Birla Cotsyn IPO Latest News Today

Birla Cotsyn (India) Ltd IPO Listing Info

IPO Listing Date: Wednesday, July 30, 2008
BSE Script Code: 533006
NSE Symbol: BIRLACOT
Listing in: 'B' Group of Securities
ISIN: INE655I01016
Issue Price: Rs 14/- per share
Face Value: Rs 10/- Per Equity Share

IPO Allotment Status is now available online for Birla Cotsyn (India) Ltd.

Birla Cotsyn (India) Ltd IPO was open on June 30, 2008 and closed on July 09, 2008. IPO was oversubscribed by 1.11 times (0.9164 times in retail).

Birla Cotsyn (India) Limited IPO oversubscribed by 1.11 times. Non Institutional category oversubscribed around 5.7497 times while Qualified Institutional Buyers (QIBs) quota subscribed 0.0133 times.

Retail Individual Investors (RIIs) category oversubscribed 0.9164 times & Employees category oversubscribed 0.0415 times.

Birla Cotsyn (India) Limited - Bid details

Book Running Lead Manager to the issue has informed the Exchange that the Book Building issue of Birla Cotsyn (India) Limited will close on Jul 09, 2008 instead of the earlier closing day on Jul 04, 2008. Further price band has revised from Rs 15/- to Rs 18/- per share to Rs 12/- to Rs 14/- per share.

Incorporated in 1941, Birla Cotsyn (India) Limited is engaged in cotton Ginning, Pressing & Oil expelling. After the acquisition of Assets of Khamgaon Syntex (I) Ltd at MIDC, company is also into manufacture of Synthetic yarn.

Birla Cotsyn (India) Limited is entering in the capital markets with an initial public offering, IPO of [] Equity Shares aggregating Rs 144.18 Crore for cash, at a premium to be decided through a 100% Book Built Issue.

The price band for the issue has been fixed at Rs. 15/- at lower level and Rs. 18/- at upper level for equity share of Rs. 10/-. The issue opens on June 30, 2008, and closes for subscription on July 04, 2008. The equity shares of the company are proposed to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).