CCCL, Koutons IPO get subscribed nearly four times
A total of 1.41 crore bids were received for 37 lakh equity shares on offer, latest data available on the stock exchanges show. CCCL, expects to raise up to Rs 189 crore from the public issue.
By PTI |
MUMBAI: The initial public offer (IPO) of real estate developer Consolidated Construction Consortium (CCCL) got subscribed by nearly four times on the third day of the issue.
A total of 1.41 crore bids were received for 37 lakh equity shares on offer, latest data available on the stock exchanges show.
CCCL, which has fixed the price band at Rs 460-510 a share, expects to raise up to Rs 189 crore from the public issue.
The company plans to use the proceeds to finance acquisition of construction infrastructure, for investment of subsidiaries, expenditures towards skill and management development centre, repayment of loans and for general corporate purposes.
Meanwhile, the IPO of leading apparel manufacturing company Koutons has also got subscribed 3.53 times on the third day of the issue.
The IPO received 1.24 crore bids against 35.24 lakh equity shares on offer, latest data shows.
Koutons is expecting to raise up to Rs 146 crore from the public issue of about 35.2 lakh shares and has fixed the price band for the IPO at Rs 370-415 a share.
The company plans to use the IPO proceeds to open more retail outlets and set up a manufacturing plant.
Both the offers close on September 21.
A total of 1.41 crore bids were received for 37 lakh equity shares on offer, latest data available on the stock exchanges show.
CCCL, which has fixed the price band at Rs 460-510 a share, expects to raise up to Rs 189 crore from the public issue.
The company plans to use the proceeds to finance acquisition of construction infrastructure, for investment of subsidiaries, expenditures towards skill and management development centre, repayment of loans and for general corporate purposes.
Meanwhile, the IPO of leading apparel manufacturing company Koutons has also got subscribed 3.53 times on the third day of the issue.
The IPO received 1.24 crore bids against 35.24 lakh equity shares on offer, latest data shows.
ADVERTISEMENT
Koutons is expecting to raise up to Rs 146 crore from the public issue of about 35.2 lakh shares and has fixed the price band for the IPO at Rs 370-415 a share.
The company plans to use the IPO proceeds to open more retail outlets and set up a manufacturing plant.
Both the offers close on September 21.
Too busy to trade in stocks? Invest in Mutual Funds with ET Money!
Bookmark or read stories offline -
Download ET Markets APP
Download ET Markets APP
ADVERTISEMENT
