Business description – Dynamic Cables is engaged in manufacturing of Cables and Conductors which widely include manufacturing of Low Voltage and High Voltage Power Cables, Aerial Bunched Cables, All Aluminium Conductor (A.A.C.), All Aluminium Alloy Conductor (A.A.A.C.), Aluminium conductor steel reinforced (A.C.S.R.) Conductors and Service Drop Cables used for transmission and distribution of Electricity. Its manufacturing facilities are distributed in three units located in Jaipur, Rajasthan. In addition to above, the company is in process of installation of Unit-IV located at Plot no. A-129, A-129A and A-130,SKS industrial Area Reengus, Distt. Sikar, Rajasthan, India for manufacturing of new range of cables and conductors such as : 66KV High Voltage cables, Railway signaling cables and Optical fiber ground wire.
The company is also serving sectors like – Industrial, Exports, Turnkey projects, Power Distribution Companies, Infrastructure works etc. in India and abroad. It is presently exporting directly and indirectly through merchant exporters to many countries in the Asian subcontinent, Africa and Middle East. Some of countries where it exports are Kenya, Tanzania, TOGO, Nigeria, Benin, Uganda, Rwanda, NEPAL, Mauritius, Afghanistan, Jordan, Dubai etc.
Dynamic Cables is approved by Powergrid, BHEL, Larson & Toubro Ltd, TATA Projects Ltd, North Western Railways, Public Works Department, Maharashtra along with all major state electricity boards in India. Its products are also widely being used amongst various Indian private clients which include: Gammon India, Jaguar Overseas,Mohan Energy, L&T, TATA, Bajaj, Voltas etc.
Promoters of Dynamic Cables – Mr Rahul Mangal and Mr Ashish Mangal
| Dynamic Cables IPO details | |
| Subscription Dates | 4 – 6 Dec 2017 |
| IPO Price band | INR40 per share |
| Fresh issue | 5,844,000 shares (INR23.38 crore) |
| Offer for sale | Nil |
| Total IPO size | 5,844,000 shares (INR23.38 crore) |
| Minimum bid (lot size) | 3,000 shares |
| Face Value | INR10 per share |
| Retail Allocation | 50% |
| Listing On | BSE SME platform |
| Dynamic Cables’ standalone financial performance (in INR crore) | ||||||
| FY2013 | FY2014 | FY2015 | FY2016 | FY2017 | ||
| Total revenue | 177.4 | 199.2 | 262.1 | 269.8 | 302.1 | |
| Total expenses | 176.7 | 197.0 | 258.5 | 259.8 | 290.0 | |
| Profit after tax | Â 0.5 | 1.6 | 2.5 | 6.8 | 7.9 | |
Dynamic Cables Limited
Survey F-260
Road No. 13 VKI Area
Jaipur, Rajasthan 302013
Phone: +91 141 2332 388
Email: [email protected]
Website: www.dynamiccables.co.in
| Day |
Subscription (no. of times) |
| Day 1 | 0.84 |
| Day 2 | 3.17 |
| Day 3 | 69.27 |
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Earnings Per Share (EPS): INR5.11
Price/Earnings (P/E) ratio: 7.82
Return on Net Worth (RONW): 19.18%
Net Asset Value (NAV): INR38.30 per share
Bigshare Services Private LimitedÂ
E2, Ansa Industrial Estate, Sakivihar Road,
Sakinaka, Andheri (E),
Mumbai – 400 072
Phone:Â +91 22Â 4043 0200Â
Fax:Â +91 22Â 2847Â 5201
Email:Â [email protected]
Website:Â www.bigshareonline.com
Dynamic Cables IPO allotment status is now available on Bigshare Services’ website. Click on this link to get allotment status.
IPO Opening Date:Â 4 December 2017
IPO Closing Date: 6 December 2017
Listing Date: 14 December 2017
Listing Price on BSE SME: INR48 per share (up 20% from IPO price)
Closing Price on BSE SME: INR48 per share (up 20% from IPO price)
this ipo seems good.
positive points
p/e ratio around 8
net asset value 38 against share price 40
esteem clients
i think it has good valuations.
How to download forms?
http://www.bseindia.com/markets/publicIssues/DisplayIPO.aspx?id=1483&type=FPO&idtype=1&status=L&IPONo=3556&startdt=12%2f4%2f2017
Use netbanking
Its good . Subscribe it. Profitable company.
PE ratio is less than 8 and the offer price is just a bit low than book value.
It is like the company is on a sale.
Grab it very good price.
Will double in no time.
Though valuations are low, still debt equity around 2.5 and interest coverage just around 2.
Everything looks good but the only concern is it should not end up like DP Wires IPO. Cable manufacturing is a capital intensive business, there will have to be fixed inputs every time a unit of cable has to be manufactured, and so if margins get eaten into then the profits margins will be less.
Anyone knows gmp/kostak ? Is the story about the company having 97 litigations pending against it ture ? maybe that’s the reson for such low valuations ? What’s D/E ratio like ?
Pricing of the IPO is superb and all the talks about legal cases are just trash talks. I’ve read the prospectus and most the cases are payment related which are same for any manufacturing firm. Dynamic cables will be the receiver once these cases are settled.
Debt/equity is 2.1 which is high and that’s why valuation is low but it is still quite a deal for investors if we compare debt with fundamentals.
Listing date?
Dynamic Cables, Jaipur, Rajasthan, initially I had doubts on the company, after reading related papers on ipo/RHP documents/web site/ mand an enquiry with one of my friend in Jaipur…all things are okey, according to my analysis, Dynamic Cables is the only one company having Sales above Rs 300 Crs Plus in SME segment are available…cmp Rs 57/- are very attractive in the market but we have to bank/buy for min 3000 shares…price will shoot up soon
Not seen single company in SME segment in the last 5 months with sales turnover of the company more than Rs 300 Crs Plus by Dynamic Cable…either SME high price share Rs 250/- pe share by Valliant Organics, or low priced shares RKEC, RMS Switchgear, Vishal Bearing, Sbrands sales or below Rs 150 crs only except Dynamic cables flashed sales Rs 300 crs