Shilpi Cable Technologies Limited has informed the share market (BSE/NSE) that the shares of its recent IPO will list on 8th Apr 2011. The IPO was open between 22nd Mar 2011 to 25th Mar 2011. The price band was Rs 65 to Rs 69 and the Issue Price was fixed at the upper level of price band, Rs 69 per equity share. The company had entered into primary market with an Initial Public Offer (IPO) of Rs. 55.88 Crore. 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.
IPO Listing Detail :-
Listing Date: 8th Apr 2011
BSE Scrip Code : 533389
NSE Symbol : SHILPI
Listing In : ‘B’ Group of Securities
ISIN : INE510K01019
Issue Price : Rs. 69.00 Per Equity Share
Face Value : Rs. 10.00 Per Equity Share
The proceeds of the IPO are proposed to be utilized 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 offered through the IPO are proposed to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (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.
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