Incorporate in July 1997 Binani Cement Limited (BCL) is subsidiary of Binani Industries Limited (BIL), a 150 year old company with diversified businesses like cement, zinc and glass fibre.
Binani Cement Limited (BCL) is entering the capital markets with an initial public offering, IPO of 20,500,000 Equity Shares, for cash, at a premium to be decided through a 100% Book Built Issue.
The price band for the issue has been fixed at Rs 75/- at lower level and Rs 85/- at upper level for equity share of Rs 10. The issue opens on May 07, 2007, and closes for subscription on May 10, 2007. The equity shares of the company are proposed to be listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).