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AB Cotspin IPO is a book built issue of Rs 10.09 crores. The issue is entirely a fresh issue of 28.84 lakh shares.
AB Cotspin IPO bidding started from December 30, 2021 and ended on January 3, 2022. The allotment for AB Cotspin IPO was finalized on Thursday, January 6, 2022. The shares got listed on NSE SME on January 11, 2022.
AB Cotspin IPO price band is set at ₹33 to ₹35 per share. The minimum lot size for an application is 4000 Shares. The minimum amount of investment required by retail investors is ₹140,000.
Pantomath Capital Advisors Pvt Ltd is the book running lead manager of the AB Cotspin IPO, while Link Intime India Private Ltd is the registrar for the issue.
Refer to AB Cotspin IPO RHP for detailed information.
| IPO Date | December 30, 2021 to January 3, 2022 |
| Listing Date | January 11, 2022 |
| Face Value | ₹10 per share |
| Price Band | ₹33 to ₹35 per share |
| Lot Size | 4000 Shares |
| Total Issue Size | 2,884,000 shares (aggregating up to ₹10.09 Cr) |
| Fresh Issue | 2,884,000 shares (aggregating up to ₹10.09 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Market Maker portion | 148,000 shares |
AB Cotspin IPO offers 2,884,000 shares. 1,368,000 (47.43%) to NII, 1,368,000 (47.43%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 148,000 (5.13%) |
| NII (HNI) Shares Offered | 1,368,000 (47.43%) |
| Retail Shares Offered | 1,368,000 (47.43%) |
| Total Shares Offered | 2,884,000 (100%) |
AB Cotspin IPO opens on December 30, 2021, and closes on January 3, 2022.
| IPO Open Date | Thursday, December 30, 2021 |
| IPO Close Date | Monday, January 3, 2022 |
| Basis of Allotment | Thursday, January 6, 2022 |
| Initiation of Refunds | Friday, January 7, 2022 |
| Credit of Shares to Demat | Monday, January 10, 2022 |
| Listing Date | Tuesday, January 11, 2022 |
| Cut-off time for UPI mandate confirmation | 5 PM on January 3, 2022 |
Investors can bid for a minimum of 4000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 4000 | ₹140,000 |
| Retail (Max) | 1 | 4000 | ₹140,000 |
| Lot Size Calculator | |||
Deepak Garg and Pooja Garg are the company promoters.
| Share Holding Pre Issue | 48.50% |
| Share Holding Post Issue | 34.91% |
Incorporated in 1997, AB Cotspin is engaged in the manufacturing of cotton yarn, knitted fabric, cottonseed oil, and oilcake products. The company manufactures products based on the orders from its clients.
The company has one manufacturing facility located in, Punjab, along with 2 warehouses and 1 shop cun godown to manage its supply chain operations. As of the date of the DRHP, the company has 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. The company has made significant investments in its manufacturing infrastructure to support its product portfolio requirements and reach. Majority of the company's customers are from Punjab and Haryana.
Competitive Strengths:
| Particulars | For the year/period ended (₹ in Millions) | ||||
|---|---|---|---|---|---|
| 30-Jun-21 | 31-Mar-21 | 31-Mar-20 | |||
| Total Assets | 718.42 | 636.96 | 527.61 | ||
| Total Revenue | 305.34 | 1,155.67 | 942.81 | ||
| Profit After Tax | 33.22 | 38.78 | 7.57 | ||
The market capitalization of AB Cotspin IPO is Rs 36.02 Cr.
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 2.71 |
[Dilip Davda] Based on super earnings for the last 15 months’ performance, the issue is lucratively priced, but if we consider its average performance for the last three fiscals, the issue is fully priced. Though the textile segment has been witnessing buying interest from some quarters on expectations of more sops for this labour oriented segment, many listed companies are available at cheaper valuations. The sustainability of recent margins enjoyed by the company is a major concern. Particularly its Q1-FY22 performance is raising eyebrows. Considering all these, risk seeker/cash surplus investors may consider parking their funds with a long term perspective. Others can ignore this IPO. Read detail review...
The AB Cotspin IPO is subscribed 13.46 times on January 3, 2022 5:00:00 PM. The public issue subscribed 17.47 times in the retail category, times in the QIB category, and 9.45 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| NII | 9.45 |
| Retail | 17.47 |
| Total | 13.46 |
| Listing Date | January 11, 2022 |
| BSE Script Code | |
| NSE Symbol | ABCOTS |
| ISIN | INE08PH01015 |
| Final Issue Price | ₹35 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹35.00 |
| ₹38.50 |
| ₹38.00 |
| ₹40.40 |
| ₹40.40 |
AB Cotspin India Limited
176, Homeland Enclave,
Bathinda,
Punjab – 151001
Phone: +91 01642970169
Email: investors@abcotspin.in
Website: http://www.abcotspin.com/
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: abcotspin.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
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Check our SME IPO Guide 
AB Cotspin IPO is a SME IPO of 2,884,000 equity shares of the face value of ₹10 aggregating up to ₹10.09 Crores. The issue is priced at ₹33 to ₹35 per share. The minimum order quantity is 4000 Shares.
The IPO opens on December 30, 2021, and closes on January 3, 2022.
Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in AB Cotspin IPO using UPI as a payment gateway. Zerodha customers can apply in AB Cotspin IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in AB Cotspin IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The AB Cotspin IPO opens on December 30, 2021 and closes on January 3, 2022.
AB Cotspin IPO lot size is 4000 Shares, and the minimum amount required is ₹140,000.
You can apply in AB Cotspin IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for AB Cotspin IPO will be done on Thursday, January 6, 2022, and the allotted shares will be credited to your demat account by Monday, January 10, 2022. Check the AB Cotspin IPO allotment status.
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