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Incorporated in 1991, Cords Cable Industries Limited is in the business of providing cost-effective and quality solutions for various electrical connectivity requirements. Cords developed a wide range of specialised cables to address the specific requirements of industries involving modern process technologies, instrumentation and communication demanding the highest standards of precision and reliability and cables for house-hold users.
Cords Cable manufacture cables upto 1.1 KV for various applications covering most segments of users including industrial, utility and buildings. Thet have wide spectrum of cable users in various industries like power, steel, cement, fertilizers and chemicals, refinery / petroleum and many others.
Cords clients are from diverse industries and include names such as BHEL, NTPC, Hindalco, ACC, HPCL, GAIL, TATA STEEL, Siemens, Honeywell, L&T, MRPL and others.
The objects of the Issue are to achieve the benefits of listing on the Stock Exchanges & to raise capital
1. Setting up of the production facilities;
2. To meet the expenses of the Issue;
3. For General Corporate Purpose;
4. To meet the long term working capital requirements of the Company.
| IPO Date | Jan 21, 2008 to Jan 24, 2008 |
| Listing Date | Wednesday, February 13, 2008 |
| Face Value | ₹10 per share |
| Price | ₹125 to ₹135 per share |
| Lot Size | 50 Shares |
| Issue Size | 3,085,000 shares of ₹10 (aggregating up to ₹41.65 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
The Cords Cable IPO lot size is 50 shares. A retail-individual investor can apply for up to 29 lots (1450 shares or ₹195,750).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 50 | ₹6,750 |
| Retail (Max) | 29 | 1450 | ₹195,750 |
The Cords Cable IPO is subscribed 4.99 times on Jan 24, 2008 5:00:00 PM. The public issue subscribed 2.58 times in the retail category, 6.83 times in the QIB category, and 5.11 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|
| Listing Date | Wednesday, February 13, 2008 |
| BSE Script Code | 532941 |
| NSE Symbol | CORDSCABLE |
| Listing In | B1 Group of Securities |
| ISIN | INE792I01017 |
| IPO Price | ₹135 per share |
| Face Value | ₹10 per share |
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Cords Cable Industries Limited
B-1/A-26, Mohan Co-operative Ind Estate,
Mathura Road,
New Delhi – 110 044
Phone: +91-11-41676222
Email: ipo@cordscable.com
Website: http://www.cordscable.com
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: swapann@intimespectrum.com
Website: https://linkintime.co.in/
| Review By | Subscribe | Neutral | Avoid |
|---|---|---|---|
| Brokers | 4 | 1 | 1 |
| Members | 0 | 0 | 0 |
IPO Broker Recommendations
Cords Cable IPO is a main-board IPO of 3,085,000 equity shares of the face value of ₹10 aggregating up to ₹41.65 Crores. The issue is priced at ₹125 to ₹135 per share. The minimum order quantity is 50 Shares.
The IPO opens on Jan 21, 2008, and closes on Jan 24, 2008.
Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The Cords Cable IPO opens on Jan 21, 2008 and closes on Jan 24, 2008.
Cords Cable IPO lot size is 50 Shares and the minimum order quantity is .
You can apply in Cords Cable 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.
The finalization of Basis of Allotment for Cords Cable IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Cords Cable IPO allotment status.
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