Birla Cotsyn IPO subscription hit by market meltdown
Birla Cotsyn’s public issue of Rs 144.18 crore was subscribed just 0.06 times on Monday. The issue has a price band of Rs 15 to Rs 18 per equity share of Rs 10 each. It closes on July 4.
By ET Online |
MUMBAI: Birla Cotsyn���s public issue of Rs 144.18 crore was subscribed just 0.06 times on Monday. The issue has a price band of Rs 15 to Rs 18 per equity share of Rs 10 each. It closes on July 4.
The issue received 43,12,350 bids, of which around 4,10,900 bids were at the cut off price.
The IPO proceeds would be utilized to set up an integrated textile unit and a garment manufacturing plant at the facilities located at Khamgaon, Ghatanji and Makkapur in Maharashtra. The investment would also fund the company's foray into retail outlets.
The issue received 43,12,350 bids, of which around 4,10,900 bids were at the cut off price.
The IPO proceeds would be utilized to set up an integrated textile unit and a garment manufacturing plant at the facilities located at Khamgaon, Ghatanji and Makkapur in Maharashtra. The investment would also fund the company's foray into retail outlets.
Too busy to trade in stocks? Invest in Mutual Funds with ET Money!
Bookmark or read stories offline -
Download ET Markets APP
Download ET Markets APP
ADVERTISEMENT
