Dynamic Cables Ltd - IPO

Dynamic Cables Ltd IPO Details

Initial public issue of 58,44,000 equity shares of face value of Rs. 10 each (equity shares) of Dynamic Cables Limited (company or issuer) for cash at a price of Rs. 40.00 per equity share (including a share premium of Rs. 30.00 per equity share) (issue price) aggregating to Rs. 23.38 crores (issue) of which 3,00,000 equity shares of face value of Rs. 10.00 each for a cash price of Rs. 40.00 per equity share, aggregating to Rs. 1.20 crores will be reserved for subscription by market maker (market maker reservation portion). The issue less the market maker reservation portion i.e. Issue of 55,44,000 equity shares of face value of Rs. 10.00 each at an issue price of Rs. 40.00 per equity share aggregating to Rs. 22.18 crores (net issue). The issue and the net issue will constitute 26.55% and 25.18%, respectively of the post issue paid up equity share capital of the company.The face value of the equity shares is Rs. 10.00 each and the issue price is Rs. 40.00 the issue price is 4.00 times of the face value.

Objective of issue

To meet working capital requirements. To meet general corporate expenses.

Dynamic Cables Ltd Contact Details

Dynamic Cables Ltd, Office No 56-2, Pinnacle Busine.Park, Mahakali Caves Road, Mumbai - 400093

Phone - 91-22-62638200

Fax - 91-22-63638299

Email - cs@dynamiccables.co.in

Website - www.dynamiccables.co.in