AB Cotspin India Limited IPO
NSE SME₹140,000 / 4000 Shares
AB Cotspin India Limited IPO Details
The AB Cotspin India Limited IPO price band is set between ₹33-35 per equity share, with a face value of ₹10 per share. The issue is managed by Link Intime India Private Ltd, and the equity shares are proposed to be listed on the NSE SME.
The IPO date for subscription opens on 30 Dec, 2021 and closes on 3 Jan, 2022. Investors can check the allotment status on 6 Jan, 2022, while the listing date is tentatively scheduled for 11 Jan, 2022.
The total issue size is 2,884,000 Eq Shares of ₹10 , aggregating up to ₹10.09 Cr. Stay tuned for the latest AB Cotspin India Limited IPO review and GMP updates.
AB Cotspin India Limited IPO Review, Rating & Analysis
AB Cotspin India Limited IPO Review
NO REVIEWAB Cotspin India Limited IPO Rating
AB Cotspin India Limited IPO Highlights
IPO Date
Dec 30, 2021 - Jan 3, 2022
Listing Date
11 Jan, 2022
Face Value
₹10 Per Equity Share
Price Band
₹33-35 per equity share
Lot Size
-
Fresh Issue
Shares
Offer for Sale
-
Listing At
NSE SME
AB Cotspin India Limited IPO Lot Size
The minimum market lot for AB Cotspin India Limited IPO is 4000 shares with an application amount of ₹1,40,000. Retail investors can apply for up to 1 lots. The table below details the minimum and maximum investment limits for Retail and HNI investors.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 4000 | ₹1,40,000 |
| Retail (Max) | 1 | 4000 | ₹1,40,000 |
| S-HNI (Min) | 2 | 8000 | ₹2,80,000 |
| S-HNI (Max) | 7 | 28000 | ₹9,80,000 |
| B-HNI (Min) | 8 | 32000 | ₹11,20,000 |
AB Cotspin India Limited IPO Timeline
Issue Price
₹33-35 per equity shareFace Value
₹10 Per Equity ShareListing at Group
NSE SMERegistrar
Link Intime India Private LtdLead Manager
Pantomath Capital Advisors Pvt LtdIssue Size
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)AB Cotspin India Limited IPO Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 30 Jun 21 | 71.84 | 30.53 | 3.32 | - | - | - |
| 31 Mar 21 | 63.69 | 115.56 | 3.87 | - | - | - |
| 31 Mar 20 | 52.76 | 94.28 | 0.75 | - | - | - |
All values are in ₹ Cr.
Promoters & Share Holding
Promoter(s) Name
- Deepak Garg
- Pooja Garg
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| 48.50% | 34.91% |
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.
AB Cotspin India Limited IPO Subscription 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 |
Frequently Asked Questions about AB Cotspin India Limited IPO IPO
When will AB Cotspin India Limited IPO open for subscription?
The AB Cotspin India Limited IPO opens on 30 Dec, 2021 and closes on 3 Jan, 2022.
What is the investors portion for AB Cotspin India Limited IPO?
The investors' portion for QIB is , NII is N/A, and Retail is 1368000.
How to apply for AB Cotspin India Limited IPO?
You can apply for AB Cotspin India Limited IPO via ASBA online through your bank account. You can also apply via UPI through stock brokers like Zerodha, Upstox, or Paytm Money.
What is the issue size of AB Cotspin India Limited IPO?
The issue size of AB Cotspin India Limited IPO is approx ₹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) crores.
What is the price band of AB Cotspin India Limited IPO?
The price band for AB Cotspin India Limited IPO is ₹33 to ₹35 per equity share.
What is the lot size of AB Cotspin India Limited IPO?
The minimum bid (lot size) for AB Cotspin India Limited IPO is N/A shares with an investment of approx ₹140,000 .
What is the allotment date of AB Cotspin India Limited IPO?
The allotment date for AB Cotspin India Limited IPO is 6 Jan, 2022.
What is the listing date of AB Cotspin India Limited IPO?
The listing date for AB Cotspin India Limited IPO is expected to be 11 Jan, 2022.
What is the GMP of AB Cotspin India Limited IPO?
The latest Grey Market Premium (GMP) for AB Cotspin India Limited IPO is being updated regularly on IPOROCK.
Parth D.
Founder & Lead Analyst
Parth D. is a software engineer and financial analyst who brings a quantitative edge to IPO tracking. With deep expertise in algorithmic trading and financial tool development, he builds the technology that powers IPORock's real-time data engines. He has been tracking the Indian market since 2018.