Fixed Price IPO | ₹8 Cr | Listed at BSE SME | Mon, Sep 15, 2014 - Tue, Sep 23, 2014
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Mon, Sep 15, 2014
IPO Close
Tue, Sep 23, 2014
Issue Price
₹36 per share
Market Cap (Pre-IPO)
₹28.85 Cr
| IPO Date | 15 to 23 Sep, 2014 |
| Listed on | Fri, Oct 10, 2014 |
| Face Value | ₹10 per share |
| Issue Price | ₹36 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 22,14,000 shares (agg. up to ₹8 Cr) |
| Reserved for Market Maker | 1,14,000 shares Choice Equity Broking Pvt.Ltd. (agg. up to ₹0.4104 Cr) |
| Fresh Issue (Ex Market Maker) | 21,00,000 shares (agg. up to ₹8 Cr) |
| Net Offered to Public | 21,00,000 shares (agg. up to ₹8 Cr) |
| Share Holding Pre Issue | 58,00,000 shares |
| Share Holding Post Issue | 80,14,000 shares |
| BSE Script Code | 538706 |
| ISIN | INE010R01015 |
Ultracab IPO comprises a total issue size of 22,14,000 shares. The net offer to the public is 21,00,000 shares, after excluding 1,14,000 shares allotted on a firm basis. Of the Net offer 10,50,000 (50.00%) allocated to NII 10,50,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 10,50,000 | 50.00% | 47.43% |
| Retail Shares Offered | 10,50,000 | 50.00% | 47.43% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,14,000 | 5.15% | |
| Total Shares Offered | 22,14,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 3,000 shares and in multiples thereof.
| 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 |
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.
| 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 | Working Capital Requirement | 6.57 |
| 2 | General Corporate Purposes | 1.00 |
| KPI | |
|---|---|
| RoNW | 14.19% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 87.37% | 87.37% |
| Market Cap | ₹28.85 Cr. |
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 | Payment to Merchant Banker including expenses towards printing, advertising, and payment to other intermediaries such as Registrars, Market Makers, Bankers etc. | 0.32 |
| 2 | Regulatory fees | 0.05 |
| 3 | Marketing and Other Expenses | 0.03 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹36.00 |
| Open | ₹38.00 |
| Low | ₹38.00 |
| High | ₹38.70 |
| Last Trade | ₹38.05 |
Lead Manager Reports
Ultracab IPO is a SME IPO of 22,14,000 equity shares of the face value of ₹10 aggregating up to ₹8 Crores. The issue is priced at ₹36 per share. The minimum order quantity is 3000.
The IPO opens on Mon, Sep 15, 2014, and closes on Tue, Sep 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 Mon, Sep 15, 2014 and closes on Tue, Sep 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 Fri, Oct 10, 2014.
