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.

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 Details

IPO Date	Aug 27, 2009 - Sep 1, 2009
Issue Type	Book Built Issue IPO
Issue Size	11,250,000 Eq Shares of ₹10 (aggregating up to ₹84.38 Cr)
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

Jindal Cotex IPO Lot Size and Price (Retail)

Application	Lots	Shares	Amount (Cut-off)
Minimum	1	90	₹6,750
Maximum	29	2610	₹195,750

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.

Jindal Cotex IPO Subscription Status (Bidding Detail)

Jindal Cotex IPO how much subscribed?
	No. of Times Issue Subscribed (BSE + NSE)
As on Date & Time	QIB	NII	RII	Employee	Total
Shares Offered	5,375,000	1,612,500	3,762,500	500,000	11,250,000
Sep 1, 2009 17:00	0.66x	5.93x	3.09x	0.03x	2.20x

Jindal Cotex IPO Prospectus

› Jindal Cotex IPO DRHP
› Jindal Cotex IPO RHP
› Jindal Cotex IPO Application Form Download

Jindal Cotex IPO Rating

257

3.0

Rating:

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Jindal Cotex IPO Listing Date

Listing Date	Tuesday, September 22, 2009
BSE Script Code	533103
NSE Symbol	JINDCOT
Listing In	B
ISIN	INE904J01016
IPO Price	₹75 Per Equity Share
Face Value	₹10 Per Equity Share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
Volume

BSE
₹75.00
₹75.00
₹75.00
₹93.45
₹87.25
24,326,202

NSE
₹75.00
₹77.00
₹76.10
₹93.50
₹87.30
29,227,437

Jindal Cotex IPO Reviews / Ratings

HDFC Securities Limited - Avoid
KR Choksey Securities Ltd - Avoid
S P Tulsian - Avoid

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
   1st Floor, Bharat Tin Works Building,
   Opp. Vasant Oasis,Makwana Road,
   Marol, Andheri(E), Mumbai - 400 059

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

Jindal Cotex IPO Lead Manager(s)

Saffron Capital Advisors Private Limited

Lead Manager Reports

Jindal Cotex IPO FAQs

1. What is Jindal Cotex IPO?

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 price of the IPO is ₹70 to ₹75 Per Equity Share. The minimum order quantity is 90 Shares per application and the offer type is Book Built Issue.

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.
2. When Jindal Cotex IPO will open?

The Jindal Cotex IPO opens on Aug 27, 2009 and closes on Sep 1, 2009.
3. How to apply for Jindal Cotex IPO?

Jindal Cotex IPO application can be done through banks using ASBA online or through stock brokers trading account using UPI. All popular banks i.e. HDFC, ICICI, and SBI offer online IPO applications. An investor can also apply directly through their broker (i.e. Zerodha, Sharekhan) using UPI as a payment method.
4. When Jindal Cotex IPO allotment?

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.
5. When is Jindal Cotex IPO listing date?

The Jindal Cotex IPO listing date is on Tuesday, September 22, 2009, at BSE, NSE.
6. What is the lot size of Jindal Cotex IPO?

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

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Jindal Cotex IPO Review / Comments

225. Rags Dec 1, 2009 11:48

Friends,

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

224. KPN Oct 24, 2009 23:39

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 Sep 26, 2009 14:38

EXIT completely from Jindal cotex

222. rama Sep 23, 2009 11:05

Sell Jindal. This is NOT a stock to invest and makje money

221. Ram Sep 23, 2009 09:50

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 Sep 22, 2009 15:26

"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 Sep 22, 2009 15:17

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 Sep 22, 2009 12:12

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 Sep 22, 2009 11:48

Sold 90 shares of jindal cotex at Rs 84

216. SUBHASH GUPTA Sep 22, 2009 10:49

NSE SYMBAL IS JINDCOT
NOT JINDALCOT

215. peeyuush Sep 22, 2009 10:34

AMAZING.
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 Sep 22, 2009 10:30

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 Sep 22, 2009 09:50

Easy Way to earn money in this type of IPO is "Just Short Huge Quantity on Listing Day"

212. alok Sep 21, 2009 23:25

lets see frnds, sumtime unexpected companies give huge results

211. anurag sinha Sep 21, 2009 20:49

It will open at 80 Rs for few seconds.

Go down to 60 and close around 40 to 50 levels.

210. Raj Sep 21, 2009 20:31

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.

Raj

209. sonpal Sep 20, 2009 13:02

listing at Rs. 456/

208. sume Sep 20, 2009 12:09

Listing at around Rs 93.

207. alpesh jadav Sep 19, 2009 18:55

listing around 85 sure

206. shareking Sep 19, 2009 11:00

pahle din se hi undercutting khulega 25 pe consolidate hoga

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