Bookbuilding IPO | ₹56 Cr | Listed at BSE, NSE | Tue, Mar 22, 2011 - Fri, Mar 25, 2011
Shilpi Cable Technologies IPO is a book build issue of ₹55.88 crores. The issue is entirely a fresh issue of 0.81 crore shares of ₹55.88 crore.
Shilpi Cable Technologies IPO bidding started from Mar 22, 2011 and ended on Mar 25, 2011. The shares got listed on BSE, NSE on Apr 8, 2011.
Shilpi Cable Technologies IPO price band is set at ₹69 per share. The lot size for an application is 79. The minimum amount of investment required by an retail is ₹5,451 (79 shares) (based on upper price). The lot size investment for sNII is 37 lots (2,923 shares), amounting to ₹2,01,687, and for bNII, it is 184 lots (14,536 shares), amounting to ₹10,02,984.
D&A Financial Services Pvt.Ltd. is the book running lead manager and Beetal Financial & Computer Services Pvt.Ltd. is the registrar of the issue.
Refer to Shilpi Cable Technologies IPO RHP for detailed Information.
IPO Open
Tue, Mar 22, 2011
IPO Close
Fri, Mar 25, 2011
Issue Price
₹69 per share
Market Cap (Pre-IPO)
₹222.86 Cr
| IPO Date | 22 to 25 Mar, 2011 |
| Listed on | Fri, Apr 8, 2011 |
| Face Value | ₹10 per share |
| Price Band | ₹65 to ₹69 |
| Issue Price | ₹69 per share |
| Lot Size | 79 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 80,98,762 shares (agg. up to ₹56 Cr) |
| Fresh Issue | 80,98,762 shares (agg. up to ₹56 Cr) |
| Share Holding Pre Issue | 2,42,00,000 shares |
| Share Holding Post Issue | 3,22,98,145 shares |
| BSE Script Code / NSE Symbol | 533389 / SHILPI |
| ISIN | INE510K01019 |
Shilpi Cable Technologies IPO comprises a total issue size of 80,98,145 shares. Out of which, 40,49,073 (50.00%) are allocated to QIB, 12,14,721 (15.00%) allocated to NII 28,34,351 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Total Issue | Max Allottees |
|---|---|---|---|
| QIB Shares Offered | 40,49,073 | 50.00% | NA |
| NII (HNI) Shares Offered | 12,14,721 | 15.00% | NA |
| Retail Shares Offered | 28,34,351 | 35.00% | 35,877 |
| Total Shares Offered | 80,98,145 | 100.00% |
Investors can bid for a minimum of 79 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 79 | ₹5,451 |
| Retail (Max) | 36 | 2,844 | ₹1,96,236 |
| S-HNI (Min) | 37 | 2,923 | ₹2,01,687 |
| S-HNI (Max) | 183 | 14,457 | ₹9,97,533 |
| B-HNI (Min) | 184 | 14,536 | ₹10,02,984 |
Incorporated in 2006, Shilpi Cable Technologies Limited is engaged in the business of manufacturing Radio frequency (RF) cables, widely used in telecom, automobile and power sectors. Company’s factory is located in Chopanki, Bhiwadi, Tehsil-Tijara, Dist. Alwar, Rajasthan.
Main products of the company are:
1. RF Cables of various sizes for the Telecom Sector
2. Low Voltage Power cables
3. Cable Accesories
| 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 raise funds for capital expenditure on Cable/ wire Assembly shop | 8.65 |
| 2 | To raise funds for capital expenditure on Tools for 3G enabling | 4.47 |
| 3 | To raise funds for capital expenditure on augmenting cable manufacturing capabilities | 16.22 |
| 4 | To raise funds towards margin for working capital for the proposed new businesses | 15.54 |
| 5 | To raise funds for investment in the Subsidiary of the Company, M/s Shilpi Cabletronics Limited | 5.00 |
| 6 | To raise funds for General corporate purposes | 3.00 |
| 7 | To meet the expenses of the issue | 3.00 |
| KPI | |
|---|---|
| RoNW | 24.61% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 99.94% | 42.17% |
| Market Cap | ₹222.86 Cr. |
The Shilpi Cables IPO is subscribed 3.48 times on March 25, 2011 5:00:00 PM (Day 4). The public issue subscribed 5.74 times in the retail category, 1.04 times in the QIB category, and 6.39 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 1.04 | 42,98,246 | |
| NII | 6.39 | 12,89,474 | |
| Retail | 5.74 | 30,08,772 | |
| Total | 3.48 | 85,96,492 |
CARE has assigned an IPO Grade 1 to Shilpi Cable Technologies Ltd IPO. This means as per CARE, company has 'Poor Fundamentals'. CARE assigns IPO grading on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals.Click here to download the CARE IPO Grading Document for Shilpi Cable Technologies Ltd.
Shilpi Cable Technologies Ltd IPO, Shilpi Cables IPO, Shilpi Cable IPO Bidding, Shilpi Cable Technologies IPO Allotment Status, Shilpi Cable IPO drhp and Shilpi Cable Technologies IPO listing.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead Management, Underwriting and Selling Commission and SCSB Commission | 0.74 |
| 2 | Advertisement and Marketing expenses | 1.00 |
| 3 | Printing and Stationery (including courier and transportation charges) | 0.50 |
| 4 | Registrar to the Issue | 0.06 |
| 5 | Advisors to the Issue | 0.11 |
| 6 | Fees paid to rating agency | 0.02 |
| 7 | Others (Processing fees, listing fee, Corporate Action charges etc.) | 0.57 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹69.00 | ₹69.00 |
| Open | ₹78.35 | ₹78.00 |
| Low | ₹45.45 | ₹45.40 |
| High | ₹84.65 | ₹84.70 |
| Last Trade | ₹47.60 | ₹48.05 |
Beetal Financial & Computer Services Pvt.Ltd.
Lead Manager Reports
Shilpi Cable Technologies IPO is a main-board IPO of 80,98,762 equity shares of the face value of ₹10 aggregating up to ₹56 Crores. The issue is priced at ₹69 per share. The minimum order quantity is 79.
The IPO opens on Tue, Mar 22, 2011, and closes on Fri, Mar 25, 2011.
Beetal Financial & Computer Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Shilpi Cable Technologies IPO using UPI as a payment gateway. Zerodha customers can apply in Shilpi Cable Technologies IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Shilpi Cable Technologies IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Shilpi Cable Technologies IPO opens on Tue, Mar 22, 2011 and closes on Fri, Mar 25, 2011.
Shilpi Cable Technologies IPO lot size is 79, and the minimum amount required for application is ₹5,451.
You can apply in Shilpi Cable Technologies 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 Shilpi Cable Technologies IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Shilpi Cable Technologies IPO allotment status.
The Shilpi Cable Technologies IPO listing date is on Fri, Apr 8, 2011.
