Cords Cable Industries was set up for catering to the needs of electrical cables. However, with every passing day the company has been adding new products in its basket to meet the requirements of the dynamic markets. It had launched an IPO, the details of which have been scripted below.
Set up in the year 1987, Cords Cable Industries was formed to meet the increasing requirements of customized cables of high quality. Down the years, the company has come a long way and increased their spectrum of products. It is a well known fact that there is an increasing need for communication as well as instrumentation engaging latest technical know how.
These requirements are being met by the newer products, which have appeared in the market over the past couple of years. The products are manufactured as per quality requirements and cater to the needs of electrical connectivity. It is an ISO 9001-2000 certified company.
Cords Cable Industries Limited IPO flooded the markets in the month of January, 2008. Cords Cable Industries Ltd IPO was launched with few requirements in mind.
Objectives of the Cords Cable Industries IPO:
The company IPO was released for:
Meeting requirements pertaining to working capital
For meeting expenses related to various corporate activities
For establishing “production facilities”.
About the Cords Cable Industries IPO:
It was a cent percent Book Building issue. The size of the Issue was 35,00,000 equity shares, each of Rs 10. Price per equity share was Rs 125 to Rs 135. As far as retail buyers were concerned the maximum amount, which could be invested was fixed at Rs 100,000.
Listing of the equity shares of Cords Cable Industries:
The equity shares traded on the NSE or the National Stock Exchange as well as on the BSE or the Bombay Stock Exchange. Listing of the shares took place on the 13th of February, 2008.
The Lead Managers of the Issue was Collins Stewart Inga Private Limited.
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Last Updated on : 30th July 2013