Burnpur Cement IPO
Burnpur Cement IPO — date, price band, lot size & details 2007
Burnpur Cement listed on 3 Jan 2008 at ₹15, 25% above the ₹12 issue price.
Burnpur Cement is an Asansol based cement company in West Bengal that was setting up a clinker and cement grinding plant at Patratu, Jharkhand. Its total income was Rs 23.74 crore in FY2007.
Stock price
Burnpur Cement 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 13 November.
- Open 28 Nov 2007
- Close 03 Dec 2007
- Allotment TBA
- Refund/credit TBA
- Listing 03 Jan 2008
Issue summary
The terms of the offer, as filed.
| IPO Dates | 28 Nov to 3 Dec, 2007 |
|---|---|
| Price Band | TBA |
| Face Value | ₹10 |
| Lot Size | 500 Shares |
| Issue Size | ₹26.29 Cr |
| Sale Type | Fresh capital only |
| Listing On | BSE, NSE |
| Registrar | Niche Technologies Pvt.Ltd. |
| Min Investment | ₹ 6,000 |
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 500 shares at the ₹12 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 500 | ₹6,000 |
| Retail (max) | 33 | 16,500 | ₹1,98,000 |
| S-HNI (min) | 34 | 17,000 | ₹2,04,000 |
| S-HNI (max) | 166 | 83,000 | ₹9,96,000 |
| B-HNI (min) | 167 | 83,500 | ₹10,02,000 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 4
- 01Total income rose from Rs 12.07 crore in FY2005 to Rs 23.74 crore in FY2007.
- 02Restated profit after tax rose from Rs 0.44 crore in FY2005 to Rs 1.14 crore in FY2007.
- 03Net worth rose from Rs 6.26 crore in FY2005 to Rs 15.36 crore on 30 June 2007.
- 04The Patratu plant was designed for 800 TPD, expandable to 1,600 TPD.
Risks · 5
- 01The new plant needed Rs 80.23 crore of plant and machinery alone, far more than the Rs 26.29 crore raised, so it depended on loans.
- 02Profit after tax was only Rs 1.14 crore on income of Rs 23.74 crore in FY2007.
- 03Income was flat at Rs 23.15 crore in FY2006 and Rs 23.74 crore in FY2007.
- 04Return on net worth was only 7.61%, and the issue was priced at Rs 12.
- 05Promoter holding fell from 95.39% before the issue to 36.06% after it, which is very low.
Three years of numbers
All figures in ₹ crore, as reported in the Burnpur Cement offer document.
| Metric | 30 Jun 2007 | 31 Mar 2007 | 31 Mar 2006 | 31 Mar 2005 |
|---|---|---|---|---|
| Total Income | 7.51 | 23.74 | 23.15 | 12.07 |
| Profit After Tax | 0.36 | 1.14 | 0.89 | 0.44 |
| NET Worth | 15.36 | 15.01 | 10.82 | 6.26 |
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 Burnpur Cement RHP.
Where the money goes
₹122.90 Cr of the issue is earmarked to named objects.
About the company
It makes and sells cement and also traded cement.
It was setting up a clinkerisation and cement grinding plant of 800 TPD, expandable to 1,600 TPD, at Patratu, Jharkhand.
The IPO was Rs 26.29 crore and was entirely a fresh issue at a fixed price of Rs 12. The money was for the Patratu plant, including plant and machinery and buildings.
Interested in this IPO? Check the live subscription status or browse all upcoming mainboard IPOs.
033-22806616/22806617/22806618
The bankers & the filings
Who is running the book, and the documents this page is built from.
Burnpur Cement 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.
Srei Capital Markets Ltd
11 issues handledBest listing: Suryachakra Power Corp (+50.0%). Weakest: Vikash Metal & Power (-40.0%).
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 Burnpur Cement?
The current Grey Market Premium is ₹0.
What is the Burnpur Cement IPO price band?
₹12, on a face value of ₹10.
When is the allotment?
The basis of allotment is TBA, with listing on 3 January 2008.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — Niche Technologies Pvt.Ltd..
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.
