The Jigar Cables IPO date has been confirmed to have started on July 18, 2017 and ended on July 20, 2017. Read the post to learn about Jigar Cables IPO GMP.
Jigar Cables aims to secure Rs 21.60 crore through an Initial Public Offering (IPO). Each share of Jigar Cables is priced at ₹30 for its IPO. 4000 shares is the minimum lot size prerequisite for the application. To participate, retail investors are required to invest a minimum of ₹120,000.
Start your investing journey today. How do you open your own demat account for free?
Bidding Dates
July 18-20
Price Range
₹30 per share
Face Value
₹10 per share
GMP
₹44.50
Jigar Cables IPO GMP
The Jigar Cables Limited IPO GMP Today is ₹44.50.
IPO Overview
Jigar Cables’ IPO has been set at Rs 5.59 crores. Jigar Cables initiated its IPO on July 18, 2017, and it concluded on July 20, 2017. July 28, 2017 marked the listing of shares on the BSE SME. Investors can acquire shares of Jigar Cables at ₹30 each during its IPO. Jigar Cables Limited IPO GMP Today is ₹44.50. To proceed with the application, a lot size of 4000 shares is mandatory. Retail investors need to invest at least ₹120,000 to take part in the opportunity.
JCL recently founded Jigar Polymers Limited to produce PVC and XLPE, demonstrating a strategic step towards backward integration. Ultracab (India) Ltd, seen as a peer company, has joined hands in this venture. Notable clients of this endeavor include Indian Oil, ONGC, BSNL, Indian Railways, JNPT, and others.
Jigar Cables IPO Details
| IPO Date | July 18, 2017 to July 20, 2017 |
| Listing Date | July 28, 2017 |
| Face Value | ₹10 per share |
| Price | ₹30 per share |
| Lot Size | 4000 Shares |
| Total Issue Size | 1,864,000 shares (aggregating up to ₹5.59 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
Jigar Cables IPO Listing Day Trading Information
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹30.00 |
| Open | ₹33.15 |
| Low | ₹33.00 |
| High | ₹36.00 |
| Last Trade | ₹36.00 |
Jigar Cables IPO Listing Details
| Listing Date | July 28, 2017 |
| BSE Script Code | 540651 |
| NSE Symbol | |
| ISIN | INE943X01015 |
| Final Issue Price | ₹30 per share |
Company Profile
Jigar Cables Ltd (JCL) was founded in 2017 and holds ISO-9001:2015 certification. The company specializes in manufacturing electric wires and cables that adhere to both national and international standards, catering to specific customer needs. Throughout the last twenty years, the company’s merchandise has been consistently sold under the “SIGMA” label. Among Jigar’s offerings are Submersible Flat Cables, Flexible Cables, LT PVC Cables, Ariel Bunched Cables, and House Wires.
Registrar Info
| Name | Bigshare Services Pvt Ltd |
| Phone number | +91-22-6263 8200 |
| Email ID | [email protected] |
| Website | ipo.bigshareonline.com |
Contact Details
| Name | Jigar Cables Ltd |
| Phone number | + 2825 – 221422 |
| Email ID | [email protected] |
| Website | sigmacab.com |
IPO Strengths
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
Jigar Cables IPO FAQs
When Jigar Cables IPO will open?
The Jigar Cables IPO opens on July 18, 2017 and closes on July 20, 2017.
What is the lot size of Jigar Cables IPO?
Jigar Cables IPO lot size is 4000 Shares, and the minimum amount required is ₹120,000.
When is Jigar Cables IPO listing date?
The Jigar Cables IPO listing date is July 28, 2017.
