Cords Cable IPO receives 4.98 times subscription

The Initial Public Offering (IPO) of Cords Cable Industries Ltd which opened for subscription on January 21, 2008 and closes for subscription today - January 24, 2008 has received 4.98 times subscription till 5:00 PM.

The company has come out with an IPO of 3085000 Equity Shares of Rs 10 each for cash at a price band of Rs 125 to Rs 135 through 100% book building process.

The IPO has received total bids for 15360050 equity shares against the offer of 3085000 shares.

The issue has received bids for 2531250 equity shares at cut-off price.

Source : Equity Bulls

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