AB Cotspin India Limited IPO

NSE SME

Listed On: Jan 11, 2022 at ₹ 38.5

₹ 140000 /4000 Shares

Check Allotment

IPO Details

30 Dec, 2021

Open Date

03 Jan, 2022

Close Date

06 Jan, 2022

Allotment Date

11 Jan, 2022

Listing Date

Issue Price

₹33-35 per equity share

Face Value

₹10 Per Equity Share

Listing at Group

NSE SME

Registrar

Link Intime India Private Ltd

List Price

38.5

Listing Date

2022-01-11

Market Lot

4000 Shares (₹140,000/-)

Lead Manager

Pantomath Capital Advisors Pvt Ltd

Issue 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)

Retail Portion

N/A

Subscription

13.46 times

IPO Docs

DRHP RHP

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

Valuations

Earnings Per Share (EPS)

₹3.23/-

P/E Ratio

10.84

RoNW

17.76%

Net Asset Value (NAV) - Post Issue

₹34.05/-

Company Financials All values are in ₹ Cr.

	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 The 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)

Pre Issue Share Holding: 48.50%

Post Issue Share Holding: 34.91%

Company Promoter(s)

Deepak Garg
Pooja Garg

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. 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 IPO price band is set between ₹33-35 per equity share.

Ans. To apply for AB Cotspin India Limited IPO 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 allotment status for AB Cotspin India Limited IPO here.