Tag: Buy

“Sarbottam Cement Limited Initiates Book-Building IPO for General Public Participation”
Sarbottam Cement Limited is gearing up to launch its Initial Public Offering (IPO) to the general public, employing the book-building method for the first time. The IPO price for common investors is fixed at Rs 360.90 per share, requiring a minimum application of 50 units, with investors expected to allocate at least Rs 18,045 to participate.

Governed by book-building guidelines, the ‘cut-off price’ during primary share distribution to institutional investors was set at Rs 401 for Sarbottam Cement. Following these guidelines, shares are made available to the general public at a 10% reduced rate, specifically Rs 360.90 per share for common investors.

Investors must maintain a minimum balance of at least Rs 18,045 in their bank accounts; otherwise, the application will be automatically canceled. Sarbottam Cement’s IPO involves the issuance of 60 lakh units of shares, constituting 12.9033% of the total issued capital of Rs 4.65 arba. Out of this, 40% (24 lakh units) is allocated for qualified institutional investors, and the remaining 60% (36 lakh units) is available to the general public, including employees, foreign migrant workers, mutual fund schemes, and project-affected local people.

This move signifies a significant step in Sarbottam Cement’s financial journey, providing common investors with an opportunity to participate in the growth of the cement industry. As the IPO unfolds, market enthusiasts closely monitor the dynamics of this offering, offering a stake in Sarbottam Cement’s future endeavors. The company plans to issue IPOs for the general public by the first week of Poush.