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Birla Cotsyn IPO is a book built issue of Rs 144.18 crores.
Birla Cotsyn IPO bidding started from June 30, 2008 and ended on July 9, 2008. The shares got listed on BSE, NSE on July 30, 2008.
Birla Cotsyn IPO price band is set at ₹12 to ₹14 per share. The minimum lot size for an application is 350 Shares. The minimum amount of investment required by retail investors is ₹4,900.
Allahabad Bank is the book running lead manager of the Birla Cotsyn IPO, while Adroit Corporate Services Pvt Ltd is the registrar for the issue.
Refer to Birla Cotsyn IPO RHP for detailed information.
| IPO Date | June 30, 2008 to July 9, 2008 |
| Listing Date | July 30, 2008 |
| Face Value | ₹10 per share |
| Price Band | ₹12 to ₹14 per share |
| Lot Size | 350 Shares |
| Total Issue Size | 102,982,729 shares (aggregating up to ₹144.18 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 13,618,080 |
| Share holding post issue | 116,600,809 |
Investors can bid for a minimum of 350 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 350 | ₹4,900 |
| Retail (Max) | 40 | 14000 | ₹196,000 |
| Lot Size Calculator | |||
| Share Holding Pre Issue | 100% |
| Share Holding Post Issue | 34.13% |
Incorporated in 1941, Birla Cotsyn (India) Limited promoted by Yash Birla group is engaged in cotton Ginning, Pressing & Oil expelling. After the acquisition of Assets of Khamgaon Syntex (I) Ltd at MIDC, company is also into manufacture of Synthetic yarn.
The Company produces high quality Synthetic, blended Ring Spun Yarns for usage in Woven and Knitted Fabrics, Textiles, Blankets, Towels, Upholstery, Furnishings, Curtains, Bed sheets, Made-up and Industrial Fabrics. Birla has excellent sales network in India and abroad for Grey and Dyed Solid Griddles, Fancy, Industrial Knitting and Sewing Ring Spun Yarns in various blends and count range from NE 8s to 60s.
Birla has got wide network through out India in major textile centers namely Hilary, Indore, Mumbai, Surat, Ahemedabad, Solapur, Kanpur Meerut, Delhi, Amritsar, Ludhiana,.Paniput, Ichalkaranji, Bhagalpur, Calcutta etc. Company exports its products to Yeman and Turkey. In Surat , Bhagalpur and Calcutta Birla is the leading Supplier of 100% Viscose fancy yarn.like Neps, Slubs, and Slub Neps. In Kanpur and Meerat company is selling P/V dyed fancy yarn like Vardhan Khadi and silky base. In Bhilwara and Indore Birla is selling mainly suiting yarn, P/V grey and dyed poly propelene yarn used in filter fabric. In Amritsar, Ludhiana, and Paniput, 100% staple yarn is being sold which is used in Furnishing Fabrics and home textiles. In Delhi, 100% staple and P/V yarn , used in shoe Lining fabric and fancy decorative fabrics is marketed. Birla was the first to introduce P/V yarn in the Towel segment of the Solapur market. Birla Cotsyn sells its products through reputed agents with strong net work in India and in overseas markets like Yeman and Turkey.
| Particulars | For the year/period ended (Amount in Rs.) | ||||
| 30-Jun-07 | 31-Mar-07 | 31-Mar-06 | 31-Mar-05 | 31-Mar-04 | |
| Total Income | 180,495,606 | 561,488,023 | 40,434,366 | 32,521,498 | 35,498,049 |
| Profit After Tax (PAT) | 7,928,634 | 25,697,403 | 2,716,032 | 546,514 | 1,198,652 |
| KPI | Values |
|---|---|
| RoNW | 8.18% |
The objects of the Issue are to achieve the benefits of listing on the Stock Exchanges & to raise capital to:
1. Expansion Of Integrated Textile Project At Khamgoan And Malkapur;
2. Set up a garment manufacturing plant;
3. Establish retail outlets;
4. General corporate purposes;
5. Meeting the Public Issue Expenses.
The Birla Cotsyn IPO is subscribed 1.11 times on July 9, 2008 5:00:00 PM. The public issue subscribed 0.92 times in the retail category, 0.01 times in the QIB category, and 5.75 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|
| Listing Date | July 30, 2008 |
| BSE Script Code | 533006 |
| NSE Symbol | BIRLACOT |
| ISIN | INE655I01024 |
| Final Issue Price | ₹14 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE |
|---|
| ₹14.00 |
| ₹14.70 |
| ₹8.55 |
| ₹17.50 |
| ₹9.20 |
| NSE |
|---|
| ₹14.00 |
| ₹14.90 |
| ₹8.75 |
| ₹14.90 |
| ₹9.45 |
Birla Cotsyn (India) Limited
Birla Cotsyn (India) Limited,
1st Floor, Dalamal House,
Nariman Point, Mumbai - 400021
Phone: + 91-22-66168400
Email: ipo@birlacotsyn.com
Website: http://www.birlacotsyn.com
Adroit Corporate Services Pvt Ltd
Phone: 91- 22- 2859 6060/2859 4060
Email: veenashetty@adroit1.com
Website: http://www.adroitcorporate.com
Birla Cotsyn IPO is a main-board IPO of 102,982,729 equity shares of the face value of ₹10 aggregating up to ₹144.18 Crores. The issue is priced at ₹12 to ₹14 per share. The minimum order quantity is 350 Shares.
The IPO opens on June 30, 2008, and closes on July 9, 2008.
Adroit Corporate Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The Birla Cotsyn IPO opens on June 30, 2008 and closes on July 9, 2008.
Birla Cotsyn IPO lot size is 350 Shares, and the minimum amount required is ₹4,900.
You can apply in Birla Cotsyn IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Birla Cotsyn IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Birla Cotsyn IPO allotment status.
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this is the right share for investing. (or cheap or defualter)