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C & C Constructions IPO is a book build issue of ₹124.28 crores. The issue is entirely a fresh issue of 0.43 crore shares of ₹124.28 crore.
C & C Constructions IPO bidding started from Feb 5, 2007 and ended on Feb 9, 2007. The shares got listed on BSE, NSE on Feb 26, 2007.
C & C Constructions IPO price band is set at ₹291.00 per share . The lot size for an application is 20. The minimum amount of investment required by an retail is ₹5,400 (20 shares). The lot size investment for sNII is 35 lots (700 shares), amounting to ₹2,03,700, and for bNII, it is 172 lots (3,440 shares), amounting to ₹10,01,040.
Edelweiss Financial Services Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue.
Refer to C & C Constructions IPO RHP for detailed Information.
| IPO Date | February 5, 2007 to February 9, 2007 |
| Listing Date | February 26, 2007 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹270 to ₹291 per share |
| Issue Price Final | ₹291 per share |
| Lot Size | 20 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 42,70,647 shares (aggregating up to ₹124.28 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 1,39,89,329 shares |
| Share Holding Post Issue | 1,82,58,780 shares |
Constructions IPO offers total 42,69,451 shares. Out of which 25,61,671 (60.00%) allocated to QIB, 4,26,945 (10.00%) allocated to NII, 12,80,835 (30.00%) allocated to RII.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 25,61,671 (60.00%) | NA |
| NII (HNI) Shares Offered | 4,26,945 (10.00%) | NA |
| Retail Shares Offered | 12,80,835 (30.00%) | 64,041 |
| Total Shares Offered | 42,69,451 (100.00%) |
C & C Constructions IPO opens on February 5, 2007, and closes on February 9, 2007.
| IPO Open Date | Mon, Feb 5, 2007 |
| IPO Close Date | Fri, Feb 9, 2007 |
| Tentative Listing Date | Mon, Feb 26, 2007 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Feb 9, 2007 |
Investors can bid for a minimum of 20 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 20 | ₹5,820 |
| Retail (Max) | 34 | 680 | ₹1,97,880 |
| S-HNI (Min) | 35 | 700 | ₹2,03,700 |
| S-HNI (Max) | 171 | 3,420 | ₹9,95,220 |
| B-HNI (Min) | 172 | 3,440 | ₹10,01,040 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
C&C Constructions Limited is an infrastructure project development company that provides engineering, procurement and construction services for infrastructure projects in India and Afghanistan. C & C expertise is primarily in transportation engineering projects including roads, bridges flyovers and airport runways.
C&C has executes project in joint venture with BSCPL Hyderabad, whom they are working for the past five years.
Major Clients:
1. National Highways Authority of India;
2. Airports Authority of India;
3. Public Works Department of various State Governments;
4. Punjab Infrastructure Development Board;
5. Public Works Department, Afghanistan;
6. The Louis Berger Group, Inc;
7. RITES Limited; and
8. UNOPS.
Existing Projects:
1. Three projects on the East West Corridor in Bihar involving widening and strengthening of the existing single/intermediate lane into a 4 lane road under NHDP, Phase II
2. Four projects in Afghanistan involving construction, rehabilitation and upgradation of various road stretches including construction of culverts, bridges and drainage works
3. Widening and upgrading the existing carriageways to multilane carriageway for a High Capacity Bus System in Delhi.
Financial Facts:
1. In the years ended June 30, 2004, 2005 and 2006, C & C revenues were Rs. 1,636.12 million, Rs. 1,719.71 million and Rs. 2,117.32 million, respectively.
2. In the years ended June 30, 2004, 2005 and 2006, C & C earned profit after tax of Rs. 282.40 million, Rs. 288.16 million and Rs. 309.03 million, respectively.
| KPI | Values |
|---|---|
| RoNW | 29.27% |
The Company Constructions IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (in Millions) |
|---|---|---|
| 1 | Investment in Capital equipment | 276.00 |
| 2 | Investment in BOT projects | 850.00 |
| 3 | Augmenting working capital requirement | 250.00 |
| 4 | Issue Expenses |
| Listing Date | February 26, 2007 |
| BSE Script Code | 532813 |
| NSE Symbol | CANDC |
| ISIN | INE874H01015 |
| Final Issue Price | ₹291 per share |
| BSE Listing Group | B1 |
C & C Constructions Ltd.
C & C Constructions Limited,
Flat No: G-11, Hemkunt Chamber, Nehru Place,
New Delhi 110 019, India.
New Delhi, New Delhi
Phone: +91 124 4080661
Email: ipo@candcinfrastructure.com
Website: http://www.candcinfrastructure.com/
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
C & C Constructions IPO is a main-board IPO of 42,70,647 equity shares of the face value of ₹10 aggregating up to ₹124.28 Crores. The issue is priced at ₹291 per share. The minimum order quantity is 20.
The IPO opens on February 5, 2007, and closes on February 9, 2007.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in C & C Constructions IPO using UPI as a payment gateway. Zerodha customers can apply in C & C Constructions IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in C & C Constructions IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The C & C Constructions IPO opens on February 5, 2007 and closes on February 9, 2007.
C & C Constructions IPO lot size is 20, and the minimum amount required for application is ₹5,820.
You can apply in C & C Constructions IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for C & C Constructions IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the C & C Constructions IPO allotment status.
The C & C Constructions IPO listing date is on Monday, February 26, 2007.
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