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Shilpi Cable Technologies Ltd IPO (Shilpi Cables IPO) Detail

March 22, 2011 - March 25, 2011

Shilpi Cables IPO is a book built issue of Rs 55.88 crores.

Shilpi Cables IPO bidding started from March 22, 2011 and ended on March 25, 2011. The shares got listed on BSE, NSE on April 8, 2011.

Shilpi Cables IPO price band is set at ₹65 to ₹69 per share. The minimum lot size for an application is 79 Shares. The minimum amount of investment required by retail investors is ₹5,451.

D And A Financial Services Private Ltd is the book running lead manager of the Shilpi Cables IPO, while Beetal Financial & Computer Services (P) Limited is the registrar for the issue.

Refer to Shilpi Cables IPO DRHP for detailed information.

Shilpi Cables IPO Details

IPO Date March 22, 2011 to March 25, 2011
Listing Date April 8, 2011
Face Value ₹10 per share
Price Band ₹65 to ₹69 per share
Lot Size 79 Shares
Total Issue Size8,098,762 shares
(aggregating up to ₹55.88 Cr)
Issue Type Book Built Issue IPO
Listing At BSE, NSE

Shilpi Cables IPO Reservation

Shilpi Cables IPO offers 8,596,492 shares. 4,298,246 (50.00%) to QIB, 1,289,474 (15.00%) to NII, 3,008,772 (35.00%) to RII. 38,085 RIIs will receive minimum 79 shares and (sNII) and (bNII) will receive minimum 2,923 shares. (in case of oversubscription)

Investor Category Shares OfferedMaximum Allottees
Anchor Investor Shares Offered-NA
QIB Shares Offered4,298,246 (50.00%)NA
NII (HNI) Shares Offered1,289,474 (15.00%)
Retail Shares Offered3,008,772 (35.00%)38,085
Total Shares Offered8,596,492 (100%)

Shilpi Cables IPO Lot Size

Investors can bid for a minimum of 79 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 79 ₹5,451
Retail (Max) 36 2844 ₹196,236
Lot Size Calculator

About Shilpi Cable Technologies Ltd

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 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 (Shilpi Cables IPO Objectives)

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.


Shilpi Cables IPO Subscription Status (Bidding Detail)

The Shilpi Cables IPO is subscribed 3.48 times on March 25, 2011 5:00:00 PM. The public issue subscribed 5.74 times in the retail category, 1.04 times in the QIB category, and 6.39 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
QIB1.04
NII6.39
Retail5.74
Total3.48

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.

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 Prospectus

Shilpi Cables IPO Rating

202
3.3
Rating:Rated 3.3 stars
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Shilpi Cables IPO Listing Details

Listing Date April 8, 2011
BSE Script Code 533389
NSE Symbol SHILPI
ISIN INE510K01019
Final Issue Price ₹69 per share

Pre-Open Session - NSE Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Open
Low
High
Last Trade
BSE
₹69.00
₹78.35
₹45.45
₹84.65
₹47.60
NSE
₹69.00
₹78.00
₹45.40
₹84.70
₹48.05

Check IPO Performance…

Shilpi Cable Technologies Ltd Contact Details

Shilpi Cable Technologies Ltd
A-19/B-1 Extension
Mohan Cooperative Ind Estate, P.O. Badarpur
Mathura Road, New Delhi-110044
Phone: +91-11- 43117900,43117901
Email: ipo@shilpicabletech.com
Website: http://www.shilpicables.com

Shilpi Cables IPO Registrar

Beetal Financial & Computer Services (P) Limited

Phone: +91 11 29961281
Email: shilpi_ipo@beetalfinancial.com
Website: http://www.beetalmail.com/smeipo

Shilpi Cables IPO - Buy or Not

Shilpi Cables IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 0 0 1
Members 0 0 0

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Shilpi Cables IPO FAQs

Shilpi Cables IPO is a main-board IPO of 8,098,762 equity shares of the face value of ₹10 aggregating up to ₹55.88 Crores. The issue is priced at ₹65 to ₹69 per share. The minimum order quantity is 79 Shares.

The IPO opens on March 22, 2011, and closes on March 25, 2011.

Beetal Financial & Computer Services (P) Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

The Shilpi Cables IPO opens on March 22, 2011 and closes on March 25, 2011.

Shilpi Cables IPO lot size is 79 Shares, and the minimum amount required is ₹5,451.

You can apply in Shilpi 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, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

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

The Shilpi Cables IPO listing date is on April 8, 2011.
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Shilpi Cables IPO Message Board

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489 Comments

489. seenuipo |   Link |  Bookmark |May 3, 2011 11:33:19 AM (200+ Posts)
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 |   Link |  Bookmark |May 3, 2011 10:45:29 AM
@ 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 |   Link |  Bookmark |May 1, 2011 7:59:13 PM (200+ Posts)
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 |   Link |  Bookmark |April 11, 2011 11:31:11 AM (900+ Posts)
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 |   Link |  Bookmark |April 10, 2011 8:30:33 PM
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 |   Link |  Bookmark |April 10, 2011 6:31:19 PM
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 |   Link |  Bookmark |April 9, 2011 9:43:34 PM (500+ Posts)
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 |   Link |  Bookmark |April 9, 2011 7:38:01 PM
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 |   Link |  Bookmark |April 9, 2011 1:21:06 PM
IPO Guru IPO Guru (2500+ Posts, 2700+ Likes)
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 |   Link |  Bookmark |April 9, 2011 12:25:37 PM
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 |   Link |  Bookmark |April 9, 2011 12:09:17 PM
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. |   Link |  Bookmark |April 9, 2011 8:13:21 AM
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. |   Link |  Bookmark |April 8, 2011 8:52:22 PM
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 |   Link |  Bookmark |April 8, 2011 6:32:13 PM
WHEN MUTHOOT FINANCE IPO OPEN PLEASE REPLY
475. KK Natarajan |   Link |  Bookmark |April 8, 2011 3:21:18 PM (500+ Posts)
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 |   Link |  Bookmark |April 8, 2011 2:40:11 PM
"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 |   Link |  Bookmark |April 8, 2011 2:31:03 PM
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 |   Link |  Bookmark |April 8, 2011 2:26:03 PM
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 |   Link |  Bookmark |April 8, 2011 2:24:18 PM
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 |   Link |  Bookmark |April 8, 2011 2:07:31 PM (200+ Posts)
GEM- Congrats on Shilpi. Can you elaborate the manipulation which you have mentioned.