The Godha Cabcon Insulation date has been confirmed from April 27, 2018 and ended on May 3, 2018.
Godha Cabcon Insulation Developers IPO is a fixed price issue of Rs 9.90 crores. The price band is set at ₹30 to ₹33 per share. The minimum lot size for an application is 4000 Shares. The minimum amount of investment required by retail investors is ₹132,000.
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Bidding Dates
April 27-May 3
Price Range
₹30 to ₹33 per share
Face Value
₹10 per share
GMP
₹0.70
Godha Cabcon Insulation IPO GMP
The Godha Cabcon Insulation IPO GMP is ₹0.70.
IPO Overview
The Godha Cabcon Insulation IPO is a Rs 9.90 crore book-built issue. Bidding for Godha Cabcon Insulation’s initial public offering (IPO) began on April 27, 2018 and finished on May 3, 2018. On May 11, 2018, the shares were listed on the NSE SME. The pricing range for Godha Cabcon Insulation’s initial public offering (IPO) is ₹30 to ₹33.
It has 16 permanent employees at its manufacturing facility. A lot size of 4000 shares is required for an application. Retail investors must make a minimum commitment of ₹130,000.
Godha Cabcon Insulation IPO Details
| IPO Date | April 27, 2018 to May 3, 2018 |
| Listing Date | May 11, 2018 |
| Face Value | ₹10 per share |
| Price Band | ₹30 to ₹33 per share |
| Lot Size | 4000 Shares |
| Total Issue Size | 3,000,000 shares (aggregating up to ₹9.90 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Market Maker portion | 160,000 shares |
Godha Cabcon Insulation Company Financials
| Particulars | For the year/period ended (in Rs. Lacs) | |||||
|---|---|---|---|---|---|---|
| 31-Mar-17 | ||||||
| Total Assets | 1.28 | |||||
| Total Revenue | 0.00 | |||||
| Profit After Tax | (0.30) | |||||
Godha Cabcon Insulation IPO Listing Details
| Listing Date | May 11, 2018 |
| BSE Script Code | |
| NSE Symbol | GODHA |
| ISIN | INE925Y01010 |
| Final Issue Price | ₹33 per share |
Company Profile
Godha Cabcon & Insulation Limited, situated in Madhya Pradesh, was founded in 2016 and is a manufacturer of ACSR/AAAC/AAC Conductors. Tender/order-based sales/supply activities are used by the company. It was successful in obtaining several tenders and orders from the State Electricity Board on time. Among the heavy tenders were a few from:
- Madhya Pradesh Madhya Kshetra Vidyut Vitaran Co. Ltd. (Bhopal) for Rs 21 Crore in the year 2015 for AAAC Conductor. Earlier it received an order for Rs 25 Crores and
in 2016 further received an order for Rs 12.5 Crores (extension) due to before time delivery and better quality of products.
- Madhya Pradesh Poorva Kshetra Vidyut Vitaran Co. Ltd. for Rs 12.5 Crore in the year 2017 for AAAC Rabbit Conductor.
- Madhya Pradesh Paschim Kshetra Vidyut Vitaran Co. Ltd (Indore) for Rs 35 Crore in the year 2015 for AAAC Rabbit conductor.
Registrar Info
| Name | Kfin Technologies Limited |
| Phone number | 04067162222, 04079611000 |
| Email ID | einward.ris@karvy.com |
| Website | kosmic.kfintech.com |
Contact Details
| Name | Godha Cabcon & Insulation Limited |
| Phone number | +91 731 4029 509 |
| Email ID | compliance.godhacabcon@gmail.com |
| Website | godhacabcon.com |
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.
