Jindal Cotex IPO opens for subscription from Thursday, August 27, 2009 - Indian IPO Blog

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Monday, August 17, 2009

Jindal Cotex IPO opens for subscription from Thursday, August 27, 2009

Jindal Cotex Limited (JCL), is coming up with an IPO of about 1,24,53,894 Equity Shares, each having a Face Value of Rs.10/- each. Jindal Cotex Limited (JCL) is a flagship company of Jindal group of Ludhiana. The equity shares are offered in a price band of Rs.70/- to Rs.75/- per equity shares. The IPO opens for subscription from Thursday, August 27, 2009 and closes on Tuesday, September 01, 2009

Click here for more on Jindal Cotex Ltd. IPO

2 comments:

  1. Jindal Cotex IPO on the primea facie seemed to me as another initiative from JIndal group company etc but this is altogther a differnt group, going by Red herring prospectus i am really amazed to see the vision of Jindal cotex's management who are actually daring to do non-conventional into textile which is higly appreciable from someone who understand textile segment.

    They are getting into medical textile which has again huge market requirtement in India and globally alike furthermore vision and plan of management making it big in time to come clearly shows from their plan to venture into Speciality textile i.e. banner fabric , again indian domestic market is huge for the same and perhpas this would be one of its kind setup in india or perhaps the first company ever to get into advertisement banner fabric. Over all i would rate it as an future of textile indudtry , a good IPO which is worthr to be rated as A grade along with 4/5 marks, stock is certinaly good investment for long term as management has rich experience into textile moreover recnt Government of India's thrust on Technical textile will definately give them first movers advantage, overall a 4 star IPO to invest.
    stock team is good, ENAM is supporting it making it more credible investment for long term.

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