Cords Cable Industries Limited IPO Price Payment Info
The New Delhi-based Cords Cable Industries Ltd, manufacturer of cables for a variety of industries, will enter the capital market next week with an IPO of 30.85 lakh equity shares of Rs 10 each for cash at a price to be decided through a 100 per cent book-building process.
The issue would constitute 27 per cent of the fully diluted post-issue paid-up capital of the company. Cords Cable Industries Ltd, a manufacturer of specialised cable for a variety of industries, will be entering the capital markets with an IPO of 3085000 equity shares of Rs 10 each for cash at a price to be decided through a 100 per cent book-building process.
The issue will be open for subscription from January 21-24. The price band is fixed between Rs 125 and Rs 135 per equity share. The equity shares of the company will be listed on both the NSE and the BSE. This issue will include 70000 shares reserved for employees and the net issue to the public will be 3015000 shares.
Incorporated in 1991, Cords Cable Industries Limited is in the business of providing cost-effective and quality solutions for various electrical connectivity requirements. Cords developed a wide range of specialised cables to address the specific requirements of industries involving modern process technologies, instrumentation and communication demanding the highest standards of precision and reliability and cables for house-hold users.
Cords 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.
Objective of the Issue:
1. The objects of the Issue are to achieve the benefits of listing on the Stock Exchanges & to raise capital Setting up of the production facilities;
2. To meet the expenses of the Issue;
3. For General Corporate Purpose;
4. To meet the long term working capital requirements of the Company.
Cords Cable Industries Limited IPO Information
- Public Issue Open : January 21, 2008 to January 24, 2008
- Public Issue Type : 100% Book Built Issue (Initial Public Offer IPO)
- Public Issue Size: 35,00,000 Equity Shares of Rs. 10/-
- Face Value: Rs. 10/-
- Public Issue Price: Rs. 125/- to Rs. 135/- Per Equity Share
- Maximum Subscription Amount for Retail Investor: Rs 100,000/-
- Listing : BSE, NSE
- Lead Manager: Collins Stewart Inga Private Limited
- Registrar : Intime Spectrum Registry Ltd (Ph: +91-22-2596 0320)
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Tags : bse, cable industries, capital markets, cords cable, equity share, nse , 407 Views
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