Ultracab India Rights Issue dates 28 Jan – 11 Feb 2025.
Ultracab (India), founded in 2007, is a leading manufacturer and exporter of electric wires and cables based in India. The company specializes in producing a wide range of products, initially starting with PVC cables and wires. Over the years, Ultracab has expanded its offerings to include various types of cables that are now distributed across global markets. With a commitment to quality, the company employs advanced technology and state-of-the-art machinery to ensure that its products meet international standards.
The manufacturing facility located in Shapar (Veraval), Rajkot, is equipped with modern technological solutions and independent testing facilities, allowing Ultracab to maintain stringent quality control throughout its production processes. The manufacturing facility is spread over an 11483.19 sq m area and has a 100% in-house facility from wire drawing machine to testing of finished products. The products are sold not only in India but also in countries like the UK, UAE, Africa, Singapore, etc.
As of 31 March 2024, Ultracab (India) had 88 full-time employees.
Promoters of Ultracab India – Nitesh Parshottambhai Vaghasiya, Pankaj Vasantbhai Shingala, Sangeetaben Niteshbhai Vaghasiya, Nitesh P Vaghasiya (HUF), and Artiben Pankajkumar Shingala
Table of Contents
Ultracab India Rights Issue Details
| Ultracab India Rights Issue Price | 28 Jan – 11 Feb 2025 |
| Ultracab india Rights Issue Price | INR 14.50 per share |
| Issue Size (in Shares) | 3,43,52,100 shares |
| Issue Size (in INR) | INR 49.81 crore |
| Issue Entitlement | 9 equity shares for every 25 equity shares held on record date |
| Terms of Payment | Fully payable at the time of application |
| Ultracab india Rights Issue Record Date | 16 January 2025 |
| Face Value | INR 2 per share |
| Listing On | BSE |
Ultracab India Rights Issue Calculation
| Ultracab india Rights Issue Price | INR 14.50 per share |
| Market Price on Rights Issue Approval | INR 16.82 per share |
| Dilution Factor (X) | 1.36 |
| Fair Value After Dilution at Prevailing Price | INR 16.21 per share |
Ultracab India Financial Performance
| Â | FY 2022 | FY 2023 | FY 2024 |
| Revenue | 85.0 | 107.0 | 124.0 |
| Expenses | 76.0 | 95.0 | 111.0 |
| Operating Margin (%) | 10.0 | 11.0 | 11.0 |
| Net Income | 3.15 | 5.82 | 5.97 |
| ROCE (%) | 13.0 | 16.0 | 18.0 |
Ultracab India Rights Offer Objectives
The net proceeds from the offer are proposed to be used for
- For the pre-payment / repayment of Loan
- For augmenting the working capital requirements of the company
- General corporate purposesÂ
Ultracab India Rights Offer Documents
- Ultracab India Rights Issue Application Form
- Ultracab India Letter of Offer
- Board Meeting Outcome
- Ultracab India Draft Letter of Offer
- Rights Issue in 2024
Ultracab India Rights Issue Dates
| Rights Issue Approval Date | 10 January 2025 |
| Rights Issue Record Date | 17 January 2025 |
| Credit of Rights Entitlement | Coming soon |
| Rights Issue Opening Date | 28 January 2025 |
| Last Date for Market Renunciation | 5 February 2025 |
| Rights Issue Closing Date | 11 February 2025 |
| Finalization of Basis of Allotment | Coming soon |
| Rights Allotment Date | Coming soon |
| Credit Date | Coming soon |
| Listing Date | Coming soon |
Ultracab India Rights Offer Registrar
BIGSHARE SERVICES PRIVATE LIMITED
S6-2, 6th Floor, Pinnacle Business Park,
Next to Ahura Centre, Mahakali
Caves Road, Andheri East, Mumbai – 400 093
Phone:Â +91 22 6263 8200
Email:Â [email protected]
Website:Â www.bigshareonline.com
Ultracab India Contact Details
ULTRACAB (INDIA) LIMITED
3rd Tower – C of Imperial Heights, 150 Feet Ring Road,
Opposite Iscon Prozone Mall, Kalawad Road, Rajkot – 360 005
Phone:Â +91 2827 253122 /23
Email:Â [email protected]
Website:Â www.ultracabwires.com
Ultracab India Rights Offer FAQs
What is the Ultracab India Rights Issue Price?
The issue price is INR 14.50 per share.
What is the Ultracab India Rights Issue entitlement ratio?
The eligible shareholders are offered 9 Equity Shares for every 25 Equity Shares held on the record date.
What is the Ultracab India Rights Issue Record Date?
The Record date is 16 January 2025.
How to Apply in Ultracab India Rights Offer?
The best way to apply in Ultracab India Rights Offer is through Internet banking ASBA. You can also apply online through your stock broker using UPI. If you prefer to make paper applications, fill up an application Form form and deposit the same to your broker.
