Ballarpur Industries is currently trading at Rs. 32.85, up by 0.05 points or 0.15% from its previous closing of Rs 32.80 on the BSE.
The scrip opened at Rs. 33.15 and has touched a high and low of Rs. 33.25 and Rs. 32.70 respectively. So far 136218 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 43.55 on 11-Nov-2010 and a 52 week low of Rs. 23.45 on 06-Apr-2010.
Last one week high and low of the scrip stood at Rs. 33.90 and Rs. 30.40 respectively. The current market cap of the company is Rs. 2173.06 crore.
The promoters holding in the company stood at 49.40 % while Institutions and Non-Institutions held 35.71 % and 14.89 % respectively.
BILT Paper Plc - unit of Ballarpur Industries is planning to raise at least $330 million from a London listing next month to fund its expansion and to pay its debt. The paper production capacity of BILT Paper has increased by nearly 90 percent over the last two years and it plans to grow it by another 50 percent by the end of 2014.
Ballarpur owns a 79.5 percent stake in the firm, part of the Mumbai-based Avantha group, with the rest held by private equity investors JP Morgan Mauritius and Lathe investment.
The company would be raising $330 million from the sale of new shares while the private equity investors may also sell some secondary shares in the offering, is also expecting to be eligible for inclusion in the FTSE 250 index.
The listing is expected to be completed in mid-April with a price range due during the week of April 4. Citigroup and JP Morgan are joint global co-ordinators and joint book runners of the initial public offering.
Recently, Ballarpur Industries has acquired entire paid up capital of Premier Tissues India (PTIL), a company engaged in business of manufacturing and trading of tissue paper and related products under the Brand names “Premier” and “Royal”.
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