Dynamic Cables becomes 212th Company to get listed on BSE SME Platform

The script surges 20 % post the listing

Mumbai, December 14, 2017: Jaipur based Dynamic Cables Limited, India’s leading manufacturer of Cables and Conductors, became 212th SME Company to get listed on BSE SME Platform. The script made a strong debut and surged 20 percent, post the listing. Stock opened at Rs 48 against the IPO price of Rs 40 a share.

The Lead Manager to the Issue is Hem Securities Limited, a leading player in SME IPOs and the Registrar to the Offer is Bigshare Services Pvt. Ltd.

Commenting of the mementos occasion Mr. Ashish Mangal, Managing Director, Dynamic Cables Ltd said” “Getting a company listed is a significant milestone for an entrepreneur and entrepreneurial journey. We at Dynamic Cables are proud and delighted to have our company listed on the SME platform of Bombay Stock Exchange. We began a humble journey 30 years ago by taking up manufacturing of conductors in 1986. Today we are happy to see Dynamic Cables has grown to become one of the leading player in the industry, preferred and trusted manufacturer and suppliers of Cables & Conductors for private and government clients in India and in overseas countries. Dynamic Group is proud and delighted to get such a great response from the investors. Dynamic Cables raised Rs 23.38 Cr from Its IPO comprising 58, 44,000 Equity Shares of face value of Rs. 10 each for cash at price of Rs. 40 per share. The issue which opened for bids at BSE SME platform on December 4, 2017, was subscribed 69.94 times. The HNI and RII portion subscribed 120.94 and 26.24 times, respectively. Proceeds of IPO will be utilized towards working capital requirement, general corporate and issue expanse purpose. We thank all our investors, Merchant Banker for their valuable support extended for making our SME IPO a grand success”

Mr Prateek Jain & Mr Gaurav Jain, Director(s) of Hem Securities Limited, said, “We are extremely pleased with the strong interest and enthusiasm around the IPO of DCL, which is a reflection of the investors’ confidence in the SME – Primary Markets. India is a country of SME companies which generate a lot of employment in the country and are crucial for economic growth. The access to equity capital has certainly been one of the strong points which is why you are seeing a very robust pipeline of SME IPOs. The awareness created in the market about growth opportunity in these companies is attracting investors due to which 2017 has been a bumper year for public offers by small and medium companies”

About Dynamic Cables Limited

The Company is engaged in manufacturing of Cables and Conductors which widely include manufacturing of Low Voltage and High Voltage Power Cables, Till 2006, the company was primarily operating in the domestic market, supplying to electricity boards within India. However in a span of 11 years the company has the distinction of supplying its products to around 30 countries. Dynamic cables is approved by the state owned electric utilities company “POWERGRID” and is 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 EPC Contractors which include: Gammon India, Jaguar Overseas, Mohan Energy, L&T, TATA, Bajaj, Voltas etc.

For the fiscal year ended on March 31, 2017, March 31, 2016 and March 31, 2015 the total revenue of our Company stood at INR 260.39 cr, INR 267.87 cr and INR 299.99 crore respectively. Further, our PAT for the fiscal year ended on March 31, 2017, 2016 and 2015 as per Restated Financial Statements were INR 2.54 crore, INR 6.80 cr and INR 7.92 respectively. The Company has been able to increase its revenue and profit from fiscal 2014 to fiscal 2017 at a CAGR of 14. 97 % and 71.50%, respectively.

Contact :
Mr Aryan Prem Rana,

AARYANA MATASCO

IMC Driven SME Focused PR & IR Consultancy

Email: info@aaryanamatasco.com; aaryanamatasco@gmail.com

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Aryan Prem Rana

Post graduate in PR & Corporate Communication, has extensive experience of over 15 years in integrated corporate & financial communications, client servicing, managing Public Relations, Media Relations and Investor Relations activities for nearly 100 Corporate clients of all sizes at leading PR Consultancies such as Adfactors PR, Sampark PR, Genesis-Impact Research and Xavier Institute of Communications. Valuable experience and expertise in Digital and Social Media Communications, Management of Knowledge Information, Environment Scanning, Research and Media Monitoring, Planning and execution of various events such as IPO Roadshows, Press & Investor Conferences, Seminars, Award Functions, Building & Maintaining relationships with Govt Agencies, Media, Investor community, AD /PR agencies and Academic Field.

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