Wednesday, June 3, 2009

Rishabhdev Technocable Limited IPO

Rishabhdev Technocable Limited IPOIncorporated in 1994, Rishabhdev Technocable Limited is in the business of cable manufacturing and trading. Company is BS EN ISO 9001:2000 certified by BSI, UK and also IS 694:1990, IS: 1554:1988 Part 1: 1988 by Bureau of Indian Standards.

Company have variety of cables in their product range like Industrial control cables, Hi- Tech- data cables, Process control instrument signal cables, Thermocouple extension and Compensating cables, Computer application, Hi- Bit rate networking cables, Digital data communication cables, Specialty cables and Customized cables. Company manufactures cables up to 1.1 KV for various applications covering various industries like Power and Electrical Distributions and Transmission, Steel and Metal, Cement, Mines and Minerals , Petrochemicals and fertilizers, Paper Mills and Fine chemicals, Hydrocarbon Process Industries, Software Technology IT Park and infrastructure.

Rishabhdev's clients are from diverse industries and include large corporates such as Tata Power Company Ltd., Kalpatru Power Transmission Ltd., Reliance Industries Ltd., Grasim Industries Ltd., Century Enka Ltd., National Thermal Power Corporation Ltd, Welspun Gujarat Stahl Rohren Ltd, Tata Steel Ltd., Siemens Ltd., Sanghi Industries Ltd., Adani Power Limited, Johnson Controls India Pvt. Ltd., Nova Petrochemicals Ltd., Bhabha Atomic Research Centre, Indian Navy and others.

Objects of the Issue:

    The objects of the Issue are to achieve the benefits of listing on the Stock Exchanges & to raise capital to:
  1. Expansion cum modernization of existing manufacturing facilities (Unit I) at Daman;
  2. Setting up of new facilities (Unit II) at Daman for manufacturing Electrical Control Cables;
  3. Setting up of new facilities (Unit III) at Silvassa for manufacturing Power cables;
  4. Margin Money for working capital Requirements;
  5. To meet Public Issue Expenses;
  6. General Corporate purposes.

Rishabhdev Technocable Ltd IPO Information

  »»   Public Issue Open: June 4 ,2009 to June 9, 2009
  »»   Public Issue Type: 100% Book Built Issue (Initial Public Offer IPO)
  »»   Public Issue Size: 90,00,000 Equity Shares of Rs. 10/-
  »»   Face Value: Rs. 10/-
  »»   Public Issue Price: Rs 29/- to Rs 33/-
  »»   Market Lot: 200 Shares
  »»   Minimum Order Quantity: 200 Shares
  »»   Maximum Subscription Amount for Retail Investor: Rs 100,000/-
  »»   Listing: BSE, PSE, JSE
  »»   Lead Manager: IDBI Capital Market Services Ltd, PL Capital Markets Pvt Ltd
  »»   Registrar: Mondkar Computers Pvt Ltd (Ph: +91-22-28207203 Email: info@mondkarcomputers.com)

Important Links about Rishabhdev Technocable Ltd IPO

  ›  Download Prospectus - with SEBI
  ›  Download Red Herring ProspectusBSE

Rishabhdev Technocable Ltd's financial information

For the year/period ended (Rs. in Lacs) Total Income Profit After Tax (PAT)
31-Mar-08
31-Mar-07
31-Mar-06
31-Mar-05
31-Mar-04
3239.63
1041.04
992.47
392.78
75.95
266.44
80.46
57.09
6.16
(0.54)

Contact Info

Registered Office:
    53, 1st Fl, Jagat Satguru Ind Estate,
    Vishveshwar Nagar Road,
    Goregoan (East), Mumbai- 400063.
Phone: +91-22-28769059
Fax: +91-22-28771669
Email: fpo@rtclcables.com
Website: http://www.rtclcables.com

S P Tulsian - Investment in the issue is "not" advised
Rishabhdev Technocable
has entered the capital market on 4th June with public issue of 90 lakh equity shares of Rs. 10 each in the band of Rs.29 to Rs.33 and issue is closing on 9th June 09.
The company went public in June 97 and got its shares listed on Pune and Jaipur Stock exchanges. But since both the exchanges are defunct now, the shares are not traded on these exchanges. The company presently has its manufacturing facilities at Daman for manufacture of industrial control cables, hi-tech data cables, process control instrument signal cables, thermocouple extension and compensating cables etc.
The company is now setting up two new manufacturing units at Daman and Silvassa for manufacturing electrical control and power cables and proceeds to be mobilized from the public issue would get partly used to finance this expansion.
The company will continue to remain a small cap stock with high equity base and with not much high degree of corporate governance. The issue is not well publicized and hence may get cornered to run momentum play on listing. Investment in the issue is not advised.

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