Consolidated Construction Consortium Limited IPO Subscribed 81.18 times

The Initial Public Offering (IPO) of Consolidated Construction Consortium Limited which closed for subscription today - September 21, 2007 has received overwhelming response from investors with the issue receiving subscription of 81.18 times. The IPO opened for subscription on September 18, 2007.

The company came out with an IPO of 37,00,000 Equity Shares of Rs.10 each for cash at a price band of Rs.460/- to Rs.510/- through 100% book-building process.

The Issue received total bids for 300355056 equity shares against the offer of 3700000 equity shares. The Issue received bids for 13468392 shares at cut-off price.

Out of the issue, Qualified Institutional Buyers (QIBs) portion receiving subscription of 117.6797 times with bids for 261249024 shares against the offer of 2220000 shares.

The Non Institutional Investors portion of the issue received bids for 25019484 equity shares against the offer of 370000 shares resulting in a subscription of 67.6202 times.

The Retail Individual Investors (RIIs) portion of the issue received bids for 14086548 shares against the offer of 1110000 shares resulting in a subscription of 12.6906 times.

Source : Equity Bulls

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