AB Cotspin IPO
AB Cotspin was incorporate in Year 1997. AB Cotspin is manufacturing of cotton yarn, knitted fabric, cottonseed oil, and oilcake products. The company manufactures products based on the orders from its clients.
AB Cotspin is planning to launch Initial Public Offering (IPO). AB Cotspin IPO consist of fresh issue of up to 28,84,000* equity shares of face value of (Rs)10/- each(“Equity Share”). The AB Cotspin IPO will open on 30 Dec 2021 & close on 3 Jan 2022.
AB Cotspin India Limited 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.
AB Cotspin India Limited Competitive Strengths:
- Diverse product portfolio with a focus on quality
- Experienced management and dedicated employee base
- Repeat orders from satisfied customers
- Location Advantage
AB Cotspin India Limited Promoters:
- Deepak Garg
- Pooja Garg are the company promoters.
Objects of the AB Cotspin India IPO:
- Funding the working capital requirements of the company; and
- General corporate purposes
IPO Details of AB Cotspin India IPO:
| IPO Opening Date | Dec 30, 2021 |
| IPO Closing Date | Jan 3, 2022 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹33 to ₹35 per equity share |
| Market Lot | 4000 Shares |
| Min Order Quantity | 4000 Shares |
| Listing At | NSE SME |
| 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) |
AB Cotspin IPO Lot Size:
The AB Cotspin IPO market lot size is 4000 shares. A retail-individual investor can apply for up to 1 lots (4000 shares or ₹140,000).
| Application | Lots | Shares | Amount (Cut-off) |
| Minimum | 1 | 4000 | ₹140,000 |
| Maximum | 1 | 4000 | ₹140,000 |
AB Cotspin IPO Prospectus:
AB Cotspin IPO Registrar:
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: abcotspin.ipo@linkintime.co.in
Website: https://linkintime.co.in/
Company Contact Information
AB Cotspin India Limited
176, Homeland Enclave,
Bathinda,
Punjab – 151001
Phone: +91 01642970169
Email: investors@abcotspin.in
Website: http://www.abcotspin.com/
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