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Laxmi Cotspin Limited IPO (Laxmi Cotspin IPO) Detail

Mar 17, 2017 - Mar 22, 2017

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Incorporated in 2008, Laxmi Cotspin Limited is a leading manufacturer of high quality cotton lint, cotton yarn, fabrics and garments. They are engaged in the business of cotton processing in textile industry. Company's business is spread among home textiles, weaving sector, Denim Manufactures and hosiery manufacturers through open end yarn and ring spun yarn.

Located in the district of Jalna, in the state of Maharashtra, India, the company started with a capacity of 13,200 spindles. In a short span of time, it has expanded its production facility to 16,800 spindles with compact, lycra and slub attachment. Addition to this they have set up one open end unit with 1200 Rotors. They manufacture quality pesticide free, organic & non organic cotton bales.

They export their yarn to Bangladesh, China, Russia, Brazil, Taiwan, Korea, Singapore, Colombia, Iran & Indonesia. They also sale their yarn to various corporate like Alok Indus, Gimatex, Hindustan Spg., Bombay Dyeing, Bharat Vijay Mills, Ashima Ltd and Maral Overseas Ltd.

Company Promoters:

The Promoters of the company are:

1. Mr. Sanjay Rathi
2. Mr. Shivratan Mundada
3. Mr. Bhavesh Patel
4. Mr. Rajesh Bansal
5. Ashwa Multi Trade Private Ltd

Objects of the Issue:

The object of the issue are:

1. Achieve the benefits of listing the Equity Shares on the Emerge Platform of NSE;
2. To carry out the sale of 48,00,000 Equity Shares by the Selling Shareholders; and
3. Enhance their brand name and provide liquidity to the existing shareholders.

Issue Detail:

  »»  Issue Open: Mar 17, 2017 - Mar 22, 2017
  »»  Issue Type: Fixed Price Issue IPO
  »»  Issue Size: 4,800,000 Equity Shares of Rs 10 aggregating up to Rs 9.60 Cr
  »»  Face Value: 10
  »»  Issue Price: Rs. 20 Per Equity Share
  »»  Market Lot: 6000 Shares
  »»  Minimum Order Quantity: 6000 Shares
  »»  Listing At: NSE SME

Laxmi Cotspin IPO Reviews:

  1. Laxmi Cotspin Limited IPO review by Dilip Davda

Issue Subscription Detail / Current Bidding Status

Number of Bids Received
As on Date & TimeQIBNIIRIITotal
Shares Offered / Reserved
Day 1 - Mar 17, 2017 17:00 IST0810,000252,0001,062,000
Day 2 - Mar 20, 2017 17:00 IST01,332,0001,278,0002,610,000
Day 3 - Mar 21, 2017 17:00 IST01,512,0003,192,0004,704,000
Day 4 - Mar 22, 2017 18:45 IST06,732,00022,032,00028,764,000

Laxmi Cotspin IPO Prospectus

Laxmi Cotspin IPO Rating

75
3.5
Rating:Rated 3.5 stars

Vote Here ...

Laxmi Cotspin IPO News Alerts

  1. Wednesday, March 22, 2017 12:00:00 AM
    Laxmi Cotspin Limited IPO - Close
  2. Friday, March 17, 2017 12:00:00 AM
    Laxmi Cotspin Limited IPO - Open

Company Contact Information

Laxmi Cotspin Limited
GUT No. 399, Samangaon- Kajla Road,
in front of Meenatai Thakare Vridhashram,
Samangaon, Jalna- 431203
Phone: +91 2482-257295
Fax: + 91 02482 257200
Email: complianceofficerlaxmicotspin@gmail.com
Website: http://www.laxmicotspin.com

Laxmi Cotspin IPO Registrar

Link Intime India Private Ltd   »  Report
   Link Intime India Private Ltd,
   C-13 Pannalal Silk Mills Compound,
   LBS Marg, Bhandup West, Mumbai 400078

Phone: +91-22-25963838
Fax: +91-22-25946969
Email: laxmicouspin.ipo@linkintime.co.in
Website: http://www.linkintime.co.in

Laxmi Cotspin IPO Lead Manager(s)

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Laxmi Cotspin IPO Review / Comments

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29. Jo  Mar 28, 2017 1:57:38 PM IST I Like It. | Report Abuse Reply
What is the primium of subject too? 1 lot primimum ?
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28. Jo  Mar 28, 2017 1:56:48 PM IST I Like It. | Report Abuse Reply
I also got masseage of allotment of 1 lot..
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27. Hari Blr  Mar 28, 2017 1:53:51 PM IST I Like It. | Report Abuse Reply
I got a message today morning at 10:45 that 6000 shares allotted for my application.
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26. CA nkn  Mar 28, 2017 12:55:25 PM IST I Like It. | Report Abuse Reply
yes.... allotment still not out
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26.1. Dinesh Analyst  Mar 28, 2017 1:42:30 PM IST I Like It. | Report Abuse
Dear Pls Send Your Mail ID i will provide you the NSE Allotment Mail
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25. sunil s pareek  Mar 28, 2017 12:36:38 PM IST I Like It. | Report Abuse Reply
allotment still not out
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25.1. Dinesh Analyst  Mar 28, 2017 1:42:41 PM IST I Like It. | Report Abuse
Dear Pls Send Your Mail ID i will provide you the NSE Allotment Mail
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24. Dinesh Analyst  Mar 28, 2017 11:27:25 AM IST I Like It. 1 | Report Abuse Reply
I Got Mail from NSE and Got 3 Lot in HNI Quota
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24.1. RAJPAN  Mar 28, 2017 12:30:58 PM IST I Like It. | Report Abuse
@Dinesh,
How much lot did you apply in HNI category of Laxmi Cotspin. Thanks. Please throw some light.
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24.2. Gomzee  Mar 28, 2017 12:47:32 PM IST I Like It. | Report Abuse
@Dinesh NSE does not mail such... Registrar do mail.... NSE mails you about your application...dont fool people...
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24.3. Dinesh Analyst  Mar 28, 2017 1:39:42 PM IST I Like It. | Report Abuse
@ Gomzee Apke Kuch Udhaar Nahi Le Rakha Hai Mena jo Thuhe Pagal Banunga Waise apni Mail Id do me Mail Ker deta Hu Apko and check ker lena mail kaha se aayi hai
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23. anudeep Rastogi  Mar 28, 2017 11:23:33 AM IST I Like It. | Report Abuse Reply
Any news on allotment and listing day guys??
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22. SecTheta  Mar 28, 2017 11:16:15 AM IST I Like It. | Report Abuse Reply
Allotments are OUT!
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22.1. Smiter  Mar 28, 2017 11:22:36 AM IST I Like It. | Report Abuse
Not showing on linkintime site
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22.2. anudeep Rastogi  Mar 28, 2017 11:24:13 AM IST I Like It. | Report Abuse
plz post the link...
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22.3. SecTheta  Mar 28, 2017 11:33:51 AM IST I Like It. 1 | Report Abuse
Got emails from NSE. There is no link as such where these can be checked. I hope by today EOD, the status will be updated at LinkInTime website.
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21. CA nkn  Mar 27, 2017 11:33:44 AM IST I Like It. | Report Abuse Reply
TODAY EVENING ALLOTMENT
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20. Shuti  Mar 26, 2017 10:37:07 PM IST I Like It. 1 | Report Abuse Reply
Allotment on Tuesday... Listing on Thursday
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20.1. Jo  Mar 27, 2017 1:04:14 AM IST I Like It. | Report Abuse
You are Sure Shuti?
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19. Jo  Mar 25, 2017 6:34:42 PM IST I Like It. | Report Abuse Reply
Pls give allotment date of LAXMI...
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19.1. SecTheta  Mar 25, 2017 8:03:50 PM IST I Like It. | Report Abuse
Most probably on Monday
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19.2. Jo  Mar 25, 2017 8:26:11 PM IST I Like It. | Report Abuse
Ok thanx...SecTheta
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18. CA nkn  Mar 25, 2017 11:05:40 AM IST I Like It. | Report Abuse Reply
Kostak Price-- 5000 confirm
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17. CA nkn  Mar 24, 2017 7:19:15 PM IST I Like It. 2 | Report Abuse Reply
GOOD VALUATION -- PE 8+ , AND GOOD MANAGEMENT ALSO LISTING WILL GOOD ...... HOLD FOR ONE WEEK AT LEAST....

RMC SWICH GEAR-- ISSUE PRICE- 27 AND LISTING 29, NOW 45 + TRADING
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17.1. anudeep Rastogi  Mar 25, 2017 1:08:39 PM IST I Like It. | Report Abuse
Rightly said. listing may not be bumper but definetly its a "hold" for sometime ....50% upside quickly possible
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17.2. Jo  Mar 28, 2017 12:23:41 AM IST I Like It. | Report Abuse
what is your target for a week?? in Laxmi?
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16. anudeep Rastogi  Mar 24, 2017 11:55:32 AM IST I Like It. | Report Abuse Reply
even at 25PE Airan could manage to get listed at 20% ...Laxmi has much better valuations ..definitely upper circuit guys ..dont worry
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15. gala  Mar 23, 2017 9:11:59 AM IST I Like It. | Report Abuse Reply
Low subscription fr upper circuit ..... Listing will be positive though
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15.1. Jo  Mar 23, 2017 9:54:51 AM IST I Like It. | Report Abuse
kitala return mil sakta hai on listing day?
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15.2. gala  Mar 23, 2017 10:41:53 AM IST I Like It. | Report Abuse
7 to 10% ...... Hopefully bt concern is less NII and soo many retail application ...
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15.3. satya  Mar 23, 2017 7:40:57 PM IST I Like It. 1 | Report Abuse
Don''t worry gala. if you see Oceanic foods & maximum international, the subscription is very low though they are raising 6.5,3.5 cr respectively. but, laxmi cotspin is raising 9.6cr. If you think, retailers are greedy.. the oversubscription should happen there also. But highly-aware retailers shown more interest in laxmi cotspin.

As I pointed before, expansion plan is the growth factor to apply for any SME. This is the one. Don''t worry about QIB and NII. they may be in year-end consolidation.
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15.4. Jo  Mar 24, 2017 8:19:09 PM IST I Like It. | Report Abuse
thax gala..nd please share your view on Bohara Ind Sme Ipo
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15.5. gala  Mar 25, 2017 8:11:56 PM IST I Like It. | Report Abuse
Bohra is a apply .... Again 20% upper circuit on listing day will not be possible
Much will depend on over subscription .... Listing positive assured maybe 5% - 10% up
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15.6. Jo  Mar 26, 2017 10:31:19 AM IST I Like It. | Report Abuse
ok thanx gala.... how many times over subscription required for Upper circuit?
if it over subscribe 5 to 6X then how much listing gain possibal?
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14. Shuti  Mar 22, 2017 9:59:55 PM IST I Like It. | Report Abuse Reply
Good Company
No litigation. Nice growth. Nice valuations
Only concern factor if trade received varies increased by 6 cr in 6 months. Even if we remove that the book values comes to 20 rs
Expect uc up to Rs 35
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13. CA nkn  Mar 22, 2017 2:52:59 PM IST I Like It. 1 | Report Abuse Reply
Good fundamentals and attractive PE
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13.1. Market Pundit  Mar 23, 2017 5:16:32 PM IST I Like It. | Report Abuse
No
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12. sunil s pareek  Mar 22, 2017 2:39:00 PM IST I Like It. | Report Abuse Reply
good company,,, good management... go for it
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11. sunil s pareek  Mar 22, 2017 2:38:08 PM IST I Like It. | Report Abuse Reply
Bid Details for LAXMICOT as on 22-Mar-2017 14:30:54 IST
Sr. No      Category      No of shares bid for
1      Qualified Institutional Buyers(QIBs)      0
1(a)      Foreign Institutional Investors(FIIs)      0
1(b)      Domestic Financial Institutions(Banks/ Financial Institutions(FIs)/ Insurance Companies)      0
1(c)      Mutual funds      0
1(d)      Others      0
2      Non Institutional Investors      36,90,000
2(a)      Corporates      9,66,000
2(b)      Individuals(Other than RIIs)      27,24,000
2(c)      others      0
3      Retail Individual Investors(RIIs)      93,48,000
3(a)      Cut Off      0
3(b)      Price bids      93,48,000
Total      1,30,38,000
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11.1. rohan patel  Mar 22, 2017 5:10:56 PM IST I Like It. | Report Abuse
Dear Sir
How we can know such detail subscription status?
Any idea or any website name ?
avatar
10. pin  Mar 22, 2017 1:14:43 PM IST I Like It. | Report Abuse Reply
Should i apply i hav 6 application pls reply fast
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