Birla Cotsyn (India) Limited IPO Message Board (Page 6)

Avon Weighing System ipo is a best ipo in this market and will be list about 20-30 rupees
good for long term invest

Birla Cotsyn (India), a company of the Yash Birla Group, engaged in textile manufacturing, will open for subscription today with an IPO of Rs 144.18 crores. The company has fixed a price band of Rs 15 to Rs 18 per equity share of face value of Rs 10 each. The price band is 1.5 times of the face value and the cap price is 1.8 times of the face value. The company intends to raise Rs 144.18 crores at the cap price of the price band. The issue closes on Friday 04 July, 2008

The proceeds from the issue will be utilized to set up a integrated textile unit and a garment manufacturing plant at their facilities located at Khamgaon, Ghatanji & Makkapur in Maharashtra. The invested will also fund the company’s foray into retail outlets which it plans to set up pan India.

In order to ensure success in their expansion plans, the initial promoter of Birla Cotsyn (India) Limited Yash Birla group had entered in a 50:50 Joint venture with the P.B.Bhardwaj Group, This JV will enable both the partners to combine their resources and expertise and carry on the business of manufacturing, marketing and distribution of the products, which will enable their presence felt, in India as well as in international markets.

The company is in the process of setting up a 36,000 cotton spindle yarn manufacturing unit at Malkapur. Commercial production in Phase I has commenced.

In Phase II, the company has set up an Open End rotor based Cotton yarn manufacturing facility having capacity of 1,728 rotors, which has since become operational. In this Phase the Company is also setting up a weaving unit of Cotton Grey Fabric with 114 Looms.

Moving forward with a fully integrated manufacturing process, Birla Cotsyn plans to manufacture finished fabric by setting up a Dyeing and Processing facility with an installed capacity of 50,000 meters per day in Phase III.

Project Highlights

Expansion of Integrated Textile Project at Khamgaon and Malkapur.
Manufacture of finished cloth by setting up of a Dyeing & Processing unit .
Setting up of a Ready made Garment Manufacturing facility for men & women clothes.
Establish Retail Outlets across the country .
MEGA Project status granted by Government of Maharashtra.
This issue has been graded by CARE and has been assigned the "IPO Grade 3".

Allbank Finance Limited is the book running lead manager to the issue.

Nexgen Capitals Limited, Saffron Capital Advisors Private Limited and Chartered Capital and Investment Limited are the co-book running lead managers to the issue.

Adroit Corporate Services Pvt. Limited is the registrar to the issue.

Avoid it. He can not take the advantage only due to Birla trade mark is behind him. Useless ipo.

good ipo with better written

do not invest in this ipo this is a big flop
dont go by price.first its collecting 144 crore whereas avon collected only 10 crore. second its coming at P/E of 50 whereas other textile company are at P/E of less than 10 .
Imagine this going to 2-3 rs on lsting which is quite possible,
retailers i request you pleae do not get trapped in this bad ipo
you know yash birla has always taken all money from public and all his before ipo have been big flops.

Birla cotsyn is not jayada badiya ipo in this down falling market

now what about bafna and somi

The Ministry of Shipping, Road Transport and Highways is ‘actively’ considering Cochin Shipyard Ltd’s (CSL) proposal to raise funds through an initial public offering (IPO) for the public sector shipyard’s expansion plans.

Cochin Shipyard has been planning to set up a third dry dock and a small ship division in place. “The expansion would require an expenditure of Rs 1,000-1,300 crore. The IPO proceeds would be used to part-finance this expansion proposal,” said sources.

“The Shipping Ministry is actively considering the proposal for internal approvals,” said sources in the know.

Miniratna status


The Shipping Ministry is also considering a proposal to confer Miniratna status to Cochin Shipyard, which would allow CSL more financial and operational autonomy.

The yard is also constructing 20 vessels for European/American clients valued at over Rs 2,000 crore. These projects are being undertaken exclusive of the Air Defence Ship for the Indian Navy, which is also currently under construction.

Cochin Shipyard’s proposal for creation of Small Ship Division has been approved by the Government. The project is expected to be completed by March 2009. On completion these facilities would help the shipyard to undertake concurrent construction of small commercial ships with the aircraft carrier. CSL has two dry docks at present – one can build ships of up to 1,10,000 dead weight tonnage (DWT) and another can repair ships up to 1,25,000 DWT.

The yard has delivered two of India’s largest double hull Aframax tankers each of 95,000 DWT, apart from building various types of vessels including tankers, bulk carriers, port crafts and passenger vessels.

Financials


CSL recorded a turnover of Rs 720 crore in the 2006-07 including a record shipbuilding turnover of Rs 478 crore. In 2007-08, the turnover is expected be much higher with the shipyard recording shipbuilding income of Rs 600 crore and ship-repair turnover of Rs 240 crore.

CSL could become the first public sector shipyard to be listed. Other shipyards that are listed in stock exchanges in the country include ABG Shipyard, Bharati Shipyard and Western India Shipyard. Engineering construction firm Larsen and Toubro has also diversified into shipbuilding.

it is good IPO?
Can i apply for it?

best ipo Birla Cotsyn (India) Ltd .........

OK ITS GOOD AT PRESENT MARKET TREND GO AHEAD

OK ITS GOOD AT PRESENT MARKET TREND GO AHEAD

Textile sector has very low margins and volume growth is not
happening due to chinese competition. Better to avoid this IPO
and keep your money safe for UTI MF ipo expected in mid-july.

At this time invest in sardarsrovar bond right or wrong,please advice me,why....?

this is yash birla's company.no consult with kumarmangalam group.

Looks good, since belongs to Birla group. It can reach up to 35 Rs/ per share.

Issue is good or bad Plz guide

LOT SIZE IS OF 350 SHARES

is it adithya birla company

lot size batana