Sarbottam Cement IPO Issue Update: Dividend and Book Building Method CONFIRMED!
Sarbottam Cement IPO Issue Update: Dividend and Book Building
Sarbottam Cement has decided to issue 60,00,000 lots through IPO book building method and also to pass 20% dividend. This will be the second company to issue an IPO by a cement company. Earlier, Shivam Cement had continued its good presence in the secondary market by issuing IPOs.
After institutional investors submit bids with a quoted price for 40% of the shares (24 lakh units), the remaining 46.66% (28 lakh units) will be issued to the general public and 13.33% (8 lakh units) to the project affected people at 10% lesser than the quoted price. As recent update, Company has been appoint 4 issue manager for share issue. This company will be the first company who is going to issue IPO share from Book Building Process .
Upcoming IPO of the best Cement Company
Appointed Issue Managers are as following:2. NIBL Ace Capital Ltd. and
Upcoming IPO in pipeline including Laghubitta IPO
Unmatched in quality, our cement has been used in a wide variety of projects, such as:
- Industrial Structures
- Bridges & Dams
- Irrigation Canals
- Highways & Runways
- Residential & Commercial Complexes
- Individual Homes & Small-Office Buildings
Sarbottam Green OPC Cement™ contains low levels of alkalis, chlorides, magnesia and free lime.
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