AB Cotspin India Limited IPO Detail
Incorporated in 1997, 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.
Competitive Strengths:
- Diverse product portfolio with a focus on quality
- Experienced management and dedicated employee base
- Repeat orders from satisfied customers
- Location Advantage
Company Promoters
Deepak Garg and Pooja GargIPO Details
| IPO Opening Date | Dec 30, 2021 |
| IPO Closing Date | Jan 03, 2022 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹33 - 35 per equity share |
| Market Lot | 4000 Shares |
| Min Order Quantity | 4000 Shares |
| Listing At | NSE SME |
| Issue Size | ₹10.09 Cr |
| Fresh Issue | ₹10.09 Cr |
| Offer for Sale | - |
| Retail Portion | 50% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | - | - | 0.25x | 1.69x | 0.97x | |
| Day 2 | - | - | 0.82x | 2.12x | 1.47x | |
| Day 3 | - | - | 9.45x | 17.47x | 13.46x |
IPO Tentative Timetable
The AB Cotspin India Limited IPO open date is Dec 30, 2021, and the close date is Jan 03, 2022. The issue may list on Jan 11, 2022.
| IPO Open Date | Dec 30, 2021 |
| IPO Close Date | Jan 03, 2022 |
| Basis of Allotment Date | Jan 06, 2022 |
| Initiation of Refunds | Jan 07, 2022 |
| Credit of Shares to Demat Account | Jan 10, 2022 |
| IPO Listing Date | Jan 11, 2022 |
IPO Lot Size
The AB Cotspin India Limited IPO market lot size is 4000 shares. A retail-individual investor can apply for up to 1 lots (4000 shares or ₹140000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 4000 | ₹140000 |
| Maximum | 1 | 4000 | ₹140000 |
IPO Promoter Holding
| Pre Issue Share Holding | 48.50% |
| Post Issue Share Holding |
Company Financials:
For the year/period ended (₹ in Crs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 30-Jun-21 | 718.42 | 305.34 | 33.22 |
| 31-Mar-21 | 636.96 | 1,155.67 | 38.78 |
| 31-Mar-20 | 527.61 | 942.81 | 7.57 |
Objects of the Issue:
- Funding the working capital requirements of the company; and
- General corporate purposes
AB Cotspin India Limited IPO Registrar:
Link Intime India Private Ltd
AB Cotspin India Limited IPO Lead Manager(s):
Pantomath Capital Advisors Pvt Ltd
