Consolidated Construction Consortium Ltd IPO (CCCL IPO) Detail

Sep 18, 2007 - Sep 21, 2007

Incorporated in 1997, Consolidated Construction Consortium Ltd (CCCL) is in the business of construction. CCCL is an ISO-certified company with a turnover of around Rs. 8.55 billion. CCCL provide construction services in the industrial, commercial, infrastructure and residential sectors of the construction industry.

CCCL operations include a range of construction services such as construction design, engineering, procurement, construction and project management and construction allied services such as mechanical and electrical, plumbing, fire-fighting, heating, ventilation and air conditioning, interior fit-out services and glazing solutions.

CCCL has executed 334 projects, comprising of 104 industrial projects, 172 commercial projects, 14 infrastructure projects, and 44 residential projects across 14 states in India. CCCL's projects include factories, residential and commercial buildings, hospitals, hotels, power plants and structures in the infrastructure sector such as water tanks, water supply schemes and bridges.

CCCL has constructed structures for a variety of private and public sector clients from various sectors such as IT / ITES, hospitals, hospitality, pharmaceuticals, education, hospitality, manufacturing, retail, malls and multiplexes. CCCL's major clients include Infosys Technologies Limited, Ascendas IT Park (Chennai) Limited, Khivraj Technology Park Private Limited, Manipal University, Airport Authority of India Limited, Hi-Tech Carbon (a unit of Aditya Birla Nuvo Limited) and the Infosys Foundation.

CCCL's revenues have grown from Rs. 1602.36 million in Fiscal 2004 to Rs. 8,683.71 million in Fiscal 2007, which is a CAGR of 76% and our profit after tax has increased from Rs. 41.20 million in Fiscal 2003 to Rs. 476.77 in Fiscal 2007, which is a CAGR of 126%.

Objects of the Issue:

The objects of the Issue are to achieve the benefits of listing on the Stock Exchanges & to raise capital to
1. Finance the acquisition of construction infrastructure;
2. Investment in its subsidiaries;
3. Expenditures towards our skill and management development center and
4. Repayment of loans.

CCCL IPO Details

IPO Opening DateSep 18, 2007
IPO Closing DateSep 21, 2007
Issue TypeBook Built Issue IPO
Face Value₹10 per equity share
IPO Price₹460 to ₹510 per equity share
Market Lot12 Shares
Min Order Quantity12 Shares
Listing AtBSE, NSE
Issue Size3,700,000 Eq Shares of ₹10
(aggregating up to ₹188.70 Cr)

CCCL IPO Lot Size

The CCCL IPO market lot size is 12 shares. A retail-individual investor can apply for up to 32 lots (384 shares or ₹195,840).

ApplicationLotsSharesAmount (Cut-off)
Minimum112₹6,120
Maximum32384₹195,840

CCCL IPO Subscription Status (Bidding Detail)

The CCCL IPO is subscribed 81.18x times on Sep 21, 2007 17:00. The public issue subscribed 12.69x in the retail category, 117.68x in the QIB category, and 67.62x in the NII category. Check Day by Day Subscription Details (Live Status)

CategoryIPO Subscription
Total

81.18x

CCCL IPO Prospectus

CCCL IPO Rating

98
3.5
Rating:Rated 3.5 stars

Vote Here ...

CCCL IPO Listing Date

Listing DateMonday, October 15, 2007
BSE Script Code532902
NSE SymbolCCCL
Listing InB1
ISININE429I01024
IPO Price₹510 per equity share
Face Value₹10 per equity share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
Volume
BSE
₹510.00
₹801.00
₹736.20
₹825.25
₹791.45
5,828,944
NSE
₹510.00
₹889.90
₹735.00
₹889.90
₹792.10
7,058,707

CCCL IPO Reviews / Ratings

  • S P Tulsian - Avoid
  • Business Line - Subscribe
  • Keynote Capitals Ltd - Subscribe for Long Term

Company Contact Information

Consolidated Construction Consortium Ltd
5, Second Link Street,
CIT Colony,
Mylapore, Chennai 600 004 India

Phone: +91 44 2466 1083
Email: investors@ccclindia.com
Website: http://www.ccclindia.com/

CCCL IPO Registrar

KFintech Private Limited
   Selenium Building, Tower-B, Plot No 31 & 32,
   Financial District,Nanakramguda, Serilingampally,
   Rangareddi, Telangana India - 500 032.

Phone: 1-800-3454001
Email: cccl.ipo@karvy.com
Website: https://karisma.kfintech.com/

CCCL IPO FAQs

  1. What is CCCL IPO?

    CCCL IPO is a main-board IPO of 3,700,000 equity shares of the face value of ₹10 aggregating up to ₹188.70 Crores. The issue is priced at ₹460 to ₹510 per equity share. The minimum order quantity is 12 Shares.

    The IPO opens on Sep 18, 2007, and closes on Sep 21, 2007.

    KFintech Private Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

  2. When CCCL IPO will open?

    The CCCL IPO opens on Sep 18, 2007 and closes on Sep 21, 2007.

  3. What is the lot size of CCCL IPO?

    CCCL IPO lot size is 12 Shares and the minimum order quantity is 12 Shares.

  4. How to apply for CCCL IPO?

    You can apply in CCCL IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

  5. When CCCL IPO allotment?

    The finalization of Basis of Allotment for CCCL IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the CCCL IPO allotment status.

  6. When is CCCL IPO listing date?

    The CCCL IPO listing date is on Monday, October 15, 2007.

CCCL IPO Message Board

Ranked Members  Ranked Members

Loading...
263. Dr.prikshit |Nov 7, 2007 19:40
i have lost my refund check of cccl in banking transctions.what to do now ??????plzzzzz help. karvy mail is not working??????
262. DELHI WALA BHAI |Oct 31, 2007 17:18
MR SP. TULSIYAN(MR.BEAR) IS WORST ANALIST IN MARKET
READ THIS THEN U BELIVE HES TELING THAT CCCL IS VALUE AROUND 250 NOW ITS QUOETING AT 300% TIMES,I LOST MONEY FROM HIS ANYLSIS
Consolidated Construction Consortium is entering the capital market on 18th September, 2007 with a public issue of 37 lakh equity shares of Rs.10 each, in the band of Rs.460 to Rs.510 per share.



While analysing the Red Herring Prospectus, we were stunned that how can this type of a company, fix band of as high as Rs.510 per share. Over 30 listed quality stocks, which are pure construction and contracting companies, are available in the secondary market at half of its valuation.



The company’s total income was Rs.868 crores in FY 07, while it was Rs.1,888 crores in last five years from FY 03 to FY 07. So a CAGR of 76% is witnessed in topline and 126% in bottomline, in last 4 years. Also, PAT in FY 07 was Rs.47.68 crores while total PAT was at Rs.82 crores in the last five years. EPS for FY 07 was placed at Rs.14.35 on pre-issue equity of Rs.33.26 crores. EPS for FY 07 has been shown at Rs.39.42, by the company, which is on equity base of Rs.13.30 crores. On 16-04-07, the company issued bonus in the ratio of 3 shares for every 2 shares held, and hence equity rose to Rs.33.26 crores, So, correct estimation of EPS has to be on the expanded equity.



The post issue equity of the company would be Rs.36.96 crores, and market capitalization at Rs.510 per share, would be Rs.1,900 crores. The company has orders on hand of Rs.2,050 crores as on 31-07-07. Adding debt of Rs.150 crores, enterprise value works out to 1 time of order book.



Nagarjuna Construction has market cap of about Rs.4,500 crores while order on hand of the company is over Rs.8,000 crores. IVRCL Infrastructure market capitalisation is about Rs.4,800 crores, while orders in hand are close to Rs.9,000 crores, apart from having 4 crore shares of IVR Prime with market value of Rs.1,440 crores. The same valuation comparison can be made for so many other pure construction companies, engaged in southern market, and this stock would be found expensive atleast by over 100%.



Preferential Allotment were made by the company on 31-03-06, at Rs.360 per share. Adjusting for bonus shares, the effective cost works out to Rs.144 per share. Now, IPO is made at Rs.460 to Rs.510. Fleecing the investors. This allotment was made to UTI Venture Funds and Evolvence.



After Purvankara Projects, probably this is the case of another aggressive pricing and needs to admire the courage of issuer, to ask for such a steep price, that too of a company, engaged in a sector, for which umpteen number of quality stocks are available in the secondary market.



Just give a pass to the issue, as its fundamental value is not more than Rs.250 per share
261. AKA |Oct 15, 2007 21:26
DEAR AKKA,

I WAS REMEMBERING YOU AT THE TIME OF LISTING. BUT DUE TO MY OVERCOMMITMENTS I COULD NOT POST THE MESSAGE IN THE MORNING. I AM IN THE MARKET FOR THE PAST 4 YEARS AND MAKING DECENT MONEY IN IPO'S. REMBER ONE THING IF YOU FOLLOW THE ANALYTS BLINDLY PARTICULARLY SP TULSIAN YOU WILL NOT BE ABLE TO APPLY IN MORE THAN 2% OF IPO;S. JUST COMPARE THE COMMENTS OF THE ANALYSTS BEFORE AND AFTER THE LISTING AND HOW THEY CHANGE THE COLOURS. SO YOU HAVE TO TAKE THE DECISION DEPENDING ON MANY FACTORS. EVERBODY HAD AVIODED MOTILAL AS TOLD BY ANALYSTS TO BE OVERPRICED AND ON LISING DAY THESE SAME GUYS WERE TALKING OF LISTING ABOVE RS. 1000. THERE ARE NO. OF EXAMPLES.

ANYWAY ENJOY LISTING GAINS

REGARDS
AKA
260. AKKA |Oct 15, 2007 17:13
dear aka ,where r u ? see your message nos 70, u told to meet on listing day of... ccc...listing is as exepected by u. i m really very sorry for posting the view of mr. sptulsian in hurry .generally i apply 7 application of max lot in any ipo but due to sptulsian i applied only 3 lots at last moment.i m regretting that till now.like me many have missed this ipo.in future i will take care.sorry dear all,and perticularly....my dear friend.....AKA......
259. Amit vohra |Oct 15, 2007 10:29
what is the grey market?
258. cccl ipo |Oct 15, 2007 10:21
sry the name should have said cccl ipo... listing at 650++ = Sell before 1 pm ... closing tg 525-550... 1 month tg 300
257. dhanus ipo |Oct 15, 2007 10:19
listing at 600++ = Sell before 1 pm ... closing tg 525-550... 1 month tg 300
256. dharanidhark |Oct 15, 2007 09:26
sadists beware, CCCL is too proffesional and can through your spy game.
255. raj |Oct 15, 2007 09:00
Worth at only Rs.250
The company’s total income was Rs.868 crores in FY 07, while it was Rs.1,888 crores in last five years from FY 03 to FY 07. So a CAGR of 76% is witnessed in topline and 126% in bottomline, in last 4 years. Also, PAT in FY 07 was Rs.47.68 crores while total PAT was at Rs.82 crores in the last five years. EPS for FY 07 was placed at Rs.14.35 on pre-issue equity of Rs.33.26 crores. EPS for FY 07 has been shown at Rs.39.42, by the company, which is on equity base of Rs.13.30 crores. On 16-04-07, the company issued bonus in the ratio of 3 shares for every 2 shares held, and hence equity rose to Rs.33.26 crores, So, correct estimation of EPS has to be on the expanded equity.
The post issue equity of the company would be Rs.36.96 crores, and market capitalization at Rs.510 per share, would be Rs.1,900 crores.
Preferential Allotment were made by the company on 31-03-06, at Rs.360 per share. Adjusting for bonus shares, the effective cost works out to Rs.144 per share. Now, IPO is made at Rs.460 to Rs.510. Fleecing the investors. This allotment was made to UTI Venture Funds and Evolvence.

source : sptulsia

254. raj |Oct 15, 2007 08:55
hi,

it will list around 800. exit and dont feel sorry later. it will come down to 600.
253. vamsee |Oct 14, 2007 23:55
It will open around 710 to 750 and will surely go upto 850 >Guys purchase it at the opening rate if u can get it
252. gurpreet |Oct 14, 2007 23:52
grey market premium upwards to 300-330
251. Naresh |Oct 14, 2007 00:51
This is reply to query at S.No. 249 published in Economic times

NEW DELHI: Individual tax payers may be in for some cheer. The tax-free investment limit for individuals may soon be hiked from the present Rs 1 lakh to Rs 1.5 lakh.

The proposal that the government is deliberating has a condition though: the additional Rs 50,000 will have to be invested in infrastructure bonds. The move is aimed at mobilising funds to bridge the resource gap of about $40 billion in infrastructure during the Eleventh Plan period (2007-2012).

The power ministry has already taken the lead, under the prime minister’s direction, to launch Vidyut Vikas Patra or power bonds. The move may be announced in the next budget.

“The government is considering enhancing the tax-free investment limit with the dual purpose of providing relief to tax payers and mobilising funds for the infrastructure sector, which requires about $500-billion investment during the Eleventh Plan. The move has been favoured by a standing group of power ministers constituted by the prime minister. The group has now constituted a sub-committee headed by Planning Commission deputy chairman Montek Singh Ahluwalia to fine-tune the proposal for inclusion in next year’s budget,” an official source said. The move may also help the government in the event of snap polls, added the source.

Infrastructure bonds are reckoned to be good for mobilising resources; analysts see the new cap raising about Rs 3 lakh crore for infrastructure in the remaining four years of the Plan. The instrument lost its lure after it was stripped of the sub-limit for obtaining tax sops on such investments.
u From Page 1

Till the 2004-05 fiscal, individual tax payers were given a tax exemption for investments up to Rs 1 lakh per annum. This benefit enjoyed a sub-limit of Rs 30,000 as maximum investment in infrastructure bonds.

However, this clause was removed from the 2005-06 fiscal. Instead, infrastructure bond investments have since been made part of the overall Rs 1 lakh cap for availing tax benefit.

The sub-limit is now proposed to be restored with an enhanced exemption of Rs 50,000 to woo back tax payers.
It has been estimated that even if one-third of the tax payer base subscribes to power bonds, around Rs 75,000 crore could be mobilised each fiscal. The funds thus garnered would also benefit the power sector, which is short of about Rs 4.5 lakh crore in investment needs.

The Eleventh Plan has targeted a Rs 10.3-lakh-crore investment strategy for the sector. “The power sector alone could mobilise over Rs 1.2 lakh crore over the next four years if the tax-free exemption limit is enhanced. This is assuming that 40% of the amount mobilised (in line with the share of power in infrastructure sector) from infrastructure bonds goes to the power sector,” the source said.
250. jackie |Oct 13, 2007 12:32
Dear All

Pls Dont sell CCCL Listing date ok.
Listing Price : 710 Rs.
Intraday Touch : 750 Rs.
Future Price : aroung 1200 within 6 month.
so plz Dont sell CCCL.
It is gud Compnay dear all so plz save this shares.
249. AK |Oct 13, 2007 08:06
244. khandelwal

Please clarify new provisions of income tax regrding additional saving of Rs 50000. Applicable from which date,
248. sam |Oct 12, 2007 18:52
Dear Kannan Really CCCL will listed on 777.00 and going up to ?
247. satish |Oct 12, 2007 18:50
don't sell this stock. it will list at 825, with in a week it will go to 4 digits. the stock is future L&T.
246. sam |Oct 12, 2007 18:43
Good eveening everybody......... have you any idea of listing date of CCCL and the preimium of CCCL of opening listing ????????? today koutons open superb high.........
245. L N M |Oct 12, 2007 17:31
dear allottes , pls pls pls DONT SALE CCCL on listing day as FIIs will jump into this stock heavily due to the credentials of promoters as they are ex L & T bosses . listing on monday should be above 725 and it should close the day around 900 +
244. khandelwal |Oct 12, 2007 17:16
Govt is now allowing additional saving of Rs 50000 in infrastructure bonds beside 1.0 lac under section 80C. so future of infrastructure companies is very bright. pl accumlate more & more. enjoy tax saving+ long term profit also.







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