Burnpur Cement Ltd IPO

IPO Synopsis

Issue of 2,19,00,000 equity shares of Rs. 10/- each for cash at a premium of Rs.2/- per equity share aggregating to Rs.26.28 Crores (hereinafter referred to as the issue). The issue comprises a reservation for eligible employees of upto 10,95,000 equity shares of Rs.10/- each (hereinafter referred to as The employee reservation portion) and the net issue to the public of 2,08,05,000 equity shares of Rs.10/- each (hereinafter referred to as the net issue) present issue would constitute 50.94% of the fully diluted post-issue paid up capital of the company. The net issue to the public would constitute 48.39% of the fully diluted post issue paid up capital of the company. Issue Price is Rs.12/- per equity share of Rs. 10/- each Issue price is 1.2 times of the face value