Fixed Price IPO | ₹6 Cr | Listed at BSE SME | Tue, Jul 18, 2017 - Thu, Jul 20, 2017
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Tue, Jul 18, 2017
IPO Close
Thu, Jul 20, 2017
Issue Price
₹30 per share
Market Cap (Pre-IPO)
₹21.10 Cr
| IPO Date | 18 to 20 Jul, 2017 |
| Listed on | Fri, Jul 28, 2017 |
| Face Value | ₹10 per share |
| Issue Price | ₹30 per share |
| Lot Size | 4,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 18,64,000 shares (agg. up to ₹6 Cr) |
| Reserved for Market Maker | 96,000 shares Pantomath Stock Brokers Pvt.Ltd. (agg. up to ₹0.2880 Cr) |
| Fresh Issue (Ex Market Maker) | 17,68,000 shares (agg. up to ₹5 Cr) |
| Net Offered to Public | 17,68,000 shares (agg. up to ₹5 Cr) |
| Share Holding Pre Issue | 51,68,000 shares |
| Share Holding Post Issue | 70,32,000 shares |
| BSE Script Code | 540651 |
| ISIN | INE943X01015 |
Jigar Cables IPO comprises a total issue size of 18,64,000 shares. The net offer to the public is 17,68,000 shares, after excluding 96,000 shares allotted on a firm basis. Of the Net offer 8,84,000 (50.00%) allocated to NII 8,84,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 8,84,000 | 50.00% | 47.42% |
| Retail Shares Offered | 8,84,000 | 50.00% | 47.42% |
| Firm Reservations | |||
| Market Maker Shares Offered | 96,000 | 5.15% | |
| Total Shares Offered | 18,64,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 4,000 shares and in multiples thereof.
| 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.
| 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 | 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 |
The Jigar Cables IPO is subscribed [.] times on July 19, 2017 5:00:00 PM (Day 2). 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* | [.] | 9,32,000 | 26,24,000 |
| Retail | [.] | 9,32,000 | 17,96,000 |
| Total | [.] | 18,64,000 | 44,20,000 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Payment to Merchant Banker including expenses towards printing, advertising, and payment to other intermediaries such as Registrars, Bankers etc | 0.30 |
| 2 | Marketing and Other Expenses | 0.04 |
| 3 | Regulatory fees | 0.06 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹30.00 |
| Open | ₹33.15 |
| Low | ₹33.00 |
| High | ₹36.00 |
| Last Trade | ₹36.00 |
Lead Manager Reports
Jigar Cables IPO is a SME IPO of 18,64,000 equity shares of the face value of ₹10 aggregating up to ₹6 Crores. The issue is priced at ₹30 per share. The minimum order quantity is 4000.
The IPO opens on Tue, Jul 18, 2017, and closes on Thu, Jul 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 Tue, Jul 18, 2017 and closes on Thu, Jul 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 Fri, Jul 28, 2017.
