The timeline for Shilpi Cables IPO bidding was from March 22, 2011 to March 25, 2011, with the shares being listed on BSE and NSE on April 8, 2011.
The IPO price band was set at ₹65 to ₹69 per share, with a minimum lot size of 79 shares and a minimum investment of ₹5,451 for retail investors. D And A Financial Services Private Ltd acted as the book running lead manager for the IPO, while Beetal Financial & Computer Services (P) Limited served as the registrar for the issue.
Shilpi Cables IPO Details
| IPO Date | March 22, 2011 to March 25, 2011 |
| Listing Date | April 8, 2011 |
| Face Value | ₹10 per share |
| Price Band | ₹65 to ₹69 per share |
| Lot Size | 79 Shares |
| Total Issue Size | 8,098,762 shares (aggregating up to ₹55.88 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
Shilpi Cables IPO Lot Size
Investors must bid for a minimum of 79 shares and can increase their bid in multiples of this amount. The table below illustrates the minimum and maximum investment limits for retail investors and HNI, both in terms of shares and monetary value.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 79 | ₹5,451 |
| Retail (Max) | 36 | 2844 | ₹196,236 |
Shilpi Cables IPO Reservation
Shilpi Cables IPO is offering a total of 8,596,492 shares. Out of these, 4,298,246 shares (50.00%) are allocated to Qualified Institutional Buyers (QIB), 1,289,474 shares (15.00%) are allocated to Non-Institutional Investors (NII), and 3,008,772 shares (35.00%) are allocated to Retail Individual Investors (RII). In the event of oversubscription, a minimum of 79 shares will be allotted to each of the 38,085 RII applicants, while both the small Non-Institutional Investors (sNII) and big Non-Institutional Investors (bNII) will receive a minimum of 2,923 shares.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | – | NA |
| QIB Shares Offered | 4,298,246 (50.00%) | NA |
| NII (HNI) Shares Offered | 1,289,474 (15.00%) | |
| Retail Shares Offered | 3,008,772 (35.00%) | 38,085 |
| Total Shares Offered | 8,596,492 (100%) |
About Shilpi Cable Technologies Ltd
Shilpi Cable Technologies Limited, established in 2006, operates in the manufacturing industry of Radiofrequency (RF) cables, which find extensive applications in the telecom, automobile, and power sectors. The company’s factory is in Chopanki, Bhiwadi, Tehsil-Tijara, Dist. Alwar, Rajasthan.
Main products of the company are:
- RF Cables of various sizes for the Telecom Sector
- Low Voltage Power cables
- Cable Accesories
Company Financials
| Particulars | 30-Sep-10 | 31-Mar-10 | 31-Mar-09 | 31-Mar-08 | 31-Mar-07 |
| Total Income | 11,613.89 | 17,480.64 | 4,733.21 | 1,143.06 | 0.00 |
| Profit After Tax (PAT) | 696.21 | 904.06 | (398.05) | (192.03) | (0.43) |
Objects of the Issue (Shilpi Cables IPO Objectives)
The object of the issue are:
- To raise funds for capital expenditure on Cable/ wire assembly shop;
- To raise funds for capital expenditure on tools for 3G enabling;
- To raise funds for capital expenditure on augmenting cable manufacturing capabilities;
- To raise funds for long term working capital requirement for the proposed new businesses;
- To raise funds for investment in the Subsidiary of the Company, M/s Shilpi Cabletronics Ltd;
- To raise funds for General corporate purposes ;and
- To meet the expenses of the issue.
Shilpi Cables IPO Subscription Status (Bidding Detail)
The Shilpi Cables IPO witnessed a subscription of 3.48 times on March 25, 2011 at 5:00:00 PM. The retail category experienced a subscription of 5.74 times, the QIB category witnessed a subscription of 1.04 times, and the NII category observed a subscription of 6.39 times.
| Category | Subscription (times) |
| QIB | 1.04 |
| NII | 6.39 |
| Retail | 5.74 |
| Total | 3.48 |
Shilpi Cable Technologies Ltd IPO Grading
According to CARE, Shilpi Cable Technologies Ltd IPO has been assigned an IPO Grade 1, indicating poor fundamentals. CARE utilizes a grading scale ranging from 5 to 1, with Grade 5 representing solid fundamentals and Grade 1 representing poor fundamentals.
Shilpi Cable Technologies Ltd IPO Tags:
The IPO of Shilpi Cable Technologies Ltd, the bidding for Shilpi Cables IPO, the allotment status of Shilpi Cable Technologies IPO, the drhp of Shilpi Cable IPO, and the listing of Shilpi Cable Technologies IPO should be taken into consideration.
Shilpi Cables IPO Listing Details
| Listing Date | April 8, 2011 |
| BSE Script Code | 533389 |
| NSE Symbol | SHILPI |
| ISIN | INE510K01019 |
| Final Issue Price | ₹69 per share |
Listing Day Trading Information
| Price Details | BSE | NSE |
| Final Issue Price | ₹69.00 | ₹69.00 |
| Open | ₹78.35 | ₹78.00 |
| Low | ₹45.45 | ₹45.40 |
| High | ₹84.65 | ₹84.70 |
| Last Trade | ₹47.60 | ₹48.05 |
Shilpi Cable Technologies Ltd Contact Details
Shilpi Cable Technologies Ltd
A-19/B-1 Extension
Mohan Cooperative Ind Estate, P.O. Badarpur
Mathura Road, New Delhi-110044
Phone: +91-11- 43117900,43117901
Email: [email protected]
Website: http://www.shilpicables.com
Shilpi Cables IPO Registrar
Beetal Financial & Computer Services (P) Limited
Phone: +91 11 29961281
Email: [email protected]
Website: http://www.beetalfinancial.com
Shilpi Cables IPO FAQs
Q1. What is Shilpi Cables IPO?
Ans.The main-board IPO of Shilpi Cables comprises 8,098,762 equity shares with a face value of ₹10, amounting to a total of ₹55.88 Crores. The shares are priced between ₹65 to ₹69 per share, with a minimum order quantity of 79 shares. The IPO is scheduled to open on March 22, 2011, and close on March 25, 2011. Beetal Financial & Computer Services (P) Limited is the registrar for the IPO, and the shares are proposed to be listed on BSE and NSE.
Q2. When Shilpi Cables IPO will open?
Ans.The IPO for Shilpi Cables commences on March 22, 2011, concluding on March 25, 2011.
Q3. What is the lot size of Shilpi Cables IPO?
Ans.The lot size for the Shilpi Cables IPO is 79 shares, with a minimum required amount of ₹5,451.
Q4. How to apply for Shilpi Cables IPO?
Ans.To apply for the Shilpi Cables IPO online, you may choose to use either UPI or ASBA as your payment method. ASBA IPO application can be accessed through the net banking feature of your bank account, while UPI IPO application is provided by brokers who do not offer banking services. For further information on how to apply for IPO online, please refer to Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank, and SBI Bank.
Q5. When is Shilpi Cables IPO allotment?
Ans.The Basis of Allotment for the Shilpi Cables IPO will be concluded on a specified date, and the shares allocated will be deposited into your demat account by a designated time.
Q6. When is Shilpi Cables IPO listing date?
Ans.The IPO listing date for Shilpi Cables is April 8, 2011.
