₹49.81 Crores | Listing at BSE | Tue, Jan 28, 2025 - Tue, Feb 11, 2025
Ultracab (india) Ltd Rights Issue comprises 3.44 Cr equity shares aggregating to ₹49.81 Cr, offered at an issue price of ₹14.5 per share with a face value of ₹2 per share.
The record date for determining eligible shareholder is Jan 16, 2025, with the Rights Issue being offered in the entitlement ratio of 9 : 25.
The term of payment is defined as following : All Money payable at the time of Application.
The Rights Entitlements are expected to be credited to eligible demat accounts on Feb 17, 2025.
The Rights Issue opens on Jan 28, 2025, and closes on Feb 11, 2025, with renunciation of Rights Entitlements permitted up to Feb 5, 2025.
The deemed date of allotment is Feb 17, 2025, following which the equity shares are expected to be credited to demat accounts on Feb 19, 2025 and listed at the BSE on Feb 20, 2025.
Bigshare Services Pvt.Ltd. is the Registrar to the Issue.
Investors are advised to refer to the Ultracab (india) Ltd Letter of Offer for detailed information, including risk factors, issue terms, and procedural details.
Record Date
Thu, Jan 16, 2025
Entitlement Ratio
9 : 25
Open Date
Tue, Jan 28, 2025
Close Date
Tue, Feb 11, 2025
All Money payable at the time of Application.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 |
| Assets | 103.05 | 88.43 |
| Revenue | 124.39 | 107.67 |
| Profit After Tax | 5.98 | 5.82 |
| Net Worth | 37.96 | 31.98 |
| Reserves and Surplus | 18.88 | 12.9 |
| Total Borrowing | 50.8 | 33.6 |
| Amount in ₹ Crore | ||
Incorporated in 2007, Ultracab (India) Ltd is a manufacturer and exporter of electric wires and cables, including domestic power, industrial, solar, and elevator cables, recognized for quality and reliability; based in Gujarat, they employ advanced technology and stringent quality control in production.
The company utilizes modern machinery and adheres to stringent quality standards to ensure reliable products.
The product range of the company includes Domestic cables (house wires, PVC/XLPE power cables), international cables (auto cables, welding cables), and special cables (super flat cables, elevator cables, solar cables).
The company's manufacturing unit is situated in Shapar (Rajkot, Gujarat) India.
The company's products are sold not only in India but also in countries like the UK, UAE, Africa, Singapore, Uganda, etc.
The objects of the Issue are:
[Dilip Davda] The company is engaged in manufacturing and marketing of PVC cables and wires, which is highly competitive and fragmented segment. It marked steady growth in its top and bottom lines for the reported period. Based on the set of financial performance, the issue appears fully priced discounting all near term positives. Well-informed investors may park moderate funds for medium term. Read detail review...
Ultracab (india) Rights Issue 2025 got subscribed by 0.56 times by the end of the bidding period with total bid quantity received by BSE of 1,94,05,020 shares. Check Day by Day Subscription Details (Live Status)
| Date | BSE Bid Quantity | Subscription Times |
|---|---|---|
Feb 11 2025 17:00:00 | 1,94,05,020 | 0.56x |
Ultracab (india) Ltd
Survey No: 262,
B/h Galaxy Bearings Limited
Shapar Dist. Rajkot-360024.
Rajkot, Gujarat, 360024
The Ultracab (india) Rights Issue 2025 opens on Tue, Jan 28, 2025, and closes on Tue, Feb 11, 2025.
Ultracab (india) Rights Issue 2025 Schedule
| Last Date for credit of Rights Entitlements | Mon, Jan 20, 2025 |
| Last Date for renunciation of Rights Entitlements | Wed, Feb 5, 2025 |
| Issue Opening Date | Tue, Jan 28, 2025 |
| Issue Closing Date | Tue, Feb 11, 2025 |
| Date of Allotment (on or about) | Mon, Feb 17, 2025 |
| Date of Credit (on or about) | Wed, Feb 19, 2025 |
| Date of Listing (on or about) | Thu, Feb 20, 2025 |
You can apply for Ultracab (india) Rights Issue 2025 in two ways:
Steps to apply for Ultracab (india) Rights Issue 2025 using Net Banking (ASBA)
Steps to apply for Ultracab (india) Rights Issue 2025 using Registrar's website (R-WAP)
