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 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)

Jindal Cotex IPO Lot Size

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

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)

The Jindal Cotex IPO is subscribed 2.20x times on Sep 1, 2009 17:00. The public issue subscribed 3.09x in the retail category, 0.66x in the QIB category, and 5.93x in the NII category. Check Day by Day Subscription Details (Live Status)

Category	IPO Subscription
QIB	0.66x
NII	5.93x
RII	3.09x
Employee	0.03x
Total	2.20x

Jindal Cotex IPO Prospectus

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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
S P Tulsian - Avoid
KR Choksey Securities Ltd - 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

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 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.
When Jindal Cotex IPO will open?

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

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.
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.
When is Jindal Cotex IPO listing date?

The Jindal Cotex IPO listing date is on Tuesday, September 22, 2009.

Jindal Cotex IPO Message Board

Ranked Members

225. Rags |Dec 1, 2009 12:48

Friends,

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

224. KPN |Oct 25, 2009 00:39

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 15:38

EXIT completely from Jindal cotex

222. rama |Sep 23, 2009 12:05

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

221. Ram |Sep 23, 2009 10:50

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 16:26

"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 16:17

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 13:12

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 12:48

Sold 90 shares of jindal cotex at Rs 84

216. SUBHASH GUPTA |Sep 22, 2009 11:49

NSE SYMBAL IS JINDCOT
NOT JINDALCOT

215. peeyuush |Sep 22, 2009 11:34

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 11:30

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 10:50

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

212. alok |Sep 22, 2009 00:25

lets see frnds, sumtime unexpected companies give huge results

211. anurag sinha |Sep 21, 2009 21:49

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 21:31

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 14:02

listing at Rs. 456/

208. sume |Sep 20, 2009 13:09

Listing at around Rs 93.

207. alpesh jadav |Sep 19, 2009 19:55

listing around 85 sure

206. shareking |Sep 19, 2009 12:00

pahle din se hi undercutting khulega 25 pe consolidate hoga

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