Bookbuilding IPO | ₹154 Cr | Listed at BSE, NSE | Mon, May 7, 2007 - Thu, May 10, 2007
Binani Cement IPO is a book build issue of ₹153.75 crores. The issue is entirely an offer for sale of 2.05 crore shares of ₹153.75 crore.
Binani Cement IPO bidding started from May 7, 2007 and ended on May 10, 2007. The shares got listed on BSE, NSE on May 28, 2007.
Binani Cement IPO price band is set at ₹75 per share. The lot size for an application is 80. The minimum amount of investment required by an retail is ₹6,800 (80 shares) (based on upper price). The lot size investment for sNII is 34 lots (2,720 shares), amounting to ₹2,04,000, and for bNII, it is 167 lots (13,360 shares), amounting to ₹10,02,000.
ICICI Securities Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue.
Refer to Binani Cement IPO RHP for detailed Information.
IPO Open
Mon, May 7, 2007
IPO Close
Thu, May 10, 2007
Issue Price
₹75 per share
Market Cap (Pre-IPO)
₹1,523.26 Cr
| IPO Date | 7 to 10 May, 2007 |
| Listed on | Mon, May 28, 2007 |
| Face Value | ₹10 per share |
| Price Band | ₹75 to ₹85 |
| Issue Price | ₹75 per share |
| Lot Size | 80 Shares |
| Sale Type | OFS only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 2,05,00,000 shares (agg. up to ₹154 Cr) |
| Offer for Sale | 2,05,00,000 shares of ₹10 (agg. up to ₹154 Cr) |
| Share Holding Pre Issue | 20,31,01,274 shares |
| Share Holding Post Issue | 20,31,01,274 shares |
| BSE Script Code / NSE Symbol | 532849 / BINANICEM |
| ISIN | INE042H01019 |
Binani Cement IPO comprises a total issue size of 2,05,00,000 shares. Out of which, 1,23,00,000 (60.00%) are allocated to QIB, 20,50,000 (10.00%) allocated to NII 61,50,000 (30.00%) allocated to RII.
| Investor Category | Shares Offered | % of Total Issue | Max Allottees |
|---|---|---|---|
| QIB Shares Offered | 1,23,00,000 | 60.00% | NA |
| NII (HNI) Shares Offered | 20,50,000 | 10.00% | NA |
| Retail Shares Offered | 61,50,000 | 30.00% | 76,875 |
| Total Shares Offered | 2,05,00,000 | 100.00% |
Investors can bid for a minimum of 80 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 80 | ₹6,000 |
| Retail (Max) | 33 | 2,640 | ₹1,98,000 |
| S-HNI (Min) | 34 | 2,720 | ₹2,04,000 |
| S-HNI (Max) | 166 | 13,280 | ₹9,96,000 |
| B-HNI (Min) | 167 | 13,360 | ₹10,02,000 |
Incorporate in July 1997 Binani Cement Limited (BCL) is subsidiary of Binani Industries Limited (BIL), a 150 year old company with diversified businesses like cement, zinc and glass fibre.
BCL is a leading Indian cement manufacturer focused on the key markets of states in northern India and Gujarat in western India. BCL has significant presence in Rajasthan, Gujarat, Haryana and Delhi markets.
BCL has facilities for manufacture of 2.25 MTPA of cement along with 25 MW coal/lignite based captive power plant at Sirohi, Rajasthan. BCL has two limestone mines, located at Amli and Thandiberi which are located at a distance of 2 Km and 7 Km from the Sirohi facility 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 achieve the benefits of listing on the Stock Exchanges and to carry out the sale of 20,500,000 Equity Shares by the Selling Shareholder |
| KPI | |
|---|---|
| RoNW | 21.57% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 64.91% | 64.91% |
| Market Cap | ₹1,523.26 Cr. |
The Binani Cement IPO is subscribed 1.36 times on May 10, 2007 5:00:00 PM (Day 4). The public issue subscribed 1.62 times in the retail category, 1.33 times in the QIB category, and 0.78 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 | Lead management, underwriting and selling commission | 5.38 |
| 2 | Advertisement and marketing expenses | 3.60 |
| 3 | Printing, stationery including transportation of the same | 2.60 |
| 4 | Others (Registrar’s fees, legal fees and listing fees) | 0.27 |
The board of Binani Cement in its meeting on 06 October 2010 has decided to voluntarily delist its equity shares from Bombay Stock Exchange (BSE) and National Stock Exchange of India (NSE), subject to approval of shareholders of the company, pursuant to the promoter and holding company, Binani Industries intimating the company that they have decided to acquire/purchase the entire public shareholding of the company.
BSE Notice no: 20110509-15
Sub: Discontinuation of Trading and Delisting of equity shares of Binani Cement Limited (Scrip Code: 532849)
Trading Members of the Exchange are hereby informed that pursuant to the SEBI (Delisting of Equity Shares) Regulations 2009, the company has complied with the formalities for voluntary delisting of equity shares. Accordingly, the trading in the equity shares of Binani Cement Limited(Scrip Code: 532849)will be discontinued w.e.f. Monday, May 23, 2011.
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹75.00 | ₹75.00 |
| Open | ₹79.00 | ₹73.00 |
| Low | ₹67.45 | ₹67.30 |
| High | ₹79.00 | ₹77.00 |
| Last Trade | ₹68.65 | ₹69.05 |
Lead Manager Reports
Binani Cement IPO is a main-board IPO of 2,05,00,000 equity shares of the face value of ₹10 aggregating up to ₹154 Crores. The issue is priced at ₹75 per share. The minimum order quantity is 80.
The IPO opens on Mon, May 7, 2007, and closes on Thu, May 10, 2007.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Binani Cement IPO using UPI as a payment gateway. Zerodha customers can apply in Binani Cement IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Binani Cement IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Binani Cement IPO opens on Mon, May 7, 2007 and closes on Thu, May 10, 2007.
Binani Cement IPO lot size is 80, and the minimum amount required for application is ₹6,000.
You can apply in Binani Cement 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 Binani Cement IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Binani Cement IPO allotment status.
The Binani Cement IPO listing date is on Mon, May 28, 2007.
