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Laxmi Cotspin Limited IPO (Laxmi Cotspin IPO) Detail

Mar 17, 2017 - Mar 22, 2017

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: 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 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 IST08100002520001062000
Day 2 - Mar 20, 2017 17:00 IST0133200012780002610000
Day 3 - Mar 21, 2017 17:00 IST0151200031920004704000
Day 4 - Mar 22, 2017 18:45 IST067320002203200028764000

Laxmi Cotspin IPO Prospectus

Laxmi Cotspin IPO Rating

75
3.5
Rating:Rated 3.5 stars

Vote Here ...

Laxmi Cotspin IPO Listing Date

  •   ›  Listing Date: Friday, March 31, 2017
  •   ›  BSE Script Code:
  •   ›  NSE Symbol: LAXMICOT
  •   ›  Listing In:
  •   ›  ISIN: INE801V01019
  •   ›  Issue Price: Rs 20 Per Equity Share
  •   ›  Face Value: Rs 10 Per Equity Share

Listing Day Trading Information

NSE SME
Issue Price:Rs 20.00
Open:Rs 21.00
Low:Rs 19.50
High:Rs 21.35
Last Trade:Rs 19.90
Volume:1,596,000

Laxmi Cotspin IPO News Alerts

  1. Friday, March 31, 2017 12:00:00 AM
    Laxmi Cotspin Limited IPO - Listing
  2. Wednesday, March 22, 2017 12:00:00 AM
    Laxmi Cotspin Limited IPO - Close
  3. 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

avatar
60. Prabhakaran Kuppusamy  May 8, 2017 3:10:22 PM IST I Like It. | Report Abuse
Is the SME issues taking a break now?
I dont see any issues appearing in near-immediate-future.
This will help LaxmiCot; as investors will identify the already existing SME stocks in secondary market which are multi-bagger and trading with discount to its peers.
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59. raj shah  May 6, 2017 12:15:51 PM IST I Like It. | Report Abuse
irb listing price about 115 rs... confirm
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58. nshiv  Apr 19, 2017 10:48:19 AM IST I Like It. | Report Abuse
Guys, is this a good stock to hold?? I got one lot... I don''t see this being traded a lot too..
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58.1. PAPU  Apr 24, 2017 1:11:29 PM IST I Like It. | Report Abuse
NSHIV MUST BE HOLD, IT MAY BE TOUCH 30++ IN THIS WEAK NEWS CONFIRM
avatar
58.2. nshiv  May 2, 2017 11:46:24 AM IST I Like It. | Report Abuse
Now at 17.3 ... Is this still good to HOLD ???
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57. PAPU  Apr 17, 2017 12:52:53 PM IST I Like It. | Report Abuse
DON''T SELL IT IT WILL BE TOUCH 30+ IN 1 WEAK , PROMOTER BUY IT AT THIS LEVEL AND NON PROMOTOR SOLD IT''S PLESAE SEE EXAPLE, OF FOCUS LIGHT AND DEV IT IT WILL BE 20% UPPER CIRCUIT TODAY LAXMI WILL BE GO ON 20% UPPER CIRCUIT
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56. Ahmedabadi Investor  Apr 10, 2017 8:31:23 AM IST I Like It. | Report Abuse
Any SME IPO under Hem if not subscribed heavily in Retail & HNI then return can not be more than 0.5 / 1 Rs. Slowly it will go in discount. It may take long long time to get some return. It''s better to exit and invest in some other scripts other than Hem''s. They will not allow people to earn money.
avatar
55. TheLearner  Apr 7, 2017 1:26:18 PM IST I Like It. | Report Abuse
MORE PAIN TO COME SLOWLY SOMEONE IS ACCUMULATING THE scrip, but no big buyer... so no huge movement. not selling because promoters are good and company is available at very cheap valuations. may touch 19 or even 18. patience will be tested for sure...
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54. pin  Apr 6, 2017 11:10:27 PM IST I Like It. | Report Abuse
Shu karu bhai ???? Rakhu k exit thai javay ????
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53. pin  Apr 6, 2017 11:08:30 PM IST I Like It. | Report Abuse
I am holding 1 lot @ listing can any one pls tell wether it will touch 22 or no????
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52. suresharyu  Apr 5, 2017 1:56:14 AM IST I Like It. | Report Abuse
It will be more +be in coming days
Target 23+by a week
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51. gala  Apr 3, 2017 2:07:48 PM IST I Like It. | Report Abuse
Top Contributor Top Contributor (200+ Posts)
More 2 lakh shares volume needed .... Soo flippers are out. ... Best thing is it is nt breaking issue price
avatar
51.3. Jo  Apr 3, 2017 10:35:52 PM IST I Like It. | Report Abuse
thankyou gala..
i means still some flipers are left in Laxmi?😮
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51.4. Jo  Apr 5, 2017 4:30:09 PM IST I Like It. | Report Abuse
gala todays volume 96000 share treded ...flipers are out from the Laxmi? how is it looks now
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50. jagadish abbigeri  Apr 1, 2017 10:26:59 AM IST I Like It. | Report Abuse
Friends, I have applied for laxmi cot IPO but not allotted. But luckily I bought it on listing day at issue price 20 Rs. I will keep it minimum 1 year. It will reach 100+ . All weak investors r out of the counter now. Same thing has happened in Steelcity Securities on listing day but gone up from next trading sessions. Now Big Investors taken position in Laxmi Cotspin.
avatar
49. gala  Mar 31, 2017 10:37:42 AM IST I Like It. | Report Abuse
Top Contributor Top Contributor (200+ Posts)
It will go negative ..... Many retailers is always a problem .... Those who have faith keep the stock .... Others sell it at 20 ... Orelse u may lose money ..... It will end negative ..... Evn down 10 15 % won''t surprise me
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49.11. Jo  Apr 2, 2017 9:53:05 PM IST I Like It. | Report Abuse
Gala and Jagdhish anyone give me Listing Date of BOHARA..
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49.12. gala  Apr 2, 2017 10:09:26 PM IST I Like It. | Report Abuse
Top Contributor Top Contributor (200+ Posts)
5th April I guess
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48. gala  Mar 31, 2017 9:27:57 AM IST I Like It. | Report Abuse
Top Contributor Top Contributor (200+ Posts)
Listing day gainers sell ur it at 21 ....
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47. gala  Mar 31, 2017 9:25:26 AM IST I Like It. | Report Abuse
Top Contributor Top Contributor (200+ Posts)
As I said alot of retailers applying is always risky coz they tend to sell on listing day ..... But nothing to worry once that weak hands are out the stock will get ready fr a fast rebound ..... Mainly above 20 closing is important .... Target of 24 sureshot
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46. UnderRighter  Mar 30, 2017 10:39:32 PM IST I Like It. | Report Abuse
Looks like admin of this site would have auto set the below email to be sent to all members on 30th March 2017 at 8.31 PM........ :p

"2. Shankara Building Products Ltd IPO Allotment Status is now available online

Allotment Status is now available online for Shankara Building Products Ltd, retailers of home improvement and building products in India. Issue was over subscribed 41.88 times (15.35 times in retail). The equity shares of Shankara Building Products will list on BSE and NSE"
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46.1. Forum Modulator  Mar 30, 2017 10:50:16 PM IST I Like It. | Report Abuse
Hi UnderRighter,

The email sent about Sankara is correct. You could check the status at:

http://www.bseindia.com/investors/appli_check.aspx

Please let us know if you have any further questions.

Thanks
avatar
45. Smit Mehta  Mar 30, 2017 6:34:13 PM IST I Like It. | Report Abuse
Listing of Laxmi cotspin on which date ?
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45.1. Kishor Asher  Mar 30, 2017 8:17:36 PM IST I Like It. | Report Abuse
Listing on Friday.
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44. Sankey  Mar 30, 2017 11:56:03 AM IST I Like It. | Report Abuse
It will definitely list at upper circuit. NAV per share is 25.16 (refer page 72 of Prospectus). Also PE for Laxmi is 10, and average of industry is 20. No Promoter selling shares. Only non-Promoters are exiting to book profit. Hold it for one-two week and see it trading double, just like Airan is almost double in one week.
avatar
43. Shuti  Mar 29, 2017 8:03:56 PM IST I Like It. | Report Abuse
Best of lckz to allotees
I think it ll list at uc
Listing on friday
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43.3. Jo  Mar 29, 2017 11:26:45 PM IST I Like It. | Report Abuse
Listing on 30 march or 31 st march....And Around which price?
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43.4. pin  Mar 29, 2017 11:45:26 PM IST I Like It. | Report Abuse
I think it should list tomorrow itself
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42. Smit Mehta  Mar 29, 2017 5:47:11 PM IST I Like It. | Report Abuse
Listing date ?
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41. pin  Mar 29, 2017 3:40:09 PM IST I Like It. | Report Abuse
Any body having idea abt how much it ll open?????
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41.1. Dinesh Analyst  Mar 29, 2017 4:28:15 PM IST I Like It. | Report Abuse
may be 21.5 to 22 as per my expection
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