggregating up to ₹23.38 Crores. The issue is priced at ₹40 per share. The minimum order quantity is 3000.
The IPO opens on December 4, 2017, and closes on December 6, 2017.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Dynamic Cables IPO using UPI as a payment gateway. Zerodha customers can apply in Dynamic Cables IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Dynamic Cables IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Dynamic Cables IPO opens on December 4, 2017 and closes on December 6, 2017.
Dynamic Cables IPO lot size is 3000, and the minimum amount required for application is ₹1,20,000.
You can apply in Dynamic Cables IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Dynamic Cables IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Dynamic Cables IPO allotment status.
The Dynamic Cables IPO listing date is on Thursday, December 14, 2017.
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