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Shilpi Cable Technologies Ltd IPO (Shilpi Cables IPO) Detail

Mar 22, 2011 - Mar 25, 2011        
  
   

Incorporated in 2006, Shilpi Cable Technologies Limited is engaged in the business of manufacturing Radio frequency (RF) cables, widely used in telecom, automobile and power sectors. Company’s factory is located in Chopanki, Bhiwadi, Tehsil-Tijara, Dist. Alwar, Rajasthan.

Main products of the company are:

1. RF Cables of various sizes for the Telecom Sector
2. Low Voltage Power cables
3. Cable Accesories

Company Promoters:

The Promoters of the Company are:

1. Mr. Mukesh Kumar Gupta;
2. Mr. Manish Goel; and
3. M/s Shilpi Communication Private Limited

Company Financials:

ParticularsFor the year/period ended (in Rs. Lacs)
30-Sep-1031-Mar-1031-Mar-0931-Mar-0831-Mar-07
Total Income11,613.8917,480.644,733.211,143.060.00
Profit After Tax (PAT)696.21904.06(398.05)(192.03)(0.43)

Objects of the Issue:

The object of the issue are:

1. To raise funds for capital expenditure on Cable/ wire assembly shop;
2. To raise funds for capital expenditure on tools for 3G enabling;
3. To raise funds for capital expenditure on augmenting cable manufacturing capabilities;
4. To raise funds for long term working capital requirement for the proposed new businesses;
5. To raise funds for investment in the Subsidiary of the Company, M/s Shilpi Cabletronics Ltd;
6. To raise funds for General corporate purposes ;and
7. To meet the expenses of the issue.

Issue Detail:

  »»  Issue Open: Mar 22, 2011 - Mar 25, 2011
  »»  Issue Type: 100% Book Built Issue IPO
  »»  Issue Size: 8,098,762 Equity Shares of Rs. 10
  »»  Issue Size: Rs. 55.88 Crore
  »»  Face Value: Rs. 10 Per Equity Share
  »»  Issue Price: Rs. 65 - Rs. 69 Per Equity Share
  »»  Market Lot: 79 Shares
  »»  Minimum Order Quantity: 79 Shares
  »»  Listing At: BSE, NSE

Shilpi Cable Technologies Ltd IPO Grading

CARE has assigned an IPO Grade 1 to Shilpi Cable Technologies Ltd IPO. This means as per CARE, company has 'Poor Fundamentals'. CARE assigns IPO grading on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals.Click here to download the CARE IPO Grading Document for Shilpi Cable Technologies Ltd.

Check IPO Ratings from other stock analysts.

Shilpi Cable Technologies Ltd IPO Tags:

Shilpi Cable Technologies Ltd IPO, Shilpi Cables IPO, Shilpi Cable IPO Bidding, Shilpi Cable Technologies IPO Allotment Status, Shilpi Cable IPO drhp and Shilpi Cable Technologies IPO listing.

Shilpi Cables IPO Reviews:

  1. MLR Securities Pvt Ltd says 'Avoid' to Shilpi Cable Technologies Ltd IPO

Issue Subscription Detail / Current Bidding Status

Number of Times Issue is Subscribed (BSE + NSE)
As on Date & TimeQualified Institutional Buyers (QIBs)Non Institutional Investors (NIIs)Retail Individual Investors (RIIs)Total
Shares Offered / Reserved 4,298,246  1,289,474  3,008,772  8,596,492 
 Day 1 - Mar 22, 2011 17:00 IST 0.3700 0.0000 0.0100 0.1900 
 Day 2 - Mar 23, 2011 17:00 IST 0.7100 0.0000 0.1200 0.4000 
 Day 3 - Mar 24, 2011 17:00 IST 1.0400 0.5600 0.7300 0.8500 
 Day 4 - Mar 25, 2011 17:00 IST 1.0400 6.3900 5.7400 3.4800 

Shilpi Cables IPO News Alerts

  1. Wednesday, April 6, 2011 5:27:56 AM
    IPO Listing - Shilpi Cable Technologies Ltd
  2. Saturday, April 2, 2011 9:33:04 AM
    IPO Allotment - Shilpi Cable Technologies Ltd
  3. Friday, March 25, 2011 11:03:28 AM
    Shilpi Cable IPO finally subscribed 3.48 times
  4. Wednesday, March 23, 2011 10:39:48 AM
    Shilpi Cable IPO subscribed 0.40 times on day 2
  5. Friday, March 18, 2011 9:31:15 AM
    Upcoming IPO - Shilpi Cable Technologies Ltd

Shilpi Cables IPO Rating

   Rating: 3.3
202
3.3
Rating:Rated 3.3 stars

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Shilpi Cables IPO Listing Date

Listing Date:Friday, April 8, 2011
BSE Scrip Code:533389
NSE Symbol:SHILPI
Listing In:'B' Group of Securities
Sector:Telecom
ISIN:INE510K01019
Issue Price:Rs. 69.00 Per Equity Share
Face Value:Rs. 10.00 Per Equity Share

Listing Day Trading Information

BSE
Issue Price:Rs. 69.00
Open:Rs. 78.35
Low:Rs. 45.45
High:Rs. 84.65
Last Trade:Rs. 47.60
Volume:38,498,254
NSE
Rs. 69.00
Rs. 78.00
Rs. 45.40
Rs. 84.70
Rs. 48.05
51,820,648

Shilpi Cables IPO Prospectus

Company Contact Information

Registered Office :
    A-19/B-1 Extension
    Mohan Cooperative Ind Estate, P.O. Badarpur
    Mathura Road, New Delhi-110044
Phone: +91-11- 43117900,43117901
Fax: +91-11- 43117922
Email: ipo@shilpicabletech.com
Website: http://www.shilpicables.com

Shilpi Cables IPO Registrar

Beetal Financial & Computer Services (P) Limited   »  Report
   Beetal House, 3rd Floor,
   99, Madangir, Behind Local Shopping Centre,
   New Delhi – 110062

Phone: +91 11 29961281
Fax: +91 11 29961284
Email: shilpi_ipo@beetalfinancial.com
Website: http://www.beetalfinancial.com

Shilpi Cables IPO Lead Manager(s)


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Shilpi Cables IPO Messages (Shilpi Cables IPO Comments)

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489. seenuipo  May 3, 2011 12:33:19 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
seenuipo's - IPO Comments,  Public Profile

Dear varunpatel,

I am in Angel broking and he is permiting duly taking margin money as applicable.

All IPOs I made long & short or short & long on listing day without any objection form broker.

 

488. varunpatel  May 3, 2011 11:45:29 AM IST |   Reply  |  I Like It.  Like  |  Report Abuse
varunpatel's - IPO Comments,  Public Profile

@ 487. seenuipo,

Can we short a stock on it's listing day? I don't think we can. Can anyone please confirm this?

 

487. seenuipo  May 1, 2011 8:59:13 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
seenuipo's - IPO Comments,  Public Profile

My dear n kumar ji,
Both shilpi cable and omkar have never trapped the trader those sitting infront screen on listing day.
1).You can recollect what happened regarding shilpi,
it has listed around Rs 79/- and gone upto Rs 83 from there it has gone upto Rs 45 without any confusion.Those made a short while crossing issue price have got hand some profit even he was long at Rs 83 (83-69 =14)< (69-45=24).

2).In case of omkar it has stayed above issue price more than some seconds where some lakhs of shares traded already by that time.The people who made short after price crossed its issue price(fundametal rule of IPos)got windfall profit without any hesitation and any confusion.

 

486. Sreedhar  Apr 11, 2011 12:31:11 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
Sreedhar's - IPO Comments,  Public Profile

Dear vas nat,
I have gone through the report 1 month back.But there are some errors in calculations,major one being people while comparing an upcoming issue with an existing one get their mathematics wrong.They had calculated Mannapuram present P/BV & PE with Muthoot finance last year financials.I expect the price to be 170-190 & FY11 EPS post IPO equity to be around 12 which means IPO is coming around 15-16 Trailing PE which makes it a decent issue.
People jump the gun & give their analysis before hand without making it an apple & apple comparison.Same was done by first choice ipo analyst Prasanna who compared previous year Lovable financials with current year maxwell & page industries.

 

485. vipul patwari  Apr 10, 2011 9:30:33 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
vipul patwari's - IPO Comments,  Public Profile

Hey Sreedhar....please suggest man what to do in PTC Financial. I bought 1 lot of ipo. Will it go up or not? Also what do u say about JP associates? I bought it at 91.

 

484. IPO/STOCK GURO  Apr 10, 2011 7:31:19 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
IPO/STOCK GURO's - IPO Comments,  Public Profile

S.P Tulsiyan boola 150 tak jayga, woh 45 tak a gaya SEBI ko turant action layna chahiya yah admi moneycontrol pay public ko gumrah kar raha hi.

 

483. KK Natarajan  Apr 9, 2011 10:43:34 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
KK Natarajan's - IPO Comments,  Public Profile

487,Raja Batra,
Well Done. Hats off to you! Thanks for giving the details about Anna. He has succeeded...rather people have succeeded.

 

482. cdkgupta  Apr 9, 2011 8:38:01 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
cdkgupta's - IPO Comments,  Public Profile

From Money control.com
US markets end lower; oil prices hit 32-month high
Published on Sat, Apr 09, 2011 at 09:31 | Updated at Sat, Apr 09, 2011 at 15:27 | Source : Reuters
Share



ALSO READ
See how Asian markets are doing
BSE | NSE 08/04/11

US stocks fell late on Friday as a spike in oil prices revived worries that inflation would derail the recovery, jolting a market that had been treading water ahead of corporate earnings.
The uncertain outcome of budget talks in Washington and the prospect of a US government shutdown as a midnight deadline loomed spurred investors to buy protection ahead of the weekend. Many traders bought short-term put options on the SPDR S&P 500 Trust.
"The tape is heading south in light volume. People are hoping that nothing bad happens over the weekend," said Michael James, senior trader at regional investment bank Wedbush Morgan in Los Angeles.
The surge in oil prices drove down shares of airlines and transportation companies. The Arca Airline index shed 2.7% and the Dow Jones Transportation Average fell 1.7%.
Brent crude futures settled above USD 126 a barrel, the highest level in 32 months, as the weak dollar drove up commodities and intense fighting in Libya raised fears of prolonged supply cuts.
Trading volumes remained low, a sign that investors are holding off major new bets ahead of the release of quarterly earnings beginning next week.
The Dow Jones industrial average was down 29.44 points, or 0.24%, at 12,380.05. The Standard & Poor's 500 Index was down 5.34 points, or 0.4%, at 1,328.17. The Nasdaq Composite Index was down 15.72 points, or 0.56%, at 2,780.42.
For the week, the Dow rose 0.03% while the S&P 500 and Nasdaq each lost 0.3%.
Trading volume was 6.47 billion shares on the New York Stock Exchange, NYSE Amex and Nasdaq, compared with last year's estimated daily average of 8.47 billion.
The S&P faces resistance around 1,345, near its 2011 high. Many analysts believe earnings could be the catalyst that pushes the benchmark index through that resistance.
"If the earnings next week are robust enough, we might go above 1,350, which is the top of the trading range. But since the market is very complacent, we might easily turn the other way if we see a negative outlook," said James Meyer, chief investment officer at Tower Bridge Advisors in West Conshohocken, Pennsylvania.
The earnings season will begin unofficially when Dow component Alcoa Inc reports results after the market's close on Monday. JPMorgan Chase & Co and Google Inc are due to report later in the week.
Bullishness has risen to levels not seen since last December before earnings, according to a survey by Investors Intelligence.
Bucking the downtrend on Friday, commodity-related shares rose with higher oil and metals prices. Occidental Petroleum Corp rose 2.6% to USD 103.72 and the S&P Energy index was up 0.4%.
Copper rose 2.5% while gold hit record highs on Friday and silver reached its strongest level since early 1980, as investors snapped up inflation-sensitive raw materials as a hedge. US listed shares of miner Rio Tinto Plc rose 2.1%.
The White House and Congress faced a midnight deadline to break a budget deadlock. Democratic and Republican leaders said there was still no overall deal on government funding for the rest of the fiscal year.
Tags: US stocks, US, Wall Street, Nasdaq, S&P 500, Dow Jones


Friends Please Guess the Market,From Monday on wards.
thanks
CDKGUPTA

 

481. Chem cho  Apr 9, 2011 2:21:06 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
Chem cho's - IPO Comments,  Public Profile

shilpi cables

pasted from article

Shilpi Cable Technologies saw bulk selling on listing day, which resulted 30% fall in the stock to close at Rs 48.35 as against issue price of Rs 69 a share - especially after 20% spike up in initial trade on the National Stock Exchange.

Credo Fund has sold 12,83,176 equity shares in four bulk deals on exchanges in a price band of Rs 63.00-63.27 a share and booked the loss of Rs 75,25,827.24. Asian Markets Securities Pvt Ltd too sold 1,98,329 equity shares at Rs 81.23 a share, which managed to get a profit of Rs 24,25,563.67.

Promoters hold 74.88% stake in the company and 12.54% stake hold by FIIs, with the public holding of 12.58% as on April 2.

Total traded volume was more than 9 crore shares on both exchanges - more than 11 times compared to issue size of about 81 lakh shares.

Shilpi Cable manufactures RF cables to cater to the telecom sector and also trades in cable accessories.

Company received Rs 55.88 crore through this IPO, which are proposed to be utilised for capital expenditure on cable/ wire assembly shop, tools for 3G enabling and augmenting cable manufacturing capabilities; for long term working capital requirement for the proposed new businesses; and for investment in the subsidiary of the company, M/s Shilpi Cabletronics.


 

480. Ramesh katuwala  Apr 9, 2011 1:25:37 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
Ramesh katuwala's - IPO Comments,  Public Profile

Nis....
I think you have a good presentation twists in your saying..... are you a lawyer as what you said before and what you are saying now are absolute contrary.....

 

479. IPO/STOCK GURO  Apr 9, 2011 1:09:17 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
IPO/STOCK GURO's - IPO Comments,  Public Profile

Gotala govt.+SEBI+Lead managers+Company nay mil kar retailers ko phir NHPC ki tarah BAKRA banaya, indian retailers tayri yahi kahani 2 lakh ki application pay 70000 ka lose phir bhi na cahraty pay sikan na akho may pani new ipo ki phir tayari.

 

478. m.l.a.  Apr 9, 2011 9:13:21 AM IST |   Reply  |  I Like It.  Like  |  Report Abuse
m.l.a.'s - IPO Comments,  Public Profile

thanksdeargemipofinder for your timely strategy for shilpi ialso get exit at an avarege of 82 in alllots. ionceagain appreciate your balance between gain AND GREED.

 

477. Santosh.  Apr 8, 2011 9:52:22 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
Santosh.'s - IPO Comments,  Public Profile

i want to open a new demat/trading a/c for shorting Z category share like shilpi.....i hv a/c with iifl ..but they not allowed to do so.....please give me idea which brokers allowed it

 

476. CHACHA  Apr 8, 2011 7:32:13 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
CHACHA's - IPO Comments,  Public Profile

WHEN MUTHOOT FINANCE IPO OPEN PLEASE REPLY

 

475. KK Natarajan  Apr 8, 2011 4:21:18 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
KK Natarajan's - IPO Comments,  Public Profile

Read Tulsian's opinion not as Shilpi touching 150, but as the price of 1 share touching 50! It crossed 50 on the downside and went even to 46 odd! So his target met!
Jokes apart I am reminded of the listing of MOIL where operators shorted heavily in the morning using the buying mood of poor investors. The same could have happened here also and they would have made merry today shorting at 80 odd and covering at 46 odd.

 

474. Tiger n Tiger  Apr 8, 2011 3:40:11 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
Tiger n Tiger's - IPO Comments,  Public Profile

"Be ready to have some mouth watering price in Shilpi Cables. But dont be greedy try to exit in early hours."

It was my feelings yesterday before listing.

Which made me more sure when S.P. Tulsyan mentioned , It may touch 150 today morning.

What obvious to every one never happens in stock market.

 

473. Tiger n Tiger  Apr 8, 2011 3:31:03 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
Tiger n Tiger's - IPO Comments,  Public Profile

dear Mr Ripin Shore,


All trades in sbi bond in Ahmedabad have been done with commission & interest so whatever interest you got, will go to the purchaser of your application. Further, SBI has declared book closure as 15/03/2011 for interest for the period commencing from 15/03/2011 so again you will get another interest around Rs. 450/ or so on the app. of 1K. This also will go to the purchaser. You are only concerned with the amt. for which you have sold your app.

 

472. Gem ipo finder  Apr 8, 2011 3:26:03 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
Gem ipo finder's - IPO Comments,  Public Profile

vas net

what i m seeing in GPPL today that.....

last traded qty ( LTQ) IS MOST OF THE TIME IS 39.........
STOCK IS UP 3% @66 DAYSLOW 63.1 SO THIS 39 LTQ IS SOME INDICATION AMONG OPERATORS TO MANUPULATE

 

471. Nis  Apr 8, 2011 3:24:18 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
Nis's - IPO Comments,  Public Profile

DEAR RAMESH KATUWALA,

ACCORDING TO ME PEOPLE ARE APPLYING IN IPO FOR LISTING GAIN,,,RIGHT? TODAY IN VERY MORNING TRADED @ 82,,,,,,IT MEANS 6000 RS PROFIT/ 2 LAC APPLICATION.IF U WILL SAY THAT PEOPLE INVEST IN IPO FOR LONG TERM THEN WHY THEY CHOOSE THIS KIND OF IPO? IN EVERY IPO U SHOULD EXIT @ OPENING TRADE WHETHER PROFIT OR LOSS.IF PEOPLE WANT TO INVEST THEN WHY THEY DONT GO FOR A GROUP SCRIPT.
YESTERDAY U POSTED THAT TODAY 9 PM TAK PREMIUM 20 HOGA BAD ME LISTING DISCOUNT ME HOGA,,,,,,,,,BU FACT IS THAT LISTING WITH 11RS. PREMIUM.
CHECK ALL MY POST SINCE THE ISSUE HAS CLOSED I M TELLING 10 RS. PREMIUM AND ALSO LIST @ THAT PREMIUM NOT @ UR DESIRABLE DISCOUNT LISTING.
RIGHT?

THANKS A LOT

 

470. vas nat  Apr 8, 2011 3:07:31 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
vas nat's - IPO Comments,  Public Profile

GEM- Congrats on Shilpi. Can you elaborate the manipulation which you have mentioned.

 

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