Rishabhdev Technocable IPO Allotment is out now, please visit below link to check Allotment status - http://www.mondkarcomputers.com/ipo.asp
Rishabhdev Technocable IPO Grey Market Premium is Rs. 5/- to Rs. 7/-
Showing posts with label Rishabhdev Technocable IPO. Show all posts
Showing posts with label Rishabhdev Technocable IPO. Show all posts
Tuesday, June 23, 2009
Thursday, June 4, 2009
Rishabhdev Technocables IPO receives poor response on day one
Follow on public offer was subscribed meager 0.13 times on day one.
Rishabhdev Technocables' follow-on public offer aggregating around Rs 30 crore saw a poor response on day one. The issue got bids for just 9.11 lakh shares (at 16:00 IST). The issue was subscribed just 0.13% of the total issue size. The issue closes on 9 June 2009. This is the first public offer to hit the market in nearly three months and has a firm underwriting arrangement.
The company is issuing 90 lakh equity shares of Rs 10 each for cash at a price to be decided through 100% book building process. The net offer to the public will comprise of 68.54 lakh equity shares aggregating around Rs 23 crore. The promoters are subscribing to 21.45 lakh equity shares at the issue price.
The price band is fixed between Rs 29 and Rs 33 a share.
Rishabhdev Technocables is specialized, controlled and power cables manufacturer promoted by Sunil Golchha. The funds are being raised to finance the setting up of a brand new, low voltage power cables plant at Silvassa. Machinery for this plant has been ordered and the plant is expected to go on stream by the end of the year.
Rishabhdev Technocables currently has two units in Daman, one for specialized cables and the other for controlled cables and smaller size power cables. Additional facilities are being added to both units to make them more cost efficient. The Company has a blue-chip clientele which includes Tata Power, Grasim, Reliance, Essar, Siemens, Sanghi, Alok Industries and Welspun, among others.
Its shares are currently listed on the Pune and Jaipur stock exchanges and the company now proposes to list on Bombay Stock Exchange.
Source: CapitalMarket.com
Rishabhdev Technocables' follow-on public offer aggregating around Rs 30 crore saw a poor response on day one. The issue got bids for just 9.11 lakh shares (at 16:00 IST). The issue was subscribed just 0.13% of the total issue size. The issue closes on 9 June 2009. This is the first public offer to hit the market in nearly three months and has a firm underwriting arrangement.
The company is issuing 90 lakh equity shares of Rs 10 each for cash at a price to be decided through 100% book building process. The net offer to the public will comprise of 68.54 lakh equity shares aggregating around Rs 23 crore. The promoters are subscribing to 21.45 lakh equity shares at the issue price.
The price band is fixed between Rs 29 and Rs 33 a share.
Rishabhdev Technocables is specialized, controlled and power cables manufacturer promoted by Sunil Golchha. The funds are being raised to finance the setting up of a brand new, low voltage power cables plant at Silvassa. Machinery for this plant has been ordered and the plant is expected to go on stream by the end of the year.
Rishabhdev Technocables currently has two units in Daman, one for specialized cables and the other for controlled cables and smaller size power cables. Additional facilities are being added to both units to make them more cost efficient. The Company has a blue-chip clientele which includes Tata Power, Grasim, Reliance, Essar, Siemens, Sanghi, Alok Industries and Welspun, among others.
Its shares are currently listed on the Pune and Jaipur stock exchanges and the company now proposes to list on Bombay Stock Exchange.
Source: CapitalMarket.com
Sunday, May 31, 2009
Rishabhdev Technocable IPO to open on June 4
Rishabhdev Technocable, a cable manufacturing and trading company is entering the capital market with its initial public offer of 90,00,000 equity shares of Rs 10 each. The issue will open on June 4, 2009 and close on June 9, 2009. The price band is fixed at Rs 29-33 per share.The issue comprises a promoters contribution of 21,45,500 equity shares and a net issue to the public of 68,54,500 equity shares. The net issue to the public would constitute 46.66% of the fully diluted post-issue equity share capital of the company.
The existing equity shares of the company are listed for trading on the Pune Stock Exchange (PSE) and the Jaipur Stock Exchange (JSE). The fresh issue of shares of the company are also proposed to be listed on the Bombay Stock Exchange.
The company is expanding into manufacturing of Power and Control Cables on a major level. The objects of the issue include amongst others, expansion cum modernization of existing manufacturing facilities at Daman and setting up new facilities for manufacturing of Control and Power Cables at Daman and Silvassa respectively.
The book running lead managers to the Issue are IDBI Capital Market Services Limited and PL Capital Markets Private Limited.
Source: moneycontrol.com
Subscribe to:
Posts (Atom)
