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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 ₹135.00 per share . The lot size for an application is 50. The minimum amount of investment required by an retail is ₹6,250 (50 shares). 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 Date | January 21, 2008 to January 24, 2008 |
| Listing Date | February 13, 2008 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹125 to ₹135 per share |
| Issue Price Final | ₹135 per share |
| Lot Size | 50 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 30,85,000 shares (aggregating up to ₹41.65 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 83,42,780 shares |
| Share Holding Post Issue | 1,14,27,780 shares |
Cords Cable IPO offers total 30,85,000 shares. Out of which 15,07,500 (48.87%) allocated to QIB, 4,52,250 (14.66%) allocated to NII, 10,55,250 (34.21%) allocated to RII.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 15,07,500 (48.87%) | NA |
| NII (HNI) Shares Offered | 4,52,250 (14.66%) | NA |
| Retail Shares Offered | 10,55,250 (34.21%) | 21,105 |
| Employee Shares Offered | 70,000 (2.27%) | NA |
| Total Shares Offered | 30,85,000 (100.00%) |
| 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 |
Cords Cable Industries IPO opens on January 21, 2008, and closes on January 24, 2008.
| IPO Open Date | Mon, Jan 21, 2008 |
| IPO Close Date | Thu, Jan 24, 2008 |
| Tentative Listing Date | Wed, Feb 13, 2008 |
| Cut-off time for UPI mandate confirmation | 5 PM on Thu, Jan 24, 2008 |
Investors can bid for a minimum of 50 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 | 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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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.
| KPI | Values |
|---|---|
| RoNW | 49.67% |
The Company Cords Cable 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 | Setting up of production facilities | 574.00 |
| 2 | Working capital requirements | 63.00 |
| 3 | Issue Expenses | 45.00 |
| Listing Date | February 13, 2008 |
| BSE Script Code | 532941 |
| NSE Symbol | CORDSCABLE |
| ISIN | INE792I01017 |
| Final Issue Price | ₹135 per share |
| BSE Listing Group | B1 |
Cords Cable Industries Ltd.
B-1/A-26,
Mohan Co-operative Ind Estate,
Mathura Road,
New Delhi, New Delhi, 110044
Phone: +91-11-41676222
Email: ipo@cordscable.com
Website: http://www.cordscable.com
MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email: swapann@intimespectrum.com
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
Cords Cable Industries IPO is a main-board IPO of 30,85,000 equity shares of the face value of ₹10 aggregating up to ₹41.65 Crores. The issue is priced at ₹135 per share. The minimum order quantity is 50.
The IPO opens on January 21, 2008, and closes on January 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 January 21, 2008 and closes on January 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 Wednesday, February 13, 2008.
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