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.
Birla Cotsyn (India) Limited is a cotton ginning, pressing, and oil extraction enterprise formed in 1941 by the Yash Birla group. Following the acquisition of Khamgaon Syntex (I) Ltd. assets at MIDC, the company now manufactures synthetic yarn. The company manufactures high-quality synthetic, blended Ring Spun Yarns for use in woven and knitted fabrics, textiles, blankets, towels, upholstery, furnishings, curtains, bed sheets, made-up fabrics, and industrial fabrics. Birla has a strong sales network in India and worldwide for Grey and Dyed Solid griddles.
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
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|
|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|
|Final Issue Price||₹14 per share|
Birla Cotsyn Listing Day Trading Information
|Final Issue Price||₹14.00||₹14.00|
Birla Cotsyn IPO FAQs:
Q1. What is Birla Cotsyn IPO?
Ans. 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.
Q2. When Birla Cotsyn IPO will open?
Ans. The Birla Cotsyn IPO opens on June 30, 2008 and closes on July 9, 2008.
Q3. What is the lot size of Birla Cotsyn IPO?
Ans. Birla Cotsyn IPO lot size is 350 Shares, and the minimum amount required is ₹4,900
Q4. When is Birla Cotsyn IPO allotment?
Ans. 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 [.].
Q5. When is Birla Cotsyn IPO listing date?
Ans. The Birla Cotsyn IPO listing date is on July 30, 2008.