Cords Cable IPO

Cords Cable IPO has been launched by Cords Cable Industries Limited, a producer of electric cables in India. Cords Cable IPO has been issued by the company in order to fulfill various objectives such as to expand the operations of the company and to meet the cost of the issue.

Cords Cable Industries Limited has been incorporated in 1991 and it is involved in the business of providing quality and cost effective solutions for a wide range of requirements for electrical connectivity. The company produces cables for various industries such as chemicals and fertilizers, steel, petroleum, cement and power.

The major clients of Cords Cable Industries Limited are Hindalco, Tata Steel, HPCL, ACC, BHEL, Siemens, L&T, Honeywell and NTPC.

Cords Cable IPO has been issued by Cords Cable Industries Limited. Cords Cable IPO was issued on 21st January, 2008 and closed on 24th January, 2008. Cords Cable IPO consists of 30,85,000 equity shares of ` 10 each. The price band of Cords Cable IPO has been fixed at ` 125 to ` 135 per equity share. It has been listed on the National Stock Exchange and Bombay Stock Exchange.

The registrar of Cords Cable IPO is Intime Spectrum Registry Ltd. The lead manager of Cords Cable IPO is Collins Stewart Inga Private Limited. The maximum amount of subscription for the retail investor in the issue is ` 100,000. The minimum number of shares that have to be ordered in Cords Cable IPO is fifty shares.

Main objectives of Cords Cable IPO:

• To establish production facilities.
• To meet the company's requirements for working capital.
• To meet the cost of the issue.
• To meet the corporate purposes.

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