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 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  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: info@dynamiccables.co.in
Website: www.dynamiccables.co.in

Day

Subscription (no. of times)

Day 1 0.84
Day 2 3.17
Day 3 69.27

 

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 Limited 
E2, Ansa Industrial Estate, Sakivihar Road,
Sakinaka, Andheri (E),
Mumbai – 400 072

Phone: +91 22 4043 0200 
Fax: 
+91 22 2847 5201
Email:
 ipo@bigshareonline.com
Website: 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: 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)

Dynamic Cables IPO
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14 thoughts on “Dynamic Cables IPO

    • December 15, 2017 at 2:23 PM
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      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

      Reply
    • December 15, 2017 at 2:27 PM
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      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

      Reply
  • December 5, 2017 at 8:52 AM
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    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.

    Reply
  • December 4, 2017 at 2:43 PM
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    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 ?

    Reply
  • December 4, 2017 at 10:49 AM
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    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.

    Reply
  • December 3, 2017 at 10:02 AM
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    Though valuations are low, still debt equity around 2.5 and interest coverage just around 2.

    Reply
  • December 2, 2017 at 4:52 PM
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    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.

    Reply
  • December 1, 2017 at 4:37 PM
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    Its good . Subscribe it. Profitable company.

    Reply
  • November 30, 2017 at 8:54 PM
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    How to download forms?

    Reply
  • November 29, 2017 at 7:14 PM
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    positive points
    p/e ratio around 8
    net asset value 38 against share price 40
    esteem clients
    i think it has good valuations.

    Reply
  • November 29, 2017 at 7:12 PM
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    this ipo seems good.

    Reply

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