Bookbuilding IPO | ₹24 Cr | Listed at BSE, NSE | Mon, Oct 29, 2007 - Thu, Nov 1, 2007
Barak Valley Cements IPO is a book build issue of ₹23.77 crores. The issue is entirely a fresh issue of 0.57 crore shares of ₹23.77 crore.
Barak Valley Cements IPO bidding started from Oct 29, 2007 and ended on Nov 1, 2007. The shares got listed on BSE, NSE on Jul 1, 2019.
Barak Valley Cements IPO price band is set at ₹42 per share. The lot size for an application is 150. The minimum amount of investment required by an retail is ₹6,300 (150 shares) (based on upper price). The lot size investment for sNII is 32 lots (4,800 shares), amounting to ₹2,01,600, and for bNII, it is 159 lots (23,850 shares), amounting to ₹10,01,700.
The issue includes a reservation of up to 1,13,000 shares for employees offered at a discount of ₹0.00 to the issue price.
UTI Securities Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to Barak Valley Cements IPO RHP for detailed Information.
IPO Open
Mon, Oct 29, 2007
IPO Close
Thu, Nov 1, 2007
Issue Price
₹42 per share
Market Cap (Pre-IPO)
₹93.07 Cr
| IPO Date | 29 Oct to 1 Nov, 2007 |
| Listed on | Mon, Jul 1, 2019 |
| Face Value | ₹10 per share |
| Price Band | ₹37 to ₹42 |
| Issue Price | ₹42 per share |
| Lot Size | 150 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 56,60,000 shares (agg. up to ₹24 Cr) |
| Fresh Issue | 56,60,000 shares (agg. up to ₹24 Cr) |
| Share Holding Pre Issue | 1,65,00,000 shares |
| Share Holding Post Issue | 2,21,60,000 shares |
| BSE Script Code / NSE Symbol | / |
| ISIN |
Barak Valley Cements IPO comprises a total issue size of 56,60,000 shares. The net offer to the public is 55,47,000 shares, after excluding 1,13,000 shares under a preferential allotment. Of the Net offer 27,73,500 (50.00%) are allocated to QIB, 8,32,050 (15.00%) allocated to NII 19,41,450 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue | Max Allottees |
|---|---|---|---|---|
| QIB Shares Offered | 27,73,500 | 50.00% | 49.00% | NA |
| NII (HNI) Shares Offered | 8,32,050 | 15.00% | 14.70% | NA |
| Retail Shares Offered | 19,41,450 | 35.00% | 34.30% | 12,943 |
| Preferential Reservations | ||||
| Employee Shares Offered | 1,13,000 | 2.00% | NA | |
| Total Shares Offered | 56,60,000 | 100.00% | 100.00% | |
Investors can bid for a minimum of 150 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 150 | ₹6,300 |
| Retail (Max) | 31 | 4,650 | ₹1,95,300 |
| S-HNI (Min) | 32 | 4,800 | ₹2,01,600 |
| S-HNI (Max) | 158 | 23,700 | ₹9,95,400 |
| B-HNI (Min) | 159 | 23,850 | ₹10,01,700 |
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Only RII | Up to Rs 2 Lakhs | Yes |
| Only sNII | Rs 2 Lakhs to Rs 10 Lakhs | No |
| Only bNII | Rs 10 Lakhs to NII Reservation Portion | No |
| Only employee | Yes | |
| Employee + RII/NII |
|
Yes for Employee and RII/NII |
Incorporated in 1999, Barak Valley Cements Limited (BVCL) is in the business of manufacturing cement under the brand name “Valley Strong Cement”. BVCL does most of the business in North Eastern region of India. BVCL's products include Ordinary Portland Cement (OPC) and Portland Pozzolana Cement (PPC) with current capacity of 460 TPD cement manufacturing. BVCL plant is located at Joom Basti, Devendranagar, Badarpurghat, District Karimganj, Assam.
BVCL's income for fiscal 2005, 2006, 2007 were, Rs. 4916.59 Lacs, Rs. 5366.76 Lacs, Rs. 7438.02 Lacs respectively. PAT for fiscal 2005, 2006, 2007 were Rs. 1111.54 Lacs, Rs. 1237.10 Lacs and Rs. 1430.89 Lacs respectively.
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To expand clinkerisation capacity of our company from present 420 TPD to 600 TPD and Cement Grinding Capacity from 460 TPD to 750 TPD; | 25.37 |
| 2 | Investment in subsidiary company : In our wholly owned Subsidiary, Badarpur Energy Pvt Limited., for setting up a biomass based power project at Badarpurghat, Assam; | 29.86 |
| 3 | To meet working capital requirement; | 1.69 |
| 4 | General corporate purpose; | 4.27 |
| 5 | To meet the expenses of the public issue | 2.53 |
| KPI | |
|---|---|
| RoNW | 30.92% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 70% | 52.12% |
| Market Cap | ₹93.07 Cr. |
The Barak Valley Cements IPO is subscribed 29.15 times on November 1, 2007 5:00:00 PM (Day 4). The public issue subscribed 39.47 times in the retail category, 24.17 times in the QIB category, and 25.51 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Book Running Lead Manager’s fees | 0.82 |
| 2 | Registrar’s fees | 0.50 |
| 3 | Underwriting commission and selling expenses | 0.30 |
| 4 | Legal Advisor’s fees | 0.11 |
| 5 | Advertisement and Marketing expenses | 0.50 |
| 6 | Fees payable to SEBI and Stock Exchanges | 0.15 |
| 7 | Printing and distribution of issue stationery; postage etc. | 0.60 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹42.00 | ₹42.00 |
| Open | ₹65.00 | ₹62.60 |
| Low | ₹53.10 | ₹52.00 |
| High | ₹72.00 | ₹67.00 |
| Last Trade | ₹56.05 | ₹55.30 |
Lead Manager Reports
Barak Valley Cements IPO is a main-board IPO of 56,60,000 equity shares of the face value of ₹10 aggregating up to ₹24 Crores. The issue is priced at ₹42 per share. The minimum order quantity is 150.
The IPO opens on Mon, Oct 29, 2007, and closes on Thu, Nov 1, 2007.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Barak Valley Cements IPO using UPI as a payment gateway. Zerodha customers can apply in Barak Valley Cements IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Barak Valley Cements IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Barak Valley Cements IPO opens on Mon, Oct 29, 2007 and closes on Thu, Nov 1, 2007.
Barak Valley Cements IPO lot size is 150, and the minimum amount required for application is ₹6,300.
You can apply in Barak Valley Cements IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Barak Valley Cements IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Barak Valley Cements IPO allotment status.
The Barak Valley Cements IPO listing date is on Mon, Jul 1, 2019.
