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CCCL subscribed 80 times; Koutons over 44 times

CCCL subscribed 80 times; Koutons over 44 times
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First Published: Fri, Sep 21 2007. 06 29 PM IST
Updated: Fri, Sep 21 2007. 06 29 PM IST
PTI
Update
Mumbai: The Initial Public Offer (IPO) of real estate developer Consolidated Construction Consortium (CCCL) got subscribed over 80 times on the last day of the issue.
A total of 29.73 crore bids were received for 37 lakh shares on offer, latest data on the stock exchanges show.
CCCL is offering 37 lakh equity shares at a price band of Rs460-510 a share and expects to raise upto Rs189 crore from the public issue.
The company plans to use the proceeds to finance acquisition of construction infrastructure, for investment in subsidiaries, for skill and management development centre, repayment of loans and for general corporate purposes.
Meanwhile, the IPO of leading apparel manufacturing company Koutons got subscribed over 44 times on the last day of the issue.
The public issue received 15.72 crore bids against 35.24 lakh equity shares on offer, latest data shows.
Koutons hopes to raise upto Rs146 crore from the IPO, having fixed the price band of Rs370-415 a share.
The company plans to use the IPO proceeds to open more retail outlets and set up a manufacturing plant.
First break
Mumbai: The Initial Public Offer (IPO) of real estate developer Consolidated Construction Consortium (CCCL) got subscribed over 25 times on 21 September, the last day of issue. A total of 9.42 crore bids were received for 37 lakh shares on offer, latest data on the stock exchanges show.
CCCL is offering 37 lakh equity shares at a price band of Rs460-510 a share and expects to raise nearly Rs189 crore from the public issue.
The company plans to use the proceeds to finance acquisition of construction infrastructure, for investment in subsidiaries, for skill and management development centre, repayment of loans and for general corporate purposes.
Meanwhile, IPO of apparel manufacturer Koutons got subscribed over 17 times on its last day of issue.
It received 6.11 crore bids against 35.24 lakh shares on offer, latest data shows.
Koutons hopes to raise up to Rs146 crore from the IPO, and has fixed the price band of Rs370-415 a share.
The company plans to use the proceeds to open more retail outlets and set up a manufacturing plant.
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First Published: Fri, Sep 21 2007. 06 29 PM IST
More Topics: IPO | Koutons | CCCL | subscription | Money Matters |