Shilpi Cable Technologies IPO : Settled at 31.01% discount on debut

by khalid on 08/04/2011 · 0 comments

Shilpi Cable Technologies Limited shares got debuted at Rs 78.00, a nice 12.04% premium over its initial public offering (IPO) price of Rs 69.00 on the National Stock Exchange (NSE). But at the end of the day, shares price was Rs 48.05 which is a discount of 31.01% over the issue price of Rs 69.00. The stock hit a high of Rs. 74.70, and a low of Rs. 45.40 on the listing day 8th April 2011. A total of 51,820,648 shares changed hands on the NSE. 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.

Listing day Summary :-
Listing Date: 8th Apr 2011
BSE Scrip Code : 533389
Listing In : ‘B’ Group of Securities
ISIN : INE510K01019
Issue Price : Rs. 69.00 Per Equity Share
Face Value : Rs. 10.00 Per Equity Share

On the NSE:-
Issue Price: Rs. 69.00
Open : 78.00
High : 84.70
Low : 45.40
Close : 48.05
Day Volume : 51,820,648 Shares

Shilpi Cable Technologies Limited has raised Rs 55.88 crore through an initial public offering of 8,098,762 equity shares.

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

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