AB Cotspin IPO Date, Price, GMP, Review, Allotment, Subscription, Analysis & Documents
- About AB Cotspin India
- Important Details – AB Cotspin India
- Objects of the Issue
- AB Cotspin India Limited Financials:
- AB Cotspin India IPO Price – Details
- AB Cotspin India IPO DRHP & RHP
- AB Cotspin IPO Lot Size
- AB Cotspin India IPO Lead Managers
- AB Cotspin India IPO Registrar
- AB Cotspin India IPO Allotment Date, Listing Date and other Important Dates
- Company Peers – Comparison of Accounting Ratios
- Company Registered Office
- Company Promoters
- AB Cotspin IPO – FAQS
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.
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
| Date | Details |
|---|---|
| June 23, 1997 | The company was originally incorporated as “Ganga Cottex Private Limited” at Jalandhar, as a Private Limited Company |
| March 20, 2010 | The 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, 2010 | The 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
| Description | ABCOTS IPO Details |
|---|---|
| Public Issue | Initial Public Issue of upto 28,84,000 equity shares of ₹ 10 (aggregating up to ₹ 10.09 Cr) |
| Issue Open Date | 30-Dec-21 |
| Issue Close Date | 03-Jan-22 |
| Issue Type | Book 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 Investor | Rs. 2,00,000 |
| Listing | NSE SME |
| NSE Symbol | ABCOTS |
| IPO Market Timings | 10.00 a.m. to 5.00 p.m. |
AB Cotspin India IPO DRHP & RHP
AB Cotspin IPO Lot Size
| Application | Lots | No of Shares | Amount (Rs) |
| Minimum | 1 | 4000 | ₹ 1,40,000 |
| Maximum | 1 | 4000 | ₹ 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
| Details | Date |
|---|---|
| Bid / Offer Opens on | 30-Dec-21 |
| Bid / Offer Closes on | 03-Jan-22 |
| Finalisation of Basis of Allotment | 06-Jan-22 |
| Initiation of refunds | 07-Jan-22 |
| Credit of the Equity Shares | 10-Jan-22 |
| Listing Date | 11-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?
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Great article on the upcoming IPO of AB Cotspin! Looking forward to learning more about the company and its prospects in the market.