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Relicab Cable Manufacturing IPO is a fixed price issue of ₹3.22 crores. The issue is entirely a fresh issue of 0.16 crore shares of ₹3.22 crore.
Relicab Cable Manufacturing IPO bidding started from Mar 9, 2016 and ended on Mar 14, 2016. The shares got listed on BSE SME on Mar 22, 2016.
Relicab Cable Manufacturing IPO price is ₹20.00 per share . The lot size for an application is 6,000. The minimum amount of investment required by an individual investor (retail) is ₹1,20,000 (6000 shares). The minimum lot size investment for HNI is 2 lots (12,000 shares), amounting to ₹2,40,000.
Aryaman Financial Services Ltd. is the book running lead manager and Sharex Dynamic (India) Pvt.Ltd. is the registrar of the issue. The market maker of the company is Aryaman Capital Markets Ltd..
Refer to Relicab Cable Manufacturing IPO RHP for detailed Information.
| IPO Date | March 9, 2016 to March 14, 2016 |
| Listing Date | March 22, 2016 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹20 per share |
| Lot Size | 6,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 16,08,000 shares (aggregating up to ₹3.22 Cr) |
| Reserved for Market Maker | 96,000 shares Aryaman Capital Markets Ltd. (aggregating up to ₹0.1920 Cr) |
| Net Offered to Public | 15,12,000 shares (aggregating up to ₹3.02 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 29,74,530 shares |
| Share Holding Post Issue | 45,82,530 shares |
Relicab Cable IPO offers total 16,08,000 shares. Out of which 7,56,000 (47.01%) allocated to NII, 7,56,000 (47.01%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 96,000 (5.97%) |
| NII (HNI) Shares Offered | 7,56,000 (47.01%) |
| Retail Shares Offered | 7,56,000 (47.01%) |
| Total Shares Offered | 16,08,000 (100.00%) |
Relicab Cable Manufacturing IPO opens on March 9, 2016, and closes on March 14, 2016.
| IPO Open Date | Wed, Mar 9, 2016 |
| IPO Close Date | Mon, Mar 14, 2016 |
| Tentative Listing Date | Tue, Mar 22, 2016 |
| Cut-off time for UPI mandate confirmation | 5 PM on Mon, Mar 14, 2016 |
Investors can bid for a minimum of 6,000 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 | 6,000 | ₹1,20,000 |
| Retail (Max) | 1 | 6,000 | ₹1,20,000 |
| HNI (Min) | 2 | 12,000 | ₹2,40,000 |
Incorporated in 2009, Relicab Cable Manufacturing Ltd is engaged in the business of manufacturing and marketing of PVC Compounds and Wires and Cables.
Relicab manufacture wires and cables to provide cost-effective and quality solutions for various electrical connectivity requirements, mainly for the industrial segments. Relicab accomplish this through customised design and development, continuous research & development initiatives, quality manufacturing and reliable delivery of all varieties of cables. Relicab are involved in manufacturing a complete array of wires and cables that are used in diverse sectors encompassing virtually all industries like telecom, electrical, automotive and household appliances and the new field of wind energy.
Our product range includes a wide range of wires and cables including armored / unarmored and single core as well as multi core flexible cables, control & power cables, instrumentation cables etc. using high quality copper wires in HR, FR, FRLS, ZHFR forms and other raw materials. Our Company has as part of its backward integration initiative; an in-house PVC Compound manufacturing facility which supplies compound raw material for our Wires and Cables manufacturing business as well as being sold directly as finished goods to other users of PVC Compound. Relicab offer all types of PVC Compounds i.e. Insulation, Sheathing, Inner sheath, HR, FR, FRLS & Master batches.
The Company Relicab Cable Manufacturing 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 | Technological modifications andcertain augmentations in the factory | 0.35 |
| 2 | Long Term Working Capital | 1.66 |
| 3 | Refundable Security Deposit for Factory Premises | 0.50 |
| 4 | Funding expenditure for General Corporate Purposes | 0.25 |
[Dilip Davda] <p><span style="text-decoration: underline;"><strong>Issue is priced aggressively and the track record is not supporting. There is no harm in giving it a miss.</strong></span></p> Read detail review...
| Listing Date | March 22, 2016 |
| BSE Script Code | 539760 |
| NSE Symbol | |
| ISIN | INE773T01014 |
| Final Issue Price | ₹20 per share |
| BSE Listing Group | M |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹20.00 |
| Open | ₹20.00 |
| Low | ₹20.00 |
| High | ₹20.50 |
| Last Trade | ₹20.35 |
Relicab Cable Manufacturing Ltd.
57/1, (4-B) Benslore Industrial Estate,
Village Dunetha,
Nani Daman,
Daman, Dadra and Nagar Haveli and Daman and Diu, 396210
Phone: +91 260 3255493
Email: investor.relicab@gmail.com
Website: http://www.relicab.com/
Sharex Dynamic (India) Pvt.Ltd.
Phone: +91- 22 - 2851 5606
Email: shareindia@vsnl.com
Website:
Relicab Cable Manufacturing IPO is a SME IPO of 16,08,000 equity shares of the face value of ₹10 aggregating up to ₹3.22 Crores. The issue is priced at ₹20 per share. The minimum order quantity is 6000.
The IPO opens on March 9, 2016, and closes on March 14, 2016.
Sharex Dynamic (India) Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Relicab Cable Manufacturing IPO using UPI as a payment gateway. Zerodha customers can apply in Relicab Cable Manufacturing IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Relicab Cable Manufacturing IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Relicab Cable Manufacturing IPO opens on March 9, 2016 and closes on March 14, 2016.
Relicab Cable Manufacturing IPO lot size is 6000, and the minimum amount required for application is ₹1,20,000.
You can apply in Relicab Cable Manufacturing 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 Relicab Cable Manufacturing IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Relicab Cable Manufacturing IPO allotment status.
The Relicab Cable Manufacturing IPO listing date is on Tuesday, March 22, 2016.
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