Barak Valley Cements IPO
Barak Valley Cements IPO — date, price band, lot size & details 2007
Barak Valley Cements listed on 23 Nov 2007 at ₹62.6, 49% above the ₹42 issue price.
Barak Valley Cements is a Guwahati based cement maker in the north east that sells under the Valley Strong Cement brand. Its total income was Rs 74.33 crore in FY2007.
Stock price
Barak Valley Cements is listed — here is the live share price.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
Key dates from opening to listing. Today is 12 November.
- Open 29 Oct 2007
- Close 01 Nov 2007
- Allotment TBA
- Refund/credit TBA
- Listing 23 Nov 2007
Issue summary
The terms of the offer, as filed.
| IPO Dates | 29 Oct to 1 Nov, 2007 |
|---|---|
| Price Band | ₹37 – ₹42 |
| Face Value | ₹10 |
| Lot Size | 150 Shares |
| Issue Size | ₹23.77 Cr |
| Sale Type | Fresh capital only |
| Listing On | BSE, NSE |
| Registrar | MUFG Intime India Private Limited |
| Min Investment | ₹ 6,300 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 150 shares at the ₹42 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 150 | ₹6,300 |
| Retail (max) | 31 | 4,650 | ₹1,95,300 |
| S-HNI (min) | 32 | 4,800 | ₹2,01,600 |
| S-HNI (max) | 158 | 23,700 | ₹9,95,400 |
| B-HNI (min) | 159 | 23,850 | ₹10,01,700 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 4
- 01Total income rose from Rs 49.17 crore in FY2005 to Rs 74.33 crore in FY2007.
- 02Restated profit after tax rose from Rs 11.12 crore in FY2005 to Rs 14.31 crore in FY2007.
- 03Net worth rose from Rs 28.23 crore in FY2005 to Rs 49.71 crore on 30 June 2007.
- 04Return on net worth was 30.92%.
Risks · 5
- 01Its plant was small, with clinker capacity of only 420 TPD.
- 02Its sales were concentrated in the north east, and FY2007 sales were only Rs 73.78 crore.
- 03Rs 29.86 crore went into a subsidiary for a biomass power project, a new business.
- 04The Valley Strong Cement trade mark registration was still pending; Rs 25.37 crore was for the capacity expansion.
- 05Promoter holding fell from 70% before the issue to 52.12% after it.
Three years of numbers
All figures in ₹ crore, as reported in the Barak Valley Cements offer document.
| Metric | 30 Jun 2007 | 31 Mar 2007 | 31 Mar 2006 | 31 Mar 2005 |
|---|---|---|---|---|
| Total Income | 19.30 | 74.33 | 53.53 | 49.17 |
| Profit After Tax | 3.48 | 14.31 | 11.52 | 11.12 |
| NET Worth | 49.71 | 46.21 | 35.97 | 28.23 |
See how this IPO compares — view listing performance of all mainboard IPOs.
Valuation & key ratios
Ratios are for the latest full financial year reported in the Barak Valley Cements RHP.
Where the money goes
₹63.72 Cr of the issue is earmarked to named objects.
About the company
It makes cement and sells it under the Valley Strong Cement brand, mainly in the north east.
Its clinker capacity was 420 TPD and its cement grinding capacity 460 TPD, which it planned to raise to 600 TPD and 750 TPD.
The IPO was Rs 23.77 crore and was entirely a fresh issue at Rs 42, the top of the Rs 37 to Rs 42 band. The money was for the capacity expansion and for a biomass power project through its subsidiary Badarpur Energy.
Interested in this IPO? Check the live subscription status or browse all upcoming mainboard IPOs.
The bankers & the filings
Who is running the book, and the documents this page is built from.
Barak Valley Cements IPO Documents
Read the filings this page is built from.
Lead Manager Track Record
How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.
Standard Chartered Securities (India) Ltd
24 issues handledBest listing: Vivimed Labs (+87.1%). Weakest: Abhishek Mills (-14.9%).
Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.
Company contact
Frequently asked
What is the GMP of Barak Valley Cements?
The current Grey Market Premium is ₹0.
What is the Barak Valley Cements IPO price band?
₹37 to ₹42, on a face value of ₹10.
When is the allotment?
The basis of allotment is TBA, with listing on 23 November 2007.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — MUFG Intime India Private Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
