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Markets - IPOs
Cords Cable IPO opens on Jan 21

Our Bureau

Ahmedabad, Jan. 13 The New Delhi-based Cords Cable Industries Ltd, manufacturer of cables for a variety of industries, will enter the capital market next week with an IPO of 30.85 lakh equity shares of Rs 10 each for cash at a price to be decided through a 100 per cent book-building process.

The issue opens for subscription on January 21 and closes on January 24. The price-band has been fixed between Rs 125 and Rs 135 per equity share, Mr Rakesh Malhotra, Joint Managing Director, told a news conference here today.

The issue would constitute 27 per cent of the fully diluted post-issue paid-up capital of the company.

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