Cantabil Retail India Limited IPO : Settled at 22.41% discount on debut

by khalid on 13/10/2010 · 0 comments

Cantabil Retail India Limited’s shares debuted at Rs. 133.80, a 0.89% discount to the initial public offering (IPO) price of Rs 135. At the end of the day, At the end if the day shares price was Rs 104.75 which is a discount of 22.41% over the issue price. The stock hit a high of Rs. 133.80 and low of Rs. 102.10 on the day 1. Cantabil Retail India Limited is a textiles, apparels and luxury goods comapny. The company is engaged in designing, manufacturing, branding, and retailing apparels under the CANTABIL and La FANSO names in India.

Cantabil Retail India Limited IPO had been oversubscribed just 2.35 times at the end of the final day of subscription 27 September 2010. The IPO of Cantabil Retail India Limited had received a so so response from the investors with the final over-subscription figure nearing to about 2.35 times on an overall basis. Qualified Institutional Buyers (QIBs) category of investors had shown least support of 1.71 times only.

Listing day Summary :-
Listing Date: 12th Oct 2010
BSE Scrip Code : 533267
Listing In : ‘B’ Group of Securities
ISIN : INE068L01016
Issue Price : Rs. 135.00 Per Equity Share
Face Value : Rs. 10.00 Per Equity Share

On the BSE:-
Issue Price: Rs. 135.00
Open : 133.80
High : 133.80
Low : 102.10
Close : 104.75
Last Trade : 104.75

The proceeds of this IPO will be used to establishment of new integrated manufacturing facility, expansion of exclusive brand outlets, additional working capital, repayment of debt, general corporate purposes and expenses for the IPO.

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