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Jigar Cables Ltd - SME IPO
| Issuer | Jigar Cables Ltd ( JCL ) |
| Issue Open | Jul 18, 2017 - Jul 20, 2017 |
| Issue Size | 1,864,000 Equity Shares of Rs 10 aggregating up to Rs 5.59 Cr |
| Face Value | Rs 10 Per Equity Share |
| Issue Price |
Rs 30 Per Equity Share |
| Market Lot | 4000 Shares |
| Listing At | BSE SME |
Company Pofile :
Incorporated in 2017, Jigar Cables Ltd (JCL) is an ISO-9001:2015 certified company having its facility at Gondal, Dist Rajkot in Gujarat, manufacturing electric wires and cables as per national & international standards and customer's specifications.
Company sells its products under “SIGMA” brand since last two decades. Jigar's product range includes Submersible Flat Cables, Flexible Cables, LT PVC Cables, Ariel Bunched Cables and House Wires. JCL has recently incorporated a new Company under the name of Jigar Polymers Limited for manufacturing of PVC and XLPE as backward integration. This group came with Ultracab (India) Ltd which is considered its peer. Company's client list include Indian oil, ONGC, BSNL, Indian Railways, JNPT etc.
Objects of the Issue:
- Repayment/ Prepayment in full or in part of certain borrowings availed by the Company
- Working Capital requirements
- General Corporate Purposes
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