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

Jun 30, 2008 - Jul 9, 2008

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 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.)
  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

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 Details

Birla Cotsyn IPO Date Jun 30, 2008 to Jul 9, 2008
Birla Cotsyn IPO Face Value ₹10 per share
Birla Cotsyn IPO Price ₹12 to ₹14 per share
Birla Cotsyn IPO Lot Size 350 Shares
Issue Size102,982,729 shares of ₹10
(aggregating up to ₹144.18 Cr)
Issue Type Book Built Issue IPO
Listing At BSE, NSE

Birla Cotsyn IPO Lot Size

The Birla Cotsyn IPO lot size is 350 shares. A retail-individual investor can apply for up to 40 lots (14000 shares or ₹196,000).

Application Lots Shares Amount
Minimum 1 350 ₹4,900
Maximum 40 14000 ₹196,000

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 Subscription Status (Bidding Detail)

The Birla Cotsyn IPO is subscribed 1.11 times on Jul 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)

Birla Cotsyn IPO Prospectus

Birla Cotsyn IPO Rating

Rating:Rated 2.6 stars
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Birla Cotsyn IPO Listing Date

Listing Date Wednesday, July 30, 2008
BSE Script Code 533006
Listing In B Group of Securities
ISIN INE655I01024
IPO Price ₹14 per share
Face Value ₹10 per share

Listing Day Trading Information

IPO Price
Last Trade

Company Contact Information

Birla Cotsyn (India) Limited
Birla Cotsyn (India) Limited,
1st Floor, Dalamal House,
Nariman Point, Mumbai - 400021
Phone: + 91-22-66168400

Birla Cotsyn IPO Registrar

Adroit Corporate Services Pvt Ltd

Phone: 91- 22- 2859 6060/2859 4060

Birla Cotsyn IPO Review

Birla Cotsyn IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 0 1 2
Members 0 0 0

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IPO Broker Recommendations

  • Hem Securities - Avoid
  • Smart Investments Ltd - Avoid
  • SPA Financial Advisor Ltd - Neutral

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 Jun 30, 2008, and closes on Jul 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 Jun 30, 2008 and closes on Jul 9, 2008.

Birla Cotsyn IPO lot size is 350 Shares and the minimum order quantity is .

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, Edelweiss, 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 Wednesday, July 30, 2008.
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Birla Cotsyn IPO Message Board

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136. ramesh kumar |   Link |Nov 27, 2008 9:07:07 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 |Sep 22, 2008 4:37:51 PM
it will go to Rs 1 in near term
134. vipul |   Link |Sep 20, 2008 2:47:20 PM
I am having 250 shares @ 11.5 whai is it's future
133. KALPESH |   Link |Aug 2, 2008 12:53:54 PM
132. Sharelive |   Link |Jul 30, 2008 7:56:49 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 |Jul 30, 2008 7:50:09 PM
Tomorrow the prices will fall to Rs 8-8.50.
130. Radhe |   Link |Jul 30, 2008 10:47:08 AM
Sell on today if u alloted this shares
it will be close down arount 10.50 to 11.25
129. Deepak |   Link |Jul 30, 2008 10:03:53 AM
Sell right now or else enjoy 50% loss till today's closing .
128. Naveen |   Link |Jul 30, 2008 9:07:58 AM
Hohld this share, it will return good profit like Koutons and Provogue when Birla setup his own Retail.
127. JD's World |   Link |Jul 29, 2008 5:39:35 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 |Jul 29, 2008 4:29:48 PM
125. ajay Kumar |   Link |Jul 29, 2008 4:11:05 PM
this share will list 99-100
124. madhusudan |   Link |Jul 29, 2008 3:07:23 PM
can anyone tell which is the listing date
123. nithin.n. |   Link |Jul 29, 2008 10:39:03 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 |Jul 29, 2008 10:24:59 AM
I think Birla will list at 17-18
121. swarup |   Link |Jul 28, 2008 11:02:50 PM
its goodluck if market is hi,when birla will listing
120. ipo analysis |   Link |Jul 28, 2008 9:31:58 PM
yeh ipo sabko barbad kar dega kyo ki ye sirf 5 rs pe list hoga pakki news hai
119. saumil |   Link |Jul 28, 2008 5:56:49 PM
118. krunal a. patel |   Link |Jul 28, 2008 5:38:09 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 |Jul 28, 2008 4:36:56 PM
This will list at 20 and touch up to 26 or 28 then goes down