Cabcon India Limited IPO – Review, Allotment, Subscription, Price, Date & more
Last Updated Date: Nov 16, 2022Cabcon India Limited is an established ISO 9001-2015 certified Manufacturer, Supplier & Exporter of all types of Aluminum conductors, LT Power & Control and LT AB Cables in the field of Electrical Transmission & Distribution lines. The Company has issued 54,96,000 Equity shares of Rs.10 each. Let’s have a detailed review of the company and analytics of the Cabcon India Limited IPO release date, IPO offer price, subscription, Cabcon India Limited IPO allotment, grey market price and other details like the company’s background, its financial positions, its promoters and other related things.
Cabcon India Limited IPO Review & Ratings
| Cabcon India Limited IPO Ratings & Review | |
| Criteria | Ratings |
| Industry Sentiments | 6.3/10 |
| Industry Ranking | 6.3/10 |
| Company Background | 6.1/10 |
| Company Reputation | 6.4/10 |
| Competitive Edge | 6.4/10 |
| Financial Statements | 6.5/10 |
| Popularity Index | 6.2/10 |
| Promoters Reputation | 6.3/10 |
| Retail Appetite | 6.2/10 |
| Top Brokers Review | 6.3/10 |
| Overall Ratings | 6.3/10 |
| Star Ratings | ★★★☆☆ |
Summary of Cabcon India Limited IPO
Cabcon India manufactures grey board, Kraft Paper Media, News Print Paper, High B.F. and Kraft Paper. The supervisor of the company is Mr. Shiv Shankar Taparia who check through all the manufacturing facilities and enhancement by installation of High B.F. The company is also engaged in trading of Papers which constitutes around 41% of the Total Revenue as on December 31, 2017. The Promoter of this company are Mr. Ballabh Fomra, Mrs. Raj Kumari Fomra, Mr. Shanti Prasad Fomra, Mr. Madan Mohan Fomra, Mr. Vijay Kumar Fomra, Mr. Manish Kumar Fomra, Ms. Nikhita Chopra, SB Fomra (HUF), MM Fomra (HUF), VK Fomra (HUF), and MK Fomra (HUF).
The lead manager to the issue is HEM SECURITIES Limited and the Registrar to this issue is BIGSHARE SERVICES PRIVATE LIMITED.
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Cabcon India Limited IPO Date
The opening and the closing date of IPO of Cabcon Limited is not known yet.
Cabcon India Limited IPO Subscription
| Subscription | |
| Day 1 | X |
| Day 2 | X |
| Day 3 | X |
| Day 4 | X |
| Day 5 | X |
The shares subscribed by the public will be updated herein on a daily basis, once the IPO is open for subscription.
Cabcon India Limited IPO Allotment Status
The Issue is being made through the Fixed Price Process wherein up to ___Equity Shares shall be reserved for Market Maker upto __Equity shares will be allocated on a proportionate basis to Retail Individual Applicants, subject to valid applications being received from Retail Individual Applicants at the Issue Price. The balance of the Net Issue will be available for allocation on proportionate basis to Non Retail Applicants.
Cabcon India Limited IPO Price Band
The face value of each share is Rs 10, but the price band is not fixed yet.
Cabcon India Limited IPO Equity Share Offering
54,96,000 Equity Shares of Rs 10/- each with the Issue Price of Rs __ which will be aggregated to Rs ___ lacks.
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Cabcon India Limited – Company Overview
Cabcon India is an established ISO 9001-2015 certified Manufacturer, Supplier & Exporter of all types of Aluminum conductors, LT Power & Control and LT AB Cables in the field of Electrical Transmission & Distribution lines. The company is currently engaged in the manufacturing and trading of AAC, ACSR, AAAC & all aluminium Conductors and all types of LT XLPE / PVC, LT AB Cables & power cables in India. The manufacturing facilities of the company are located at Kolkata and Howrah, West Bengal. They have developed infrastructure that helps their team to manage and carrying out business operations in a precise manner. High speed modern machines for manufacturing of Overhead Conductors and LT Power & Control Cables and LT AB Cables are installed in the manufacturing units. The company set up its first Conductor unit in the year 1993 at Kolkata.
Competitive Strengths of Cabcon India Limited
- Quality Assurance
- Customer Satisfaction
- Wide Range of products
- Experienced management team and a motivated and efficient work force
Business strategies of Cabcon India Limited:
- Increasing focusing on the EPC business and enhancing execution efficiency
- To Build-up a Professional Organization
- Optimal Utilization of Resources
- Long Term Relationship with Clients
Cabcon India Limited – Financial Statements
A quick look into the past financial performance of the company to understand its performance of business and evaluate the growth prospectus:
Financial Summary:
| Amount (in INR & Lakhs) | |||||
| 31-Dec-17 | 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | |
| Total Assets | 38696.79 | 30682.67 | NA | NA | NA |
| Total Revenue | 42401.97 | 41108.19 | NA | NA | NA |
| Total Expense | 41115.13 | 40028.37 | NA | NA | NA |
| Profit After Tax | 897.61 | 649.38 | NA | NA | NA |
Earnings per Equity Share (in Lakhs)
| 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | |
| Basic | 4.50 | 3.17 | 2.71 |
| Diluted | 4.50 | 3.17 | 2.71 |
From the above statements, one could find that the Cabcon India Limited may perform well.
Cabcon India Limited IPO – Promoters
The Promoter of this company are:
- Mr. Ballabh Fomra,
- Mrs. Raj Kumari Fomra
- Mr. Shanti Prasad Fomra
- Mr. Madan Mohan Fomra
- Mr. Vijay Kumar Fomra
- Mr. Manish Kumar Fomra
- Ms. Nikhita Chopra
- SB Fomra (HUF)
- MM Fomra (HUF)
- VK Fomra (HUF)
- MK Fomra (HUF)
List of Related Parties (Key Managerial Personnel)
- Mr. Vijay Kumar Fomra
- Mr. Sekhar Kumar Halder
Interest in promotion of the Company
Company is currently promoted by the Promoters in order to carry on its present business. Promoters are interested in the Company to the extent of their shareholding and directorship of the Individual Promoter in the Company and the dividend declared, if any, by the Company. The Promoters are interested in the transactions entered into the Company and the Promoter Group.
Property Interest
The promoters along with the promoter group will continue to hold collectively some percentage of the equity share capital of the company. As a result of the same, they will be able to exercise significant influence over the control of the outcome of the matter that requires approval of the majority shareholders vote.
Interest in Intellectual Rights of the Company
Promoters has not shown any interest in acquiring the intellectual rights of the company.
Cabcon India Limited IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | 54,96,000 Equity Shares of Rs 10/- each at an Issue Price of Rs __ |
| Of which: | |
| Reserved for Market Makers | __Equity Shares of Rs 10/- each at an issue price. |
| Net Issue to the Public | ___ Equity Shares of Rs 10/- each at an issue price. |
| Of which: | |
| Retail Investors Portion | ____Equity Shares of Rs 10/- each at an Issue Price |
| Non-Retail Investors Portion | __Equity Shares of Rs 10/- each at an Issue Price. |
| Equity Shares outstanding prior to the Issue | ___ Equity Shares of Rs 10/- each |
| Equity Shares outstanding after the Issue | ____ Equity Shares of Rs 10/- each |
Cabcon India Limited IPO Issue Object
These are the IPO Issue Objects of the company
- To meet Working Capital Requirement
- General Corporate Purposes
- To Meet the Issue Expenses
Cabcon India Limited IPO – Basis of the Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- Quality Assurance
- Customer Satisfaction
- Wide range of Product
- Experienced management team and skilled workforce
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-15 | 2.71 | 10.08% | 102 |
| 31-Mar-16 | 3.17 | 10.74% | 114.27 |
| 31-Mar-17 | 4.50 | 12.46% | 129,31 |
- Industry P/E Ratio:
| Particulars | P/E ratio |
| Average | NA |
| Highest | NA |
| Lowest | NA |
- Competitive Peers:
Cabcon India Limited IPO Lead Managers
| Lead Managers |
| HEM SECURITIES LIMITED 904,A Wing, Naman Midtown, Senapati Bapat Marg, Elphinstone Road, Lower Parel, Mumbai-400013, India Tel. No.: +91- 022- 4906 0000, Fax No.: +91- 022- 2262 5991 Website: www.hemsecurities.com, Email: ib@hemsecurities.com Investor Grievance Email: redressal@hemsecurities.com Contact Person : Mr. Anil Bhargava SEBI Regn. No. INM000010981 |
Cabcon India Limited IPO Registrar to offer
| Registrar to the Offer |
| BIGSHARE SERVICES PRIVATE LIMITED 1st Floor, Bharat Tin Works Building, Opp.Vasant Oasis, Makwana Road, Marol, Andheri (East), Mumbai – 400059, Maharashtra, India. Tel: +91 22 62638200, Fax: +91 22 62638299 Email: ipo@bigshareonline.com, Website: www.bigshareonline.com Investor Grievance Id: investor@bigshareonline.com Contact Person: Srinivas Dornala SEBI Registration Number: INR000001385 |
Other Details:
- Statutory Auditor –SRB & ASSOCIATES, CHARTERED ACCOUNTANTS
- Peer Review Auditor –M/s MANSAKA RAVI & ASSOCIATES CHARTERED ACCOUNTANTS
- Bankers to the Company – NA
Cabcon India Limited IPO Review by Top 10 Stock Brokers
| Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promters Reputation |
| Angel Broking | 6.5/10 | 6.6/10 | 6.6/10 | 6.4/10 | 6.4/10 |
| Sharekhan | 6.7/10 | 6.4/10 | 6.6/10 | 6.1/10 | 6.2/10 |
| Kotak Securities | 6.7/10 | 6.7/10 | 6.7/10 | 6.4/10 | 6.3/10 |
| ICICI Direct | 6.6/10 | 6.3/10 | 6.7/10 | 6.5/10 | 6.5/10 |
| IIFL | 6.4/10 | 6.7/10 | 6.8/10 | 6.4/10 | 6.7/10 |
| Edelweiss | 6.7/10 | 6.4/10 | 6.4/10 | 6.3/10 | 6.7/10 |
| Zerodha | 6.5/10 | 6.4/10 | 6.7/10 | 6.4/10 | 6.5/10 |
| 5Paisa | 6.7/10 | 6.4/10 | 6.3/10 | 6.7/10 | 6.5/10 |
| Karvy | 6.8/10 | 6.3/10 | 6.7/10 | 6.4/10 | 6.0/10 |
| Motilal Oswal | 6.6/10 | 6.4/10 | 6.6/10 | 6.6/10 | 6.4/10 |
The ratings would be updated once the financials and the other details of the IPO are released.
Cabcon India Limited IPO Grey Market Premium
The Cabcon India Limited IPO Grey Market Premium is yet to be announced. It will be updated as soon as the premium rates are announced.
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