Fixed Price IPO | ₹26 Cr | Listed at BSE, NSE | Wed, Nov 28, 2007 - Mon, Dec 3, 2007
Burnpur Cement IPO is a fixed price issue of ₹26.29 crores. The issue is entirely a fresh issue of 2.19 crore shares of ₹26.29 crore.
Burnpur Cement IPO bidding started from Nov 28, 2007 and ended on Dec 3, 2007. The shares got listed on BSE, NSE on Jan 3, 2008.
Burnpur Cement IPO price is ₹12 per share. The lot size for an application is 500. The minimum amount of investment required by an individual investor (retail) is ₹6,000 (500 shares) (based on upper price). The lot size investment for sNII is 34 lots (17,000 shares), amounting to ₹2,04,000, and for bNII, it is 167 lots (83,500 shares), amounting to ₹10,02,000.
The issue includes a reservation of up to 10,95,000 shares for employees offered at a discount of ₹0.00 to the issue price.
Srei Capital Markets Ltd. is the book running lead manager and Niche Technologies Pvt.Ltd. is the registrar of the issue.
Refer to Burnpur Cement IPO RHP for detailed Information.
IPO Open
Wed, Nov 28, 2007
IPO Close
Mon, Dec 3, 2007
Issue Price
₹12 per share
Market Cap (Pre-IPO)
₹51.59 Cr
| IPO Date | 28 Nov to 3 Dec, 2007 |
| Listed on | Thu, Jan 3, 2008 |
| Face Value | ₹10 per share |
| Issue Price | ₹12 per share |
| Lot Size | 500 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 2,19,10,463 shares (agg. up to ₹26 Cr) |
| Fresh Issue | 2,19,10,463 shares (agg. up to ₹26 Cr) |
| Share Holding Pre Issue | 2,10,93,900 shares |
| Share Holding Post Issue | 4,29,93,900 shares |
| BSE Script Code / NSE Symbol | 532931 / BURNPUR |
| ISIN | INE817H01014 |
Burnpur Cement IPO comprises a total issue size of 2,19,00,000 shares. The net offer to the public is 2,08,05,000 shares, after excluding 10,95,000 shares under a preferential allotment. Of the Net offer 1,04,02,500 (50.00%) allocated to NII 1,04,02,500 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue | Max Allottees |
|---|---|---|---|---|
| NII (HNI) Shares Offered | 1,04,02,500 | 50.00% | 47.50% | NA |
| Retail Shares Offered | 1,04,02,500 | 50.00% | 47.50% | 20,805 |
| Preferential Reservations | ||||
| Employee Shares Offered | 10,95,000 | 5.00% | NA | |
| Total Shares Offered | 2,19,00,000 | 100.00% | 100.00% | |
Investors can bid for a minimum of 500 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 500 | ₹6,000 |
| Retail (Max) | 33 | 16,500 | ₹1,98,000 |
| S-HNI (Min) | 34 | 17,000 | ₹2,04,000 |
| 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 1986, Burnpur Cement Limited (BCL) is a leading cement manufacturing company of easern India. BCL has a good market share in West Bengal, Bihar and Jharkhand states. BCL has current production capacity of 1000 TPD. Burnpur Cement is a ISO - 9001 and IS 455 : 1989 certified company. BCL's existing plant is located at Kanyapur, Burdwan, West Bengal.
| 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 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, for manufacturing Clinker, Ordinary Portland Cement (OPC), Portland Pozzolona Cement (PPC) and Portland Slag Cement (PSC) | |
| 2 | To meet the expenses of the Issue | |
| 3 | To list the equity shares of the Company on the Bombay Stock Exchange Limited (BSE), and the National Stock Exchange of India Limited (NSE), which will enhance the Company’s brand name and provide liquidity to its existing and future shareholders. |
| KPI | |
|---|---|
| RoNW | 7.61% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 95.39% | 36.06% |
| Market Cap | ₹51.59 Cr. |
Sorry, we couldn't find the subscription details. Note that the bidding starts at 10 AM and ends at 5 PM on the days when the public issue is open.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees of LM | 3.94 |
| 2 | Brokerage & Selling commission | 3.94 |
| 3 | Advertisement & Marketing expenses | 3.80 |
| 4 | Printing and Stationery, Distribution, postage etc | 3.50 |
| 5 | Fees of Registrar to the issue | 0.82 |
| 6 | Other Expenses (including legal fees, filing fees, listing fees, depository charges etc) | 4.00 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹12.00 | ₹12.00 |
| Open | ₹18.45 | ₹15.00 |
| Low | ₹17.80 | ₹15.00 |
| High | ₹49.00 | ₹50.50 |
| Last Trade | ₹46.35 | ₹48.05 |
Lead Manager Reports
Burnpur Cement IPO is a main-board IPO of 2,19,10,463 equity shares of the face value of ₹10 aggregating up to ₹26 Crores. The issue is priced at ₹12 per share. The minimum order quantity is 500.
The IPO opens on Wed, Nov 28, 2007, and closes on Mon, Dec 3, 2007.
Niche Technologies Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Burnpur Cement IPO using UPI as a payment gateway. Zerodha customers can apply in Burnpur Cement IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Burnpur Cement IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Burnpur Cement IPO opens on Wed, Nov 28, 2007 and closes on Mon, Dec 3, 2007.
Burnpur Cement IPO lot size is 500, and the minimum amount required for application is ₹6,000.
You can apply in Burnpur 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 Burnpur Cement IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Burnpur Cement IPO allotment status.
The Burnpur Cement IPO listing date is on Thu, Jan 3, 2008.
