Birla Cotsyn India, part of Yash Birla Group is open for subscription from today. The issue will close on July 04, 2008. The IPO is of Rs144.18 crore and the price band for the issue has fixed at Rs15 to Rs18 per equity share.
The proceeds from this issue will be utilized for setting up a integrated textile unit and a garment manufacturing plant at their facilities located at Khamgaon, ghatanji and Makkapur in Maharastra.
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.
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 proceeds from this issue will be utilized for setting up a integrated textile unit and a garment manufacturing plant at their facilities located at Khamgaon, ghatanji and Makkapur in Maharastra.
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.
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.
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