Jindal Cotex Limited IPO (Jindal Cotex IPO) Detail

Aug 27, 2009 - Sep 1, 2009

Incorporated in 1998, Jindal Cotex Limited is in the business of manufacturing of Acrylic, Polyester, and Polyester-Viscose, Polyester Cotton, combed and carded yarns, which are appropriate for apparels, suitings & knitted fabrics.

Jindal Cotex has installed capacity of 23,472 spindles for acrylic, cotton blended and polyester yarns. Company manufacture and sell yarns under the trade name 'JINDAL'.

Jindal Cotex has also installed and commissioned a Suzlon make Wind Electric Generator (Wind Mill) of 1250 KW capacity at Pithla-Satta-Gorera in Distt. Jaisalmer, Rajasthan. The entire power generated through this wind mill will be sold to Ajmer Vidyut Vitran Nigam Limited.

Jindal Cotex IPO Details

IPO Date Aug 27, 2009 to Sep 1, 2009
Listing Date Sep 22, 2009
Face Value ₹10 per share
Price ₹70 to ₹75 per share
Lot Size 90 Shares
Total Issue Size11,250,000 shares
(aggregating up to ₹84.38 Cr)
Issue Type Book Built Issue IPO
Listing At BSE, NSE

Jindal Cotex IPO Reservation

QIB Shares Offered5,375,000 (47.78%)
NII (HNI) Shares Offered1,612,500 (14.33%)
Retail Shares Offered3,762,500 (33.44%)
Total Shares Offered11,250,000

Jindal Cotex IPO Lot Size

The Jindal Cotex IPO lot size is 90 shares.

Application Lots Shares Amount
Retail (Min) 1 90 ₹6,750
Retail (Max) 29 2610 ₹195,750
Lot Size Calculator

Jindal Cotex IPO Subscription Status (Bidding Detail)

The Jindal Cotex IPO is subscribed 2.20 times on Sep 1, 2009 5:00:00 PM. The public issue subscribed 3.09 times in the retail category, 0.66 times in the QIB category, and 5.93 times in the NII category. Check Day by Day Subscription Details (Live Status)

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Jindal Cotex Limited IPO Grading / Rating

Brickwork has assigned an IPO Grade 3 to Adani Power Limited IPO. This means as per Brickwork, company has average fundamentals. Brickwork assigns IPO gradings on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals..Link to download ICRA rating document.

Objects of the Issue

The objects of the Issue are to achieve the benefits of listing on the Stock Exchanges & to raise capital:
1. Setting up a new facility for manufacturing of Cotton Yarn, Yarn Dyeing and Garments;
2. Investment in Subsidiaries - Jindal Medicot Limited and Jindal Specialty Limited.

Jindal Cotex IPO Prospectus

Jindal Cotex IPO Rating

Rating:Rated 3.0 stars
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Jindal Cotex IPO Listing Details

Listing Date Sep 22, 2009
BSE Script Code 533103
ISIN INE904J01016
Final Issue Price ₹75 per share

Pre-Open Session - NSE

Listing Day Trading Information

Price Details
Final Issue Price
Last Trade

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Company Contact Information

Jindal Cotex Limited
Jindal Cotex Limited
V.P.O. Jugiana
G. T. Road, Ludhiana - 141 420, Punjab, India
Phone: 91-161-2511840 / 41 / 42
Email: ipo@jindalcotex.com
Website: http://www.jindalcotex.com

Jindal Cotex IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://www.bigshareonline.com/

Jindal Cotex IPO Analysis

Jindal Cotex IPO Recommendation Summary

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Brokers 0 0 3
Members 0 0 0

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Jindal Cotex IPO FAQs

Jindal Cotex IPO is a main-board IPO of 11,250,000 equity shares of the face value of ₹10 aggregating up to ₹84.38 Crores. The issue is priced at ₹70 to ₹75 per share. The minimum order quantity is 90 Shares.

The IPO opens on Aug 27, 2009, and closes on Sep 1, 2009.

Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

The Jindal Cotex IPO opens on Aug 27, 2009 and closes on Sep 1, 2009.

Jindal Cotex IPO lot size is 90 Shares and the minimum order quantity is .

You can apply in Jindal Cotex 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 Jindal Cotex IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Jindal Cotex IPO allotment status.

The Jindal Cotex IPO listing date is on Sep 22, 2009.
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Jindal Cotex IPO Message Board

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225. Rags |   Link |Dec 1, 2009 11:48:41 AM

Jindal cotex is rocking. I'm holding 180 shares with 53% profit as of today.

224. KPN |   Link |Oct 24, 2009 11:39:26 PM
If Jindal cotex holds above Rs.90.00 for 3 days,It will be the best buy.. Target is Rs.170 in 1 month.
223. Rama |   Link |Sep 26, 2009 2:38:21 PM
EXIT completely from Jindal cotex
222. rama |   Link |Sep 23, 2009 11:05:08 AM
Sell Jindal. This is NOT a stock to invest and makje money
221. Ram |   Link |Sep 23, 2009 9:50:34 AM
I really pity the investors who are buying Jindal Cotex in secondary markets. Many of them are highly speculating and hoping that it will go to 100 or 120 and buying but they all will get trapped soon.

Yesterday only 10% of delivery in this stock has taken place which gives the kind of speculation in this stock.
220. Rajesh |   Link |Sep 22, 2009 3:26:29 PM
"g": I agree with you. When a company from not so dynamic sector(textiles) and having not a graet balance sheet can give u 20% listing gains then why not Globus can surge 100% on its listing. It seems that it will be give joy-ride to its investors tomorrow...
219. Ravi, Bangalore |   Link |Sep 22, 2009 3:17:33 PM
Short-term investors can hold as long as this holds issue price of Rs.70 - 75.

When it closes the day <70, EXIT.

Long-term has no reason to buy as it is worth around Rs.30 - 35.
218. Rajesh |   Link |Sep 22, 2009 12:12:19 PM
After looking at this listing, it seems that Globus will have an outstanding listing. One may expect 50% gains on the listing day.
217. rama |   Link |Sep 22, 2009 11:48:33 AM
Sold 90 shares of jindal cotex at Rs 84
216. SUBHASH GUPTA |   Link |Sep 22, 2009 10:49:04 AM
215. peeyuush |   Link |Sep 22, 2009 10:34:35 AM
IPO did not find favor with biggies like QIBs.
Moderate over subscription.
But look at the listing gains.
Never went below offer price.
Steady at 84/85, which is more than 10%.
Adani,NHPC never behaved like this.
Is there any lesson in it.
Stock prices are rigged,manipulated by big share brokers of Mumbai.
It is not fundamentals at play.
Low floating stock.Easy to rig and take it up.Have a ball.
214. Big Bull |   Link |Sep 22, 2009 10:30:03 AM
Still trading at 83-84 Rs. & Giving a cool return of 5-6 per cent on application money .... Rone wale rote rahe kamane wale kama gaya
213. Father OF BIGBUULL |   Link |Sep 22, 2009 9:50:57 AM
Easy Way to earn money in this type of IPO is "Just Short Huge Quantity on Listing Day"
212. alok |   Link |Sep 21, 2009 11:25:40 PM
lets see frnds, sumtime unexpected companies give huge results
211. anurag sinha |   Link |Sep 21, 2009 8:49:14 PM
It will open at 80 Rs for few seconds.

Go down to 60 and close around 40 to 50 levels.
210. Raj |   Link |Sep 21, 2009 8:31:53 PM
Are BigBull,

ha ha ha ha. Dream of 120 to 140.

Just Watch tomorrow. You will know the power of Jindal Bulls tomorrow.It will be Power on,India gone case. If it lists anthing above IPO price by any chance, then sell immediately else please book huge loss later.

Be ready to sell in loss. It will happen if you take too much risk by investing in faltoo companies.

209. sonpal |   Link |Sep 20, 2009 1:02:36 PM
listing at Rs. 456/
208. sume |   Link |Sep 20, 2009 12:09:31 PM
Listing at around Rs 93.
207. alpesh jadav |   Link |Sep 19, 2009 6:55:00 PM
listing around 85 sure
206. shareking |   Link |Sep 19, 2009 11:00:04 AM
pahle din se hi undercutting khulega 25 pe consolidate hoga