BVCL IPO oversubscribed on day 2

Date October 30, 2007

On day 2, the BVCL IPO has been subscribed by about 1.75 times. Both the Retail invester quota and Institutional investors quota has been subscribed by close to 2 times. Barak Valley Cements IPO opened for subscription yesterday and will remain open for subscription until Thursday, November 01, 2007. The final subscription details of BVCL IPO will be updated here on Thursday, November 01, 2007 for the benefit of investors who have applied in the IPO.