Burnpur Cement to list on Thursday

Burnpur Cement to list on Thursday
Published: 02 January 2008

Equity shares of Burnpur Cement Ltd will list on Bombay Stock Exchange in the B1 Group of securities from Thursday, January 3. The stock will also list on the National Stock Exchange the same day.

The initial public offer of 4,30,04,363 equity shares was subscribed 15.19 times, with the company receiving applications worth Rs 399.11 crore against the IPO size of Rs 26.28 crore (Rs 10 share at premium of Rs 2 per share).

Burnpur Cement plans setting up an 800 tonne per day capacity clinkerisation and cement grinding unit expandable to 1,600 tpd at Patratu, Jharkhand, for manufacturing Clinker, Ordinary Portland Cement, Portland Pozzolona Cement and Portland Slag Cement.