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.
