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Thursday, April 7, 2011

Shilpi Cable Technologies IPO | Shilpi Cable Technologies to list tomorrow

The Equity Shares of Shilpi Cable Technologies would be listed and admitted to the dealings on the exchanges with effect from Friday, April 08, 2011. The IPO had closed for subscription on Friday, March 25, 2011 and was subscribed 3.48 times on an overall basis with 5.74 times subscription in the Retail Category

The issue proceeds are proposed to be utilised for meeting capital expenditure on cable/ wire assembly shop, tools for 3G enabling and augmenting cable manufacturing capabilities and for long term working capital requirement for the proposed new businesses; and for investment in Shilpi Cabletronics, a subsidiary of the company

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