CCCL subscribed 80 times; Koutons 44

A total of 29.73 crore bids were received for 37 lakh shares on offer, latest data on the stock exchanges show.

CCCL is offering 37 lakh equity shares at a price band of Rs 460-510 a share and expects to raise upto Rs 189 crore from the public issue.

The company plans to use the proceeds to finance acquisition of construction infrastructure, for investment in subsidiaries, for skill and management development centre, repayment of loans and for general corporate purposes.

Meanwhile, the IPO of leading apparel manufacturing company Koutons got subscribed over 44 times on the last day of the issue.

The public issue received 15.72 crore bids against 35.24 lakh equity shares on offer, latest data shows.

Koutons hopes to raise upto Rs 146 crore from the IPO, having fixed the price band of Rs 370-415 a share.