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 DateJul 18, 2017 - Jul 20, 2017
Issue TypeFixed Price Issue IPO
Issue Size1,864,000 Eq Shares of ₹10
(aggregating up to ₹5.59 Cr)
Face Value₹10 Per Equity Share
IPO Price₹30 Per Equity Share
Market Lot4000 Shares
Min Order Quantity4000 Shares
Listing AtBSE SME

Jigar Cables IPO Lot Size and Price (Retail)

ApplicationLotsSharesAmount (Cut-off)
Minimum14000₹120,000
Maximum14000₹120,000

Jigar Cables IPO Subscription Status (Bidding Detail)

Jigar Cables IPO how much subscribed?

No. of Times Issue Subscribed (BSE + NSE)

As on Date & Time

NII

RII

Total

Shares Offered

932,000

932,000

1,864,000

Jul 19, 2017 17:00

Jigar Cables IPO Prospectus

Jigar Cables IPO Rating

84
3.9
Rating:Rated 3.9 stars

Vote Here ...

Jigar Cables IPO Listing Date

Listing DateFriday, July 28, 2017
BSE Script Code540651
NSE Symbol
Listing InM
ISININE943X01015
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

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 FAQs

  1. 1. 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 price of the IPO is ₹30 Per Equity Share. The minimum order quantity is 4000 Shares per application and the offer type is Fixed Price Issue.

    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.

  2. 2. When Jigar Cables IPO will open?

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

  3. 3. How to apply for Jigar Cables IPO?

    Jigar Cables IPO application can be done through banks using ASBA online or through stock brokers trading account using UPI. All popular banks i.e. HDFC, ICICI, and SBI offer online IPO applications. An investor can also apply directly through their broker (i.e. Zerodha, Sharekhan) using UPI as a payment method.

  4. 4. 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.

  5. 5. When is Jigar Cables IPO listing date?

    The Jigar Cables IPO listing date is on Friday, July 28, 2017, at BSE SME.
  6. 6. 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.

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Jigar Cables IPO Review / Comments

Harry Singh
30. Harry Singh  Aug 3, 2017 19:34
As total subscription comes below 10 percent good chance now to get allocation on atleast 2 applications out of 12...finger crossed waheguru...
Harry Singh
30.1. Harry Singh  Aug 3, 2017 19:36
its abt cochin didnot know from where this cable company comes..hahaa nothing knows abt it,never heard of.
STOCKT
29. STOCKT  Jul 28, 2017 09:36
As predicted this stock should come to same Value as ultra cab that is 100+.keep holding
STOCKT
28. STOCKT  Jul 27, 2017 16:20
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
Hakimuddin lashkerwala
27. Hakimuddin lashkerwala  Jul 26, 2017 22:44
No allotment for 2 application
STOCKT
26. STOCKT  Jul 26, 2017 17:41
its the same company which has ultrcab india which has now become 4 times issue price

keep holding for long term gains
Prakash Baheti
25. Prakash Baheti  Jul 26, 2017 11:48
No allotment .....
CA M&co.Jodhpur
24. CA M&co.Jodhpur  Jul 26, 2017 10:19
Vimalkaria
23. Vimalkaria  Jul 20, 2017 22:51
Thanks Gala
How much subscribe
Shanti overseas apply?
Thanks
gala
23.1. gala  Jul 22, 2017 10:48
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
After watching subscription figures only apply ....... Will update you
Prabhakaran Kuppusamy
22. Prabhakaran Kuppusamy  Jul 20, 2017 18:21
Top Contributor Top Contributor (400+ Posts, 300+ Likes)
Not accurate.
To be exact it is subscribed 8.6266094420600858369098712446352 times :)
lakshya agg
21. lakshya agg  Jul 20, 2017 15:53
10 x SUBCRIBED
Vimalkaria
20. Vimalkaria  Jul 20, 2017 07:55
Galaji
Review of Jigar cable
Apply or unapply?
gala
20.1. gala  Jul 20, 2017 14:28
Top Contributor 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 ....
Prabhakaran Kuppusamy
19. Prabhakaran Kuppusamy  Jul 19, 2017 19:26
Top Contributor 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.
News
19.1. News  Jul 19, 2017 23:44
thax for advice
Prabhakaran Kuppusamy
18. Prabhakaran Kuppusamy  Jul 19, 2017 19:20
Top Contributor 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
Prabhakaran Kuppusamy
17. Prabhakaran Kuppusamy  Jul 19, 2017 19:20
Top Contributor 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
Prabhakaran Kuppusamy
16. Prabhakaran Kuppusamy  Jul 19, 2017 19:19
Top Contributor 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
Prabhakaran Kuppusamy
15. Prabhakaran Kuppusamy  Jul 19, 2017 19:19
Top Contributor 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
Prabhakaran Kuppusamy
14. Prabhakaran Kuppusamy  Jul 19, 2017 19:19
Top Contributor 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
Prabhakaran Kuppusamy
13. Prabhakaran Kuppusamy  Jul 19, 2017 19:18
Top Contributor 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
Navin Bhanvadiya
12. Navin Bhanvadiya  Jul 19, 2017 17:36
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
Kevin
11. Kevin  Jul 19, 2017 13:08
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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