Keep visiting Karvy website for allotment status of Cox and King IPO
Cox and Kings IPO Issue Details:
* Issue Open: Nov 18, 2009 - Nov 20, 2009
* Type: 100% Book Built Issue IPO
* Size: 18,496,640 Equity Shares of Rs. 10
* Issue Size: Rs. 584.49 - 610.39 Crore
* Face Value: Rs. 10 Per Equity Share
* Price: Rs. 316 - Rs. 330 Per Equity Share
* Lot: 20 shares
* Max Order Quantity: 300 for retail investor (Rs. 99000)
* At: BSE, NSE
* Ratings: Grade 4 by CARE, means as per CARE, company has above average fundamentals
* Allotment Status: Coming soon!!
* Listing Date for Cox and Kings IPO: Coming soon!!
Subscription status for Cox and King IPO :
1. QIBs :
2. HNIs:
3. Retail:
4. Employee:
Overall:
Main Objectives of the Issue:
The objects of the Cox and Kings IPO, are to achieve the listing benefits on the Stock Exchanges & to raise capital to:
1. Investment in Overseas Subsidiaries
2. Investment in Corporate Office & Upgrading our existing Operations
3. Repayment of Loans
4. Acquisitions & Other Strategic Initiatives;
5. General Corporate Purposes
6. Meeting Fresh Issue related Expenses.
The company will raise more than Rs 610 crore from the issue, out of which it will get over Rs 509 crore and the rest will be given to shareholders.
Details:
Cox & Kings (India) Ltd. was incorporated as ‘Eastern Carrying Company Limited’ on June 7, 1939. The name was subsequently changed to ‘Cox and Kings (India) Limited’ on February 23, 1950. Cox and Kings (India),is the oldest and famous name is holiday brands. It serves as a 'One Stop Shop' for all the travel and travel related products.
Cox and Kings IPO has fixed the price band for its initial public offering (IPO) at Rs 316-330/share.
CARE has assigned a 'CARE IPO GRADE 4' to the proposed IPO. CARE IPO Grade 4 indicates above average fundamentals.
The equity shares are proposed to be listed on Bombay Stock Exchange Limited and the National Stock Exchange of India Limited.
Keywords: Cox and Kings (India) IPO, CARE ratings, Cox and Kings (India) IPO rating, Novemeber IPO, Price band
