Issue Open | May 7, 2007 |
Issue Close | May 10, 2007 |
IPO Price | ₹75 |
Face Value | ₹10 |
IPO Size | ₹153.75 Cr |
Listing At | BSE, NSE |
IPO Lot Size | 80 |
BINANI
CEMENT LIMITED
(Originally incorporated as Dynasty Dealer Private Limited on Januaiy
15,1996 Under the Companies Act, 1956, The name of the Company was changed to Binani
cement Private Limited on April 23,1998 and it was Converted in to Public limitedCompany,
bearing the name Binani Cement Limited on October 6, 1998). PUBLIC OFFER OF 20,500,000 EQUITY SHARES OF RS. 10 EACH OF BINANI CEMENT
LIMITED ("BCL" OR THE "COMPANY") THROUGH AN OFFER FOR SALE BY JPMORGAN
SPECIAL SITUATIONS (MAURITIUS) LIMITED ("JPMSSM" OR THE "SELLING
SHAREHOLDER"), FOR CASH AT A PRICE OF RS. 75 PER EQUITY SHARE AGGREGATING RS. 1537.50
MILLION (THE "OFFER"). THE OFFER SHALL CONSTITUTE 10.09% OF THE POST OFFER PAID
UPCAPITAL OF THECOMPANY. BASIS OF ALLOCATION The Offer received 27,076 applications for 25,522,627 Equity Shares resulting In 1.25 times subscription. The details of the applications received in the Offer (before technical rejections) from QIB Bidders, Non-Institutional and Retail Bidders are as under:
Final Demand
The Basis of Allocation for all the categories namely Retail Individual Bidders, Non Institutional Bidders and QIB Bidders was finalised in consultation with the National Stock Exchange of India Limited (Designated Stock Exchange) on May 22, 2007. A.Allocated to Retail Individual Bidders(After Technical Rejections)
B. Allocated to Non Institutional Bidders (After Technical Rejections)
All the applicants in this category have been given firm allotment on proportionate basis inverse to the over subscription ratio C. Allocated to OIBs Bidders
The Offer Committee of the Company at Its Meeting held at Mumbai on May 22,2007 has approved the basis of allocation of Equity Shares under the Offer and has allocated the Equity Shares to various successful applicants. The CAN-cum-Refund Orders and allotment advice and notices have been dispatched to the address of the investors as registered with the depositories. In case the same is not received within ten days, investors may contact at the address given below. The Refund Orders have been over-printed with the Bank Mandate details as registered, if any, with the depositories. The Equity Shares allocated to successful applicants are being credited to their beneficiary accounts subject to validation of the account details with the depositories concerned. The Company is taking steps to get the Equity Shares admitted for trading on the National Stock Exchange of India Limited and Bombay Stock Exchange Limited within seven working days from the date of approval of the basis of allocation. INVESTORS PLEASE NOTE Bigshare Services Private Limited
THE LEVEL OF SUBSCRIPTION SHOULD NOT BE TAKEN TO BE INDICATIVE OF EITHER THE MARKET PRICE OF THE EQUITY SHARE ON LISTING OR THE BUSINESS PROSPECTS OF BINANI CEMENT LIMITED |
The Binani Cement IPO basis of allotment (published above) tells you how shares are allocated to you in Binani Cement IPO and category wise demand of IPO share.
Visit the Binani Cement IPO allotment status page to check the number of shares allocated to your application.
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