Rishabhdev Technocable IPO Allotment Status is declared online. The IPO was closed on July 9, 2009 and was subscribed 7.76 times (Retail: 16.63 times)

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The IPO of Rishabhdev Technocable Limited IPO has been subscribed 7.76 times on an overall basis. It was oversubscribed by 16.63 times in Retail Category. The IPO which was open from Thursday, June 04, 2009 was subscribed only 0.80 times till Monday, June 08, 2009,

Rishabhdev Technocable Limited IPO Final Subscription Status as on Tuesday, June 09, 2009 1730 hrs IST:
QIB: 0.23 times
Non-Institutional Investors: 12.15 times
Retail: 16.63 times
Overall: 7.76 times

Rishabhdev Technocable Ltd IPO is subscribed 0.80 times till Monday, June 08, 2009. The IPO opened on Thursday, June 04, 2009 and will remain open till tomorrow, i.e. Tuesday, June 09, 2009.

Rishabhdev Technocable Ltd IPO Bidding Status as on Monday, June 08, 2009 17:00 hrs:
QIB: 0.00 times
Non-Institutional Investors: 3.12 times
Retail: 0.96 times
Overall: 0.80 times

QIB: 0.00 times
Non-Institutional Investors: 2.34 times
Retail: 0.07 times
Overall: 0.38 times

QIB: 0.00 times
Non-Institutional Investors: 0.88 times
Retail: 0.01 times
Overall: 0.13 times

Rishabhdev Technocable Limited, a company engaged in the business of cable manufacturing and trading is coming up with a 100% Book Built Issue (Initial Public Offer) of 90,00,000 Equity Shares of Rs. 10/- each.

The IPO is open from June 04, 2009 till June 09, 2009. This is the first IPO since Edserv Softsystems Limited IPO in February 2009.

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Click here for Rishabhdev Technocable Limited IPO - Objects of the Issue

Issue Opens on: Thursday, June 04 ,2009
Issue Closes on: Tuesday, June 09, 2009
Issue Size: 90,00,000 Equity Shares of Rs. 10/- each
Price Band: Rs.29/- to Rs.33/- per equity share
Bid Lot: 200 Shares
Lead Manager: IDBI Capital Market Services Ltd, PL Capital Markets Pvt Ltd
Registrar: Mondkar Computers Pvt Ltd

Rishabhdev Technocable, a cable manufacturing and trading company is entering the capital market with its initial public offer of 90,00,000 equity shares of Rs 10 each. The issue will open on June 4, 2009 and close on June 9, 2009. The price band is fixed at Rs 29-33 per share.
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The objects of the Issue are to achieve the benefits of listing on the Stock Exchanges and 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 purpose