RED HERRING PROSPECTUS Dated September 10, 2007 Please read section 60B of the Companies Act, 1956 100% Book Building Issue CONSOLIDATED CONSTRUCTION CONSORTIUM LIMITED (The Company was incorporated as Consolidated Construction Consortium Limited on July 11, 1997 and were issued certificate of incorporation bearing No. 18-38610 by the Registrar of Companies, Tamil Nadu. The registered office of our Company was shifted from No. 27A, Railway Colony, Nelson Manickam Road, Chennai 600 029 to No. 3, Second Link Street, CIT Colony, Mylapore, Chennai 600 004 with effect from August 22, 1997 by means of a resolution of our Board dated August 22, 1997. The premises bearing door number 3, was renumbered as No.5, Second Link Street, CIT Colony, Mylapore, Chennai 600 004.) Registered Office and Corporate Office: No.5, Second Link Street, CIT Colony, Mylapore, Chennai 600 004 Tel: (91 44) 2466 1083; Fax: (91 44) 2499 0225 Company Secretary and Compliance Officer: Mr. M.V.M. Sundar Email: [email protected]; Website: www.ccclindia.com PUBLIC ISSUE OF 3,700,000 EQUITY SHARES OF RS. 10 EACH FOR CASH AT A PRICE OF RS. [●] PER EQUITY SHARE INCLUDING A SHARE PREMIUM OF RS. [●] PER EQUITY SHARE BY CONSOLIDATED CONSTRUCTION CONSORTIUM LIMITED (THE “COMPANY” OR “THE ISSUER”) AGGREGATING UP TO RS. [●] MILLION (THE ISSUE WOULD CONSTITUTE 10.01% OF THE FULLY DILUTED POST ISSUE PAID-UP CAPITAL OF THE COMPANY) PRICE BAND: RS. 460/- TO RS. 510/- PER EQUITY SHARE OF FACE VALUE OF RS. 10 THE FLOOR PRICE IS 46 TIMES OF THE FACE VALUE AND THE CAP PRICE IS 51 TIMES OF THE FACE VALUE In case of revision in the Price Band, the Bidding Period will be extended for three additional days after revision of the Price Band subject to the Bidding Period/Issue Period not exceeding 10 working days. Any revision in the Price Band and the revised Bidding/Issue Period, if applicable, will be widely disseminated by notification to the National Stock Exchange of India Limited (“NSE”) and the Bombay Stock Exchange Limited (“BSE”), by issuing a press release, and also by indicating the change on the websites of the Book Running Lead Managers & Co-Book Running Lead Manager and at the terminals of the Syndicate. In terms of Rule 19 (2)(b) of the Securities Contract Regulation Rules, 1957 (“SCRR”), this being an Issue for less than 25% of the post–Issue capital, the Issue is being made through the 100% Book Building Process wherein at least 60% of the Issue will be allocated on a proportionate basis to Qualified Institutional Buyers (“QIBs”), out of which 5% shall be available for allocation on a proportionate basis to Mutual Funds only. The remainder shall be available for allocation on a proportionate basis to QIBs and Mutual Funds, subject to valid bids being received from them at or above the Issue Price. If at least 60% of the Issue cannot be allocated to QIBs, then the entire application money will be refunded forthwith. Further, up to 10% of the Issue will be available for allocation on a proportionate basis to Non-Institutional Bidders and up to 30% of the Issue will be available for allocation on a proportionate basis to Retail Individual Bidders, subject to valid bids being received at or above the Issue Price. RISK IN RELATION TO THE FIRST ISSUE This being the first public issue of Equity Shares of the Company, there has been no formal market for the Equity Shares of the Company. The face value of the Equity Shares is Rs.10 per Equity Share and the Issue Price is [●] times of the face value. The Issue Price (as determined by the Company, in consultation with the Book Running Lead Managers, on the basis of assessment of market demand for the Equity Shares offered by way of book building) should not be taken to be indicative of the market price of the Equity Shares after the Equity Shares are listed. No assurance can be given regarding an active and/or sustained trading in the Equity Shares of the Company or regarding the price at which the Equity Shares will be traded after listing. GENERAL RISKS Investments in equity and equity-related securities involve a degree of risk and investors should not invest any funds in this Issue unless they can afford to take the risk of losing their investment. Investors are advised to read the risk factors carefully before taking an investment decision in this Issue. For taking an investment decision, investors must rely on their own examination of the Issuer and the Issue including the risks involved. The Equity Shares offered in the Issue have not been recommended or approved by the Securities and Exchange Board of India (“SEBI”), nor does SEBI guarantee the accuracy or adequacy of this Red Herring Prospectus. Specific attention of the investors is invited to the section titled “Risk Factors” on page xi. IPO GRADING This Issue has been assigned IPO grade 3 by ICRA Limited. ISSUER’S ABSOLUTE RESPONSIBILITY The Issuer having made all reasonable inquiries, accepts responsibility for and confirms that this Red Herring Prospectus contains all information with regard to the Issuer and the Issue, which is material in the context of the Issue, that the information contained in this Red Herring Prospectus is true and correct in all material aspects and is not misleading in any material respect, that the opinions and intentions expressed herein are honestly held and that there are no other facts, the omission of which makes this Red Herring Prospectus as a whole or any of such information or the expression of any such opinions or intentions misleading in any material respect. LISTING ARRANGEMENT The Equity Shares offered through this Red Herring Prospectus are proposed to be listed on the NSE and the BSE. We have received in-principle approval from NSE and BSE for the listing of our Equity Shares pursuant to letters dated June 29, 2007 and July 2, 2007, respectively. For purposes of this Issue, the Designated Stock Exchange is NSE. BOOK RUNNING LEAD MANAGERS CO-BOOK RUNNING LEAD MANAGER REGISTRAR TO THE ISSUE Enam Securities Private Kotak Mahindra Capital Spark Capital Advisors Karvy Computershare Limited Company Limited (India) Private Limited Private Limited 801, Dalamal Towers 3rd Floor, Bakhtawar Second Floor, No. 18 “Karvy House”, Nariman Point 229, Nariman Point Khader Nawaz Khan Road, 46, Avenue 4 Mumbai 400 021 Mumbai 400 021 Nungambakkam, Street No.1, Tel: (91 22) 6638 1800 Tel: (91 22) 6634 1100 Chennai 600 006 Banjara Hills Fax: (91 22) 2284 6824 Fax: (91 22) 2284 0492 Tel: (91 44) 4205 9901/02/03 Hyderabad 500 034 Tel: (91) 1800 345 4001 Email: [email protected] Email:[email protected] Fax: (91 44) 4205 9907 Fax: (91 40) 2331 1968 Website: www.enam.com Website: www.kotak.com Email: [email protected] Email: [email protected] Investor Grievance ID : Website: www.sparkcapital.in Contact Person: Ms. Ashni Website: www.karvy.com Sampat [email protected] Contact Person: Mr. S. Prasanna Contact Person: Mr. Murali SEBI Registration number: Contact Person: Mr. Chandrakant SEBI Registration number: Krishnan INM000006856 Bhole INM000011138 SEBI Registration number: INM000008704 ISSUE PROGRAMME BID/ISSUE OPENS ON : TUESDAY, SEPTEMBER 18, 2007 BID/ISSUE CLOSES ON : FRIDAY, SEPTEMBER 21, 2007 TABLE OF CONTENTS PAGE NUMBER SECTION 1- GENERAL…………………………………………………………………………………. .................. i DEFINITIONS AND ABBREVIATIONS .................................................................................................... i CERTAIN CONVENTIONS, PRESENTATION OF FINANCIAL, INDUSTRY AND MARKET DATA ......... ix FORWARD-LOOKING STATEMENTS .................................................................................................... x SECTION II- RISK FACTORS .......................................................................................................................... xi SECTION III- INTRODUCTION ....................................................................................................................... 1 SUMMARY OF OUR BUSINESS STRENGTHS AND STRATEGY ......................................................... 1 SUMMARY FINANCIAL INFORMATION ............................................................................................... 8 THE ISSUE .............................................................................................................................................. 12 GENERAL INFORMATION ...................................................................................................................... 13 CAPITAL STRUCTURE ............................................................................................................................ 21 OBJECTS OF THE ISSUE ....................................................................................................................... 34 BASIS FOR ISSUE PRICE ....................................................................................................................... 44 STATEMENT OF TAX BENEFITS ............................................................................................................ 46 SECTION IV- ABOUT THE COMPANY ........................................................................................................... 57 OUR INDUSTRY ..................................................................................................................................... 57 OUR BUSINESS ...................................................................................................................................... 70 REGULATIONS AND POLICIES .............................................................................................................