Jigar Cables IPO

Jigar Cables IPO

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
Retail Allocation 50%
Listing On BSE SME platform

Jigar Cables' financial performance (in INR lakh)

FY2013* FY2014* FY2015* FY2016* 6 Feb 2017* 31 Mar 2017
Total revenue 1,508.7 1,013.7 805.1 936.4 1,336.5 127.3
Total expenses 1,503.5 1,009.4 805.5 935.4 1,323.1 127.0
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
GIDC Gondal
Rajkot 360 311, Gujarat

Phone: +91 2825 221422
Email: cs@sigmacab.com
Website: www.sigmacab.com

Day

Subscription (no. of times)

Day 1 0.37
Day 2 2.37
Day 3 8.63

 

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:
 ipo@bigshareonline.com
Website: www.bigshareonline.com

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)

Jigar Cables IPO
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2 thoughts on “Jigar Cables IPO

  • July 18, 2017 at 4:19 PM
    Permalink

    In two words – stay away! Shady company!

    Reply
    • July 19, 2017 at 11:45 AM
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      I am new in investing but i am determined to learn, so can you please tell me that on what basis you are claiming to stay away?

      Reply

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