Birla Cotsyn, a Yash Birla group company has filed its DRHP with SEBI on 27/12.2007 to enter the capital market with a public issue to raise Rs.144.18 crore.
The issue is to be made through a 100% book building process, where, upto 50% of the net issue to the public shall be allocated on a proportionate basis to QIBs.
The company proposes to list its shares on BSE and NSE. Allbank Finance is the lead manager to the issue.
The Yash Birla group is one of the leading industrial groups having diversified interests in steel pipes, machine cutting tools, iron castings, multi-purpose engine pumps, electrical appliances, textiles, carpets, furnishing, cotton ginning etc. The major companies in the group includes Zenith Birla (
The company which is engaged in cotton ginning, processing and oil expelling at its facilities in Khamgaon, Ghatanjali and
The company intends to use the proceed of the issue to part finance its integrated textile project at Khamgaon and Malkapur; to set up a garment manufacturing plant and to establish retail outlets.
For the year ended