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Binani Cement IPO is a book built issue of Rs 153.75 crores.
Binani Cement IPO bidding started from May 7, 2007 and ended on May 10, 2007. The shares got listed on BSE, NSE on May 28, 2007.
Binani Cement IPO price band is set at ₹75 to ₹85 per share. The minimum lot size for an application is 80 Shares. The minimum amount of investment required by retail investors is ₹6,800.
ICICI Securities Limited is the book running lead manager of the Binani Cement IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.
Refer to Binani Cement IPO RHP for detailed information.
| IPO Date | May 7, 2007 to May 10, 2007 |
| Listing Date | May 28, 2007 |
| Face Value | ₹10 per share |
| Price Band | ₹75 to ₹85 per share |
| Lot Size | 80 Shares |
| Total Issue Size | 20,500,000 shares (aggregating up to ₹153.75 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 203,101,274 |
| Share holding post issue | 203,101,274 |
Investors can bid for a minimum of 80 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 80 | ₹6,800 |
| Retail (Max) | 29 | 2320 | ₹197,200 |
| Lot Size Calculator | |||
| Share Holding Pre Issue | 64.91% |
| Share Holding Post Issue | 64.91% |
Incorporate in July 1997 Binani Cement Limited (BCL) is subsidiary of Binani Industries Limited (BIL), a 150 year old company with diversified businesses like cement, zinc and glass fibre.
BCL is a leading Indian cement manufacturer focused on the key markets of states in northern India and Gujarat in western India. BCL has significant presence in Rajasthan, Gujarat, Haryana and Delhi markets.
BCL has facilities for manufacture of 2.25 MTPA of cement along with 25 MW coal/lignite based captive power plant at Sirohi, Rajasthan. BCL has two limestone mines, located at Amli and Thandiberi which are located at a distance of 2 Km and 7 Km from the Sirohi facility respectively.
| KPI | Values |
|---|---|
| RoNW | 21.57% |
The objects of the Issue are to achieve the benefits of listing on the Stock Exchanges and
To carry out the sale of 20,500,000 Equity Shares by the Selling Shareholder.
The Binani Cement IPO is subscribed 1.36 times on May 10, 2007 5:00:00 PM. The public issue subscribed 1.62 times in the retail category, 1.33 times in the QIB category, and 0.78 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|
The board of Binani Cement in its meeting on 06 October 2010 has decided to voluntarily delist its equity shares from Bombay Stock Exchange (BSE) and National Stock Exchange of India (NSE), subject to approval of shareholders of the company, pursuant to the promoter and holding company, Binani Industries intimating the company that they have decided to acquire/purchase the entire public shareholding of the company.
BSE Notice no: 20110509-15
Sub: Discontinuation of Trading and Delisting of equity shares of Binani Cement Limited (Scrip Code: 532849)
Trading Members of the Exchange are hereby informed that pursuant to the SEBI (Delisting of Equity Shares) Regulations 2009, the company has complied with the formalities for voluntary delisting of equity shares. Accordingly, the trading in the equity shares of Binani Cement Limited(Scrip Code: 532849)will be discontinued w.e.f. Monday, May 23, 2011.
| Listing Date | May 28, 2007 |
| BSE Script Code | 532849 |
| NSE Symbol | BINANICEM |
| ISIN | INE042H01019 |
| Final Issue Price | ₹75 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE |
|---|
| ₹75.00 |
| ₹79.00 |
| ₹67.45 |
| ₹79.00 |
| ₹68.65 |
| NSE |
|---|
| ₹75.00 |
| ₹73.00 |
| ₹67.30 |
| ₹77.00 |
| ₹69.05 |
Binani Cement Limited
Binani Cement Limited,
706 Om Tower, 32,
Chowringhee Road, Kolkata – 700 071 India
Phone: + 91 33 2288 2508
Email: bclipo@binani.net
Website: http://www.binani.com
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
Binani Cement IPO is a main-board IPO of 20,500,000 equity shares of the face value of ₹10 aggregating up to ₹153.75 Crores. The issue is priced at ₹75 to ₹85 per share. The minimum order quantity is 80 Shares.
The IPO opens on May 7, 2007, and closes on May 10, 2007.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The Binani Cement IPO opens on May 7, 2007 and closes on May 10, 2007.
Binani Cement IPO lot size is 80 Shares, and the minimum amount required is ₹6,800.
You can apply in Binani Cement IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Binani Cement IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Binani Cement IPO allotment status.
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