Shilpi Cable Technologies IPO : CARE gives 1 out of 5

by khalid on 21/03/2011 · 0 comments

Shilpi Cable Technologies IPO has got 1 out of 5 by CARE (rating agency) and this rating/grading is ‘Poor’ for a RF cable manufacturer company. The grade 1 indicates that the fundamentals of the IPO are ‘Poor’ compared to the other listed securities in India. Shilpi Cable Technologies Limited is a Radio Frequency (RF) cable manufacturer company. The company was established in 2006. Its RF cables are widely used in telecom, automobile and power sectors. Company also manufactures Low Voltage Power cables and Cable Accesories in its plant located at Alwar, Rajasthan.

The IPO proceeds will be used by Shilpi Cable Technologies Limited for capital expenditure on Cable/ wire assembly shop, capital expenditure on tools for 3G enabling, augmenting cable manufacturing capabilities, long term working capital requirement for the proposed new businesses, investment in the Subsidiary of the Company, M/s Shilpi Cabletronics Ltd, General corporate purposes and expenses of the issue.

The Equity Shares are proposed to be listed on the Bombay Stock Exchange Limited (BSE) and the National Stock Exchange of India Limited (NSE).

The Sole Book Running Lead Manager (BRLM) to the offer is D and A Financial Services Private Limited.

Registrar of the Issue : Beetal Financial & Computer Services (P) Limited, New Delhi.

Stay tuned to BelltheBull Blog for more news on Shilpi Cable Technologies IPO !

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