C & C Constructions Ltd IPO subscribed 20.25 times

The Initial Public Offering (IPO) of C & C Constructions Ltd has received subscription for 20.25 times. The IPO opened for subscription on February 5, 2007 and closed on February 9, 2007.

The company came out with a 100% book building issue of 42,69,451 equity shares each of Rs.10 at a price band of Rs.271 to Rs.291.

Out of the issue, 2561671 shares were reserved for Qualified Institutional Bidders(QIBs), 426945 shares were reserved for Non Institutional Investors and 1280835 shares were reserved for subscription by Retail Individual Investors(RIIs).

The issue which closed on Friday has received oversubscription of 19.25 times. The QIBs portion of the issue received subscription for 29.9577 times (76741880 shares), Non Institutional Investors portion for 7.9273 times (3384520 shares) and Retail Individual Investors protion for 4.9559 times (6347640 shares).

Edelweiss Capital Ltd was the Book Running Lead Manager to the issue. BIGSHARE Services Pvt Ltd is the Registrar to the Issue.

The company's website is C & C Constructions Ltd

Source : Equity Bulls

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