Burnpur Cement plans IPO (the company intends to set up a plant with a capacity of 800tpd)

Burnpur Cement plans IPO (the company intends to set up a plant with a capacity of 800tpd)
Published: 03 December 2007

Burnpur Cement Ltd is planning to float an initial public offer (IPO) of 2,19,00,000 equity shares of Rs10 each at a premium of Rs2 a share. The issue will open on 28 Nov 2007 and close on 3 Dec 2007. The company intends to list the shares on the Bombay Stock Exchange and the National Stock Exchange. Burnpur Cement intends to use the proceeds to set up a clinkerisation and cement grinding plant with a capacity of 800 tonnes a day in Jharkhand.