September 19, 2007

Consolidated Construction Consortium Limited -IPO Prospects

Can Consolidate your Portfolio

Issue Period : 18th September -21st September
Face Value - Rs 10
Price -Rs 460 -Rs 510
Min .Order -12 shares
Grade - Very Good
Recommendation - Subscribe
Perspective - Long Term


Company Info

Consolidated Construction Consortium Limited (CCCL) undertakes turnkey building contracts for corporates and infrastructure/realty players, besides the Government.The IPO proceeds, approximating Rs.190 crore have been primarily earmarked for acquiring construction equipment, investments in subsidiaries, setting up a skill and management development centre and repayment of loans.

Valuations

The objects of the issue are to finance the acquisition of construction infrastructure, investment in subsidiaries, expenditures towards skill and management development centre, repayment of loans and expenditure for general corporate purposes.

CCCL is a good issue. The counter demand is very good. People can apply for the issue with intention of listing gain

Premium on Listing : 90 -110 Rs

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