Birla Cotsyn, a part of Birla Group is entering the capital market is entering the capital market with an initial public offering (IPO) of Rs144 crore through a 100% book building process. The issue will open on June 30, 2008 and will close on July 4, 2008.
According to sources, the price band for the issue is Rs15 to Rs18 per share. The book running lead managers to the IPO is Allbank Finance and Saffron Capital Advisors, SMC NEXGEN Capitals and Chartered Capital Investment are the co-book running lead managers.
The company is undergoing a expansion of Rs 320 crore project for setting up of weaving, processing, garmenting units. It also plans to begin retail operations with 20 stores by financial year 2010.
According to sources, the price band for the issue is Rs15 to Rs18 per share. The book running lead managers to the IPO is Allbank Finance and Saffron Capital Advisors, SMC NEXGEN Capitals and Chartered Capital Investment are the co-book running lead managers.
The company is undergoing a expansion of Rs 320 crore project for setting up of weaving, processing, garmenting units. It also plans to begin retail operations with 20 stores by financial year 2010.
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