JD Cables Ltd - IPO

JD Cables Ltd IPO Details

Initial public offering up to 63,15,200 equity shares of Rs. 10/- each (Equity Shares) of JD Cables Limited (J C L or the Company or Issuer) for cash at a price of Rs. 152 /- per equity share (the Offer Price), aggregating to Rs. 95.99 crores (the Offer), comprising a fresh offer of up to 55,53,600 equity shares aggregating to Rs. 84.41 crores by the company (Fresh Offer) and an offer for sale of up to 7,61,600 equity shares by Piyush Goradia (the Selling Shareholder) aggregating to Rs. 11.58 crores (Offer for Sale) out of the offer, 3,16,000 equity shares aggregating to Rs. 4.80 crores will be reserved for subscription by market maker (Market Maker Reservation Portion). The offer less the market maker reservation portion i.e. offer of up to 59,99,200 equity shares of face value of Rs. 10.00/- each at an offer price of Rs. 152/- per equity share aggregating to Rs. 91.19 crores is hereinafter referred to as the Net Offer. The offer and the net offer will constitute 28.00 % and 26.60 %, respectively of the post offer paid up equity share capital of the company.Price Band: Rs. 152/- for equity share of face value of Rs. 10 each.The floor price is 15.20 times times the face value of the face value of the equity shares.Bids can made for a minimum of 1,600 equity shares and in multiples of 800 equity shares thereafter.

Objective of issue

Funding working capital requirements of our company. Repayment/prepayment of all or certain of our borrowings availed of by our Company. General corporate purposes.

JD Cables Ltd Contact Details

JD Cables Ltd, C-101 247 Park, L B S Marg, Vikhroli West, Mumbai-400083

Phone - 91-22-49186000

Fax - 91-22-49186060

Email - compliance@jdcables.in

Website - https:, jdcables.in