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Ultracab IPO is a fixed price issue of Rs 7.97 crores.
Ultracab IPO bidding started from September 15, 2014 and ended on September 23, 2014. The shares got listed on BSE SME on October 10, 2014.
Ultracab IPO price is ₹36 per share. The minimum lot size for an application is 3000 Shares. The minimum amount of investment required by retail investors is ₹108,000.
Pantomath Capital Advisors Pvt Ltd is the book running lead manager of the Ultracab IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for Ultracab IPO is Choice Equity Broking.
Refer to Ultracab IPO RHP for detailed information.
IPO Date | September 15, 2014 to September 23, 2014 |
Listing Date | October 10, 2014 |
Face Value | ₹10 per share |
Price | ₹36 per share |
Lot Size | 3000 Shares |
Total Issue Size | 2,214,000 shares (aggregating up to ₹7.97 Cr) |
Issue Type | Fixed Price Issue IPO |
Listing At | BSE SME |
Share holding pre issue | 5,800,000 |
Share holding post issue | 8,014,000 |
Market Maker portion | 114,000 shares Choice Equity Broking |
Investors can bid for a minimum of 3000 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 | 3000 | ₹108,000 |
Retail (Max) | 1 | 3000 | ₹108,000 |
Lot Size Calculator |
The promoters of the Company are Nitesh Vaghasiya, Pankaj Shingala, Sangeetaben Vaghasiya, Artiben Shingala and Nitesh Vaghasiya HUF.
Share Holding Pre Issue | 87.37% |
Share Holding Post Issue | 63.23% |
Ultracab is Rajkot, Gujrat based manufacturers and exporters of electric wires and cables. Company exports its products to countries like UK, UAE, Africa, Singapore, Uganda etc. It also offers customized products as per requirement of user industry. It manufactures various ranges of cables and wires.
To part finance its working capital requirements, the company is coming out with an equity issue of 2214000 equity shares of Rs. 10 each at a fixed price of Rs. 36 per share to mobilize Rs. 7.97 crore.
KPI | Values |
---|---|
RoNW | 14.19% |
The objects of the issue are:
1. Working capital requirements
2. Issue expenses
2. For general corporate purposes
[Dilip Davda]
SME investment is having entry barrier at entry and trading levels and many broking houses discourage marketing, recommendation and trading or deals on SME counters. Thus SME investment carries these additional blockades.
On merchant banker’s front, in past two mandates they have given marginal listing gains and currently quoting at better yields. Considering these, risks aver investors having surplus funds can park their money for medium to long term rewards. Others can just avoid it.
(Disclaimer: Author has no plans to invest in this IPO)
Read detail review...Listing Date | October 10, 2014 |
BSE Script Code | 538706 |
NSE Symbol | |
ISIN | INE010R01015 |
Final Issue Price | ₹36 per share |
Price Details |
---|
Final Issue Price |
Open |
Low |
High |
Last Trade |
BSE SME |
---|
₹36.00 |
₹38.00 |
₹38.00 |
₹38.70 |
₹38.05 |
Ultracab India Ltd
C-303, Imperial Heights,
150, Ring Road, Rajkot-05
Gujarat, India
Phone: +91 281 - 2588136 / 236
Email: ho@ultracab.in
Website: http://www.ultracab.in/
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email:
Website: https://ipo.bigshareonline.com/ipo_status.html
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Check our SME IPO Guide
Ultracab IPO is a SME IPO of 2,214,000 equity shares of the face value of ₹10 aggregating up to ₹7.97 Crores. The issue is priced at ₹36 per share. The minimum order quantity is 3000 Shares.
The IPO opens on September 15, 2014, and closes on September 23, 2014.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
The Ultracab IPO opens on September 15, 2014 and closes on September 23, 2014.
Ultracab IPO lot size is 3000 Shares, and the minimum amount required is ₹108,000.
You can apply in Ultracab 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 Ultracab IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Ultracab IPO allotment status.
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