Sunday, January 13, 2008

Cords Cable Industries Limited IPO




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.

    Objects of the Issue:

    The objects of the Issue are to achieve the benefits of listing on the Stock Exchanges & to raise capital
  1. Setting up of the production facilities;
  2. To meet the expenses of the Issue;
  3. For General Corporate Purpose;
  4. To meet the long term working capital requirements of the Company.

Cords Cable Industries Limited IPO Information

»» Public Issue Open : January 21, 2008 to January 24, 2008
»» Public Issue Type : 100% Book Built Issue (Initial Public Offer IPO)
»» Public Issue Size: 35,00,000 Equity Shares of Rs. 10/-
»» Face Value: Rs. 10/-
»» Public Issue Price: Rs. 125/- to Rs. 135/- Per Equity Share
»» Maximum Subscription Amount for Retail Investor: Rs 100,000/-
»» Listing : BSE, NSE
»» Lead Manager: Collins Stewart Inga Private Limited
»» Registrar : Intime Spectrum Registry Ltd (Ph: +91-22-2596 0320 Email: swapann@intimespectrum.com)

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