1 Issue Open August 27, 2009.
1 Issue close September 01, 2009.
1 Public Issue Type 100% Book Built Issue.
1 Public Issue Size 1,24,53,894 Equity Shares of Rs. 10/-
1 Face Value Rs. 10/-
1 Public Issue Price Rs 70/- to Rs 75/-
1 Maximum Subscription
Amountfor Retail Investor Rs 100,000/-
1 Listing BSE, NSE
1 Lead Manager Saffron Capital Advisors Private Limited.
1 Registrar Bigshare Services Private Limited Ph:+91-22-28470652
1 Email ipo@bigshareonline.com
Background
Jindal Cotex Limited (JCL) offers 12,453,894 (about 12 million) Shares Face Value Rs. 10/- each, representing 49.81% of post issue equity. The present issue is being made to raise the funds for setting up a new facility for manufacturing of Cotton Yarn, Yarn Dyeing and Garments and to invest in Subsidiaries Jindal Medicot Limited and Jindal Specialty Textiles Limited. The company has not contemplated to use the proceeds to repay the bank loans.
Company profile
Jindal Cotex Limited (JCL) based in Ludhiana, Punjab, incorporated in 1998 has been promoted by Mr. Sandeep Jindal, Yash Paul Jindal, Rajinder Jindal and Ramesh Jindal. JCL is an ISO 9001:2000 certified company engaged in the business of manufacturing of Acrylic, Polyester, and Polyester-Viscose, Polyester Cotton, combed and carded yarns used in apparels, suitings & knitted fabrics. It has an installed capacity of 23,472 spindles for acrylic, cotton blended and polyester yarns with a manufacturing capacity of 6500 TPA. JCL manufactures and sells yarns under the trade name ‘JINDAL’. In addition, the company has installed and commissioned Wind Electric Generator (Wind Mill) of 1250KW capacity at Pithla-Satta-Gorera in the state of Rajasthan.
1 Issue close September 01, 2009.
1 Public Issue Type 100% Book Built Issue.
1 Public Issue Size 1,24,53,894 Equity Shares of Rs. 10/-
1 Face Value Rs. 10/-
1 Public Issue Price Rs 70/- to Rs 75/-
1 Maximum Subscription
Amountfor Retail Investor Rs 100,000/-
1 Listing BSE, NSE
1 Lead Manager Saffron Capital Advisors Private Limited.
1 Registrar Bigshare Services Private Limited Ph:+91-22-28470652
1 Email ipo@bigshareonline.com
Background
Jindal Cotex Limited (JCL) offers 12,453,894 (about 12 million) Shares Face Value Rs. 10/- each, representing 49.81% of post issue equity. The present issue is being made to raise the funds for setting up a new facility for manufacturing of Cotton Yarn, Yarn Dyeing and Garments and to invest in Subsidiaries Jindal Medicot Limited and Jindal Specialty Textiles Limited. The company has not contemplated to use the proceeds to repay the bank loans.
Company profile
Jindal Cotex Limited (JCL) based in Ludhiana, Punjab, incorporated in 1998 has been promoted by Mr. Sandeep Jindal, Yash Paul Jindal, Rajinder Jindal and Ramesh Jindal. JCL is an ISO 9001:2000 certified company engaged in the business of manufacturing of Acrylic, Polyester, and Polyester-Viscose, Polyester Cotton, combed and carded yarns used in apparels, suitings & knitted fabrics. It has an installed capacity of 23,472 spindles for acrylic, cotton blended and polyester yarns with a manufacturing capacity of 6500 TPA. JCL manufactures and sells yarns under the trade name ‘JINDAL’. In addition, the company has installed and commissioned Wind Electric Generator (Wind Mill) of 1250KW capacity at Pithla-Satta-Gorera in the state of Rajasthan.
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