CEBBCO IPO : Opening on 30th Sep 2010

by khalid on 28/09/2010 · 0 comments

Kanpur based Commercial Engineers & Body Builders (CEBBCO) is 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. The company is entering into primary market with an Initial Public Offer (IPO) of Rs. 170 Crores . The IPO is opening on 30th Sep 2010 and the shares will be available for subscription up to 5th Oct 2010. The premium of the issue will be decided through a 100% Book Building Process. The price band for the issue has been fixed at Rs. 125 – Rs. 127 Per Equity Share.

The proceeds of this IPO will 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).

Issue Detail:-
Issue Open : 30th Sep 2010 – 5th Oct 2010
Issue Type : 100% Book Built Issue IPO
Issue Size : 11,324,938 Equity Shares of Rs 10 each
Issue Size : Rs. 170.00 Crores
Face Value : Rs 10 Per Equity Share
Issue Price : Rs. 125 – Rs. 127 Per Equity Share
Market Lot : 55 Shares
Minimum Bid Quantity : 55 Shares
Listing At : BSE, 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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