FREE Account Opening + No Clearing Fees
Loading...

Jindal Cotex Limited IPO (Jindal Cotex IPO) Detail

August 27, 2009 - September 1, 2009

Jindal Cotex IPO is a book built issue of Rs 84.38 crores.

Jindal Cotex IPO bidding started from August 27, 2009 and ended on September 1, 2009. The shares got listed on BSE, NSE on September 22, 2009.

Jindal Cotex IPO price band is set at ₹70 to ₹75 per share. The minimum lot size for an application is 90 Shares. The minimum amount of investment required by retail investors is ₹6,750.

Saffron Capital Advisors Private Limited is the book running lead manager of the Jindal Cotex IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.

Refer to Jindal Cotex IPO RHP for detailed information.

Jindal Cotex IPO Details

IPO Date August 27, 2009 to September 1, 2009
Listing Date September 22, 2009
Face Value ₹10 per share
Price Band ₹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

Jindal Cotex IPO offers 11,250,000 shares. 5,375,000 (47.78%) to QIB, 1,612,500 (14.33%) to NII, 3,762,500 (33.44%) to RII, 500,000 (4.44%) to employees. 41,805 RIIs will receive minimum 90 shares and (sNII) and (bNII) will receive minimum 2,700 shares. (in case of oversubscription)

Investor Category Shares OfferedMaximum Allottees
Anchor Investor Shares Offered-NA
QIB Shares Offered5,375,000 (47.78%)NA
NII (HNI) Shares Offered1,612,500 (14.33%)
Retail Shares Offered3,762,500 (33.44%)41,805
Employee Shares Offered500,000 (4.44%)NA
Total Shares Offered11,250,000 (100%)

Jindal Cotex IPO Lot Size

Investors can bid for a minimum of 90 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 90 ₹6,750
Retail (Max) 29 2610 ₹195,750
Lot Size Calculator

About Jindal Cotex Limited

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 (Jindal Cotex IPO Objectives)

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 Subscription Status (Bidding Detail)

The Jindal Cotex IPO is subscribed 2.20 times on September 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)

CategorySubscription (times)
QIB0.66
NII5.93
Retail3.09
Employee0.03
Total2.20

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 Prospectus

Jindal Cotex IPO Rating

257
3.0
Rating:Rated 3.0 stars
Vote Here ...

Jindal Cotex IPO Listing Details

Listing Date September 22, 2009
BSE Script Code 533103
NSE Symbol JINDCOT
ISIN INE904J01016
Final Issue Price ₹75 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
₹75.00
₹75.00
₹75.00
₹93.45
₹87.25
NSE
₹75.00
₹77.00
₹76.10
₹93.50
₹87.30

Check IPO Performance…

Jindal Cotex Limited Contact Details

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://ipo.bigshareonline.com/ipo_status.html

Jindal Cotex IPO - Buy or Not

Jindal Cotex IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 0 0 3
Members 0 0 0

Read All Reviews Post Your Review Manage Reviews

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 August 27, 2009, and closes on September 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 August 27, 2009 and closes on September 1, 2009.

Jindal Cotex IPO lot size is 90 Shares, and the minimum amount required is ₹6,750.

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 September 22, 2009.
Open an Instant Account with Zerodha

Jindal Cotex IPO Message Board

Ranked Members of Chittorgarh.com Forum  Ranked Members | Members with Most Likes

Loading...

225 Comments

225. Rags |   Link |  Bookmark |December 1, 2009 11:48:41 AM
Friends,

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

224. KPN |   Link |  Bookmark |October 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 |  Bookmark |September 26, 2009 2:38:21 PM
EXIT completely from Jindal cotex
222. rama |   Link |  Bookmark |September 23, 2009 11:05:08 AM
Sell Jindal. This is NOT a stock to invest and makje money
221. Ram |   Link |  Bookmark |September 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 |  Bookmark |September 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 |  Bookmark |September 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 |  Bookmark |September 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 |  Bookmark |September 22, 2009 11:48:33 AM
Sold 90 shares of jindal cotex at Rs 84
216. SUBHASH GUPTA |   Link |  Bookmark |September 22, 2009 10:49:04 AM
NSE SYMBAL IS JINDCOT
NOT JINDALCOT
215. peeyuush |   Link |  Bookmark |September 22, 2009 10:34:35 AM
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 |   Link |  Bookmark |September 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 |  Bookmark |September 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 |  Bookmark |September 21, 2009 11:25:40 PM
lets see frnds, sumtime unexpected companies give huge results
211. anurag sinha |   Link |  Bookmark |September 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 |  Bookmark |September 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.

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