Dynamic Cables IPO

Dynamic Cables IPO

Dynamic Cables IPOBusiness 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 Dates4 - 6 Dec 2017
IPO Price bandINR40 per share
Fresh issue 5,844,000 shares (INR23.38 crore)
Offer for sale Nil
Total IPO size5,844,000 shares (INR23.38 crore)
Minimum bid (lot size)3,000 shares
Face Value INR10 per share
Retail Allocation50%
Listing OnBSE SME platform
Dynamic Cables' standalone financial performance (in INR crore)
FY2013FY2014FY2015FY2016FY2017
Total revenue177.4199.2262.1269.8302.1
Total expenses176.7197.0258.5259.8290.0
Profit after tax 0.51.62.56.87.9

Dynamic Cables Contact Details

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

Dynamic Cables IPO Subscription Details

Day

Subscription (no. of times)

Day 10.84
Day 23.17
Day 369.27

 

Dynamic Cables Valuation (latest FY)

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

Registrar of Dynamic Cables IPO

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]
Website: www.bigshareonline.com

Dynamic Cables IPO Allotment Status

Dynamic Cables IPO allotment status is now available on Bigshare Services' website. Click on this link to get allotment status.

LISTING PERFORMANCE OF Dynamic Cables IPO

IPO Opening Date: 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)

12 COMMENTS

  1. 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.

  2. 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 ?

  3. 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.

  4. 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.

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