IPO Issue Details
Issue Price / Price Band₹40 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size3,000 Shares per Lot
Total Issue Size58,44,000 shares (aggregating up to ₹23.38 Cr)
Issue TypeFixed Price IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformBSE SME
IPO TypeSME
Subscription OpenMon, 04 Dec 2017
Subscription CloseWed, 06 Dec 2017
Anchor AllotmentSun, 03 Dec 2017
Basis of AllotmentMon, 11 Dec 2017
Initiation of RefundsMon, 11 Dec 2017
Credit of Shares to DematTue, 12 Dec 2017
Listing DateThu, 14 Dec 2017
UPI Mandate Deadline2017-12-06
Application & Investment Details
Retail — Min (1 Lots)120000 — 3000 shares
Retail — Max (13 Lots)₹1,560,000 (13 Lots)
HNI — Min (2 Lots)240000 — 6000 shares
Net Offer to Public55,44,000 shares (aggregating up to ₹22.18 Cr)
Reserved for Market Maker3,00,000 shares (aggregating up to ₹1.20 Cr)
Pre-IPO Promoter Holding1,61,70,000 shares
Post-IPO Promoter Holding2,20,14,000 shares
About Dynamic Cables Ltd
Incorporated in 2007, Dynamic Cables Limited is Jaipur, Rajasthan based manufacturer of Cables and Conductors. Company manufacture Low Voltage and High Voltage Power Cables, Aerial Bunched Cables, All Aluminium Conductor, All Aluminium Alloy Conductor, Aluminium conductor steel reinforced Conductors and Service Drop Cables used for transmission and distribution of Electricity. Dynamic Cables has three manufacturing units located in Jaipur. Company Design, Development, Manufacture, Testing and Supply the Cables. The products by the company are used in Industrial, Exports, Turnkey projects, Power Distribution Companies; Infrastructure works etc. in India and abroad. Dynamic Cables exports its products to countries including Kenya, Tanzania, TOGO, Nigeria, Benin, Uganda, Rwanda, NEPAL, Mauritius, Afghanistan, Jordan, Dubai etc.
Objects of the Issue
Dynamic Cables Ltd proposes to utilise the net proceeds from the Issue for the following objects:
1
To meet Working Capital requirements
21.39
2
To meet General Corporate Expenses
1.25
3
To meet Issue Expenses
0.74
Shareholding & Lock-in
Pre-IPO Promoter Holding
1,61,70,000 shares
Post-IPO Promoter Holding
2,20,14,000 shares