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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 ₹12.00 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). 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 Date | November 28, 2007 to December 3, 2007 |
| Listing Date | January 3, 2008 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹12 per share |
| Lot Size | 500 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 2,19,10,463 shares (aggregating up to ₹26.29 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 2,10,93,900 shares |
| Share Holding Post Issue | 4,29,93,900 shares |
Burnpur Cement IPO offers total 2,19,00,000 shares. Out of which 1,04,02,500 (47.50%) allocated to NII, 1,04,02,500 (47.50%) allocated to RII.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| NII (HNI) Shares Offered | 1,04,02,500 (47.50%) | NA |
| Retail Shares Offered | 1,04,02,500 (47.50%) | 20,805 |
| Employee Shares Offered | 10,95,000 (5.00%) | NA |
| Total Shares Offered | 2,19,00,000 (100.00%) |
| 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 |
Burnpur Cement IPO opens on November 28, 2007, and closes on December 3, 2007.
| IPO Open Date | Wed, Nov 28, 2007 |
| IPO Close Date | Mon, Dec 3, 2007 |
| Tentative Listing Date | Thu, Jan 3, 2008 |
| Cut-off time for UPI mandate confirmation | 5 PM on Mon, Dec 3, 2007 |
Investors can bid for a minimum of 500 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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.
| KPI | Values |
|---|---|
| RoNW | 7.61% |
The Company Burnpur Cement IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (in Millions) |
|---|---|---|
| 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. |
| Listing Date | January 3, 2008 |
| BSE Script Code | 532931 |
| NSE Symbol | BURNPUR |
| ISIN | INE817H01014 |
| Final Issue Price | ₹12 per share |
| BSE Listing Group | B1 |
Burnpur Cement Ltd.
Cement house, Saradapally,
Ashoknagar P.O.
Burdwan
Asansol, West Bengal, 713304
Phone: +91-341-2250663
Email: info@burnpurcement.com
Website: http://www.burnpurcement.com/
Niche Technologies Pvt.Ltd.
Phone: 2235-7270/ 7271
Email: burnpur@nichetechpl.com
Website: http://www.nichetechpl.com
Burnpur Cement IPO is a main-board IPO of 2,19,10,463 equity shares of the face value of ₹10 aggregating up to ₹26.29 Crores. The issue is priced at ₹12 per share. The minimum order quantity is 500.
The IPO opens on November 28, 2007, and closes on December 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 November 28, 2007 and closes on December 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 Thursday, January 3, 2008.
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