Consolidated Construction Consortium Limited IPO opened its subscription from 8th September 2007 to 21st September 2007. The IPO comprised 3,700,000 equity shares with a face value of Rs. 10 per share. The price band fixed for each Equity share of the IPO ranged between Rs. 460 and Rs. 510 respectively.
An Overview of Consolidated Construction Consortium Limited IPO
The Consolidated Construction Consortium Limited IPO was opened on 18th September 2007 and closed on 21st September 2007.
The objective of the Initial Public Offering (IPO) was to use the funds to finance the capital expenditure of Consolidated Construction Consortium Limited, to invest in its subsidiary units, start a development center, and repay loans. The opening and closing date of the subscription of Consolidated Construction Consortium Limited IPO coincided with that of Koutons Retail IPO. The price range for the Equity shares of the IPO was fixed between Rs. 460 and Rs. 510 per share. The shares of the Consolidated Construction Consortium Limited IPO got listed on the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) which was a great benefit for the company. Enam Financial Consultants Pvt. Limited, Kotak Mahindra Capital Company Limited and Spark Capital were the lead managers of the IPO of Consolidated Construction Consortium and the registrar of the IPO was Karvy Computershare Pvt. Limited.
Issue Details of Consolidated Construction Consortium Limited IPO
Consolidated Construction Consortium Limited introduced its IPO in the year 2007 with Equity shares size of 3,700,000 which had a face value of Rs. 10 per share. The subscription for Consolidated Construction Consortium Limited IPO (CCCL IPO) was opened from 18th September 2007 to 21st September 2007A minimum of 12 shares needed to be invested. Retail investors were allowed a maximum investment of Rs. 100000 in the Consolidated Construction Consortium Limited IPO. The Tick size was fixed at Re. 1.
Objectives of Consolidated Construction Consortium Limited IPO (CCCL IPO)-
- To provide finance for the construction activities to be carried out in the infrastructure development
- To invest in the subsidiary firms
- To get benefited from the two stock exchanges in India
- To serve corporate purposes
- To repay various loans been taken
- To meet the expenditures involved in establishing skill and management development center
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