The Dynamic Cables IPO date has been confirmed to have started on December 4, 2017 and ended on December 6, 2017.
Using an IPO, Dynamic Cables is seeking to raise Rs 23.38 crores. Its price is ₹40 per share. The minimum lot size for an application is 3000 Shares. The minimum amount of investment required by retail investors is ₹120,000.
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Bidding Dates
Dec 4-6
Price Range
₹40 per share
Face Value
₹10 per share
GMP
₹425.90
Dynamic Cables IPO GMP
The Dynamic Cables Limited IPO GMP is ₹425.90.
IPO Overview
Dynamic Cables’ initial public offering (IPO) has a set price of Rs 23.38 crores. Bidding for Dynamic Cables’ initial public offering (IPO) began on December 4, 2017 and closed on December 6, 2017. On December 14, 2017, the shares were listed on the BSE SME. The IPO price for Dynamic Cables is $40 per share. A lot size of 3000 shares is required for an application. Retail investors must make a minimum investment of $120,000 to participate.
The company’s products are employed in industrial, exports, turnkey projects, power distribution companies, infrastructure works, and other applications in India and overseas. Dynamic Cables sells its goods in Kenya, Tanzania, TOGO, Nigeria, Benin, Uganda, Rwanda, NEPAL, Mauritius, Afghanistan, Jordan, and Dubai, among other places.
Dynamic Cables IPO Details
| IPO Date | December 4, 2017 to December 6, 2017 |
| Listing Date | December 14, 2017 |
| Face Value | ₹10 per share |
| Price | ₹40 per share |
| Lot Size | 3000 Shares |
| Total Issue Size | 5,844,000 shares (aggregating up to ₹23.38 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
Dynamic Cables IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3000 | ₹120,000 |
| Retail (Max) | 1 | 3000 | ₹120,000 |
Dynamic Cables IPO Listing Details
| Listing Date | December 14, 2017 |
| BSE Script Code | 540795 |
| NSE Symbol | DYCL |
| ISIN | INE600Y01019 |
| Final Issue Price | ₹40 per share |
Company Profile
Dynamic Cables Limited, founded in 2007, is a cable and conductor manufacturer situated in Jaipur, Rajasthan. The company manufactures Low Voltage and High Voltage Power Cables, Aerial Bunched Cables, All Aluminium Conductors, All Aluminium Alloy Conductors, Aluminium Conductor Steel Reinforced Conductors and Service Drop Cables for electricity transmission and distribution. Jaipur is home to three Dynamic Cables manufacturing facilities. The company creates, develops, manufactures, tests, and supplies cables.
Registrar Info
| Name | Bigshare Services Pvt Ltd |
| Phone number | +91-22-6263 8200 |
| Email ID | ipo@bigshareonline.com |
| Website | ipo.bigshareonline.com |
Contact Details
| Name | Dynamic Cables Limited |
| Phone number | +91 141-2332388 |
| Email ID | info@dynamiccables.co.in |
| Website | dynamiccables.co.in |
IPO Strenghts
- 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.
