Jindal Cotex IPO to hit markets on August 27, 2009

The Initial Public Offering of JINDAL COTEX LIMITED will open for subscription by investors on August 27, 2009. The issue will close for subscription on September 1, 2009.

The company is coming out with an IPO of 1,12,50000 equity shares (excluding promoters contribution of 12,03,894 equity shares) of Rs 10 each for cash at a price band of Rs. 70 To Rs. 75 through 100% Book Building process.

Brickwork Ratings India Private Limited has assigned IPO Grading of BWR IPO 3.

Saffron Capital Advisors Private Limited is the Book Running Lead Manager to the issue and Enam Securities Private Limited & Saffron Global Markets Private Limited are the Syndicate Members to the issue.

Bigshare Services Private Limited is the registrar to the issue.

Source : Equity Bulls

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