Issue Open | Feb 5, 2007 |
Issue Close | Feb 9, 2007 |
IPO Price | ₹291 |
Face Value | ₹10 |
IPO Size | ₹124.24 Cr |
Listing At | BSE, NSE |
IPO Lot Size | 20 |
C
& C CONSTRUCTIONS LIMITED
Incorporated on July 16,1996 under the Companies Act, 1956 as a private
limited company. Our Company became a public limited company with effect from August
28,2006 and our name was changed to "C&C Constructions Limited". For details
in changes of our registered office, see the section titled "History and Certain
Corporate Matters" beginning on page 89 of the Prospectus. BASIS OF ALLOTMENT PUBLIC ISSUE OF 4,269,451 EQUITY SHARES OF RS. 10 EACH ("EQUITY SHARES'*) FOR CASH AT A PRICE OF RS. 291 PER EQUITY SHARE AGGREGATING RS. 1242.41 MILLION ("THE "ISSUE") BY C&C CONSTRUCTIONS LIMITED ("C&C", "THE COMPANY" OR "THE ISSUER"). THE ISSUE SHALL CONSTITUTE 23.38% OF THE FULLY DILUTED POST-ISSUE CAPITAL OF C&C CONSTRUCTIONS LIMITED. THE ISSUE PRICE OF THE EQUITY SHARES IS RS. 29.1 PER EQUITY SHARE WHICH IS 29.1 TIMES THE FACE VALUE OF THE EQUITY SHARES. In terms of Rule 19(2)(b) of the SCRR, this being an Issue for less than 25% of the
post-Issue capital, the Issue was made through the 100% Book Building Process wherein at
least 60% of the Issue shall be allotted on a proportionate basis to QIB Bidders, out of
which 5% of the QIB Portion shall be available for allocation on a proportionate basis to
Mutual Funds only, and the remainder of the QIB Portion shall be available for allocation
on a proportionate basis to all QIB Bidders, including Mutual Funds, subject to valid Bids
being received at or above issue price, if at least 60% of the Issue cannot be allotted to
QIB Bidders, then the entire application money will be refunded forthwith. 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 Individual Bidders, subject to valid Bids being received
at or above the Issue Price.
Final Demand
The Basis of Allotment was finalised in consultation with the Designated Stock Exchange - National Stock Exchange of India Limited ("NSE") on Wednesday, February 21, 2007. A) Allocation to Retail Investors
B) Allocation to Non Institutional Bidders
C) Allocation to QlBs
The Board of Directors of the Company at a meeting held at New Delhi on February 21,2007 approved the Basis of Allotment of Equity Shares in the Issue and recommended the allotment of 4,270,647 Equity Shares (including an over allotment of 1,196 Equity Shares constituting 0.03% of the Issue, for the purpose of rounding off to the nearest integer) to successful applicants. The Refund Orders / allotment advice in respect of refunds due to applicants has been dispatched to the addresses of the investors as registered with the depositories. In case the same is not received within ten days, investors may contact the Registrar to the Issue 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 shares allocated to the successful applicants are being credited to their beneficiary accounts subject to validation of the account details with the depositories concerned. 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 approval of Basis of Allotment. INVESTORS PLEASE NOTE All future correspondence in this regard may kindly be addressed to the Registrar to
the Issue quoting the full name of the First/Sole applicants, 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 : BIGSHARE SERVICES PRIVATE LIMITED
THE LEVEL OF SUBSCRIPTION SHOULD NOT BE TAKEN TO BE INDICATIVE OF EITHER THE MARKET PRICE OF THE EQUITY SHARE ON LISTING OR THE PROSPECTUS OF C & C CONSTRUCTIONS LIMITED. |
The Constructions IPO basis of allotment (published above) tells you how shares are allocated to you in Constructions IPO and category wise demand of IPO share.
Visit the Constructions IPO allotment status page to check the number of shares allocated to your application.
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