IPO - Jindal Cotext Ltd. opens on August 27  

Public Issue of 1,24,53,894 Equity Shares of
Jindal Cotex Ltd. is opening on Thursday, August 27, 2009
and closes on Tuesday, September 1, 2009.

Issue Details :

Price Band Rs.70 to Rs.75

Min application 90 Shares and multiple of 90


Issue highlights

Jindal Cotex limited (JCL) is an ISO
9001:2008 certified company engaged in the business of
manufacturing acrylic, polyester and polyester viscose,
polyester cotton, combed and carded

JCL has successfully installed 1250 KW
capacity Wind Mill at Jaisalmer, Rajasthan in 2008. JCL has
also entered into power purchase agreement with Suzlon and
Ajmer Vidyut Vitaran Nigam Limited (AVVNL) for the sale of
electricity generated for 20 years.

JCL derives revenues from domestic sales
(87%) as well as export sales (13%).

The new project being set up at Mandiala
Kalan, Ludhiana has been granted status of Mega
Project which entitles certain concessions &

This Issue has been graded by Brickwork
ratings India as "BWR IPO Grade 3/5",
indicating average


AddThis Social Bookmark Button


Post a Comment

Energy News from the World

Energy News from the World
Editors Pick