Birla Cotsyn (India) IPO
Birla Cotsyn (India) IPO — date, price band, lot size & details 2008
Birla Cotsyn (India) listed on 30 Jul 2008 at ₹14.9, 6.4% above the ₹14 issue price.
Birla Cotsyn (India) is a Yashovardhan Birla group company that moved from cotton ginning into synthetic yarn, with a mill at Khamgaon in Maharashtra. Its total income was Rs 56.15 crore in FY2007.
Stock price
Birla Cotsyn (India) is listed — here is the live share price.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
Key dates from opening to listing. Today is 13 November.
- Open 30 Jun 2008
- Close 09 Jul 2008
- Allotment 30 Jul 2008
- Refund/credit TBA
- Listing 30 Jul 2008
Issue summary
The terms of the offer, as filed.
| IPO Dates | 30 Jun to 9 Jul, 2008 |
|---|---|
| Price Band | ₹12 – ₹14 |
| Face Value | ₹10 |
| Lot Size | 350 Shares |
| Issue Size | ₹144.18 Cr |
| Sale Type | Fresh capital only |
| Listing On | BSE, NSE |
| Registrar | Adroit Corporate Services Pvt.Ltd. |
| Min Investment | ₹ 4,900 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 350 shares at the ₹14 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 350 | ₹4,900 |
| Retail (max) | 40 | 14,000 | ₹1,96,000 |
| S-HNI (min) | 41 | 14,350 | ₹2,00,900 |
| S-HNI (max) | 204 | 71,400 | ₹9,99,600 |
| B-HNI (min) | 205 | 71,750 | ₹10,04,500 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 4
- 01Total income rose from Rs 4.04 crore in FY2006 to Rs 56.15 crore in FY2007 after it bought a yarn mill.
- 02Profit after tax rose from Rs 0.27 crore in FY2006 to Rs 2.57 crore in FY2007.
- 03Net worth rose from Rs 20.06 crore in FY2006 to Rs 61.15 crore in December 2007.
- 04It had 18,304 spindles from the Khamgaon Syntex mill.
Risks · 5
- 01Its yarn business was new, having started only in August 2006.
- 02The textile project needed Rs 289.19 crore, double the issue size, so it depended on loans.
- 03Return on net worth was only 8.18%.
- 04Secured loans rose from Rs 1.06 crore in FY2006 to Rs 61.66 crore in December 2007.
- 05Promoter holding fell from 100% before the issue to 34.13% after it, which is very low.
Three years of numbers
All figures in ₹ crore, as reported in the Birla Cotsyn (India) offer document.
| Metric | 31 Dec 2007 | 31 Mar 2007 | 31 Mar 2006 | 31 Mar 2005 |
|---|---|---|---|---|
| Total Income | 63.93 | 56.15 | 4.04 | 3.25 |
| Profit After Tax | 2.52 | 2.57 | 0.27 | 0.05 |
| NET Worth | 61.15 | 31.40 | 20.06 | 19.78 |
See how this IPO compares — view listing performance of all mainboard IPOs.
Valuation & key ratios
Ratios are for the latest full financial year reported in the Birla Cotsyn (India) RHP.
Where the money goes
₹320.20 Cr of the issue is earmarked to named objects.
About the company
It was earlier in cotton ginning, pressing and oil expelling.
In August 2006 it bought the assets of Khamgaon Syntex (I) at MIDC Khamgaon, with 18,304 spindles, and began making synthetic yarn. Its operations were at Khamgaon and nearby places in Buldhana district.
The IPO was Rs 144.18 crore at Rs 14, the top of the Rs 12 to Rs 14 band. The money was for expanding its integrated textile project at Khamgaon and Malkapur, a garment plant and retail outlets.
Interested in this IPO? Check the live subscription status or browse all upcoming mainboard IPOs.
The bankers & the filings
Who is running the book, and the documents this page is built from.
Birla Cotsyn (India) IPO Documents
Read the filings this page is built from.
Lead Manager Track Record
How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.
Allahabad Bank
4 issues handledBest listing: Pochiraju Industries (+50.3%). Weakest: Niraj Cement Structurals (-2.6%).
Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.
Company contact
Frequently asked
What is the GMP of Birla Cotsyn (India)?
The current Grey Market Premium is ₹0.
What is the Birla Cotsyn (India) IPO price band?
₹12 to ₹14, on a face value of ₹10.
When is the allotment?
The basis of allotment is 30 July 2008, with listing on 30 July 2008.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — Adroit Corporate Services Pvt.Ltd..
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
