Jindal Cotex IPO opens on Aug 27 `09
The IPO closes on September 1, 2009.
Jindal Cotex Limited is planning to enter the capital market on August 27, 2009 with a public issue of 1,24,53,894 equity shares of face value of Rs10 each.
The price band has been fixed at Rs70 to Rs75 per share. The IPO closes on September 1, 2009. The issue is being made through a 100% book building process wherein up to 50% of the issue will be allocated to Qualified Institutional Buyers on a proportionate basis, subject to valid bids received on or above the issue price.
The funds of the forthcoming issue will be used mainly for entering into technical textile space through investment in wholly owned subsidiary i.e. Jindal Medicot Limited and Jindal Speciality Textiles Limited.
Jindal Cotex is expanding its capacity by setting up of a new facility in manufacturing cotton yarn, yarn dyeing and garmenting.
source: Indiainfoline
Tags: Jindal Cotex IPO, Jindal Cotex IPO listing date, Jindal IPO listing date, nse IPO Jindal, Subscription of Jindal Cotext
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