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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.
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.
| IPO Opening Date | Aug 27, 2009 |
| IPO Closing Date | Sep 1, 2009 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹70 to ₹75 per equity share |
| Market Lot | 90 Shares |
| Min Order Quantity | 90 Shares |
| Listing At | BSE, NSE |
| Issue Size | 11,250,000 Eq Shares of ₹10 (aggregating up to ₹84.38 Cr) |
The Jindal Cotex IPO market lot size is 90 shares. A retail-individual investor can apply for up to 29 lots (2610 shares or ₹195,750).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 90 | ₹6,750 |
| Maximum | 29 | 2610 | ₹195,750 |
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.
The Jindal Cotex IPO is subscribed 2.20 times on Sep 1, 2009 17:00. The public issue subscribed 3.09 in the retail category, 0.66 in the QIB category, and 5.93 in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 0.66 |
| NII | 5.93 |
| RII | 3.09 |
| Employee | 0.03 |
| Total | 2.20 |
| Listing Date | Tuesday, September 22, 2009 |
| BSE Script Code | 533103 |
| NSE Symbol | JINDCOT |
| Listing In | B Group of Securities |
| ISIN | INE904J01016 |
| IPO Price | ₹75 per equity share |
| Face Value | ₹10 per equity share |
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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
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com
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 equity 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 90 Shares.
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, Edelweiss, 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.
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Jindal cotex is rocking. I'm holding 180 shares with 53% profit as of today.