Jindal Cotex IPO Latest News Today

Jindal Cotex IPO Stock listed today and closed at the premium of around 16.33%. The Initial Public offer (IPO) was open on August 27, 2009 and closed on September 01, 2009. IPO was oversubscribed by 2.20 times (3.0891 times in retail).

Jindal Cotex stock closed today at Rs 87.25/-, around 16.33% premium of public issue's price of Rs 75/-. The stock was open at Rs 75/- and then keep rising up to Rs 93.45/- before closing at Rs 87.25/-.

Listing Day Trading Information at BSE

Issue Price: Rs 75.00
Open: Rs 75.00
Low: Rs 75.00
High: Rs 93.45
Last Trade: Rs 87.25
Volume: 24,326,202

Jindal Cotex Limited IPO Listing Date and Info

IPO Listing Date: Tuesday, September 22, 2009
BSE Script Code: 533103
NSE Symbol: JINDCOT
Listing in: 'B' Group of Securities
ISIN: INE904J01016
Issue Price: Rs. 75/- per share
Face Value: Rs 10/- Per Equity Share

IPO Allotment Status is now available online for Jindal Cotex Limited IPO.

Jindal Cotex Limited IPO was open on Aug 27, 2009 and closed on Sep 01, 2009. IPO was oversubscribed by 2.20 times ( 3.0891 times in retail).

Jindal Cotex Ltd IPO subscribed 2.20 times on its last day.

Subscription detail for Day 4

Qualified Institutional Buyers (QIBs):  0.6555 Times

Non Institutional Investors:  5.9341 Times

Retail Individual Investors (RIIs): 3.0891 Times

Employees: 0.0301 Times

Total: 2.20 Times

Jindal Cotex Ltd IPO subscribed 0.62 times on its third day.

Subscription detail for Day 3

Qualified Institutional Buyers (QIBs): 0.4349 Times

Non Institutional Investors: 1.3429 Times

Retail Individual Investors (RIIs): 0.6534 Times

Employees: 0.0209 Times

Total: 0.62 Times

Jindal Cotex Ltd IPO subscribed 0.41 times on its second day.

Subscription detail for Day 2

Qualified Institutional Buyers (QIBs): 0.2411 Times

Non Institutional Investors: 1.1205 Times

Retail Individual Investors (RIIs): 0.3989 Times

Employees: 0.0000 Times

Total: 0.41 Times

Jindal Cotex Ltd IPO subscribed 0.24 times on its first day.

Oversubscription detail for Day 1

Qualified Institutional Buyers (QIBs): 0.2411 Times

Non Institutional Investors: 0.3688 Times

Retail Individual Investors (RIIs): 0.2289 Times

Employees: 0.0000 Times

Total: 0.24 Times

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.

The price band for the issue has been fixed at Rs 70/- at lower level and Rs 75/- at upper level for equity share of Rs 10/-. Jindal Cotex is entering in the capital markets with an initial public offering, IPO of 1,24,53,894 Equity Shares for cash, at a premium to be decided through a 100% Book Built Issue.

The issue opens on August 27, 2009, and closes for subscription on September 01, 2009. The equity shares of the company are proposed to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).