CCCL IPO Details

Issue Open Sep 18, 2007
Issue Close Sep 21, 2007
IPO Price ₹510
Face Value ₹10
IPO Size ₹188.70 Cr
Listing At BSE, NSE
IPO Lot Size 12

CONSOLIDATED CONSTRUCTION CONSORTIUM LIMITED

(The company was incorporated as Consolidated Construction Consortium Limited on July 11,1997 and were issued certificate of incorporation bearing No.18-38610 by the Registrar of Companies, Tamil Nadu. The registered office of our Company was shifted from No. 27A, Railway Colony, Nelson Manickam Road, Chennai 600 029 to No. 3,
Second Link Street, CIT Colony, Mylapore, Chennai 600 004 with effect from August 22, 1997
by means of a resolution of our Board dated August 22,1997. The premises bearing door number 3,
was renumbered as No.5, Second Link Street, CIT Colony, Mylapore, Chennai 600 004.)
Registered Office and Corporated Office: No.5, Second Link Street, CITColony, Mylapore, Chennai 600 004.
Tel: (91 44) 2466 1083; Fax: (91 44) 2499 0225.
Company Secretary and Compliance Officer: Mr. M.V.M. Sundar,
Email: lnvestors@ccclindia.com; Website: www.ccclindia.com

BASIS OF ALLOTMENT

PUBLIC ISSUE OF 37,00,000 EQUITY SHARES OF RS. 10/- EACH FOR CASH AT A PRICE OF RS. 510/- PER EQUITY SHARE (INCLUDING SHARE PREMIUM OF RS. 500/- PER EQUITY SHARE) AGGREGATING TO RS 18,870 LACS (REFERRED TO AS "THE ISSUE"). THE ISSUE CONSTITUTES 10.01% OF THE FULLY DILUTED POST ISSUE PAID-UP CAPITAL OF CONSOLIDATED CONSTRUCTION CONSORTIUM LIMITED. ("COMPANY" OR "ISSUER").
THE FACE VALUE PER EQUITY SHARE IS RS.10/-. THE ISSUE PRICE PER EQUITY SHARE IS RS. 510/- AND IT IS 51 TIMES THE FACE VALUE.

The Equity Shares of the Company are proposed to be listed in the Bombay Stock Exchange Limited and the National Stock Exchange of India Limited and trading is expected to commence on October 15, 2007.
The Issue made through the 100% Book Building Process wherein at least 60% of the net Issue was to be allocated on a proportionate basis to Qualified Institutional Buyers ("QIBs") (including 5% of the QIB portion that was to be specifically allotted to mutual funds), further, up to 10% of the Issue shall be available for allocation on a proportionate basis to Non-Institutional Bidders and up to 30% of the issue shall be available for allocation on a proportionate basis to Retail Bidders, subject to valid bids being received at or above the Issue Price.
The Issue received 1,18,031 applications for 29,89,49,331 equity shares resulting in 80.79 times subscription. The details of the applications received in the Issue from Qualified Institutional Buyers, Non-Institutional and Retail Individual Investor categories are as under: (Before technical rejections)

Category No. of applications No. of Equity Shares Subscription
Qualified Institutional Buyers 257 26,36,84,196 118.77666
Non Institutional Investors 344 2,14,11,173 57.86803
Retail Individual Investors 1,17,430 1,38,53,962 12.48104

Final Demand
A summary of the final demand at different bid prices is as under

Bid Price No. of Equity Shares % to Total Cumulative Total Cumulative % to Total
460 140376 0.05 300348756 100.00
461 156 0.00 300208380 99.95
462 528 0.00 300208224 99.95
464 60 0.00 300207696 99.95
465 24 0.00 300207636 99.95
470 312 0.00 300207612 99.95
473 12 0.00 300207300 99.95
475 1500 0.00 300207288 99.95
476 72 0.00 300205788 99.95
478 12 0.00 300205716 99.95
480 4440 0.00 300205704 99.95
485 123096 0.04 300201264 99.95
490 8352 0.00 300078168 99.91
491 12 0.00 300069816 99.91
493 12 0.00 300069804 99.91
495 12 0.00 300069792 99.91
500 3324 0.00 300069780 99.91
501 12 0.00 300066456 99.91
505 228 0.00 300066444 99.91
Rs.510 & Cut Off Price 300066216 99.91 300066216 99.91
300348756 100.00 0.00

The Basis of Allocation was finalized in consultation with the National Stock Exchange of India Limited ("NSE") on 4th October, 2007.

Allocation to Retail Individual Investors (After Technical Rejections)
The Basis of Allocation to the Retail Individual Investors, who have bid at cut-off or at the Issue Price of Rs.510/- per Equity Share, was finalized in consultation with NSE. The category was over subscribed 12.278768 times. The total number of equity shares allotted in this category is 11,10,000 Equity Shares to 74,883 successful applicants. The category-wise details of the Basis of Allocation are as under

Category No. of
Applications
% to total Total No. of
Equity Shares
applied
% to Total No. of
Equity Shares
allocated
Ratio Total No. of
Equity Shares
allocated
12 14042 12.22 168504 1.24 12 3:37 13668
24 9136 7.95 219264 1.61 12 1:7 15660
36 5510 4.79 198360 1.46 12 1:5 13224
48 5025 4.37 241200 1.77 12 1:4 15072
60 5072 4.41 304320 2.23 12 5:13 23412
72 2034 1.77 146448 1.07 12 1:3 8136
84 1682 1.46 141288 1.04 12 7:13 10872
96 12934 11.25 1241664 9.11 12 11:17 100428
108 1992 1.73 215136 1.58 12 2:3 15936
120 2570 2.24 308400 2.26 12 4:5 24672
132 534 0.46 70488 0.52 12 4:5 5124
144 709 0.62 102096 0.75 12 15:16 7980
156 417 0.36 65052 0.48 12 FIRM 5004
ADDITIONAL 1 1:2 211
168 357 0.31 59976 0.44 14 FIRM 4998
180 1229 1.07 221220 1.62 15 FIRM 18435
192 51698 44.98 9926016 72.83 16 FIRM 827168

C. Allocation to Non Institutional Investors (After Technical Rejections)
The Basis of Allocation to the Non institutional Investors, who have bid at the Issue Price of Rs.510/- per Equity Share, was finalized in consultation with NSE. The category was subscribed 57.664378 times. The total number of equity shares allotted in this category is 3,70,000 Equity Shares to 248 successful applicants. The category-wise details of the Basis of Allocation are as under:

Category No. of
Applications
% to total Total No. of
Equity Shares
applied
% to total No. of
Equity Shares
allocated
Ratio Total No. of
Equity Shares
allocated
204 20 6.92 4080 0.02 12 1:4 60
216 5 1.73 1080 0.01 12 1:5 12
228 1 0.35 228 0.00 12 FIRM 12
240 3 1.04 720 0.00 12 1:3 12
252 2 0.69 504 0.00 12 1:2 12
264 1 0.35 264 0.00 12 FIRM 12
276 1 0.35 276 0.00 12 FIRM 12
288 1 0.35 288 0.00 12 FIRM 12
300 4 1.38 1200 0.01 12 1:2 24
348 3 1.04 1044 0.00 12 2:3 24
360 1 0.35 360 0.00 12 FIRM 12
372 1 0.35 372 0.00 12 FIRM 12
384 5 1.73 1920 0.01 12 3:5 36
396 5 1.73 1980 0.01 12 2:5 24
408 4 1.38 1632 0.01 12 1:2 24
420 1 0.35 420 0.00 12 FIRM 12
432 1 0.35 432 0.00 12 FIRM 12
444 2 0.69 888 0.00 12 1:2 12
480 5 1.73 2400 0.01 12 2:5 24
492 2 0.69 984 0.00 12 1:2 12
604 3 1.04 1512 0.01 12 1:3 12
588 1 0.35 588 0.00 12 FIRM 12
600 6 2.08 3600 0.02 12 2:3 48
612 1 0.35 612 0.00 12 FIRM 12
804 1 0.35 804 0.00 14 FIRM 14
876 1 0.35 876 0.00 15 FIRM 15
900 1 0.35 900 0.00 16 FIRM 16
960 6 2.08 5760 0.03 17 FIRM 102
972 12 4.15 11664 0.05 17 FIRM 204
984 2 0.69 1968 0.01 17 FIRM 34
996 2 0.69 1992 0.01 18 FIRM 36
1008 2 0.69 2016 0.01 18 FIRM 36
1200 7 2.42 8400 0.04 21 FIRM 147
1224 1 0.35 1224 0.01 21 FIRM 21
1320 1 0.35 1320 0.01 23 FIRM 23
1368 1 0.35 1368 0.01 24 FIRM 24
1656 1 0.35 1656 0.01 29 FIRM 29
1728 1 0.35 1728 0.01 30 FIRM 30
1944 1 0.35 1944 0.01 34 FIRM 34
1956 6 2.08 11736 0.06 34 FIRM 204
1968 2 0.69 3936 0.02 34 FIRM 68
2004 2 0.69 4008 0.02 35 FIRM 70
2040 1 0.35 2040 0.01 35 FIRM 35
2088 1 0.35 2088 0.01 36 FIRM 36
2304 1 0.35 2304 0.01 40 FIRM 40
2352 2 0.69 4704 0.02 41 FIRM 82
2508 1 0.35 2508 0.01 43 FIRM 43
2592 1 0.35 2592 0.01 45 FIRM 45
2940 5 1.73 14700 0.07 51 FIRM 255
3000 1 0.35 3000 0.01 52 FIRM 52
3132 2 0.69 6264 0.03 55 FIRM 110
3540 1 0.35 3540 0.02 61 FIRM 61
3780 1 0.35 3780 0.02 66 FIRM 66
3912 1 0.35 3912 0.02 68 FIRM 68
4020 1 0.35 4020 0.02 70 FIRM 70
4140 1 0.35 4140 0.02 72 FIRM 72
4320 1 0.35 4320 0.02 75 FIRM 75
4500 1 0.35 4500 0.02 78 FIRM 78
4800 1 0.35 4800 0.02 83 FIRM 83
4696 5 1.73 24480 0.11 85 FIRM 425
5040 1 0.35 5040 0.02 87 FIRM 87
5400 1 0.35 5400 0.03 94 FIRM . 94
5484 1 0.35 5484 0.03 95 FIRM 95
5496 1 0.35 5496 0.03 95 FIRM 95
5700 1 0.35 5700 0.03 99 FIRM 99
5880 1 0.35 5880 0.03 102 FIRM 102
5892 2 0.69 11784 0.06 102 FIRM 204
6000 3 1.04 18000 0.08 104 FIRM 312
6276 1 0.35 6276 0.03 109 FIRM 109
6480 1 0.35 6480 0.03 112 FIRM 112
6900 1 0.35 6900 0.03 120 FIRM 120
7836 2 0.69 15672 0.07 136 FIRM 272
7848 2 0.69 15696 0.07 136 FIRM 272
8436 1 0.35 8436 0.04 146 FIRM 146
9012 1 0.35 9012 0.04 156 FIRM 156
9024 1 0.35 9024 0.04 156 FIRM 156
9792 6 2.08 58752 0.28 170 FIRM 1020
9804 5 1.73 49020 0.23 170 FIRM 850
10008 1 0.35 10008 0.05 174 FIRM 174
10200 2 0.69 20400 0.10 177 FIRM 354
11004 1 0.35 11004 0.05 191 FIRM 191
12000 1 0.35 12000 0.06 208 FIRM 208
12744 1 0.35 12744 0.06 221 FIRM 221
12756 2 0.69 25512 0.12 221 FIRM 442
14592 1 0.35 14592 0.07 253 FIRM 253
14700 1 0.35 14700 0.07 255 FIRM 255
15300 1 0.35 15300 0.07 265 FIRM 265
15684 1 0.35 15684 0.07 272 FIRM 272
17640 1 0.35 17640 0.08 306 FIRM 306
18000 2 0.69 36000 0.17 312 FIRM 624
19392 1 0.35 19392 0.09 336 FIRM 336
19452 1 0.35 19452 0.09 337 FIRM 337
19500 2 0.69 39000 0.18 338 FIRM 676
19560 1 0.35 19560 0.09 339 FIRM 339
19584 1 0.35 19584 0.09 340 FIRM 340
19596 4 1.38 78384 0.37 340 FIRM 1360
19608 3 1.04 58824 0.28 340 FIRM 1020
19800 2 0.69 39600 0.19 344 FIRM 688
19992 2 0.69 39984 0.19 347 FIRM 694
20004 1 0.35 20004 0.09 347 FIRM 347
20580 1 0.35 20580 0.10 357 FIRM 357
20976 1 0.35 20976 0.10 364 FIRM 364
24000 1 0.35 24000 0.11 416 FIRM 416
27840 1 0.35 27840 0.13 483 FIRM 483
28200 1 0.35 28200 0.13 489 FIRM 489
30000 1 0.35 30000 0.14 520 FIRM 520
33720 1 0.35 33720 0.16 585 FIRM 585
37500 1 0.35 37500 0.18 650 FIRM 650
39180 1 0.35 39180 0.18 679 FIRM 679
39216 1 0.35 39216 0.18 680 FIRM 680
39228 1 0.35 39228 0.18 680 FIRM 680
42000 1 0.69 84000 0.39 729 FIRM 1458
49020 1 0.35 49020 0.23 850 FIRM 850
49500 1 0.35 49500 0.23 858 FIRM 858
50040 1 0.35 50040 0.23 668 FIRM 868
56412 1 0.35 56412 0.26 978 FIRM 978
60000 1 0.35 60000 0.28 1041 FIRM 1041
65160 1 0.35 65160 0.31 1130 FIRM 1130
75000 1 0.35 75000 0.35 1301 FIRM 1301
78420 1 0.35 78420 0.37 1360 FIRM 1360
78432 1 0.35 78432 0.37 1360 FIRM 1360
78504 1 0.35 78504 0.37 1361 FIRM 1361
96000 1 0.35 96000 0.45 1665 FIRM 1665
97680 1 0.35 97680 0.46 1694 FIRM 1694
98028 2 0.69 196056 0.92 1700 FIRM 3400
98040 1 0.35 98040 0.46 1700 FIRM 1700
98052 1 0.35 98052 0.46 1700 FIRM 1700
103188 1 0.35 103188 0.48 1789 FIRM 1789
117648 2 0.69 235296 1.10 2040 FIRM 4080
156852 1 0.35 156852 0.74 2720 FIRM 2720
159600 2 0.69 319200 1.50 2768 FIRM 5536
163800 1 0.35 163800 0.77 2841 FIRM 2841
196068 1 0.35 196068 0.92 3400 FIRM 3400
196200 1 0.35 196200 0.92 3402 FIRM 3402
198000 1 0.35 198000 0.93 3434 FIRM 3434
240000 1 0.35 240000 1.12 4162 FIRM 4162
264000 2 0.69 628000 2.47 4578 FIRM 9156
267408 1 0.35 267408 1.25 4637 FIRM 4637
294000 1 0.35 294000 1.38 5098 FIRM 5098
360000 1 0.35 360000 1.69 6243 FIRM 6243
372540 1 0.35 372540 1.75 6460 FIRM 6460
392160 1 0.35 392160 1.84 6801 FIRM 6801
396000 2 0.69 792000 3.71 6868 FIRM 13736
411996 2 0.69 823992 3.86 7145 FIRM 14290
490188 2 0.69 980376 4.59 8501 FIRM 17002
492000 1 0.35 492000 2.31 8532 FIRM 8532
515676 1 0.35 515676 2.42 8943 FIRM 8943
515988 1 0.35 515988 2.42 8948 FIRM 8948
516000 3 1.04 1548000 7.26 8948 FIRM 26844
549012 1 0.35 549012 2.57 9521 FIRM 9521
784320 1 0.35 784320 3.68 13601 FIRM 13601
870000 1 0.35 870000 4.08 15087 FIRM 15087
1080000 1 0.35 1080000 5.06 18729 FIRM 18729
1128000 1 0.35 1128000 5.29 19561 FIRM 19561
1470600 1 0.35 1470600 6.89 25503 FIRM 25503
1547976 1 0.35 1547976 7.26 26845 FIRM 26845
1568616 1 0.35 1568616 7,35 27210 FIRM 27210

D. Allocation to QIBs
Allocation to QIBs has been done on a proportionate basis in consultation with NSE. As per the SEBI guidelines, Mutual Funds were initially allotted 5% of the quantum of equity shares available (1,11,000) and other QIBs and unsatisfied demands of Mutual Funds were allotted the remaining available equity shares (21,09,000) on Proportionate basis.

Category Fls/Banks MFs FIIs VCs ICs Total
No.of Equity Shares 344603 526187 1165305 12238 171667 2220000

The IPO Committee of the directors of the company at its Meeting held at Chennai on 4th October 2007 has approved the basis of allocation of equity shares of the Issue and has allotted the equity shares to various successful applicants.
The CAN-cum-Refund Orders, intimation regarding refunds through electronic mode (ECS, RTGS, NEFT or direct credit) and allotment advice and notices are being dispatched to the address of the investors as registered with the depositories by October 6,2007. In case the same is not received within ten days, investors may contact at the address given below. The Refund Orders have been over-printed with the Bank Mandate details as registered, if any, with the depositories. The equity shares allocated to successful applicants are being credited to their beneficiary accounts subject to validation of the account details with the depositories concerned by October 6,2007. The listing applications will be filed with the BSE and the NSE on or before October 8,2007, and the company is taking steps to get the equity shares admitted for trading on the National Stock Exchange of India Limited and Bombay Stock Exchange Limited within seven working days from the date of approval of the basis of allocation.

INVESTORS PLEASE NOTE
This details of the allocation made would be hosted on the website of Registrar to the Issue, Karvy Computershare Private Limited at http://kcpl.karvy.com
All future correspondence in this regard may kindly be addressed to the Registrar to the Issue quoting full name of the first/sole applicant, Serial number of the bid-cum-application form, number of shares bid for, name of the Member of the Syndicate and Place where the bid was submitted and payment details at the address given below:

Karvy Computershare Private Limited
Unit: CCCL: Plot No. 17 to 24, Vithalrao Nagar,
Hitech City Road, Madhapur Hyderabad - 500 081,
Fax: 040-23420814
Email: einward.ris@Karvy.com

TOLL FREE - HELPLINE NUMBER 1-800-3454001

 

Place: Chennai
Date : 5th October, 2007

For Consolidated Construction Consortium Ltd
Sd/-
M V M Sundar
Company Secretary and Compliance Officer

THE LEVEL OF SUBSCRIPTION SHOULD NOT BE TAKEN TO BE INDICATIVE OF EITHER THE MARKET PRICE OF THE EQUITY SHARE ON LISTING OR THE BUSINESS PROSPECTS OF CONSOLIDATED CONSTRUCTION CONSORTIUM LIMITED.

CCCL IPO Basis of Allotment FAQs

  1. 1. How shares are allotted in CCCL IPO?

    Check the basis of allotment document above to know about how the shares are allocated in CCCL IPO. Note that there is a separate rule for allotment in each investor category (i.e. Retail, Non-Institutional, Institutional, Employee).
  2. 2. What is CCCL IPO basis of allotment status?

    The CCCL IPO basis of allotment (published above) tells you how shares are allocated to you in CCCL IPO and category wise demand of IPO share.

    Visit the CCCL IPO allotment status page to check the number of shares allocated to your application.

  3. 3. What is CCCL IPO allotment process?

    Check the basis of allotment document above to know about how the shares are allocated in CCCL IPO. Note that there is a separate rule for allotment in each investor category (i.e. Retail, Non-Institutional, Institutional, Employee).

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