Cords Cable Industries, a specialised cable manufacturer for variety of industries, will list on the bourses with its equity shares on February 13, 2008. The offer price has been fixed at Rs 135 per share.
According to Investment Advisor, S P Tulsian, "Cords Cable is expected to list around Rs 115 as against its issue price of Rs 135."
R S Iyer of K R Choksey Securities said, "The stock is likely to debut at around Rs 150-170. One can hold the stock for better price and once the market stabilises, it will go above Rs 200, then one can sell. If it goes below issue price, one can buy as well.
The company had entered capital market with a public issue of 30.85 lakh shares at a price band of Rs 125-135 per equity share. The issue got subscribed 4.99 times.
At present, CCIL manufactures cables upto 1.1 KV for various applications covering most segments of users including industrial, utility and buildings. It caters to a wide spectrum of cable users in various industries like power, steel, cement, fertilizers and chemicals, refinery / petroleum and many others. Its clients are from diverse industries and include names such as BHEL, NTPC, Hindalco, ACC, HPCL, GAIL, TATA STEEL, Siemens, Honeywell, L&T, MRPL and others.
Source: Moneycontrol.com
Showing posts with label Cords Cable Industries. Show all posts
Showing posts with label Cords Cable Industries. Show all posts
Tuesday, February 12, 2008
Friday, January 25, 2008
Cords Cable IPO subscribed 5 times
The initial public offering (IPO) of Cords Cable Industries, a specialised cable manufacturer for variety of industries, has closed for subscription. The issue received bids for 1.54 crore equity shares as against 30.85 lakh shares on offer.
Public issue subscribed 4.99 times, as per NSE website. QIBs reserved portion subscribed 6.83 times, HNIs 5.11 times and retail 2.58 times.
The price band was between Rs 125 and Rs 135 per equity share. The equity shares are proposed to be listed on Bombay Stock Exchange and National Stock Exchange.
The public issue includes an employee reservation of 70,000 equity shares and the net issue to the public is 30,15,000 equity shares. The issue would constitute 27% of the fully diluted post-issue paid-up capital of the company and the net issue would constitute 26.38%.
At present, CCIL manufacture cables upto 1.1 KV for various applications covering most segments of users including industrial, utility and buildings. It caters to a wide spectrum of cable users in various industries like power, steel, cement, fertilizers and chemicals, refinery / petroleum and many others. Its clients are from diverse industries and include names such as BHEL, NTPC, Hindalco, ACC, HPCL, GAIL, TATA STEEL, Siemens, Honeywell, L&T, MRPL and others.
The book running lead manager to the issue is Collins Stewart Inga Private Limited.
Source: Moneycontrol.com
Public issue subscribed 4.99 times, as per NSE website. QIBs reserved portion subscribed 6.83 times, HNIs 5.11 times and retail 2.58 times.
The price band was between Rs 125 and Rs 135 per equity share. The equity shares are proposed to be listed on Bombay Stock Exchange and National Stock Exchange.
The public issue includes an employee reservation of 70,000 equity shares and the net issue to the public is 30,15,000 equity shares. The issue would constitute 27% of the fully diluted post-issue paid-up capital of the company and the net issue would constitute 26.38%.
At present, CCIL manufacture cables upto 1.1 KV for various applications covering most segments of users including industrial, utility and buildings. It caters to a wide spectrum of cable users in various industries like power, steel, cement, fertilizers and chemicals, refinery / petroleum and many others. Its clients are from diverse industries and include names such as BHEL, NTPC, Hindalco, ACC, HPCL, GAIL, TATA STEEL, Siemens, Honeywell, L&T, MRPL and others.
The book running lead manager to the issue is Collins Stewart Inga Private Limited.
Source: Moneycontrol.com
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