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Jindal Cotex IPO is a book build issue of ₹93.43 crores. The issue is entirely a fresh issue of 1.25 crore shares of ₹93.43 crore.
Jindal Cotex IPO bidding started from Aug 27, 2009 and ended on Sep 1, 2009. The shares got listed on BSE, NSE on Sep 22, 2009.
Jindal Cotex IPO price band is set at ₹75.00 per share . The lot size for an application is 90. The minimum amount of investment required by an retail is ₹6,300 (90 shares). The lot size investment for sNII is 30 lots (2,700 shares), amounting to ₹2,02,500, and for bNII, it is 149 lots (13,410 shares), amounting to ₹10,05,750.
The issue includes a reservation of up to 5,00,000 shares for employees offered at a discount of ₹0.00 to the issue price.
Saffron Capital Advisors Pvt.Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of 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 |
| Issue Price Band | ₹70 to ₹75 per share |
| Issue Price Final | ₹75 per share |
| Lot Size | 90 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 1,24,57,034 shares (aggregating up to ₹93.43 Cr) |
| Reserved for Private Promoter | 12,03,894 shares (aggregating up to ₹9 Cr) |
| Net Offered to Public | 1,12,53,140 shares (aggregating up to ₹84.40 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 1,25,46,106 shares |
| Share Holding Post Issue | 2,50,00,000 shares |
Jindal Cotex IPO offers total 1,12,50,000 shares. Out of which 53,75,000 (47.78%) allocated to QIB, 16,12,500 (14.33%) allocated to NII, 37,62,500 (33.44%) allocated to RII.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 53,75,000 (47.78%) | NA |
| NII (HNI) Shares Offered | 16,12,500 (14.33%) | NA |
| Retail Shares Offered | 37,62,500 (33.44%) | 41,805 |
| Employee Shares Offered | 5,00,000 (4.44%) | NA |
| Total Shares Offered | 1,12,50,000 (100.00%) |
| 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 |
Jindal Cotex IPO opens on August 27, 2009, and closes on September 1, 2009.
| IPO Open Date | Thu, Aug 27, 2009 |
| IPO Close Date | Tue, Sep 1, 2009 |
| Tentative Listing Date | Tue, Sep 22, 2009 |
| Cut-off time for UPI mandate confirmation | 5 PM on Tue, Sep 1, 2009 |
Investors can bid for a minimum of 90 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 90 | ₹6,750 |
| Retail (Max) | 29 | 2,610 | ₹1,95,750 |
| S-HNI (Min) | 30 | 2,700 | ₹2,02,500 |
| S-HNI (Max) | 148 | 13,320 | ₹9,99,000 |
| B-HNI (Min) | 149 | 13,410 | ₹10,05,750 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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 Company Jindal Cotex IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (in Millions) |
|---|---|---|
| 1 | Setting up a new facility for manufacturing of Cotton Yarn, Yarn Dyeing and Garments | 1,347.92 |
| 2 | Investment in wholly owned subsidiary, Jindal Medicot Limited | 300.08 |
| 3 | Investment in wholly owned subsidiary, Jindal Specialty Textiles Limited | 510.12 |
| 4 | Public Issue Expenses | 79.13 |
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 |
| BSE Listing Group | B |
Jindal Cotex Ltd.
Jindal Cotex Limited
V.P.O. Jugiana
G. T. Road, Ludhiana - 141 420, Punjab, India
Ludhiana, Punjab
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 1,24,57,034 equity shares of the face value of ₹10 aggregating up to ₹93.43 Crores. The issue is priced at ₹75 per share. The minimum order quantity is 90.
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.
Zerodha customers can apply online in Jindal Cotex IPO using UPI as a payment gateway. Zerodha customers can apply in Jindal Cotex IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Jindal Cotex IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Jindal Cotex IPO opens on August 27, 2009 and closes on September 1, 2009.
Jindal Cotex IPO lot size is 90, and the minimum amount required for application is ₹6,750.
You can apply in Jindal Cotex 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 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.
The Jindal Cotex IPO listing date is on Tuesday, September 22, 2009.
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