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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 

    New Compare Stock Brokers in India

    Comparison Grid  |  ICICIDirect Vs HDFC Securities  |  Zerodha Vs Ventura  |  Sharekhan Vs Angel Broking

             

    Shilpi Cables IPO News Alerts

    1. Wednesday, April 06, 2011 5:27:56 AM
      IPO Listing - Shilpi Cable Technologies Ltd
    2. Saturday, April 02, 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

    Vote Here ...

       IPO Reviews  |  IPO Gradings

    Shilpi Cables IPO Listing Date

    Listing Date:Friday, April 08, 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)

    Shilpi Cables IPO Messages (Shilpi Cables IPO Comments)

      Post New Message ...  

    489. seenuipo  May 03, 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 03, 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 01, 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 09, 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 09, 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 09, 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 09, 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 09, 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 09, 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 08, 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 08, 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 08, 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 08, 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 08, 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 08, 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 08, 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 08, 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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