Barak Valley Cements Limited IPO Opens for Subscription tomorrow

The Initial Public Offering (IPO) of Barak Valley Cements Limited opens for subscription by investors tomorrow - October 29, 2007. The company has come out with an Initial Public Offering (IPO) of 5660000 equity shares of Rs.10 each for cash at a price band of Rs.37 to Rs.42 per share for cash through 100% book building process.

The IPO opens for subscription on Monday - October 29, 2007 and closes on Thursday - November 1, 2007.

The Issue comprises of a reservation of 113000 equity shares for permanent employees on a competitive basis. The Net Issue to the public of 55,47,000 equity shares would constitute 25.03% of the fully diluted post issue paid up capital of the company.

The Equity Shares are proposed to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).

The Lead Manager to the issue is UTI Securities Ltd. Intime Spectrum Registry Ltd is the Registrar to the issue.

Click Here to view the website of Barak Valley Cements Limited

Click Here to view the prospectus of Barak Valley Cements Limited

Source : Equity Bulls

Keywords