Jindal Cotex Ltd - IPO

Jindal Cotex Ltd IPO Details

Public issue of 1,24,53,894 Equity shares of face value of Rs. 10/- each (Equity shares) for cash at a price of Rs. 75 per equity share (including a premium of Rs. 65 per equity share) aggregating Rs. 93.40 Crores (the issue) comprising of promoters' contribution of 12,03,894 equity shares of Rs. 10 each at a price of Rs. 75 for cash aggregating Rs. 9.03 Crores (referred to as the promoters' contribution) and reservation for eligible employees of the company of 5,00,000 equity shares Rs. 10 each at a price of Rs. 75 for cash aggregating Rs. 3.75 Crores (referred to as the (Employee Reservation portion). The net issue to the public is of 1,07,50,000 equity shares of Rs. 10 each at a price of Rs. 75 for cash aggregating Rs. 80.63 Crores (referred to as the net issue). The net issue shall constitute 43.00% of the post issue paid up capital of the company.Issue Price: Rs.75 Per Equity Share of Face Value of Rs. 10 Each.The Issue Price is 7.5 times of the Face Value.

Objective of issue

Setting up a new facility for manu. of cotton yarn. Investment in Subsidiary Jindal Medicot Ltd. Invest. in Subsi. Jindal Specialty Textiles Ltd.

Jindal Cotex Ltd Contact Details

Jindal Cotex Ltd, E-2/3 Ansa Indl Est, Saki Vihar Road, Sakinaka Andheri(E), Mumbai - 400072

Phone - 91-22-40430200/28470652

Fax - 91-22-28475207

Email - ipo@jindalcotex.com, cs@jindalcotex.com

Website - www.jindalcotex.com