Dynamic Cables is a manufacturer and suppliers of Cables & Conductors for private and government clients across India & abroad
Company is engaged in manufacturing of Cables and Conductors which widely include manufacturing of Low Voltage and High Voltage Power Cables, Aerial Bunched Cables, All Aluminium Conductor (A.A.C.), All Aluminium Alloy Conductor (A.A.A.C.),Aluminium conductor steel reinforced (A.C.S.R.) Conductors and Service Drop Cables used for transmission and distribution of Electricity.
Company has three manufacturing facilities located in Jaipur, Rajasthan.
Company has latest machinery and equipments, In-house testing facilities and qualified engineers, which help them in maintaining quality standards as well as an efficient delivery record with appropriate after sales service.
Company is serving sectors like – Industrial, Exports, Turnkey projects, Power Distribution Companies, Infrastructure works etc. in India and abroad.
They are a “Government Recognized Export House” from the Ministry of Commerce & Industry, Government of India and are presently exporting directly and indirectly through merchant exporters to many Countries in the Asian subcontinent, Africa and Middle East.
Some of countries where they export their products are Kenya, Tanzania, TOGO, Nigeria, Benin, Uganda, Rwanda, NEPAL, Mauritius, Afghanistan, Jordan, Dubai etc
Company is approved by the state owned electric utilities company “POWERGRID”.They are also approved With BHEL, Larson & Toubro Ltd, TATA Projects Ltd, North Western Railways, Public Works Department, Maharashtra along with some of the major state electricity boards in India.
Company’s products are also widely being used amongst various Indian private clients which include: Gammon India, Jaguar Overseas,Mohan Energy, L&T, TATA, Bajaj, Voltas etc
Full List of Clients are as Follows:
- BHEL
- Power Grid Corporation
- Maharashtra State Electricity Board.
- Larson & Toubro Ltd
- TATA Projects Ltd
- North Western Railways
- Gammon India
- Jaguar Overseas
- Mohan Energy
- Bajaj Electricals
- Voltas Limited
- Ashoka Buildcon.
Revenue Contribution Breakup:
| Segment | % of Total Turnover |
|---|---|
| Export Sales | 13.59 |
| Domestic Sales | |
| Government Sector | 41.72 |
| Others | 44.69 |
| Total | 100% |
Management Team:
- Mr. Rahul Mangal (Designation: Chairman and Non Executive Director)
- Mr. Ashish Mangal (Designation: Managing Director)
- Mrs. Shalu Mangal (Designation: Whole Time Director)
Promoters Average Acquisition Cost:
| Name of the Promoter | No. of Shares held | Average Acquisition Cost (in Rs.) |
|---|---|---|
| Mr. Rahul Mangal | 52,95,000 | 6.67 |
| Mr. Ashish Mangal | 75,27,000 | 14.02 |
Promoters Stake Pre & Post Issue:
| Shareholder Name | Pre Issue Stake (%) | Post Issue Stake |
|---|---|---|
| Promoters | ||
| Mr. Rahul Mangal | 32.75 | 24.05 |
| Mr. Ashish Mangal | 46.54 | 34.19 |
| Promoter Group Entities | 20.71 | 15.21 |
| Total | 100% | 73.45% |
Objectives of the Company:
- To Meet Working Capital requirements.
- To Meet General Corporate Expenses
- To Meet Issue Expenses
Fund Utilization:
| Particulars | Amount (Rs. in Crores) |
|---|---|
| Working Capital requirements | 21.38 |
| General Corporate Expenses | 1.25 |
| Issue Expenses | 0.74 |
| Net Proceeds | 23.37 |
Financials of the Company:
| (in Crores) | FY 13 | FY 14 | FY 15 | FY 16 | FY 17 | 30th June 17 |
|---|---|---|---|---|---|---|
| Revenue | 177.36 | 199.17 | 262.11 | 269.79 | 302.14 | 88.85 |
| Net Profit | 0.52 | 1.57 | 2.53 | 6.79 | 7.79 | 2.04 |
Valuation of Peer Group Companies:
| Company Name | Face Value | EPS | PE Ratio | RoNW | NAV |
|---|---|---|---|---|---|
| Dynamic Cables Limited | 10 | 5.11 | 7.83 | 19.18% | 38.30 |
| Cords Cable Industries Ltd | 10 | 3.76 | 35.86 | 4.09% | 95.07 |
| KEI Industries Ltd. | 2 | 12.72 | 26.53 | 20.83% | 60.42 |
| Universal Cables Ltd. | 10 | 8.18 | 21.45 | 13.22% | 61.89 |
IPO Details:
| Details | Info |
|---|---|
| Issue Opens on | 4th December 2017 |
| Issue Closes on:. | 6th December 2017 |
| Issue Price | Rs.40 |
| Face Value | Rs.10 |
| Minimum Lot | 3000 |
| Minimum Investment | Rs.1,20,000 |
| Issue Constitutes | 26.54% |
| Issue Size | Rs.23.37 cr |
| Market Cap | Rs.88.05 cr |
| Listing at | NSE SME |
| Total Equity Shares Offered (Fresh) | 58,44,000 |
| Equity Shares Prior | 1,61,70,000 |
| Equity Shares after the issue | 2,20,14,000 |
IPO Valuation Parameters:
| Earnings Per Share (EPS) | Price To Earnings ratio (PE) | Return on Net Worth (RoNW) | Net Asset Value (NAV) |
|---|---|---|---|
| 5.11 | 7.83 | 19.18% | 38.30 |
Markets Guruji Opinion:
| IPO View | Apply For: | Expected listing Gain: |
|---|---|---|
| Subscribe | Long Term | 20% |
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| Check IPO Allotment Status: |
|---|
Bigshare Websitehttp://www.bigshareonline.com/bssipoapplicationstatus.aspx |
| Company Contact Info: |
|---|
| Dynamic Cables Limited F-260, Road No. 13 , VKI Area Jaipur-302013, Rajasthan, India Tel. No. +91 141-2332388 Fax No. +91 141-2330182 E-mail: info@dynamiccables.co.in Website: www.dynamiccables.co.in |
| IPO Registrar Info: |
|---|
| BIGSHARE SERVICES PRIVATE LIMITED Address:- 1st Floor, Bharat Tin Works Building, Opp. Vasant Oasis Makwana Road, Marol, Andheri East, Mumbai – 400059 Tel No.:+91-022-62638200 Fax No.: +91-022-62638299 Website: www.bigshareonline.com Email: ipo@bigshareonline.com |
| Lead Manager to the Issue: |
|---|
| HEM SECURITIES LIMITED 904, Naman Midtown- A-Wing, Senapati Bapat Marg, Elphinstone Road, Lower Parel, Mumbai-400013 Tel. No.: +91- 022- 4906 0000 Fax No.: +91- 022- 2262 5991 Website: www.hemsecurities.com |
