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Godha Cabcon Insulation IPO is a book built issue of Rs 9.90 crores.
Godha Cabcon Insulation IPO bidding started from April 27, 2018 and ended on May 3, 2018. The shares got listed on NSE SME on May 11, 2018.
Godha Cabcon Insulation IPO price band is set at ₹30 to ₹33 per share. The minimum lot size for an application is 4000 Shares. The minimum amount of investment required by retail investors is ₹132,000.
Mark Corporate Advisors Private Limited is the book running lead manager of the Godha Cabcon Insulation IPO, while Kfin Technologies Limited is the registrar for the issue.
Refer to Godha Cabcon Insulation IPO RHP for detailed information.
| IPO Date | April 27, 2018 to May 3, 2018 |
| Listing Date | May 11, 2018 |
| Face Value | ₹10 per share |
| Price Band | ₹30 to ₹33 per share |
| Lot Size | 4000 Shares |
| Total Issue Size | 3,000,000 shares (aggregating up to ₹9.90 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Market Maker portion | 160,000 shares |
Godha Cabcon Insulation IPO offers 3,160,000 shares. 1,420,000 (44.94%) to NII, 1,420,000 (44.94%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 160,000 (5.06%) |
| NII (HNI) Shares Offered | 1,420,000 (44.94%) |
| Retail Shares Offered | 1,420,000 (44.94%) | Other Shares Offered | 160,000 (5.06%) |
| Total Shares Offered | 3,160,000 (100%) |
Investors can bid for a minimum of 4000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 4000 | ₹132,000 |
| Retail (Max) | 1 | 4000 | ₹132,000 |
| Lot Size Calculator | |||
Incorporated in 2016, Madhya Pradesh based Godha Cabcon & Insulation Limited is engaged in the business of manufacturing of ACSR/AAAC/AAC Conductors.
The company's sales/supply activities are tender/order based. It was successful in getting various tenders and orders from State Electricity Board in a timely manner. Few of the heavy tenders were from:
1) Madhya Pradesh Madhya Kshetra Vidyut Vitaran Co. Ltd. (Bhopal) for Rs 21 Crore in the year 2015 for AAAC Conductor. Earlier it received an order for Rs 25 Crores and in 2016 further received an order for Rs 12.5 Crores (extension) due to before time delivery and better quality of products.
2) Madhya Pradesh Poorva Kshetra Vidyut Vitaran Co. Ltd. for Rs 12.5 Crore in the year 2017 for AAAC Rabbit Conductor.
3) Madhya Pradesh Paschim Kshetra Vidyut Vitaran Co. Ltd (Indore) for Rs 35 Crore in the year 2015 for AAAC Rabbit conductor.
It has 16 permanent employees at its manufacturing facility.
| Particulars | For the year/period ended (in Rs. Lacs) | |||||
|---|---|---|---|---|---|---|
| 31-Mar-17 | ||||||
| Total Assets | 1.28 | |||||
| Total Revenue | 0.00 | |||||
| Profit After Tax | (0.30) | |||||
The Objects of the issue of the Company:
1. To meet the Working Capital Requirements
2. To meet General Corporate Expenses
[Dilip Davda]
Broken FY18 workings with higher profits are bit surprising as it leads to attractive P/E. Cash surplus risk savvy investors may consider moderate investment for long tern at their own risk.
Read detail review...The Godha Cabcon Insulation IPO is subscribed 1.39 times on May 3, 2018 5:00:00 PM. The public issue subscribed 1.69 times in the retail category, times in the QIB category, and 1.10 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| NII | 1.10 |
| Retail | 1.69 |
| Total | 1.39 |
| Listing Date | May 11, 2018 |
| BSE Script Code | |
| NSE Symbol | GODHA |
| ISIN | INE925Y01010 |
| Final Issue Price | ₹33 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹33.00 |
| ₹31.00 |
| ₹31.00 |
| ₹31.00 |
| ₹31.00 |
Godha Cabcon & Insulation Limited
36-D, Sector B,
Sanwer Road, Industrial Area
Indore-452 006
Phone: +91 731 4029 509
Email: compliance.godhacabcon@gmail.com
Website: http://www.godhacabcon.com
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: einward.ris@karvy.com
Website: https://kosmic.kfintech.com/ipostatus/
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Godha Cabcon Insulation IPO is a SME IPO of 3,000,000 equity shares of the face value of ₹10 aggregating up to ₹9.90 Crores. The issue is priced at ₹30 to ₹33 per share. The minimum order quantity is 4000 Shares.
The IPO opens on April 27, 2018, and closes on May 3, 2018.
Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
The Godha Cabcon Insulation IPO opens on April 27, 2018 and closes on May 3, 2018.
Godha Cabcon Insulation IPO lot size is 4000 Shares, and the minimum amount required is ₹132,000.
You can apply in Godha Cabcon Insulation IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Godha Cabcon Insulation IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Godha Cabcon Insulation IPO allotment status.
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