| | Issue opens: | Thursday, August 27, 2009 | | Lead Manager: | Saffron Capital Advisors Private Limited | | Issue closes: | Tuesday, September 01, 2009 | | Registrar: | Bigshare Services Private Limited | | Price Band: | Rs. 70 - Rs. 75 | | IPO Grade : | BWR IPO 3 | | Bid Lot: | 90 Equity Shares | | Face Value: | Rs. 10 | | |
| Issue Break up: | | Public issue: | 1,24,53,894 Equity Shares |
| Particulars | In Shares | | Fresh Issue: | 1,24,53,894 Equity Shares |
| QIB | 53,75,000 | | Offer for Sale: | 1,07,50,000 Equity Shares |
| Non institutional Bidder | 16,12,500 | | Employee Reservation: | 5,00,000 Equity Shares |
| Retail Individual | 37,62,500 | | |
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| Business Overview: | | Our Company is engaged in the business of manufacturing of Acrylic, Polyester, and Polyester-
Viscose, Polyester Cotton, combed and carded yarns, which are appropriate for apparels,
suitings & knitted fabrics.
We have current installed capacity of 23,472 spindles for acrylic, cotton blended and polyester
yarns. We manufacture and sell yarns under the trade name 'JINDAL'. We have gradually
increased the manufacturing capacities to fulfill the requirements of the domestic market. We are
exploring the international markets with the existing business and capabilities.
We have successfully installed and commissioned a Suzlon make Wind Electric Generator (Wind
Mill) of 1250KW capacity at Pithla-Satta-Gorera in Distt. Jaisalmer, Rajasthan on Mach 31, 2008.
The entire power generated through this wind mill will be sold to Ajmer Vidyut Vitran Nigam
Limited. | |
Objects of the issue:
| | The present issue is being made to raise the funds for the following purposes:
1. Setting up a new facility for manufacturing of Cotton Yarn, Yarn Dyeing and Garments;
2. Investment in Subsidiaries
a. Jindal Medicot Limited
b. Jindal Specialty Textiles Limited
3. Meeting the expenses of the public issue;
4. To list the shares offered through this issue on BSE and NSE;
The other objects of the Issue also include creating a public trading market for the Equity Shares
of our Company by listing them on NSE and BSE. We believe that the listing of our Equity Shares
will enhance our visibility and brand name and enable us to avail of future growth opportunities.
The main object clause of Memorandum of Association of our Company enables us to undertake
the existing activities and the activities for which the funds are being raised by us through the
present Issue. Further, we confirm that the activities which we have been carrying out till date are
in accordance with the object clause of our Memorandum of Association. | |
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