Bookbuilding IPO | ₹124 Cr | Listed at BSE, NSE | Mon, Feb 5, 2007 - Fri, Feb 9, 2007
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 per share. The lot size for an application is 20. The minimum amount of investment required by an retail is ₹5,820 (20 shares) (based on upper price). 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 Open
Mon, Feb 5, 2007
IPO Close
Fri, Feb 9, 2007
Issue Price
₹291 per share
Market Cap (Pre-IPO)
₹531.33 Cr
| IPO Date | 5 to 9 Feb, 2007 |
| Listed on | Mon, Feb 26, 2007 |
| Face Value | ₹10 per share |
| Price Band | ₹270 to ₹291 |
| Issue Price | ₹291 per share |
| Lot Size | 20 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 42,70,647 shares (agg. up to ₹124 Cr) |
| Fresh Issue | 42,70,647 shares (agg. up to ₹124 Cr) |
| Share Holding Pre Issue | 1,39,89,329 shares |
| Share Holding Post Issue | 1,82,58,780 shares |
| BSE Script Code / NSE Symbol | 532813 / CANDC |
| ISIN | INE874H01015 |
C & C Constructions IPO comprises a total issue size of 42,69,451 shares. Out of which, 25,61,671 (60.00%) are allocated to QIB, 4,26,945 (10.00%) allocated to NII 12,80,835 (30.00%) allocated to RII.
| Investor Category | Shares Offered | % of Total Issue | Max 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% |
Investors can bid for a minimum of 20 shares and in multiples thereof.
| 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 |
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.
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Investment in Capital equipment | 27.60 |
| 2 | Investment in BOT projects | 85.00 |
| 3 | Augmenting working capital requirement | 25.00 |
| 4 | Issue Expenses |
| KPI | |
|---|---|
| RoNW | 29.27% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 90.03% | 68.98% |
| Market Cap | ₹531.33 Cr. |
The Constructions IPO is subscribed 20.25 times on February 9, 2007 5:00:00 PM (Day 5). The public issue subscribed 4.96 times in the retail category, 29.96 times in the QIB category, and 7.93 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹291.00 | ₹291.00 |
| Open | ₹350.00 | ₹288.00 |
| Low | ₹229.15 | ₹229.15 |
| High | ₹350.00 | ₹288.00 |
| Last Trade | ₹239.90 | ₹241.45 |
Lead Manager Reports
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 Crores. The issue is priced at ₹291 per share. The minimum order quantity is 20.
The IPO opens on Mon, Feb 5, 2007, and closes on Fri, Feb 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 Mon, Feb 5, 2007 and closes on Fri, Feb 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 Mon, Feb 26, 2007.
