Bookbuilding IPO | ₹42 Cr | Listed at BSE, NSE | Mon, Jan 21, 2008 - Thu, Jan 24, 2008
Cords Cable Industries IPO is a book build issue of ₹41.65 crores. The issue is entirely a fresh issue of 0.31 crore shares of ₹41.65 crore.
Cords Cable Industries IPO bidding started from Jan 21, 2008 and ended on Jan 24, 2008. The shares got listed on BSE, NSE on Feb 13, 2008.
Cords Cable Industries IPO price band is set at ₹135 per share. The lot size for an application is 50. The minimum amount of investment required by an retail is ₹6,750 (50 shares) (based on upper price). The lot size investment for sNII is 30 lots (1,500 shares), amounting to ₹2,02,500, and for bNII, it is 149 lots (7,450 shares), amounting to ₹10,05,750.
The issue includes a reservation of up to 70,000 shares for employees offered at a discount of ₹0.00 to the issue price.
Collins Stewart Inga Pvt.Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to Cords Cable Industries IPO RHP for detailed Information.
IPO Open
Mon, Jan 21, 2008
IPO Close
Thu, Jan 24, 2008
Issue Price
₹135 per share
Market Cap (Pre-IPO)
₹154.28 Cr
| IPO Date | 21 to 24 Jan, 2008 |
| Listed on | Wed, Feb 13, 2008 |
| Face Value | ₹10 per share |
| Price Band | ₹125 to ₹135 |
| Issue Price | ₹135 per share |
| Lot Size | 50 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 30,85,000 shares (agg. up to ₹42 Cr) |
| Fresh Issue | 30,85,000 shares (agg. up to ₹42 Cr) |
| Share Holding Pre Issue | 83,42,780 shares |
| Share Holding Post Issue | 1,14,27,780 shares |
| BSE Script Code / NSE Symbol | 532941 / CORDSCABLE |
| ISIN | INE792I01017 |
Cords Cable Industries IPO comprises a total issue size of 30,85,000 shares. The net offer to the public is 30,15,000 shares, after excluding 70,000 shares under a preferential allotment. Of the Net offer 15,07,500 (50.00%) are allocated to QIB, 4,52,250 (15.00%) allocated to NII 10,55,250 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue | Max Allottees |
|---|---|---|---|---|
| QIB Shares Offered | 15,07,500 | 50.00% | 48.87% | NA |
| NII (HNI) Shares Offered | 4,52,250 | 15.00% | 14.66% | NA |
| Retail Shares Offered | 10,55,250 | 35.00% | 34.21% | 21,105 |
| Preferential Reservations | ||||
| Employee Shares Offered | 70,000 | 2.27% | NA | |
| Total Shares Offered | 30,85,000 | 100.00% | 100.00% | |
Investors can bid for a minimum of 50 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 50 | ₹6,750 |
| Retail (Max) | 29 | 1,450 | ₹1,95,750 |
| S-HNI (Min) | 30 | 1,500 | ₹2,02,500 |
| S-HNI (Max) | 148 | 7,400 | ₹9,99,000 |
| B-HNI (Min) | 149 | 7,450 | ₹10,05,750 |
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Only RII | Up to Rs 2 Lakhs | Yes |
| Only sNII | Rs 2 Lakhs to Rs 10 Lakhs | No |
| Only bNII | Rs 10 Lakhs to NII Reservation Portion | No |
| Only employee | Yes | |
| Employee + RII/NII |
|
Yes for Employee and RII/NII |
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 Cable manufacture cables upto 1.1 KV for various applications covering most segments of users including industrial, utility and buildings. Thet have wide spectrum of cable users in various industries like power, steel, cement, fertilizers and chemicals, refinery / petroleum and many others.
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.
| 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 | Setting up of production facilities | 57.40 |
| 2 | Working capital requirements | 6.30 |
| 3 | Issue Expenses | 4.50 |
| KPI | |
|---|---|
| RoNW | 49.67% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 79.1% | 57.75% |
| Market Cap | ₹154.28 Cr. |
The Cords Cable IPO is subscribed 4.99 times on January 24, 2008 5:00:00 PM (Day 4). The public issue subscribed 2.58 times in the retail category, 6.83 times in the QIB category, and 5.11 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 | ₹135.00 | ₹135.00 |
| Open | ₹130.00 | ₹143.00 |
| Low | ₹113.00 | ₹110.20 |
| High | ₹151.00 | ₹151.00 |
| Last Trade | ₹138.30 | ₹139.45 |
Lead Manager Reports
Cords Cable Industries IPO is a main-board IPO of 30,85,000 equity shares of the face value of ₹10 aggregating up to ₹42 Crores. The issue is priced at ₹135 per share. The minimum order quantity is 50.
The IPO opens on Mon, Jan 21, 2008, and closes on Thu, Jan 24, 2008.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Cords Cable Industries IPO using UPI as a payment gateway. Zerodha customers can apply in Cords Cable Industries IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Cords Cable Industries IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Cords Cable Industries IPO opens on Mon, Jan 21, 2008 and closes on Thu, Jan 24, 2008.
Cords Cable Industries IPO lot size is 50, and the minimum amount required for application is ₹6,750.
You can apply in Cords Cable Industries 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 Cords Cable Industries IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Cords Cable Industries IPO allotment status.
The Cords Cable Industries IPO listing date is on Wed, Feb 13, 2008.
