Vivekanand Cotspin Ltd - IPO

Vivekanand Cotspin Ltd IPO Details

Initial public issue of upto 55,00,000 equity shares of face value of Rs. 10/- each of Vivekanand Cotspin Limited (VCL or the Company) for cash at a price of Rs. [*] per equity share (including a Share Premium of Rs. [*] per Equity Share) (Issue Price) aggregating to Rs. [*] crores, of which [*] equity shares of face value of Rs. 10/- each at a price of Rs. [*] aggregating to Rs. [*] crores will be reserved for subscription by market maker (Market Maker Reservation Portion) and net issue to public of [*] equity shares of face value of Rs. 10/- each at a price of Rs. [*] aggregating to Rs. [*] crores (hereinafter referred to as the Net Issue) the issue and the net issue will constitute [*] and [*] respectively of the post issue paid up equity share capital of the company. The face value of the equity shares is Rs. 10.00 each. The price band will be decided by the company.

Objective of issue

Funding capital expenditure requirement towards installation of additional plant and machinery. Funding working capital requirement of the company. General corporate expenses.

Vivekanand Cotspin Ltd Contact Details

Vivekanand Cotspin Ltd, C-101 247 Park, L B S Marg, Vikhroli West, Mumbai-400083

Phone - 91-22-49186000

Fax - 91-22-49186060

Email - cs@vcottonexport.com

Website - www.vcottonexport.com