Barak Valley Cements IPO Latest News Today

 Barak 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).