Consolidated Construction IPO Listing : CCCL IPO ends with 57% premium

Consolidated Construction IPO listing today was rewarding to the investors with the stock closing at 57% up from the issue price.

CCCL IPO which was offered to the investors at a price of Rs 510 per share, during the intra-day trade the stock surged to Rs 825.25 up 61.81% and eased of at the end to close at Rs 791.45 up 55.19%.

CCCL chairman during the IPO launch in the morning has said that, his company will execute orders worth Rs 2070 crore in the coming 15 months and the FY09 revenues of the company would be at Rs 1800 crore.
     
Consolidated Construction’s strong outlook about their FY09 revenues on the back of good order book also helped the stock to gain today.

On the NSE the stock closed at Rs 801 up  57.06%, with volumes of 70,58,707 shares.