CEBBCO IPO : Listing on 18th Oct 2010

by khalid on 18/10/2010 · 0 comments

Commercial Engineers & Body Builders (CEBBCO) Limited has informed the share market (BSE) that the shares of its recent IPO will list on 18th Oct 2010. The IPO was open between 30th Sep 2010 to 5th Oct 2010. The price band was Rs 125 to Rs 127 and the Issue Price was fixed at the upper level of price band, Rs 127 per equity share. The company had entered into primary market with an Initial Public Offer (IPO) of Rs 153.00 crores. Kanpur based Commercial Engineers & Body Builders (CEBBCO) is a designer and manufacturer company of vehicle bodies, refurbishment of wagons, components for wagons and auto components. The company has clients like Tata Motors Limited, Ministry of Defence, Reliance Petroleum, Reliance Industries, Ashok Leyland, VE Commercial Vehicles (a JV between Volvo group of Companies and Eicher Motors) amongst others. manufacturers in western India.

IPO Listing Detail :-
Listing Date: 18th Oct 2010
BSE Scrip Code : 533272
Listing In : ‘B’ Group of Securities
ISIN : INE209L01016
Issue Price : Rs. 127.00 Per Equity Share
Face Value : Rs. 10.00 Per Equity Share

The IPO proceeds would be used for capital expenditure for setting up a wagon manufacturing facility in Jabalpur, prepayment of identified loan facilities and general corporate purposes.

The equity shares offered through the IPO are proposed to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).

Book running lead managers to the issue are ICICI Securities Ltd and Edelweiss Capital Ltd.

Registrar of the Issue : Karvy Computershare Pvt Ltd. Hyderabad.

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