HomeIPO SMEAB Cotspin India IPO Details

AB Cotspin India IPO Details

- Advertisement -

AB Cotspin IPO Date, Price, GMP, Review, Allotment, Subscription, Analysis & Documents

About AB Cotspin India

The company primarily engaged in manufacturing of cotton yarn, knitted fabric, cottonseed oil and oilcakes. The company commenced its business in 1997 with a cotton ginning plant with cotton bales and cotton seeds being the initial products. Thereafter in the year 2000, the company installed a crushing unit to extract oil from cotton and mustard seeds and expanded the product basket with the addition of cotton seed oil, mustard oil and oil cake.

- Advertisement -

In the year 2011, The company ventured in manufacturing cotton yarn by setting up a spinning plant. In the year 2014 the company installed a knitting machine and thus forayed into manufacturing of knitted fabric. With the expansion over the years under the guidance of the management

The company has one manufacturing facility which is located at, Jaitu (Dist Faridkot), Punjab. The company 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. Over the years, The company has made investments in the manufacturing infrastructure to support the product portfolio requirements and reach.

Important Details – AB Cotspin India

DateDetails
June 23, 1997The company was originally incorporated as “Ganga Cottex Private Limited” at Jalandhar, as a Private Limited Company
March 20, 2010The company was converted from Private Limited Company to a Public Limited Company and the name of the the company was changed to “Ganga Cottex Limited”
December 24, 2010The name of the company was changed to “AB Cotspin India Limited”

Objects of the Issue

  • Funding the working capital requirements of the Company Requirement; and
  • General corporate purposes.

AB Cotspin India Limited Financials:

Summary of financial Information (Restated Consolidated Statement)

Particulars For the year ended (₹ in lakh)
  31-Mar-21 31-Mar-20 31-Mar-19
Total Assets 6,369.66 5,276.18 5,504.84
Total income 11,556.78 9,428.11 12,106.13
Total Expenses 11,009.11 9,320.27 11,926.89
Profit After Tax 387.82 75.77 1 33.02

AB Cotspin India IPO Price – Details

DescriptionABCOTS IPO Details
Public IssueInitial Public Issue of upto 28,84,000  equity shares of ₹ 10 (aggregating up to ₹ 10.09 Cr)
Issue Open  Date30-Dec-21
Issue Close Date03-Jan-22
Issue TypeBook Building
IPO Price Band₹ 33 – ₹ 35
Face Value ₹ 10
Market Lot 4000 Equity Shares and in multiples thereof
Minimum Order Quantity 4000 Equity Shares
Maximum Subscription Amount for Retail InvestorRs. 2,00,000
Listing NSE SME
NSE SymbolABCOTS
IPO Market Timings 10.00 a.m. to 5.00 p.m.

AB Cotspin India IPO DRHP & RHP

AB Cotspin IPO Lot Size

ApplicationLotsNo of SharesAmount (Rs)
Minimum14000₹ 1,40,000
Maximum14000₹ 1,40,000

AB Cotspin India IPO Lead Managers

  • Pantomath Capital Advisors Private Limited

AB Cotspin India IPO Registrar

AB Cotspin India IPO Allotment Date, Listing Date and other Important Dates

DetailsDate
Bid / Offer Opens on30-Dec-21
Bid / Offer Closes on03-Jan-22
Finalisation of Basis of Allotment06-Jan-22
Initiation of refunds 07-Jan-22
Credit of the Equity Shares10-Jan-22
Listing Date11-Jan-22

Company Peers – Comparison of Accounting Ratios

Name of Company Face Value  EPS (Basic)
(₹)
Total Income
(₹ in
lakhs)
P/E
Ratio
AB Cotspin India Limited 10 5.24 11,556.78 [.]
Amarjothi Spinning Mills Limited 10 24.17 17,487.80 6.74
Suryalata Spinnning Mills Limited 10 43.99 27,757.86 6.41
Salona Cotspin Limited 10 4.01 8,134.11 54.45
Pashupati Cotspin Ltd 10 3.8 44,328 21.58

Company Registered Office

176, Homeland Enclave,
Bathinda, Punjab – 151001.
Website: www.abcotspin.com

Company Promoters

  • Deepak Garg
  • Pooja Garg

AB Cotspin IPO – FAQS

What is the AB Cotspin IPO Price?

The AB Cotspin IPO price band is ₹ 33 – ₹ 35 per share

When AB Cotspin IPO will open?

The AB Cotspin IPO opens on Dec 30, 2021 and closes on Jan 03, 2022

What is the lot size of AB Cotspin IPO?

The AB Cotspin IPO lot size is 4000 Equity Shares and the minimum order quantity is 4000 Equity Shares

Who is the Registrar for AB Cotspin IPO?

The Registrar for AB Cotspin IPO is Link Intime India Private Limited

How to apply in AB Cotspin IPO through UPI?

Check the step by step process here – Click here

How to apply in AB Cotspin IPO through Zerodha?

Check the step by step process here – Click here

Follow us on Telegram for all the latest updates

- Advertisement -

Leave a IPO Review

IPO Review

Reviews (0)

This article doesn't have any reviews yet.

LEAVE A REPLY

Please enter your comment!
Please enter your name here