Shilpi Cable Technologies IPO : Subscribed 0.40 times on Day 2

by khalid on 23/03/2011 · 0 comments

The IPO of Shilpi Cable Technologies Limited has received a very little response from the investors with the 2nd day over-subscription figure reached to just 0.40 times on an overall basis. Lovable Lingeries IPO is open on 22nd Mar 2011 and will get closed on 25th Mar 2011 for subscription. The IPO has managed to get some response from Qualified Institutional Buyers (QIBs) Category where it overbid by 0.71 times on the 2nd day of subscription. The price band for the issue is Rs 65 at lower level and Rs 69 at upper level. 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 category-wise subscription status of IPO on closing of 2nd day is given below:-

Qualified Institutional Buyers (QIBs) : 0.71 times
Non Institutional Investors : 0.00 times
Retail Individual Investors : 0.12 times
Overall : 0.40 times

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.

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

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