Fixed Price IPO | ₹23 Cr | Listed at BSE SME | Mon, Dec 4, 2017 - Wed, Dec 6, 2017
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Mon, Dec 4, 2017
IPO Close
Wed, Dec 6, 2017
Issue Price
₹40 per share
Market Cap (Pre-IPO)
₹88.06 Cr
| IPO Date | 4 to 6 Dec, 2017 |
| Listed on | Thu, Dec 14, 2017 |
| Face Value | ₹10 per share |
| Issue Price | ₹40 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 58,44,000 shares (agg. up to ₹23 Cr) |
| Reserved for Market Maker | 3,00,000 shares Hem Securities Ltd. (agg. up to ₹1 Cr) |
| Fresh Issue (Ex Market Maker) | 55,44,000 shares (agg. up to ₹22 Cr) |
| Net Offered to Public | 55,44,000 shares (agg. up to ₹22 Cr) |
| Share Holding Pre Issue | 1,61,70,000 shares |
| Share Holding Post Issue | 2,20,14,000 shares |
| BSE Script Code | 540795 DYCL |
| ISIN | INE600Y01019 |
Dynamic Cables IPO comprises a total issue size of 58,44,000 shares. The net offer to the public is 55,44,000 shares, after excluding 3,00,000 shares allotted on a firm basis. Of the Net offer 27,72,000 (50.00%) allocated to NII 27,72,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 27,72,000 | 50.00% | 47.43% |
| Retail Shares Offered | 27,72,000 | 50.00% | 47.43% |
| Firm Reservations | |||
| Market Maker Shares Offered | 3,00,000 | 5.13% | |
| Total Shares Offered | 58,44,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 3,000 shares and in multiples thereof.
| 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.
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To meet Working capital Requirements | 21.39 |
| 2 | To meet General Corporate Expenses | 1.25 |
The Dynamic Cables IPO is subscribed [.] times on December 6, 2017 5:00:00 PM (Day 3). The public issue subscribed [.] times in the retail category, [.] times in the QIB category, and [.] times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | [.] | 29,22,000 | 33,55,38,000 |
| Retail | [.] | 29,22,000 | 7,27,47,000 |
| Total | [.] | 58,44,000 | 40,82,85,000 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Payment to Merchant Banker | 0.25 |
| 2 | Printing and Stationery and postage expenses | 0.02 |
| 3 | Advertising and Marketing expenses including underwriting and selling commissions, brokerages, payment to other intermediaries such as Legal Advisors, Registrars, etc | 0.44 |
| 4 | Statutory expenses | 0.03 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹40.00 |
| Open | ₹48.00 |
| Low | ₹48.00 |
| High | ₹48.00 |
| Last Trade | ₹48.00 |
Lead Manager Reports
Dynamic Cables IPO is a SME IPO of 58,44,000 equity shares of the face value of ₹10 aggregating up to ₹23 Crores. The issue is priced at ₹40 per share. The minimum order quantity is 3000.
The IPO opens on Mon, Dec 4, 2017, and closes on Wed, Dec 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 Mon, Dec 4, 2017 and closes on Wed, Dec 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 Thu, Dec 14, 2017.
