Burnpur Cement on Thursday got listed at Rs 15 on the National Stock Exchange at premium of Rs 3 (25%) to the issue price of Rs 12. The company had offered 219 lakh shares at Rs 12 per share in the initial public offering, which was subscribed 15.19 times.
Burnpur plans a 800 tonne per day capacity clinkerisation and cement grinding unit at Patratu in Jharkhand, expandable to 1,600 tpd. It will manufacture clinker, ordinary portland cement, portland pozzolona cement and portland slag cement
First day traded 1527 lakh shares in NSE
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