IPO Issue Details
Issue Price / Price Band₹36 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size3,000 Shares per Lot
Total Issue Size22,14,000 shares (aggregating up to ₹7.97 Cr)
Issue TypeFixed Price IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformBSE SME
IPO TypeSME
Subscription OpenMon, 15 Sep 2014
Subscription CloseTue, 23 Sep 2014
Anchor AllotmentSun, 14 Sep 2014
Basis of AllotmentMon, 29 Sep 2014
Initiation of RefundsTue, 30 Sep 2014
Credit of Shares to DematTue, 30 Sep 2014
Listing DateFri, 10 Oct 2014
UPI Mandate Deadline2014-09-23
Application & Investment Details
Retail — Min (1 Lots)₹1,08,000 — 3,000 shares
Retail — Max (13 Lots)₹1,404,000 (13 Lots)
HNI — Min (2 Lots)₹2,16,000 — 6,000 shares
Net Offer to Public21,00,000 shares (aggregating up to ₹7.56 Cr)
Reserved for Market Maker1,14,000 shares (aggregating up to ₹0.4104 Cr)
Pre-IPO Promoter Holding58,00,000 shares
Post-IPO Promoter Holding80,14,000 shares
About Ultracab (India) Ltd.
Ultracab is Rajkot, Gujrat based manufacturers and exporters of electric wires and cables. Company exports its products to countries like UK, UAE, Africa, Singapore, Uganda etc. It also offers customized products as per requirement of user industry. It manufactures various ranges of cables and wires.To part finance its working capital requirements, the company is coming out with an equity issue of 2214000 equity shares of Rs. 10 each at a fixed price of Rs. 36 per share to mobilize Rs. 7.97 crore.
Objects of the Issue
Ultracab (India) Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
1
1 Working Capital Requirement
6.57
3
3 General Corporate Purposes
1.00
Shareholding & Lock-in
Pre-IPO Promoter Holding
58,00,000 shares
Post-IPO Promoter Holding
80,14,000 shares