Bookbuilding IPO | ₹144 Cr | Listed at BSE, NSE | Mon, Jun 30, 2008 - Wed, Jul 9, 2008
Birla Cotsyn IPO is a book build issue of ₹144.18 crores. The issue is entirely a fresh issue of 10.30 crore shares of ₹144.18 crore.
Birla Cotsyn IPO bidding started from Jun 30, 2008 and ended on Jul 9, 2008. The shares got listed on BSE, NSE on Jul 30, 2008.
Birla Cotsyn IPO price band is set at ₹14 per share. The lot size for an application is 350. The minimum amount of investment required by an retail is ₹4,900 (350 shares) (based on upper price). The lot size investment for sNII is 41 lots (14,350 shares), amounting to ₹2,00,900, and for bNII, it is 205 lots (71,750 shares), amounting to ₹10,04,500.
The issue includes a reservation of up to 51,78,571 shares for employees offered at a discount of ₹0.00 to the issue price.
Allahabad Bank is the book running lead manager and Adroit Corporate Services Pvt.Ltd. is the registrar of the issue.
Refer to Birla Cotsyn IPO RHP for detailed Information.
IPO Open
Mon, Jun 30, 2008
IPO Close
Wed, Jul 9, 2008
Issue Price
₹14 per share
Market Cap (Pre-IPO)
₹163.24 Cr
| IPO Date | 30 Jun to 9 Jul, 2008 |
| Listed on | Wed, Jul 30, 2008 |
| Face Value | ₹10 per share |
| Price Band | ₹12 to ₹14 |
| Issue Price | ₹14 per share |
| Lot Size | 350 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 10,29,82,730 shares (agg. up to ₹144 Cr) |
| Reserved for Private Promoter | 2,61,75,587 shares (agg. up to ₹37 Cr) |
| Fresh Issue | 7,68,07,143 shares (agg. up to ₹108 Cr) |
| Net Offered to Public | 7,68,07,143 shares (agg. up to ₹108 Cr) |
| Share Holding Pre Issue | 1,36,18,080 shares |
| Share Holding Post Issue | 11,66,00,809 shares |
| BSE Script Code / NSE Symbol | 533006 / BIRLACOT |
| ISIN | INE655I01024 |
Birla Cotsyn IPO comprises a total issue size of 7,68,07,142 shares. The net offer to the public is 4,54,52,984 shares, after excluding 2,61,75,587 shares allotted on a firm basis and 51,78,571 shares under a preferential allotment. Of the Net offer 3,58,14,285 (50.00%) are allocated to QIB, 1,07,44,286 (15.00%) allocated to NII 2,50,70,000 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue | Max Allottees |
|---|---|---|---|---|
| QIB Shares Offered | 3,58,14,285 | 50.00% | 46.63% | NA |
| NII (HNI) Shares Offered | 1,07,44,286 | 15.00% | 13.99% | NA |
| Retail Shares Offered | 2,50,70,000 | 35.00% | 32.64% | 71,628 |
| Preferential Reservations | ||||
| Employee Shares Offered | 51,78,571 | 6.74% | NA | |
| Firm Reservations | ||||
| Private Promoter Shares Offered | 2,61,75,587 | 34.08% | NA | |
| Total Shares Offered | 7,68,07,142 | 100.00% | 100.00% | |
Investors can bid for a minimum of 350 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 350 | ₹4,900 |
| Retail (Max) | 40 | 14,000 | ₹1,96,000 |
| S-HNI (Min) | 41 | 14,350 | ₹2,00,900 |
| S-HNI (Max) | 204 | 71,400 | ₹9,99,600 |
| B-HNI (Min) | 205 | 71,750 | ₹10,04,500 |
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Only RII | Up to Rs 2 Lakhs | Yes |
| Only sNII | Rs 2 Lakhs to Rs 10 Lakhs | No |
| Only bNII | Rs 10 Lakhs to NII Reservation Portion | No |
| Only employee | Yes | |
| Employee + RII/NII |
|
Yes for Employee and RII/NII |
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.
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Expansion of integrated textile project at Khamgoan and Malkapur | 289.19 |
| 2 | Setting up of up a garment manufacturing plant | 25.21 |
| 3 | Establishing Retail outlets | 5.80 |
| KPI | |
|---|---|
| RoNW | 8.18% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 100% | 34.13% |
| Market Cap | ₹163.24 Cr. |
The Birla Cotsyn IPO is subscribed 1.11 times on July 9, 2008 5:00:00 PM (Day 8). 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) | Shares Offered | Shares bid for |
|---|
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Book Running Lead Managers’ fees, Underwriting commission & selling commission | 3.50 |
| 2 | Registrars fees | 0.15 |
| 3 | Legal Advisor’s fees | 0.20 |
| 4 | Advertisement and Marketing expenses | 3.00 |
| 5 | Stock Exchange fees for providing bidding terminals | 0.17 |
| 6 | SEBI fees on filing of Offer Document | 0.14 |
| 7 | Other Miscellaneous expenses (Auditors fees, Listing Fees, etc) | 2.50 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹14.00 | ₹14.00 |
| Open | ₹14.70 | ₹14.90 |
| Low | ₹8.55 | ₹8.75 |
| High | ₹17.50 | ₹14.90 |
| Last Trade | ₹9.20 | ₹9.45 |
Adroit Corporate Services Pvt.Ltd.
Lead Manager Reports
Birla Cotsyn IPO is a main-board IPO of 10,29,82,730 equity shares of the face value of ₹10 aggregating up to ₹144 Crores. The issue is priced at ₹14 per share. The minimum order quantity is 350.
The IPO opens on Mon, Jun 30, 2008, and closes on Wed, Jul 9, 2008.
Adroit Corporate Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Birla Cotsyn IPO using UPI as a payment gateway. Zerodha customers can apply in Birla Cotsyn IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Birla Cotsyn IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Birla Cotsyn IPO opens on Mon, Jun 30, 2008 and closes on Wed, Jul 9, 2008.
Birla Cotsyn IPO lot size is 350, and the minimum amount required for application is ₹4,900.
You can apply in Birla Cotsyn IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, 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.
The Birla Cotsyn IPO listing date is on Wed, Jul 30, 2008.
