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Jindal Cotex IPO is a book built issue of Rs 84.38 crores.
Jindal Cotex IPO bidding started from August 27, 2009 and ended on September 1, 2009. The shares got listed on BSE, NSE on September 22, 2009.
Jindal Cotex IPO price band is set at ₹70 to ₹75 per share. The minimum lot size for an application is 90 Shares. The minimum amount of investment required by retail investors is ₹6,750.
Saffron Capital Advisors Private Limited is the book running lead manager of the Jindal Cotex IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.
Refer to Jindal Cotex IPO RHP for detailed information.
| IPO Date | August 27, 2009 to September 1, 2009 |
| Listing Date | September 22, 2009 |
| Face Value | ₹10 per share |
| Price Band | ₹70 to ₹75 per share |
| Lot Size | 90 Shares |
| Total Issue Size | 11,250,000 shares (aggregating up to ₹84.38 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 12,546,106 |
| Share holding post issue | 25,000,000 |
Jindal Cotex IPO offers 11,250,000 shares. 5,375,000 (47.78%) to QIB, 1,612,500 (14.33%) to NII, 3,762,500 (33.44%) to RII, 500,000 (4.44%) to employees. 41,805 RIIs will receive minimum 90 shares and (sNII) and (bNII) will receive minimum 2,700 shares. (in case of oversubscription)
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | - | NA |
| QIB Shares Offered | 5,375,000 (47.78%) | NA |
| NII (HNI) Shares Offered | 1,612,500 (14.33%) | |
| Retail Shares Offered | 3,762,500 (33.44%) | 41,805 |
| Employee Shares Offered | 500,000 (4.44%) | NA |
| Total Shares Offered | 11,250,000 (100%) |
Investors can bid for a minimum of 90 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 | 90 | ₹6,750 |
| Retail (Max) | 29 | 2610 | ₹195,750 |
| Lot Size Calculator | |||
| Share Holding Pre Issue | 100% |
| Share Holding Post Issue | 55% |
Incorporated in 1998, Jindal Cotex Limited is in the business of manufacturing of Acrylic, Polyester, and Polyester-Viscose, Polyester Cotton, combed and carded yarns, which are appropriate for apparels, suitings & knitted fabrics.
Jindal Cotex has installed capacity of 23,472 spindles for acrylic, cotton blended and polyester yarns. Company manufacture and sell yarns under the trade name 'JINDAL'.
Jindal Cotex has also installed and commissioned a Suzlon make Wind Electric Generator (Wind Mill) of 1250 KW capacity at Pithla-Satta-Gorera in Distt. Jaisalmer, Rajasthan. The entire power generated through this wind mill will be sold to Ajmer Vidyut Vitran Nigam Limited.
| KPI | Values |
|---|---|
| RoNW | 15.91% |
The objects of the Issue are to achieve the benefits of listing on the Stock Exchanges & to raise capital:
1. Setting up a new facility for manufacturing of Cotton Yarn, Yarn Dyeing and Garments;
2. Investment in Subsidiaries - Jindal Medicot Limited and Jindal Specialty Limited.
The Jindal Cotex IPO is subscribed 2.20 times on September 1, 2009 5:00:00 PM. The public issue subscribed 3.09 times in the retail category, 0.66 times in the QIB category, and 5.93 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 0.66 |
| NII | 5.93 |
| Retail | 3.09 |
| Employee | 0.03 |
| Total | 2.20 |
Brickwork has assigned an IPO Grade 3 to Adani Power Limited IPO. This means as per Brickwork, company has average fundamentals. Brickwork assigns IPO gradings on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals..Link to download ICRA rating document.
| Listing Date | September 22, 2009 |
| BSE Script Code | 533103 |
| NSE Symbol | JINDCOT |
| ISIN | INE904J01016 |
| Final Issue Price | ₹75 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE |
|---|
| ₹75.00 |
| ₹75.00 |
| ₹75.00 |
| ₹93.45 |
| ₹87.25 |
| NSE |
|---|
| ₹75.00 |
| ₹77.00 |
| ₹76.10 |
| ₹93.50 |
| ₹87.30 |
Jindal Cotex Limited
Jindal Cotex Limited
V.P.O. Jugiana
G. T. Road, Ludhiana - 141 420, Punjab, India
Phone: 91-161-2511840 / 41 / 42
Email: ipo@jindalcotex.com
Website: http://www.jindalcotex.com
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
Jindal Cotex IPO is a main-board IPO of 11,250,000 equity shares of the face value of ₹10 aggregating up to ₹84.38 Crores. The issue is priced at ₹70 to ₹75 per share. The minimum order quantity is 90 Shares.
The IPO opens on August 27, 2009, and closes on September 1, 2009.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The Jindal Cotex IPO opens on August 27, 2009 and closes on September 1, 2009.
Jindal Cotex IPO lot size is 90 Shares, and the minimum amount required is ₹6,750.
You can apply in Jindal Cotex 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 Jindal Cotex IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Jindal Cotex IPO allotment status.
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Jindal cotex is rocking. I'm holding 180 shares with 53% profit as of today.