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.

Jigar Cables IPO Details

IPO Opening Date	Jul 18, 2017
IPO Closing Date	Jul 20, 2017
Issue Type	Fixed Price Issue IPO
Face Value	₹10 per equity share
IPO Price	₹30 per equity share
Market Lot	4000 Shares
Min Order Quantity	4000 Shares
Listing At	BSE SME
Issue Size	1,864,000 Eq Shares of ₹10 (aggregating up to ₹5.59 Cr)

Jigar Cables IPO Lot Size

The Jigar Cables IPO market lot size is 4000 shares. A retail-individual investor can apply for up to 1 lots (4000 shares or ₹120,000).

Application	Lots	Shares	Amount (Cut-off)
Minimum	1	4000	₹120,000
Maximum	1	4000	₹120,000

Jigar Cables IPO Subscription Status (Bidding Detail)

The Jigar Cables IPO is subscribed times on Jul 19, 2017 17:00. The public issue subscribed in the retail category, in the QIB category, and in the NII category. Check Day by Day Subscription Details (Live Status)

Category	IPO Subscription
NII
RII
Total

Jigar Cables IPO Prospectus

› Jigar Cables IPO DRHP

Jigar Cables IPO Rating

3.9

Rating:

Vote Here ...

Jigar Cables IPO Listing Date

Listing Date	Friday, July 28, 2017
BSE Script Code	540651
NSE Symbol
Listing In	M
ISIN	INE943X01015
IPO Price	₹30 per equity share
Face Value	₹10 per equity share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
Volume

BSE SME
₹30.00
₹33.15
₹33.00
₹36.00
₹36.00
404,000

Jigar Cables IPO Reviews / Ratings

Dilip Davda - Avoid

Company Contact Information

Jigar Cables Ltd
Plot No.164/14 & 15 Jamwadi,
G.I.D.C Gondal,
Rajkot - 360311

Phone: + 2825 - 221422
Email: cs@sigmacab.com
Website: http://www.sigmacab.com

Jigar Cables IPO Registrar

Bigshare Services Pvt Ltd
   1st Floor, Bharat Tin Works Building,
   Opp. Vasant Oasis,Makwana Road,
   Marol, Andheri(E), Mumbai - 400 059

Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com

Jigar Cables IPO Lead Manager(s)

Pantomath Capital Advisors Pvt Ltd

Lead Manager Reports

Jigar Cables IPO FAQs

What is Jigar Cables IPO?

Jigar Cables IPO is a SME IPO of 1,864,000 equity shares of the face value of ₹10 aggregating up to ₹5.59 Crores. The issue is priced at ₹30 per equity share. The minimum order quantity is 4000 Shares.

The IPO opens on Jul 18, 2017, and closes on Jul 20, 2017.

Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
When Jigar Cables IPO will open?

The Jigar Cables IPO opens on Jul 18, 2017 and closes on Jul 20, 2017.
What is the lot size of Jigar Cables IPO?

Jigar Cables IPO lot size is 4000 Shares and the minimum order quantity is 4000 Shares.
How to apply for Jigar Cables IPO?

You can apply in Jigar Cables 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, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.
When Jigar Cables IPO allotment?

The finalization of Basis of Allotment for Jigar Cables IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Jigar Cables IPO allotment status.
When is Jigar Cables IPO listing date?

The Jigar Cables IPO listing date is on Friday, July 28, 2017.

Jigar Cables IPO Message Board

Ranked Members

30. Harry Singh |Aug 3, 2017 20:34

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

30.1. Harry Singh |Aug 3, 2017 20:36

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

29. STOCKT |Jul 28, 2017 10:36

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

28. STOCKT |Jul 27, 2017 17:20

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

27. Hakimuddin lashkerwala |Jul 26, 2017 23:44

No allotment for 2 application

26. STOCKT |Jul 26, 2017 18:41

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

keep holding for long term gains

25. Prakash Baheti |Jul 26, 2017 12:48

No allotment .....

24. CA M&co.Jodhpur |Jul 26, 2017 11:19

see Allotment status here

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

23. Vimalkaria |Jul 20, 2017 23:51

Thanks Gala
How much subscribe
Shanti overseas apply?
Thanks

23.1. gala |Jul 22, 2017 11:48

Top Contributor (300+ Posts, 100+ Likes)

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

22. Prabhakaran Kuppusamy |Jul 20, 2017 19:21

Top Contributor (400+ Posts, 300+ Likes)

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

21. lakshya agg |Jul 20, 2017 16:53

10 x SUBCRIBED

20. Vimalkaria |Jul 20, 2017 08:55

Galaji
Review of Jigar cable
Apply or unapply?

20.1. gala |Jul 20, 2017 15:28

Top Contributor (300+ 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 ....

19. Prabhakaran Kuppusamy |Jul 19, 2017 20:26

Top Contributor (400+ Posts, 300+ 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.

19.1. News |Jul 20, 2017 00:44

thax for advice

18. Prabhakaran Kuppusamy |Jul 19, 2017 20:20

Top Contributor (400+ Posts, 300+ 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

17. Prabhakaran Kuppusamy |Jul 19, 2017 20:20

Top Contributor (400+ Posts, 300+ Likes)

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

16. Prabhakaran Kuppusamy |Jul 19, 2017 20:19

Top Contributor (400+ Posts, 300+ 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

15. Prabhakaran Kuppusamy |Jul 19, 2017 20:19

Top Contributor (400+ Posts, 300+ 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

14. Prabhakaran Kuppusamy |Jul 19, 2017 20:19

Top Contributor (400+ Posts, 300+ 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

13. Prabhakaran Kuppusamy |Jul 19, 2017 20:18

Top Contributor (400+ Posts, 300+ Likes)

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

12. Navin Bhanvadiya |Jul 19, 2017 18:36

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

11. Kevin |Jul 19, 2017 14:08

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/

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