CEBBCO IPOs

CEBBCO ipos

CEBBCO (Commercial Engineers and Body Builders Company) plan to enter capital markets . The initial public offering (IPO). size is Rs 170 crore. The company makes bodies for commercial vehicles and supplies truck bodies to Volvo Eicher , Ashok Leyland and Tata Motors.

CEBBCO has three facilities in Jabalpur and is setting up one in Jamshedpur to make bodies for trailers, tippers and tankers. The capacity of its plants is estimated to be 2000 units a month. The company turnover of Rs 180 crore and net profit of Rs 21 crore for the last fiscal year.
Karvy Computershare, Edelweiss Capital Limited and ICICI Securities Private Limited are the book running lead managers for IPOs.

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