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.
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
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 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: Rs 10 Per Equity Share
»» Issue Price: Rs 20 Per Equity Share
»» Market Lot: 6000 Shares
»» Minimum Order Quantity: 6000 Shares
»» Listing At: NSE SME
Laxmi Cotspin IPO Subscription Status tells if Laxmi Cotspin IPO subscribed or not. Investors can bid for IPO shares between 10 AM to 5 PM when public issue is open. Laxmi Cotspin IPO oversubscribed if bids are received for more shares than what is offered by the company.
|Number of Bids Received|
|As on Date & Time||QIB||NII||RII||Total|
|Shares Offered / Reserved|
|Day 1 - Mar 17, 2017 17:00 IST||0||810,000||252,000||1,062,000|
|Day 2 - Mar 20, 2017 17:00 IST||0||1,332,000||1,278,000||2,610,000|
|Day 3 - Mar 21, 2017 17:00 IST||0||1,512,000||3,192,000||4,704,000|
|Day 4 - Mar 22, 2017 18:45 IST||0||6,732,000||22,032,000||28,764,000|
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