Burnpur Cement IPO : Burnpur Cement Limited is planning to enter the capital markets with an Initial Public Offer of Rs 26.20 crore to finance its expansion needs.
The company has received approval from SEBI for its IPO and the company plans to open the issue on November 28, 2007 and the issue would close on December 3, 2007.
Details of Burnpur Cement IPO
The issue would constitute 21.9 million equity shares of Rs. 10 each at the price band of Rs 10 at the lower end and Rs 12 at the higher end of the issue. Out of the total 21.9 million equity shares under offer, Employees reservation is fixed at 10,95,000 equity shares so the Net issue to the public is 20.8 million equity shares.
The Net Issue to the public would constitute 48.39% of the fully diluted post issue paid up capital of the company.
Issue Size : 26.20 crore
Number of Shares under offer to public : 2,08,05,0000 equity shares.
IPO Opening Date : 28th November 2007
IPO Closing Date : 3rd December 2007.
Objects of the Burnpur Cement IPO : The company plans to use the proceeds raised from the IPO, to set-up a Integrated Clinkerisation and Cement grinding plant of 800 TPD capacity expandable to 1600 TPD in the Hazaribagh district of Jharkhand at Patratu Industrial Estate at a cost of Rs. 120 crore.
Book Running Lead Manager to the Burnpur Cement IPO is Srei Capital Markets Limited and the registrar for the Burnpur cements IPO is Niche Technologies Private Limited.
For more information regarding the Subscription details of Burnpur Cements IPO and further details regarding the allotment of Burnpur IPO do check this blog regularly.
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1 comment so far ↓
can we invest for short term, what is its rating
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