Godha Cabcon & Insulation Limited SME IPO

Incorporated in 2016, Madhya Pradesh based Godha Cabcon & Insulation Limited is engaged in the business of manufacturing of ACSR/AAAC/AAC Conductors.
The company's sales/supply activities are tender/order based. It was successful in getting various tenders and orders from State Electricity Board in a timely manner. Few of the heavy tenders were from:
1) Madhya Pradesh Madhya Kshetra Vidyut Vitaran Co. Ltd. (Bhopal) for ₹21 Crore in the year 2015 for AAAC Conductor. Earlier it received an order for ₹25 Crores and in 2016 further received an order for ₹12.5 Crores (extension) due to before time delivery and better quality of products.
2) Madhya Pradesh Poorva Kshetra Vidyut Vitaran Co. Ltd. for ₹12.5 Crore in the year 2017 for AAAC Rabbit Conductor.
3) Madhya Pradesh Paschim Kshetra Vidyut Vitaran Co. Ltd (Indore) for ₹35 Crore in the year 2015 for AAAC Rabbit conductor.

Issue Details

Godha Cabcon & Insulation Limited IPO
 Issue Open

 Apr 27, 2018 - May 3, 2018 
 Issue Price  Rs 30 - Rs 33 Per Equity Share 
 Market Lot  4000 Shares 
 Minimum Order  Quantity  4000 Shares 
 Issue Size  2,800,000 Equity Shares of Rs 10 aggregating up to Rs 9 Cr
 Face Value  Rs 10/-
 Listing At  NSE SME


Company Promoters:

The Promoters of the Company are Mrs. Madhu Godha, Mrs. Rupali Godha, and Mr. Dipesh Godha.

Objects of Akshar Spintex Limited - SME IPO:

The Objects of the issue of the Company:
1. To meet the Working Capital Requirements
2. To meet General Corporate Expenses

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