Fixed Price IPO | ₹3 Cr | Listed at BSE SME | Wed, Mar 9, 2016 - Mon, Mar 14, 2016
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Wed, Mar 9, 2016
IPO Close
Mon, Mar 14, 2016
Issue Price
₹20 per share
Market Cap (Pre-IPO)
₹9.17 Cr
| IPO Date | 9 to 14 Mar, 2016 |
| Listed on | Tue, Mar 22, 2016 |
| Face Value | ₹10 per share |
| Issue Price | ₹20 per share |
| Lot Size | 6,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 16,08,000 shares (agg. up to ₹3 Cr) |
| Reserved for Market Maker | 96,000 shares Aryaman Capital Markets Ltd. (agg. up to ₹0.1920 Cr) |
| Fresh Issue (Ex Market Maker) | 15,12,000 shares (agg. up to ₹3 Cr) |
| Net Offered to Public | 15,12,000 shares (agg. up to ₹3 Cr) |
| Share Holding Pre Issue | 29,74,530 shares |
| Share Holding Post Issue | 45,82,530 shares |
| BSE Script Code | 539760 |
| ISIN | INE773T01014 |
Relicab Cable Manufacturing IPO comprises a total issue size of 16,08,000 shares. The net offer to the public is 15,12,000 shares, after excluding 96,000 shares allotted on a firm basis. Of the Net offer 7,56,000 (50.00%) allocated to NII 7,56,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 7,56,000 | 50.00% | 47.01% |
| Retail Shares Offered | 7,56,000 | 50.00% | 47.01% |
| Firm Reservations | |||
| Market Maker Shares Offered | 96,000 | 5.97% | |
| Total Shares Offered | 16,08,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 6,000 shares and in multiples thereof.
| 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.
| 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 | 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 |
Sorry, we couldn't find the subscription details. Note that the bidding starts at 10 AM and ends at 5 PM on the days when the public issue is open.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Issue Management fees including underwriting and selling commissions, brokerages, and payment to other intermediaries such as Legal Advisors, Registrars and other out of pocket expenses | 0.33 |
| 2 | Printing & Stationery, Distribution, Postage, etc. | 0.02 |
| 3 | Advertisement & Marketing Expenses | 0.02 |
| 4 | Regulatory & other expenses | 0.08 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹20.00 |
| Open | ₹20.00 |
| Low | ₹20.00 |
| High | ₹20.50 |
| Last Trade | ₹20.35 |
Lead Manager Reports
Relicab Cable Manufacturing IPO is a SME IPO of 16,08,000 equity shares of the face value of ₹10 aggregating up to ₹3 Crores. The issue is priced at ₹20 per share. The minimum order quantity is 6000.
The IPO opens on Wed, Mar 9, 2016, and closes on Mon, Mar 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 Wed, Mar 9, 2016 and closes on Mon, Mar 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 Tue, Mar 22, 2016.
