Burnpur Cement Limited IPO Opens today

The Initial Public Offering (IPO) of Burnpur Cement Limited opens for subscription by investors today - November 28, 2007.

The company is coming out with an IPO of 2,19,00,000 Equity Shares of Rs.10 each for cash at a price of Rs 12 (Face Value: Rs 10 and Premium: Rs 2 Per Share) aggregating Rs 2628 Lacs. The Issue comprises a reservation for eligible employees of upto 10,95,000 equity shares of Rs 10 each and the net issue to the public of 2,08,05,000 equity shares.

The issue will constitute 74.02% of the fully diluted post issue paid-up capital of the company. The Net issue to the public would constitute 48.39% of the paid up equity share capital of the company.

The Equity Shares offered through this public issue are proposed to be listed on the Bombay Stock Exchange Limited ("BSE") and the National Stock Exchange of India Limited ("NSE").

The IPO closes for subscription by investors on December 3, 2007.

Niche Technologies Pvt Limited is the registrar to the issue.

SREI Capital Markets Limited is the Lead Manager to the issue.

Click Here to view Burnpur Cement Limited Website.

Click Here to view Burnpur Cement Limited IPO Prospectus.

Source : Equity Bulls

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