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Jigar Cables IPO is a fixed price issue of Rs 5.59 crores.
Jigar Cables IPO bidding started from July 18, 2017 and ended on July 20, 2017. The shares got listed on BSE SME on July 28, 2017.
Jigar Cables IPO price is ₹30 per share. The minimum lot size for an application is 4000 Shares. The minimum amount of investment required by retail investors is ₹120,000.
Pantomath Capital Advisors Pvt Ltd is the book running lead manager of the Jigar Cables IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.
Refer to Jigar Cables IPO RHP for detailed information.
| 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 |
| Share holding pre issue | 5,168,000 |
| Share holding post issue | 7,032,000 |
Jigar Cables IPO offers 1,864,000 shares. 932,000 (50.00%) to NII, 932,000 (50.00%) to RII.
| Investor Category | Shares Offered | |
|---|---|---|
| Anchor Investor Shares Offered | - | |
| Market Maker Shares Offered | - | - |
| Other Shares Offered | 932,000 (50.00%) | |
| Retail Shares Offered | 932,000 (50.00%) | |
| Total Shares Offered | 1,864,000 (100%) |
Investors can bid for a minimum of 4000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 4000 | ₹120,000 |
| Retail (Max) | 1 | 4000 | ₹120,000 |
| Lot Size Calculator | |||
Incorporated in 2017, Jigar Cables Ltd (JCL) is an ISO-9001:2015 certified company having its facility at Gondal, Dist Rajkot in Gujarat, manufacturing electric wires and cables as per national & international standards and customer's specifications.
Company sells its products under “SIGMA” brand since last two decades. Jigar's product range includes Submersible Flat Cables, Flexible Cables, LT PVC Cables, Ariel Bunched Cables and House Wires. JCL has recently incorporated a new Company under the name of Jigar Polymers Limited for manufacturing of PVC and XLPE as backward integration. This group came with Ultracab (India) Ltd which is considered its peer. Company's client list include Indian oil, ONGC, BSNL, Indian Railways, JNPT etc.
The object of the issue are to:
1. Repayment/ Prepayment in full or in part of certain borrowings availed by the Company;
2. Working Capital requirements;
3. General Corporate Purposes.
[Dilip Davda] Considering aggressive pricing of Jigar Cables SME IPO, there is no harm in giving it a miss. Read detail review...
The Jigar Cables IPO is subscribed times on July 19, 2017 5:00:00 PM. The public issue subscribed times in the retail category, times in the QIB category, and times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| Other | |
| Retail | |
| Total |
| Listing Date | July 28, 2017 |
| BSE Script Code | 540651 |
| NSE Symbol | |
| ISIN | INE943X01015 |
| Final Issue Price | ₹30 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE SME |
|---|
| ₹30.00 |
| ₹33.15 |
| ₹33.00 |
| ₹36.00 |
| ₹36.00 |
Jigar Cables Ltd
Plot No.164/14 & 15 Jamwadi,
G.I.D.C Gondal,
Rajkot - 360311
Phone: + 2825 - 221422
Email: cs@sigmacab.com
Website: http://www.sigmacab.com
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
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Jigar Cables IPO is a SME IPO of 1,864,000 equity shares of the face value of ₹10 aggregating up to ₹5.59 Crores. The issue is priced at ₹30 per share. The minimum order quantity is 4000 Shares.
The IPO opens on July 18, 2017, and closes on July 20, 2017.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
The Jigar Cables IPO opens on July 18, 2017 and closes on July 20, 2017.
Jigar Cables IPO lot size is 4000 Shares, and the minimum amount required is ₹120,000.
You can apply in Jigar Cables IPO online using either UPI or ASBA as 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 apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Jigar Cables IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Jigar Cables IPO allotment status.
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