It"s brand ambassador is Amitabh Bachan so dont understand it is poor company,company is good and will do best in near future,listing is arround 100 and may go beyond 125...best of luck
binani cement may go to 40-45 rs on listing. remeber jp morgan has bought shares at 24 rs and that also 2 years back so does anyone think that this stock desrve to be more than 35-40 rs.again cheaters.
Binani Cement fixes issue price at Rs 75 per share 2007-05-11 19:24:47 Source : Moneycontrol.com
Binani Cement, a subsidiary of Binani Industries, has fixed the offer price at Rs 75 for its initial public offering (IPO) of 20,500,000 equity shares of Rs 10 each for cash, through an offer for sale by JP Morgan Special Situations (Mauritius).
The offer of equity shares was made through a 100% book building process and had a price band of Rs 75 to Rs 85 per equity share. The IPO was open for subscription from May 7, 2007 to May10, 2007 and was subscribed 1.36 times.
you can see how reputed companies are befooling investors especially retail take the case of recent listing of fortis always invest after going through all the details.these companies have got their money but the ultimate victim is the investor.
cement industry may face cheap imports from pakistan which is supplying at150rs a bag.future not good in medium term for cement industy.valuations are high so avoid this issue.
Buy Buy Buy .. IDEA.. New serious of handset and Plans to be launched soon. Big raise in Subscriberbase in next 3 months. Good time to buy and realize profit.
Common guys, stop these prersonal comments and pour in some useful info. The rating for this IPO changed from 4.3 to 4.0 if I am not wrong. So share any ideas of how QIBs take on Binani Cement.