Birla Cotsyn (India) Limited IPO GMP Price, Date, Review Details – IPO Upcoming

The Birla Cotsyn IPO is a book-built offering worth Rs 144.18 crore. Bidding for the Birla Cotsyn IPO began on June 30, 2008 and finished on July 9, 2008. On July 30, 2008, the shares were listed on the BSE and NSE. The pricing range for Birla Cotsyn’s initial public offering (IPO) is set at $12 to $14 per share. An application requires a minimum lot size of 350 shares. Retail investors must make a minimum commitment of $4,900.

Fancy, Industrial Knitting, and Sewing Ring Spun Yarns in a variety of blends and counts ranging from NE 8s to 60s Birla has a large network in key textile centers throughout India, including Hilary, Indore, Mumbai, Surat, Ahemedabad, Solapur, Kanpur Meerut, Delhi, Amritsar, Ludhiana, Paniput, Ichalkaranji, Bhagalpur, and Calcutta. The company sells its products in Yemen and Turkey. Birla is the main supplier of 100% Viscose fancy yarn in Surat, Bhagalpur, and Calcutta, including Neps, Slubs, and Slub Neps.

A firm in Kanpur and Meerat sells P/V-dyed fancy yarn such as Vardhan Khadi and silky foundation. Birla primarily sells suiting yarn, P/V grey yarn, and dyed polypropylene yarn used in filter cloth at Bhilwara and Indore. 100% staple yarn, which is used in furnishing fabrics and home textiles, is sold in Amritsar, Ludhiana, and Paniput.

100% staple and P/V yarn, used in shoe lining fabric and beautiful decorative fabrics, is marketed in Delhi. Birla was the first company to offer P/V yarn in the Solapur market’s towel category. Birla Cotsyn sells its products through reputable agents with extensive networks in India and abroad in countries such as Yemen and Turkey.

Birla Cotsyn IPO Details

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

Birla Cotsyn IPO Lot Size

Application	Lots	Shares	Amount
Retail (Min)	1	350	₹4,900
Retail (Max)	40	14000	₹196,000

Birla Cotsyn Company Financials

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

Objects of the Issue (Birla Cotsyn IPO Objectives)

The objects of the issue are to achieve the benefits of listing on the stock exchanges and to raise capital to:

• Expansion Of Integrated Textile Project At Khamgoan And Malkapur;
• Set up a garment manufacturing plant;
• Establish retail outlets;
• General corporate purposes;
• Meeting the Public Issue Expenses

Birla Cotsyn IPO Listing Details

Listing Date	July 30, 2008
BSE Script Code	533006
NSE Symbol	BIRLACOT
ISIN	INE655I01024
Final Issue Price	₹14 per share

Birla Cotsyn Listing Day Trading Information

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

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