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Birla Cotsyn (India) Limited IPO (Birla Cotsyn IPO) Detail

June 30, 2008 - July 9, 2008

Birla Cotsyn IPO is a book built issue of Rs 144.18 crores.

Birla Cotsyn IPO bidding started from June 30, 2008 and ended on July 9, 2008. The shares got listed on BSE, NSE on July 30, 2008.

Birla Cotsyn IPO price band is set at ₹12 to ₹14 per share. The minimum lot size for an application is 350 Shares. The minimum amount of investment required by retail investors is ₹4,900.

Allahabad Bank is the book running lead manager of the Birla Cotsyn IPO, while Adroit Corporate Services Pvt Ltd is the registrar for the issue.

Refer to Birla Cotsyn IPO RHP for detailed information.

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 Size102,982,729 shares
(aggregating up to ₹144.18 Cr)
Issue Type Book Built Issue IPO
Listing At BSE, NSE

Birla Cotsyn IPO Lot Size

Investors can bid for a minimum of 350 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

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

About Birla Cotsyn (India) Limited

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.

Company Financials

ParticularsFor the year/period ended (Amount in Rs.)
  30-Jun-0731-Mar-0731-Mar-0631-Mar-0531-Mar-04
  Total Income180,495,606561,488,02340,434,36632,521,49835,498,049
  Profit After Tax (PAT)7,928,63425,697,4032,716,032546,5141,198,652

Objects of the Issue (Birla Cotsyn IPO Objectives)

The objects of the Issue are to achieve the benefits of listing on the Stock Exchanges & to raise capital to:
1. Expansion Of Integrated Textile Project At Khamgoan And Malkapur;
2. Set up a garment manufacturing plant;
3. Establish retail outlets;
4. General corporate purposes;
5. Meeting the Public Issue Expenses.


Birla Cotsyn IPO Subscription Status (Bidding Detail)

The Birla Cotsyn IPO is subscribed 1.11 times on July 9, 2008 5:00:00 PM. 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)

CategorySubscription (times)

IPO Notices

External Link
Birla Cotsyn (India) Limited IPO - Revised the price band & Closing date Date posted: 4 July 2008 Book Running Lead Manager to the issue has informed the Exchange that the Book Building issue of Birla Cotsyn (India) Limited will close on Jul 09, 2008 instead of the earlier closing day on Jul 04, 2008. Further price band has revised from Rs 15/- to Rs 18/- per share to Rs 12/- to Rs 14/- per share.

Birla Cotsyn IPO Prospectus

Birla Cotsyn IPO Rating

277
2.6
Rating:Rated 2.6 stars
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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

Pre-Open Session - NSE Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Open
Low
High
Last Trade
BSE
₹14.00
₹14.70
₹8.55
₹17.50
₹9.20
NSE
₹14.00
₹14.90
₹8.75
₹14.90
₹9.45

Check IPO Performance…

Birla Cotsyn (India) Limited Contact Details

Birla Cotsyn (India) Limited
Birla Cotsyn (India) Limited,
1st Floor, Dalamal House,
Nariman Point, Mumbai - 400021
Phone: + 91-22-66168400
Email: ipo@birlacotsyn.com
Website: http://www.birlacotsyn.com

Birla Cotsyn IPO Registrar

Adroit Corporate Services Pvt Ltd

Phone: 91- 22- 2859 6060/2859 4060
Email: veenashetty@adroit1.com
Website: http://www.adroitcorporate.com

Birla Cotsyn IPO - Buy or Not

Birla Cotsyn IPO Recommendation Summary

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Members 0 0 0

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Birla Cotsyn IPO FAQs

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.

The Birla Cotsyn IPO opens on June 30, 2008 and closes on July 9, 2008.

Birla Cotsyn IPO lot size is 350 Shares, and the minimum amount required is ₹4,900.

You can apply in Birla Cotsyn IPO online using either UPI or ASBA as 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 apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, 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 July 30, 2008.
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Birla Cotsyn IPO Message Board

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136 Comments

136. ramesh kumar |   Link |  Bookmark |November 27, 2008 10:07:07 AM
plz tell me, what is the future of birla cotsyn share.
this is the right share for investing. (or cheap or defualter)
135. rk |   Link |  Bookmark |September 22, 2008 5:37:51 PM
it will go to Rs 1 in near term
134. vipul |   Link |  Bookmark |September 20, 2008 3:47:20 PM
I am having 250 shares @ 11.5 whai is it's future
133. KALPESH |   Link |  Bookmark |August 2, 2008 1:53:54 PM
HI DEAR HAVE KOI IPO NAHI BHARVA NO OK
132. Sharelive |   Link |  Bookmark |July 30, 2008 8:56:49 PM
Greedy Peoples dont learn lesson ..Until these kind of peoples arround many IPO will come and eat money..
Anyway Enjoy the loss... and Keep loss in all upcoming IPO's
131. UFO |   Link |  Bookmark |July 30, 2008 8:50:09 PM
Tomorrow the prices will fall to Rs 8-8.50.
130. Radhe |   Link |  Bookmark |July 30, 2008 11:47:08 AM
Sell on today if u alloted this shares
it will be close down arount 10.50 to 11.25
129. Deepak |   Link |  Bookmark |July 30, 2008 11:03:53 AM
Sell right now or else enjoy 50% loss till today's closing .
128. Naveen |   Link |  Bookmark |July 30, 2008 10:07:58 AM
Hohld this share, it will return good profit like Koutons and Provogue when Birla setup his own Retail.
127. JD's World |   Link |  Bookmark |July 29, 2008 6:39:35 PM
Birla's listing depends on Market situation. If market will be in green then it will give full profit. pray..........
126. JATIN THAKKAR |   Link |  Bookmark |July 29, 2008 5:29:48 PM
BIRLA LISTING 7-8
125. ajay Kumar |   Link |  Bookmark |July 29, 2008 5:11:05 PM
this share will list 99-100
124. madhusudan |   Link |  Bookmark |July 29, 2008 4:07:23 PM
can anyone tell which is the listing date
123. nithin.n. |   Link |  Bookmark |July 29, 2008 11:39:03 AM
Hi, I discussed the technicals and the future plans of the company that were tablled for us. the listing will surely give premium, and is likely to list at 18 Rs, which was its past issue price. 18 Rs itself was a fair price, but subscription got hampered coz of bad market sentiment, loss of cotton production due to bad rainfall and also becuase of speculations, this issue is very good for midium term perspective as company is well established and its front runners have got excellent brains !!!
listing price -
atmost 35 Rs
atleast 15 Rs
122. HARISH |   Link |  Bookmark |July 29, 2008 11:24:59 AM
I think Birla will list at 17-18
121. swarup |   Link |  Bookmark |July 29, 2008 12:02:50 AM
its goodluck if market is hi,when birla will listing
120. ipo analysis |   Link |  Bookmark |July 28, 2008 10:31:58 PM
yeh ipo sabko barbad kar dega kyo ki ye sirf 5 rs pe list hoga pakki news hai
119. saumil |   Link |  Bookmark |July 28, 2008 6:56:49 PM
BIRLA COTSYN IPO LISTING IS A RS-15 TO 16
118. krunal a. patel |   Link |  Bookmark |July 28, 2008 6:38:09 PM
hello mere pyare barbad bhaiyao fikar mat kro apne ye issue agar apply kiya hoga to listing ke din 52 to 75 listing hogi agar nahi huyi to after one month uska rate 125 hoga apko dharaine profit hoga ok baccho so jao aur muje reply karo ok good byeeee god bless u my all sweet dear n partner
117. madhav |   Link |  Bookmark |July 28, 2008 5:36:56 PM
This will list at 20 and touch up to 26 or 28 then goes down