Share the post "IPO Launch: India Cements’s OTB on 08-01-2025!"
An Initial Public Offering (IPO) is a critical financial event that enables a private company to offer its shares to public investors for the first time. By going public, a company can access capital markets to fund growth initiatives, pay off debt, or invest in new projects. The IPO process involves rigorous preparation, including financial audits and regulatory filings to attract investors and establish credibility. India Cements IPO of OTB type offers an equity issue (inclusive of premium) with a face value of ₹ 10.00. The issue is live from 08 Jan 2025 to 21 Jan 2025 , with a market lot of 1 shares. This call notice includes , covering ₹10.00 towards face value and the remaining towards securities premium. This is a chance to invest in a well-established company known for its quality and innovation.
| Security Name | INDIA CEMENTS LTD |
|---|---|
| Offer Price () | 390.00 |
| Face Value | 10.00 |
| Type Of Issue | OTB |
| Issue Status | Forthcoming |
| Scripname | INDIA CEMENTS LTD |
| Security Type | Equity |
| Symbol | INDIACEM |
| Issue Type | Takeover |
| Issue Period | 08 Jan 2025 to 21 Jan 2025 |
| Tick Price | 0.05 |
| Market Lot | 1 |
| Book Size – No. Of Shares | 8,05,73,273 |
| Minimum Offer Quantity | 1 |
| Maximum Offer Quantity | 8,05,73,273 |
| Floor Price/Offer Price | 390.00 |
| Indicative Price | |
| Cummulative Bid Quantity | – |
| Name Of Acquirer(s)/Company | UltraTech Cement Limited (“Acquirer”) |
| Buyer Member | Axis Capital Ltd |
| Book Running Lead Manager | AXIS CAPITAL LIMITED |
| Registrar | KFin Technologies Limited |
| Exchange Notices | 1) Opening of Offer to Buy – Acquisition Window (Takeover) of THE INDIA CEMENTS LIMITED2) Settlement Schedule Offer to Buy – Acquisition Window (Takeover) for INDIA CEMENTS LTD. |
India Cements IPO opens on 08-01-2025, and closes on 21-01-2025
| Start Date | 08-01-2025 |
|---|---|
| End Date | 21-01-2025 |
| Issue Period | 08 Jan 2025 to 21 Jan 2025 |
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