Jigar Cables Ltd IPO (Jigar Cables IPO) Detail

As total subscription comes below 10 percent good chance now to get allocation on atleast 2 applications out of 12...finger crossed waheguru...

its abt cochin didnot know from where this cable company comes..hahaa nothing knows abt it,never heard of.

As predicted this stock should come to same Value as ultra cab that is 100+.keep holding

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

No allotment for 2 application

its the same company which has ultrcab india which has now become 4 times issue price

keep holding for long term gains

No allotment .....

see Allotment status here

http://www.bigshareonline.com/BSSIPOApplicationStatus.aspx

Thanks Gala
How much subscribe
Shanti overseas apply?
Thanks

After watching subscription figures only apply ....... Will update you

Not accurate.
To be exact it is subscribed 8.6266094420600858369098712446352 times :)

10 x SUBCRIBED

Galaji
Review of Jigar cable
Apply or unapply?

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 ....

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.

thax for advice

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

Cash flow analysis(Rs.in Crs.)
Year end      Mar 17
NOPAT      -
Operating cash flow      -0.66
Free cash flow      -0.52

Key financials (Rs.in Crs.)
Year end      Mar 17
Net sales      1.25
Operating profit      0.15
Net profit      -
Equity cap pd      4.50

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

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

Capital History
Year      Equity Capital       Remarks
201705      5.168        further allotment
201703      4.5        Rights Issue
201702      4.1        Subscriber to MOA

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

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. /ipo/ultracab_ipo/434/