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Jigar Cables IPO is a fixed price issue of ₹5.59 crores. The issue is entirely a fresh issue of 0.19 crore shares of ₹5.59 crore.
Jigar Cables IPO bidding started from Jul 18, 2017 and ended on Jul 20, 2017. The shares got listed on BSE SME on Jul 28, 2017.
Jigar Cables IPO price is ₹30.00 per share . The lot size for an application is 4,000. The minimum amount of investment required by an individual investor (retail) is ₹1,20,000 (4000 shares). The minimum lot size investment for HNI is 2 lots (8,000 shares), amounting to ₹2,40,000.
Pantomath Capital Advisors Pvt.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 Pantomath Stock Brokers Pvt.Ltd..
Refer to Jigar Cables IPO RHP for detailed Information.
| IPO Date | July 18, 2017 to July 20, 2017 |
| Listing Date | July 28, 2017 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹30 per share |
| Lot Size | 4,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 18,64,000 shares (aggregating up to ₹5.59 Cr) |
| Reserved for Market Maker | 96,000 shares Pantomath Stock Brokers Pvt.Ltd. (aggregating up to ₹0.2880 Cr) |
| Net Offered to Public | 17,68,000 shares (aggregating up to ₹5.30 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 51,68,000 shares |
| Share Holding Post Issue | 70,32,000 shares |
Jigar Cables IPO offers total 18,64,000 shares. Out of which 8,84,000 (47.42%) allocated to NII, 8,84,000 (47.42%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 96,000 (5.15%) |
| NII (HNI) Shares Offered | 8,84,000 (47.42%) |
| Retail Shares Offered | 8,84,000 (47.42%) |
| Total Shares Offered | 18,64,000 (100.00%) |
Jigar Cables IPO opens on July 18, 2017, and closes on July 20, 2017.
| IPO Open Date | Tue, Jul 18, 2017 |
| IPO Close Date | Thu, Jul 20, 2017 |
| Tentative Listing Date | Fri, Jul 28, 2017 |
| Cut-off time for UPI mandate confirmation | 5 PM on Thu, Jul 20, 2017 |
Investors can bid for a minimum of 4,000 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 | 4,000 | ₹1,20,000 |
| Retail (Max) | 1 | 4,000 | ₹1,20,000 |
| HNI (Min) | 2 | 8,000 | ₹2,40,000 |
Incorporated in 2017, Jigar Cables Ltd (JCL) is an ISO-9001:2015 certified company having its facility at Gondal, Dist Rajkot in Gujarat, manufacturing electric wires and cables as per national & international standards and customer's specifications.
Company sells its products under “SIGMA” brand since last two decades. Jigar's product range includes Submersible Flat Cables, Flexible Cables, LT PVC Cables, Ariel Bunched Cables and House Wires. JCL has recently incorporated a new Company under the name of Jigar Polymers Limited for manufacturing of PVC and XLPE as backward integration. This group came with Ultracab (India) Ltd which is considered its peer. Company's client list include Indian oil, ONGC, BSNL, Indian Railways, JNPT etc.
The Company Jigar 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 | Repayment/ Prepayment , in full or in part, of certain borrowings availed by the Company | 1.50 |
| 2 | Working Capital requirements | 3.29 |
| 3 | General Corporate Purposes | 0.40 |
[Dilip Davda] Considering aggressive pricing of Jigar Cables SME IPO, there is no harm in giving it a miss. Read detail review...
| Listing Date | July 28, 2017 |
| BSE Script Code | 540651 |
| NSE Symbol | |
| ISIN | INE943X01015 |
| Final Issue Price | ₹30 per share |
| BSE Listing Group | M |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹30.00 |
| Open | ₹33.15 |
| Low | ₹33.00 |
| High | ₹36.00 |
| Last Trade | ₹36.00 |
Jigar Cables Ltd.
Plot No.164/14 & 15 Jamwadi,
G.I.D.C Gondal,
Rajkot
Rajkot, Gujarat, 360311
Phone: + 2825 - 221422
Email: cs@sigmacab.com
Website: http://www.sigmacab.com
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Jigar Cables IPO is a SME IPO of 18,64,000 equity shares of the face value of ₹10 aggregating up to ₹5.59 Crores. The issue is priced at ₹30 per share. The minimum order quantity is 4000.
The IPO opens on July 18, 2017, and closes on July 20, 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 Jigar Cables IPO using UPI as a payment gateway. Zerodha customers can apply in Jigar Cables IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Jigar Cables IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Jigar Cables IPO opens on July 18, 2017 and closes on July 20, 2017.
Jigar Cables IPO lot size is 4000, and the minimum amount required for application is ₹1,20,000.
You can apply in Jigar 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 Jigar Cables IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Jigar Cables IPO allotment status.
The Jigar Cables IPO listing date is on Friday, July 28, 2017.
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