Jigar Cables IPO
Jigar Cables is engaged in manufacturing of wires and cables wires in India. The company manufactures Power and Control Cables, House Wires/ Building Wires, Flat Cables for Submersible pumps and Aerial Bunched cables under the brand name “SIGMA”.
The company procures major raw material i.e. Copper and Aluminium Coil from Ultracab (India) Limited while other raw materials like PVC and XLPE are procured domestically. Its manufacturing facilities are equipped with in-house testing laboratory to ensure that the finished products match the quality standards and certifications as specified. Before commencement of the manufacturing process, the raw materials procured also undergoes a quality check conducted by in house testing laboratory.
Jigar Cables is an ISO 9001:2015 compliant company and follows strict quality standards during manufacturing process. Once the product is ready, it is checked for safety and quality assurance. It has recently incorporated a new company under the name of Jigar Polymers Limited, for manufacturing of PVC and XLPE and achieving operational efficiency by backward integration. Post commencement of business of Jigar Polymers Limited, all major raw materials required in manufacturing of its products would be in house.
Promoters of Jigar Cables – Parshottam Vaghasiya and Vijay Shingala
Jigar Cables IPO details
|Subscription Dates||18 – 20 July 2017|
|IPO Price band||INR30 per share|
|Fresh issue||1,864,000 shares (INR5.59 crore)|
|Offer for sale||Nil|
|Total IPO size||1,864,000 shares (INR5.59 crore)|
|Minimum bid (lot size)||4,000 shares|
|Face Value||INR10 per share|
|Listing On||BSE SME platform|
Jigar Cables’ financial performance (in INR lakh)
|FY2013*||FY2014*||FY2015*||FY2016*||6 Feb 2017*||31 Mar 2017|
|Profit after tax||2.4||2.5||-0.2||0.6||8.2||0.1|
* Figures represent performance of partnership firm till 6 Feb 2017.
Jigar Cables Limited
Plot No.164/14 & 15 Jamwadi
Rajkot 360 311, Gujarat
Phone: +91 2825 221422
Email: [email protected]
Subscription (no. of times)
Earnings Per Share (EPS): INR0.20
Price/Earnings (P/E) ratio: 147.4
Return on Net Worth (RONW): 1.58%
Net Asset Value (NAV): INR11.78 per share
Bigshare Services Private Limited
E2, Ansa Industrial Estate, Sakivihar Road,
Sakinaka, Andheri (E),
Mumbai – 400 072
Phone: +91 22 4043 0200
Fax: +91 22 2847 5201
Email: [email protected]
Jigar Cables IPO allotment status is available on Bigshare Services’ website. Click on this link to get allotment status.
IPO Opening Date: 18 July 2017
IPO Closing Date: 20 July 2017
Listing Date: 28 July 2017
Listing Price on BSE SME: INR33.15 per share (up 10.5% from IPO price)
Closing Price on BSE SME: INR36 per share (up 20% from IPO price)