CEBBCO IPO : Settled at 11.10% discount on debut

by khalid on 18/10/2010 · 0 comments

Commercial Engineers & Body Builders (CEBBCO)’s shares debuted at Rs. 119.20, a 6.29% discount to the initial public offering (IPO) price of Rs 127. At the end if the day shares price was Rs 112.90 which is a discount of 11.10% over the issue price. The stock hit a high of Rs. 142.55 and low of Rs. 106.35 on the day 1. Kanpur based Commercial Engineers & Body Builders (CEBBCO) is designer and manufacturer company of vehicle bodies, refurbishment of wagons, components for wagons and auto components.

CEBBCO IPO had been oversubscribed just 2.07 times at the end of the final day of subscription 5th October 2010. The IPO of Commercial Engineers & Body Builders Co Limited had received a so so response from the investors with the final over-subscription figure nearing to about 2.07 times on an overall basis. Non Institutional Investors category of investors had shown least support of 0.34 times only.

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

On the NSE:-
Issue Price: Rs. 127.00
Open : 119.20
High : 142.55
Low : 106.35
Close : 112.90
Last Trade : 112.90

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

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