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.
Mr. Rahul Mangal and Mr. Ashish Mangal are the promoters of the Company.
Company intend to utilize the proceeds of the Issue to meet the following objects:
1. To Meet Working Capital requirements.
2. To Meet General Corporate Expenses
3. To Meet Issue Expenses
»» Issue Open: Dec 4, 2017 - Dec 6, 2017
»» Issue Type: Fixed Price Issue IPO
»» Issue Size: 5,844,000 Equity Shares of Rs 10 aggregating up to Rs 23.38 Cr
»» Face Value: Rs 10 Per Equity Share
»» Issue Price: Rs 40 Per Equity Share
»» Market Lot: 3000 Shares
»» Minimum Order Quantity: 3000 Shares
»» Listing At: BSE SME
Dynamic Cables IPO Subscription Status tells if Dynamic Cables IPO subscribed or not. Investors can bid for IPO shares between 10 AM to 5 PM when public issue is open. Dynamic Cables IPO oversubscribed if bids are received for more shares than what is offered by the company.
|Number of Bids Received|
|As on Date & Time||QIB||NII||RII||Total|
|Shares Offered / Reserved||0||2,922,000||2,922,000||5,844,000|
|Day 1 - Dec 4, 2017 17:00 IST||-||3,234,000||1,725,000||4,959,000|
|Day 2 - Dec 5, 2017 17:00 IST||-||8,322,000||10,212,000||18,534,000|
|Day 3 - Dec 6, 2017 17:00 IST||-||335,538,000||72,747,000||408,285,000|
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