Birla Cotsyn IPO: Finance Trading Times

Birla Cotsyn IPO

A new IPO or initial public offering is set to hit the Indian markets very soon. The IPO belongs to Yash Birla group’s textile manufacturing company Birla Cotsyn.
Birla Cotsyn IPO
What is the size of the Birla Cotsyn IPO?
The Birla Cotsyn IPO is expected to raise around 144 Crore Rupees from the Indian capital markets through its proposed IPO.

What are the opening dates or When will the Birla Cotsyn IPO open for subscription?
The Birla Cotsyn IPO will open for subscription between June 30, 2008 and July 4th, 2008.

What is the price band of Birla Cotsyn IPO shares?
The Birla Cotsyn IPO shares will be offered in the price band of Rs. 15 to Rs 18 per share with a standard face value of Rs. 10 per share.

Where will the fund raised or IPO proceeds be used by Birla Cotsyn IPO?
The proceeds from the issue would be utilised to set up the integrated textile unit and a garment manufacturing plant at their facilities located at Khamgaon, Ghatanji and Malkapur in Maharashtra at an estimated cost of Rs 320 crore.

This project had been appraised by SBI Capital Markets. Company officials said that the proceeds would also fund the company’s plan to set up retail outlets across the country. Table of Contents
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