Rishabhdev Technocable Ltd.

IPO Details
Rishabhdev Technocable Ltd.
Unit No. 53, 1st Floor , Jagat Satguru Industrial Estate , Vishveshwar Nagar Road , Mumbai , Maharashtra - 400063
Phone: 28769059 Fax: 28771669
Public Issue of 9000000 Equity Shares of Rs 10 each for Cash at a Premium of Rs 23 per share.
Issue Open Date : 04/06/2009
Issue Closing Date : 09/06/2009
Application Money     : 33
Allotment Money    : -
Lead Managers       : IDBI CAPITAL MARKET SERVICES LTD
                             PL CAPITAL MARKETS PVT. LTD.
Registrar                : MONDKAR COMPUTERS PVT LTD
25, Shakil Niwas , Opp. Satya Sai baba Temple ,Mahakali Caves Road , Mumbai , Maharashtra - 400093
Phone: 28207203 - 05 Fax: 28207207

Listed at : BSE, JSE, PnSE

Object of the issue

The objects of the Issue are:

* Expansion cum modernization of existing manufacturing facilities (Unit I) at Daman.

* Setting up of new facilities (Unit II) at Daman for manufacturing Electrical Control Cables.

* Setting up of new facilities (Unit III) at Silvassa for manufacturing Power cables.

* Margin Money for working capital Requirements

* General Corporate purposes;

* To meet Public Issue expenses;

* To get the equity shares being issued pursuant to the Red Herring Prospectus listed on the BSE, PSE and JSE.

The main objects clause of our Memorandum of Association and objects incidental to the main objects enables our Company to undertake the existing activities and the activities for which the funds are being raised through the present Issue.
Project Cost
                                                (Rs.)
BUILDINGS                              4,500,000.00
CONTINGENCY PROVISIONS        4,200,000.00
FURNITURE AND FITTINGS          4,700,000.00
ISSUE EXPENSES                      5,500,000.00
LAND AND SITE DEVELOPMENT    1,500,000.00
MARGIN OF WORKING CAPITAL    4,088,000.00
PLANT & MACHINERY               30,200,000.00
PRE-OPERATIVE EXPENSES           218,000.00
VEHICLES                                1,800,000.00
TOTAL COST                          56,706,000.00
Means of Finance
                                                     (Rs.)
PUBLIC ISSUES                          32,599,000.00
PROMOTERS CONTRIBUTION         18,107,000.00
TERM LOAN                                 6,000,000.00
TOTAL                                      56,706,000.00
Promoted by
Mr. Sunil Golchha, aged 39 years, is the Managing Director of our Company. He has more than 20 years of experience in the field of cable industry. He started his career in 1987 in the cable industry with Udey Pyrocables Private Limited a cable manufacturing company In the year 1992-93, he started his own partnership firm in Mumbai in the name and style of M/s ECI Cables Corporation for trading and supply of various types of cables. He has been instrumental in the growth of our Company and is responsible for marketing and implementation of various projects.

PAN No. : AADPG1485A Voter ID Card : Nil Driving License Number : MH/02/-97-71425

Mr. Kamal Chand Golchha, aged 47 years, is a Wholetime Director of our Company, having more than 20 years of experience in the cable and mining industry. He started his own proprietary firm in the name of M/s. Kiran Sales Corporation in the year 1987, which was into the business of mining and minerals. He was also associated with M/s. ECI Cables Corporation. He oversees the operations conducted at Daman units and manages the production facilities of our Company. Our Company has benefited immensely from his enrich experience in the field of manufacturing and trading of cables.

PAN No : AADPG2684H Voter ID Card : Nil Driving License Number : MH/02/2002-7406

Mr. Bhanwar Lal Golchha aged 80 years is the Promoter of our Company. He has experience in the field of administration and management of human resource and has benefited our Company immensely. He is also assisting our Company by giving valuable guidance in its overall business strategies.

PAN No : AKDPG0831G Voter ID Card : RJ/02/013/213217 Driving License Number : Nil