AB Cotspin India Limited IPO
NSE SMEListed On: Jan 11, 2022 at ₹ 38.5
₹ 280000 /8000 Shares
*Min Investment
30 Dec, 2021
Open Date03 Jan, 2022
Close Date06 Jan, 2022
Allotment Date11 Jan, 2022
Listing DateIPO Issue Details
- Issue Price ₹33-35 per equity share
- Face Value ₹10 Per Equity Share
- Issue Price 2,884,000 Eq Shares of ₹10 (aggregating up to ₹10.09 Cr)
#Fresh Issue: 2,884,000 Eq Shares of ₹10 (aggregating up to ₹10.09 Cr) - Listing at NSE SME
- List Price 38.5
- Listing Date 2022-01-11
- Lead Manager Pantomath Capital Advisors Pvt Ltd
- Registrar Link Intime India Private Ltd
IPO Details
- Retail Portion N/A
IPO Details
AB Cotspin India Limited IPO is an SME IPO, priced at ₹33-35 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the NSE SME platform.
The IPO bidding window is open from Dec 30, 2021 to Jan 3, 2022. The allotment is expected to be finalized on Jan 6, 2022, and the tentative listing date is Jan 11, 2022.
The registrar of the IPO is Link Intime India Private Ltd, and
IPO Subscription Analysis And Details
| As on | QIB / NII | Retail | Total |
|---|---|---|---|
| Shares Offered / Reserved | 13,68,000 | 13,68,000 | 27,36,000 |
Day 1 30-12-21 06:00 PM | 0.25 x | 1.69 x | 0.97 x |
Day 2 31-12-21 06:00 PM | 1.07 x | 4.48 x | 2.78 x |
Day 3 03-01-22 05:30 PM | 9.45 x | 17.47 x | 13.46 x |
Valuations
Company Financials
| 30-Jun-21 | 31-Mar-21 | 31-Mar-20 | |
|---|---|---|---|
| Assets | 71.84 | 63.69 | 52.76 |
| Revenue | 30.53 | 115.56 | 94.28 |
| Profit After Tax | 3.32 | 3.87 | 0.75 |
About Company
AB Cotspin is engaged in the manufacturing of cotton yarn, knitted fabric, cottonseed oil, and oilcake products. The company manufactures products based on the orders from its clients.
The company has one manufacturing facility located in, Punjab, along with 2 warehouses and 1 shop cun godown to manage its supply chain operations. As of the date of the DRHP, the company has installed 18,000 spindles for manufacturing cotton yarn, 441 mt p.a. for knitted fabric, and 6,750 mt p.a. for seed oil/oilcake. The company has made significant investments in its manufacturing infrastructure to support its product portfolio requirements and reach. Majority of the company's customers are from Punjab and Haryana.
- Promoter(s)
Deepak Garg
Pooja Garg
Pre Issue Share Holding : 48.50%
Post Issue Share Holding : 34.91%
IPO - Issue Objectives
Funding the working capital requirements of the company;
General corporate purposes
IPO - FAQs
Ans. AB Cotspin India Limited IPO is a SME IPO. The issue is priced at ₹33-35 per equity share. The minimum order quantity is 4000 Shares. The IPO opens on Dec 30, 2021, and closes on Jan 3, 2022. Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Ans. The AB Cotspin India Limited IPO opens on Dec 30, 2021 and closes on Jan 3, 2022.
Ans. You can track the real-time subscription numbers using the links below:
Ans. The size of AB Cotspin India Limited IPO is 2,884,000 Eq Shares of ₹10 (aggregating up to ₹10.09 Cr) #Fresh Issue: 2,884,000 Eq Shares of ₹10 (aggregating up to ₹10.09 Cr).
Ans. The AB Cotspin India Limited IPO price band is set between ₹33-35 per equity share.
Ans. To apply for AB Cotspin India Limited IPO, follow the steps given below:
- - Open the IPO Ji App or Website
- - Find AB Cotspin India Limited IPO in the List of IPOs
- - Press Apply Button
- - Select Your Demat Account
- - Select Your Shares Quantity and Submit
- - Track Your IPO Status
Ans. The share allotment date of AB Cotspin India Limited IPO is Jan 6, 2022.
Ans. The AB Cotspin India Limited IPO will be listed on Jan 11, 2022.
Ans. Follow the steps to check the AB Cotspin India Limited IPO allotment status online.
