Barak Valley Cements Ltd - IPO

Barak Valley Cements Ltd IPO Details

Public issue of 56,60,000 equity shares of Rs. 10/- each for cash at a price of Rs.42/- per equity share, including share premium of Rs.32/- per equity share aggregating Rs.23.77 Crores by Barak Valley Cements Limited ('BVCL' or 'the company' or 'the issuer'). The issue comprises of reservation of 1,13,000 equity shares aggregating Rs.0.47 Crores for permanent employees (employees reservation portion) on a competitive basis and the net issue to the public of 55,47,000 equity shares aggregating Rs.23.30 Crores. The net issue to the public would constitute 25.03% of the fully diluted post issue paid up capital of the company.Issue Price is Rs.42/- Per Equity Share of Face Value of Rs. 10 EachThe Issue Price is 4.2 times of the Face Value

Objective of issue

To Expand clinkerisation Capacity 420 to 600 TPD. To Expand Cement Grinding Capacity 460 to 750 TPD. To Meet Working Capital requirement. General Corporate Purposes. Investment in Sub. Com. Biomass based Power Proj..

Barak Valley Cements Ltd Contact Details

Barak Valley Cements Ltd, C-13 Pannalal Silk, Mills Cmpd LBS Marg, Bhandup West, Mumbai - 400 078

Phone - 91-022-25963838

Fax - 91-022-25946969

Email - bvclghy1@gmail.com

Website - www.barakcement.com