opening on Thursday, August 27, 2009 and
closes on Tuesday, September 1, 2009.
Price Band is Rs.70 to Rs.75 and Bid Lot is 90 Shares.
Issue highlights
l 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 yarns.
l JCL started commercial production in 1999 with 6912 spindles and has expanded its capacity to currently 23472 spindles with manufacturing capacity of 6500 TPA.
l 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.
l JCL derives revenues from domestic sales (87%) as well as export sales (13%).
l The new project being set up at Mandiala Kalan, Ludhiana has been granted status of Mega Project which entitles certain concessions & benefits.
l This Issue has been graded by Brickwork ratings India as "BWR IPO Grade 3/5", indicating average fundamentals.--~--~---------~--~----~------------~-------~--~----~
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