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Ultracab India Ltd IPO (Ultracab IPO) Detail

Sep 15, 2014 - Sep 23, 2014

Ultracab is Rajkot, Gujrat based manufacturers and exporters of electric wires and cables. Company exports its products to countries like UK, UAE, Africa, Singapore, Uganda etc. It also offers customized products as per requirement of user industry. It manufactures various ranges of cables and wires.

To part finance its working capital requirements, the company is coming out with an equity issue of 2214000 equity shares of Rs. 10 each at a fixed price of Rs. 36 per share to mobilize Rs. 7.97 crore.

Objects of the Issue

The objects of the issue are:
1. Working capital requirements
2. Issue expenses
2. For general corporate purposes

Ultracab IPO Details

Ultracab IPO Date Sep 15, 2014 to Sep 23, 2014
Ultracab IPO Face Value ₹10 per share
Ultracab IPO Price ₹36 per share
Ultracab IPO Lot Size 3000 Shares
Issue Size2,214,000 shares of ₹10
(aggregating up to ₹7.97 Cr)
Issue Type Fixed Price Issue IPO
Listing At BSE SME
Company Promoters

The promoters of the Company are Nitesh Vaghasiya, Pankaj Shingala, Sangeetaben Vaghasiya, Artiben Shingala and Nitesh Vaghasiya HUF.

Ultracab IPO Lot Size

The Ultracab IPO lot size is 3000 shares. A retail-individual investor can apply for up to 1 lots (3000 shares or ₹108,000).

Application Lots Shares Amount
Minimum 1 3000 ₹108,000
Maximum 1 3000 ₹108,000

Ultracab IPO Review

SME investment is having entry barrier at entry and trading levels and many broking houses discourage marketing, recommendation and trading or deals on SME counters. Thus SME investment carries these additional blockades.

On merchant banker’s front, in past two mandates they have given marginal listing gains and currently quoting at better yields. Considering these, risks aver investors having surplus funds can park their money for medium to long term rewards. Others can just avoid it.

(Disclaimer: Author has no plans to invest in this IPO)

Read detail review...

Ultracab IPO Prospectus

Ultracab IPO Rating

27
3.9
Rating:Rated 3.9 stars
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Ultracab IPO Listing Date

Listing Date Friday, October 10, 2014
BSE Script Code 538706
NSE Symbol
Listing In MT Group of Securities
ISIN INE010R01015
IPO Price ₹36 per share
Face Value ₹10 per share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
BSE SME
₹36.00
₹38.00
₹38.00
₹38.70
₹38.05

Company Contact Information

Ultracab India Ltd
C-303, Imperial Heights,
150, Ring Road, Rajkot-05
Gujarat, India
Phone: +91 281 - 2588136 / 236
Email: ho@ultracab.in
Website: http://www.ultracab.in/

Ultracab IPO Registrar

Bigshare Services Pvt Ltd

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

Ultracab IPO Review

Ultracab IPO Recommendation Summary

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

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Ultracab IPO FAQs

Ultracab IPO is a SME IPO of 2,214,000 equity shares of the face value of ₹10 aggregating up to ₹7.97 Crores. The issue is priced at ₹36 per share. The minimum order quantity is 3000 Shares.

The IPO opens on Sep 15, 2014, and closes on Sep 23, 2014.

Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.

The Ultracab IPO opens on Sep 15, 2014 and closes on Sep 23, 2014.

Ultracab IPO lot size is 3000 Shares and the minimum order quantity is .

You can apply in Ultracab 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.

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

The Ultracab IPO listing date is on Friday, October 10, 2014.
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Ultracab IPO Message Board

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5 Comments

4. Rajkot Special |   Link |Oct 9, 2014 9:58:56 PM
Ultra cab will list tomorrow 10 october 2014 Friday on Bose some Rd.36 plus
3. Rajkot Special |   Link |Oct 3, 2014 12:02:48 PM
This is Rajkot wala ipo circuit pe circuit marega
2. Arunachalanadar ganesan |   Link |Sep 19, 2014 2:29:56 PM
WHY THERE IS NO UPDATE EVEN THOUGH BOOK BUILDING STARTED 4 DAYS BEFORE
1. c p |   Link |Sep 12, 2014 11:37:34 AM
Sir what is the reason to avoid this IPO . even finolex cables into same business .
1.1. Bridgeplayingcat |   Link |Sep 13, 2014 11:57:38 AM
If you bothered to read the full review posted at /ipo/ipo_review.asp?a=2182, you would not be asking this. As far as I see, there are two major reasons

1. The price/earning of Ultracab is high vis-a-vis its peers, at around 34, vs around 20 for its peers. Finolex is trading at 16x EPS.

2. Becaof the small market cap of Ultracab, people (brokerages, funds) are less likely to buy or recommend to buy it. Thus, your stock won''t be very liquid, and may not appreciate the way you want it to.