Tuesday, January 15, 2008


Type of Issue : Book Built
Issue Opens: 21 January, 2008
Issue Closes: 24 January, 2008

Issue Size : 3,015,000(No. of Shares)

Lower Price Band: Rs.125
Upper Price Band: Rs.135
Total Issue Size: Rs.41 Crores

Application Multiple: 50 and in multiples there off starting with atleast 50 shares.

Maximum Shares: 700(for Retail)

Information URL : http://www.cordscable.com
Prospectus URL : http://www.sebi.gov.in/dp/cordscable.pdf

Company Details :


Tel : 911141676222
Fax : 911126951196

Email : ipo@cordscable.com

ISSUE Description:

CCIL is promoted by a group of three professionals with an objective to cater to the growing requirement for high quality customised cables. The Company manufactures cables to provide cost-effective and quality solutions for various electrical connectivity requirements, mainly for the industrial segments. The company accomplish this through customised design and development, quality manufacturing and reliable delivery of all varieties of cables.

Cords Cable has developed a wide range of specialised cables to address the specific requirements of industries involving modern process technologies, instrumentation and communication demanding the highest standards of precision and reliability and cables for house-hold users who seek products with assured quality and safety standards.
At present, they manufacture cables upto 1.1 KV for various applications covering most segments of users including industrial, utility and buildings. They cater to a wide spectrum of cable users in various industries like power, steel, cement, fertilizers and chemicals, refinery / petroleum and many others. CCIL is pre-qualified and have approvals with most of the large corporates and well known Public Sector Undertakings. Their clients are from diverse industries and include names such as BHEL, NTPC, Hindalco, ACC, HPCL, GAIL, TATA STEEL, Siemens, Honeywell, L&T, MRPL and others. They are also approved with almost all the top consultants such as Kvaerner Powergas India Ltd., Det Norske Veritas, Toyo Engineering India Ltd., Jacob H&G Ltd., Engineers India Ltd., Mecon Ltd., Rites Ltd., M.N. Dastur & Co. Ltd., Tata Consulting Engineers etc. and are also one of the preferred vendors with almost all the leading users of the country. Their quality standards have been duly appraised, vetted and approved by various independent agencies of repute. They are an ISO 9001:2000 accredited company and hold BIS certification for all types of cables conforming to IS:1554(1)/1988 and IS:694-90.

Key Financials for the year ended 31st March 2007
Revenue Rs.1042.92Mln PAT Rs.70.06Mln EPS Rs.10.62 RoNW 60.53%
Key Financials for half year ended 30th September 2007
Revenue Rs.753.29Mln PAT Rs.53.55Mln

Objective of the issue

Setting up of the production facilities. The project is being undertaken to expand and diversify the company’s product range with a view to manufacture HT cables and Rubber cables.