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Ultracab IPO is a fixed price issue of ₹7.97 crores. The issue is entirely a fresh issue of 0.22 crore shares of ₹7.97 crore.
Ultracab IPO bidding started from Sep 15, 2014 and ended on Sep 23, 2014. The shares got listed on BSE SME on Oct 10, 2014.
Ultracab IPO price is ₹36.00 per share . The lot size for an application is 3,000. The minimum amount of investment required by an individual investor (retail) is ₹1,08,000 (3000 shares). The minimum lot size investment for HNI is 2 lots (6,000 shares), amounting to ₹2,16,000.
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 Choice Equity Broking Pvt.Ltd..
Refer to Ultracab IPO RHP for detailed Information.
| IPO Date | September 15, 2014 to September 23, 2014 |
| Listing Date | October 10, 2014 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹36 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 22,14,000 shares (aggregating up to ₹7.97 Cr) |
| Reserved for Market Maker | 1,14,000 shares Choice Equity Broking Pvt.Ltd. (aggregating up to ₹0.4104 Cr) |
| Net Offered to Public | 21,00,000 shares (aggregating up to ₹7.56 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 58,00,000 shares |
| Share Holding Post Issue | 80,14,000 shares |
Ultracab IPO offers total 22,14,000 shares. Out of which 10,50,000 (47.43%) allocated to NII, 10,50,000 (47.43%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,14,000 (5.15%) |
| NII (HNI) Shares Offered | 10,50,000 (47.43%) |
| Retail Shares Offered | 10,50,000 (47.43%) |
| Total Shares Offered | 22,14,000 (100.00%) |
Ultracab IPO opens on September 15, 2014, and closes on September 23, 2014.
| IPO Open Date | Mon, Sep 15, 2014 |
| IPO Close Date | Tue, Sep 23, 2014 |
| Tentative Listing Date | Fri, Oct 10, 2014 |
| Cut-off time for UPI mandate confirmation | 5 PM on Tue, Sep 23, 2014 |
Investors can bid for a minimum of 3,000 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 | 3,000 | ₹1,08,000 |
| Retail (Max) | 1 | 3,000 | ₹1,08,000 |
| HNI (Min) | 2 | 6,000 | ₹2,16,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Ultracab is Rajkot, Gujrat based manufacturers and exporters of electric wires and cables. Company exports its products to countries like UK, UAE, Africa, Singapore, Uganda etc. It also offers customized products as per requirement of user industry. It manufactures various ranges of cables and wires.
To part finance its working capital requirements, the company is coming out with an equity issue of 2214000 equity shares of Rs. 10 each at a fixed price of Rs. 36 per share to mobilize Rs. 7.97 crore.
| KPI | Values |
|---|---|
| RoNW | 14.19% |
The Company Ultracab 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 | Working Capital Requirement | 6.57 |
| 2 | Issue expenses | 0.40 |
| 3 | General Corporate Purposes | 1.00 |
[Dilip Davda] <p>SME investment is having entry barrier at entry and trading levels and many broking houses discourage marketing, recommendation and trading or deals on SME counters. Thus SME investment carries these additional blockades.</p> <p>On merchant banker’s front, in past two mandates they have given marginal listing gains and currently quoting at better yields. Considering these, risks aver investors having surplus funds can park their money for medium to long term rewards. Others can just avoid it.</p> <p>(Disclaimer: Author has no plans to invest in this IPO)</p> Read detail review...
| Listing Date | October 10, 2014 |
| BSE Script Code | 538706 |
| NSE Symbol | |
| ISIN | INE010R01015 |
| Final Issue Price | ₹36 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹36.00 |
| Open | ₹38.00 |
| Low | ₹38.00 |
| High | ₹38.70 |
| Last Trade | ₹38.05 |
Ultracab (India) Ltd.
C-303, Imperial Heights,
150, Ring Road, Rajkot-05
Gujarat, India
Rajkot, Gujarat
Phone: +91 281 - 2588136 / 236
Email: ho@ultracab.in
Website: http://www.ultracab.in/
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email:
Website: https://ipo.bigshareonline.com/IPO_Status.html
Ultracab IPO is a SME IPO of 22,14,000 equity shares of the face value of ₹10 aggregating up to ₹7.97 Crores. The issue is priced at ₹36 per share. The minimum order quantity is 3000.
The IPO opens on September 15, 2014, and closes on September 23, 2014.
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 Ultracab IPO using UPI as a payment gateway. Zerodha customers can apply in Ultracab IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Ultracab IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Ultracab IPO opens on September 15, 2014 and closes on September 23, 2014.
Ultracab IPO lot size is 3000, and the minimum amount required for application is ₹1,08,000.
You can apply in Ultracab 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 Ultracab IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Ultracab IPO allotment status.
The Ultracab IPO listing date is on Friday, October 10, 2014.
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