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Jigar Cables Ltd IPO (Jigar Cables IPO) Detail

Jul 18, 2017 - Jul 20, 2017

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.

Company Promoters:

The promoters of the company are:

1. Parshottam Vaghasiya
2. Vijay Shingala

Objects of the Issue:

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.

Issue Detail:

  »»  Issue Open: Jul 18, 2017 - Jul 20, 2017
  »»  Issue Type: Fixed Price Issue IPO
  »»  Issue Size: 1,864,000 Equity Shares of Rs 10 aggregating up to Rs 5.59 Cr
  »»  Face Value: Rs 10 Per Equity Share
  »»  Issue Price: Rs 30 Per Equity Share
  »»  Market Lot: 4000 Shares
  »»  Minimum Order Quantity: 4000 Shares
  »»  Listing At: BSE SME

Jigar Cables IPO Reviews:

  1. Jigar Cables Ltd IPO review by Dilip Davda

Issue Subscription Detail / Current Bidding Status

Number of Bids Received
As on Date & TimeQIBNIIRIITotal
Shares Offered / Reserved0932,000932,0001,864,000
Day 1 - Jul 18, 2017 17:00 IST0424000268000692000
Day 2 - Jul 19, 2017 17:00 IST0262400017960004420000

Jigar Cables IPO Prospectus

Jigar Cables IPO Rating

84
3.9
Rating:Rated 3.9 stars

Vote Here ...

Jigar Cables IPO Listing Date

  •   ›  Listing Date: Friday, July 28, 2017
  •   ›  BSE Script Code: 540651
  •   ›  NSE Symbol:
  •   ›  Listing In: ‘M’ Group of Securities
  •   ›  ISIN: INE943X01015
  •   ›  Issue Price: Rs 30 Per Equity Share
  •   ›  Face Value: Rs 10 Per Equity Share

Listing Day Trading Information

.
Issue Price:
Open:
Low:
High:
Last Trade:
Volume:
BSE SME
Rs 30.00
Rs 33.15
Rs 33.00
Rs 36.00
Rs 36.00
404,000

Jigar Cables IPO News Alerts

No alert found.

Company Contact Information

Jigar Cables Ltd
Plot No.164/14 & 15 Jamwadi,
G.I.D.C Gondal,
Rajkot - 360311
Phone: + 2825 - 221422
Fax: NA
Email: cs@sigmacab.com
Website: http://www.sigmacab.com

Jigar Cables IPO Registrar

Bigshare Services Pvt. Ltd   »  Report
   Bigshare Services Pvt Ltd E-2 & 3,
   Ansa Industrial Estate, Saki-Vihar Road,
   Sakinaka, Andheri(E), Mumbai - 400 072

Phone: 91-22-40430200
Fax: 91-22-2847 5207
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com

Jigar Cables IPO Lead Manager(s)

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Jigar Cables IPO Review / Comments

avatar
30. Harry Singh  Aug 3, 2017 7:34:29 PM IST I Like It. | Report Abuse Reply
As total subscription comes below 10 percent good chance now to get allocation on atleast 2 applications out of 12...finger crossed waheguru...
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30.1. Harry Singh  Aug 3, 2017 7:36:23 PM IST I Like It. | Report Abuse
its abt cochin didnot know from where this cable company comes..hahaa nothing knows abt it,never heard of.
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29. STOCKT  Jul 28, 2017 9:36:52 AM IST I Like It. | Report Abuse Reply
Top Contributor Top Contributor (300+ Posts, 200+ Likes)
As predicted this stock should come to same Value as ultra cab that is 100+.keep holding
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28. STOCKT  Jul 27, 2017 4:20:22 PM IST I Like It. 1 | Report Abuse Reply
Top Contributor Top Contributor (300+ Posts, 200+ Likes)
hope to see 2 or 3 upper circuits.hoerver my take is hold for long term gains and dont watch stock for 6 months for more returns
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27. Hakimuddin lashkerwala  Jul 26, 2017 10:44:05 PM IST I Like It. | Report Abuse Reply
No allotment for 2 application
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26. STOCKT  Jul 26, 2017 5:41:57 PM IST I Like It. 1 | Report Abuse Reply
Top Contributor Top Contributor (300+ Posts, 200+ Likes)
its the same company which has ultrcab india which has now become 4 times issue price

keep holding for long term gains
avatar
25. Prakash Baheti  Jul 26, 2017 11:48:15 AM IST I Like It. | Report Abuse Reply
No allotment .....
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24. CA M&co.Jodhpur  Jul 26, 2017 10:19:42 AM IST I Like It. 2 | Report Abuse Reply
avatar
23. Vimalkaria  Jul 20, 2017 10:51:14 PM IST I Like It. | Report Abuse Reply
Thanks Gala
How much subscribe
Shanti overseas apply?
Thanks
avatar
23.1. gala  Jul 22, 2017 10:48:37 AM IST I Like It. | Report Abuse
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
After watching subscription figures only apply ....... Will update you
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22. Prabhakaran Kuppusamy  Jul 20, 2017 6:21:32 PM IST I Like It. | Report Abuse Reply
Top Contributor Top Contributor (300+ Posts, 200+ Likes)
Not accurate.
To be exact it is subscribed 8.6266094420600858369098712446352 times :)
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21. lakshya agg  Jul 20, 2017 3:53:20 PM IST I Like It. | Report Abuse Reply
10 x SUBCRIBED
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20. Vimalkaria  Jul 20, 2017 7:55:48 AM IST I Like It. | Report Abuse Reply
Galaji
Review of Jigar cable
Apply or unapply?
avatar
20.1. gala  Jul 20, 2017 2:28:41 PM IST I Like It. | Report Abuse
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
Obviously there is no positive but pantomath is the only positive. .... I dint apply bt there is no harm to take risk fr short term ..... See bansal .... Shrenik ....
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19. Prabhakaran Kuppusamy  Jul 19, 2017 7:26:12 PM IST I Like It. 3 | Report Abuse Reply
Top Contributor Top Contributor (300+ Posts, 200+ Likes)
Pros:

Cons:
Very new company in very competitive sector
Negative cash-flow
Worst ROE and ROCE
Raw material cost is eating more than 90% of sales
Too many rights issue/allotment in very little time
It''s a company that has sales in crores and profit in thousands

There are many more negatives we can keep on adding.
It''s a clear AVOID at any price.
avatar
19.1. News  Jul 19, 2017 11:44:37 PM IST I Like It. | Report Abuse
thax for advice
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18. Prabhakaran Kuppusamy  Jul 19, 2017 7:20:32 PM IST I Like It. | Report Abuse Reply
Top Contributor Top Contributor (300+ Posts, 200+ Likes)
Key operating ratios

Year end      Mar 17
EPS(Rs)      0.02
Book value(Rs)      11.78
CEPS(Rs)      0.07
NPM(%)      -
OPM(%)      12.00
ROCE(%)      6.88
ROE(%)      -
Debt/equity      0.96
Interest cover      1.00
avatar
17. Prabhakaran Kuppusamy  Jul 19, 2017 7:20:15 PM IST I Like It. | Report Abuse Reply
Top Contributor Top Contributor (300+ Posts, 200+ Likes)
Cash flow analysis(Rs.in Crs.)
Year end      Mar 17
NOPAT      -
Operating cash flow      -0.66
Free cash flow      -0.52
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16. Prabhakaran Kuppusamy  Jul 19, 2017 7:19:58 PM IST I Like It. | Report Abuse Reply
Top Contributor Top Contributor (300+ Posts, 200+ Likes)
Key financials (Rs.in Crs.)
Year end      Mar 17
Net sales      1.25
Operating profit      0.15
Net profit      -
Equity cap pd      4.50
avatar
15. Prabhakaran Kuppusamy  Jul 19, 2017 7:19:36 PM IST I Like It. | Report Abuse Reply
Top Contributor Top Contributor (300+ Posts, 200+ Likes)
P & L Account(Rs.in Crs.)

Year      Mar 17(2)
Sales Turnover      1.25
Other Income      0.02
Stock Adjustments      0.45
Total Income      1.72
Raw Materials      1.13
Excise Duty      0.00
Power & Fuel Cost      0.06
Other Manufacturing Expenses      0.00
Employee Cost      0.06
Selling and Administration Expenses      0.33
Miscellaneous Expenses      0.00
Less: Preoperative Expenditure Capitalised      0.00
Profit before Interest, Depreciation & Tax      0.15
Interest & Financial Charges      0.12
Profit before Depreciation & Tax      0.03
Depreciation      0.03
Profit Before Tax      0.00
Tax      0.00
Profit After Tax      0.00
Adjustment below Net Profit      0.00
P & L Balance brought forward      0.00
Appropriations      0.00
P & L Bal. carried down      0.00
Equity Dividend      0.00
Preference Dividend      0.00
Corporate Dividend Tax      0.00
Equity Dividend (%)      0.00
Earning Per Share (Rs.)      0.02
Book Value      11.78
Extraordinary Items      0.00
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14. Prabhakaran Kuppusamy  Jul 19, 2017 7:19:06 PM IST I Like It. | Report Abuse Reply
Top Contributor Top Contributor (300+ Posts, 200+ Likes)
Balance Sheet(Rs.in Crs.)

Year      Mar 17
Share Capital      4.50
Reserves & Surplus      0.80
Total Shareholders Funds      5.30
Secured Loans      4.99
Unsecured Loans      0.18
Total Debt      5.17
Total Liabilities      10.47
Gross Block      2.01
Less: Accum. Depreciation      0.86
Net Block      1.15
Capital Work in Progress      0.26
Investments      0.00
Inventories      5.31
Sundry Debtors      2.02
Cash and Bank Balance      1.02
Loans and Advances      1.05
Current Liabilities      0.24
Provisions      0.10
Net Current Assets      9.06
Miscellaneous Expenses not w/o      0.00
Total Assets      10.47
Contingent Liabilities      0.00
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13. Prabhakaran Kuppusamy  Jul 19, 2017 7:18:42 PM IST I Like It. | Report Abuse Reply
Top Contributor Top Contributor (300+ Posts, 200+ Likes)
Capital History
Year      Equity Capital       Remarks
201705      5.168        further allotment
201703      4.5        Rights Issue
201702      4.1        Subscriber to MOA
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12. Navin Bhanvadiya  Jul 19, 2017 5:36:35 PM IST I Like It. | Report Abuse Reply
Turnover and net profits for 2015-16 Rs. 9.36 cr. / Rs. 0.003 cr
Turnover and net profits for 2016-17Rs. 13.36 cr. / Rs. 0.05 cr. (for period ended 6th February 2017 as partnership firm) and from 07.02.17 to 31.03.17 it posted turnover of Rs. 1.27 crore with a net profit of Rs. 0.002 cr.
If we take latest earnings (on combined basis) and attribute it on fully diluted equity post issue, then asking price is at very high PE Multiple
avatar
11. Kevin  Jul 19, 2017 1:08:39 PM IST I Like It. | Report Abuse Reply
I can''t comment about IPO price right now, But I can say it''s a genuine company with genuine business with strong position in their field.

It''s a Ultracab group compnay. http://www.chittorgarh.com/ipo/ultracab_ipo/434/
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