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Published by : CNNBarak Valley Cements Limited (BVCL) IPO Listing Date & Info:
IPO Listing Date: Friday, November 23, 2007
BSE Script Code: 532916
NSE Symbol: BVCL
Listing in: B1 Group of Securities
ISIN: INE139I01011
Issue Price: Rs 42 Per Equity share
Face Value: Rs 10/- Per Equity Share
IPO Allotment Status is now available online for Barak Valley Cements Limited.
Barak Valley Cements Limited IPO was closed on November 01, 2007 and was oversubscribed by around 29.15 times (retail 39.4721 times).
Incorporated in 1999, Barak Valley Cements Limited (BVCL) is in the business of manufacturing cement under the brand name 'Valley Strong Cement'. BVCL does most of the business in North Eastern region of India. BVCL's products include Ordinary Portland Cement (OPC) and Portland Pozzolana Cement (PPC) with current capacity of 460 TPD cement manufacturing. BVCL plant is located at Joom Basti, Devendranagar, Badarpurghat, District Karimganj, Assam.
Barak Valley Cements is entering the capital markets with an initial public offering, IPO of 56,60,000 Equity Shares, for cash, at a premium to be decided through a 100% Book Built Issue.
The price band for the issue has been fixed at Rs. 37/- at lower level and Rs. 42/- at upper level for equity share of Rs. 10/-. The issue opens on Oct 29, 2007, and closes for subscription on Nov 01, 2007. The equity shares of the company are proposed to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).
The Barak Valley Cements IPO is proposed to open on October 29, 2007. The IPO application ends on November 1, 2007.
Retail investors can apply in the retail or non-institutional investor category from October 29, 2007 to November 1, 2007. The Barak Valley Cements IPO can be applied online through Net Bank (ASBA method) or the stock broker (UPI method).
The Barak Valley Cements IPO will open for subscription on October 29, 2007. The public issue will close on November 1, 2007.
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