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AB Cotspin India Limited IPO (AB Cotspin IPO) Detail

Dec 30, 2021 - Jan 3, 2022

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:

  • Diverse product portfolio with a focus on quality
  • Experienced management and dedicated employee base
  • Repeat orders from satisfied customers
  • Location Advantage

Company Promoters:

Deepak Garg and Pooja Garg are the company promoters.

Company Financials:

Summary of financial Information (Restated Consolidated)
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

Objects of the Issue:

  • Funding the working capital requirements of the company; and
  • General corporate purposes

AB Cotspin IPO Details

IPO Opening Date Dec 30, 2021
IPO Closing Date Jan 3, 2022
Issue Type Book Built Issue IPO
Face Value ₹10 per equity share
IPO Price ₹33 to ₹35 per equity share
Market Lot 4000 Shares
Min Order Quantity 4000 Shares
Listing At NSE SME
Issue Size2,884,000 Eq Shares of ₹10
(aggregating up to ₹10.09 Cr)
Fresh Issue2,884,000 Eq Shares of ₹10
(aggregating up to ₹10.09 Cr)

AB Cotspin IPO Tentative Timetable

The AB Cotspin IPO open date is Dec 30, 2021, and the close date is Jan 3, 2022. The issue may list on Jan 11, 2022.

IPO Open Date Dec 30, 2021
IPO Close Date Jan 3, 2022
Basis of Allotment Date Jan 6, 2022
Initiation of Refunds Jan 7, 2022
Credit of Shares to Demat Account Jan 10, 2022
IPO Listing Date Jan 11, 2022

AB Cotspin IPO Lot Size

The AB Cotspin IPO market lot size is 4000 shares. A retail-individual investor can apply for up to 1 lots (4000 shares or ₹140,000).

Application Lots Shares Amount (Cut-off)
Minimum 1 4000 ₹140,000
Maximum 1 4000 ₹140,000

AB Cotspin IPO Promoter Holding

Pre Issue Share Holding 48.50%
Post Issue Share Holding 34.91%

AB Cotspin IPO Review

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...

AB Cotspin IPO Subscription Status (Bidding Detail)

The AB Cotspin IPO is subscribed 13.46 times on Jan 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)

CategorySubscription (times)
NII9.45
Retail17.47
Total13.46

AB Cotspin IPO Prospectus

AB Cotspin IPO Rating

181
3.8
Rating:Rated 3.8 stars
Vote Here ...

AB Cotspin IPO Listing Date

Listing Date Tuesday, January 11, 2022
BSE Script Code
NSE Symbol ABCOTS
Listing In ST Group of Securities
ISIN INE08PH01015
IPO Price ₹35 per equity share
Face Value ₹10 per equity share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
NSE SME
IPO Price: ₹35.00
Open: ₹38.50
Low: ₹38.00
High: ₹40.40
Last Trade: ₹40.40

Company Contact Information

AB Cotspin India Limited
176, Homeland Enclave,
Bathinda,
Punjab – 151001
Phone: +91 01642970169
Email: investors@abcotspin.in
Website: http://www.abcotspin.com/

AB Cotspin IPO Registrar

Link Intime India Private Ltd

Phone: +91-22-4918 6270
Email: abcotspin.ipo@linkintime.co.in
Website: https://linkintime.co.in/

AB Cotspin IPO Reviews / Ratings

AB Cotspin IPO FAQs

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 equity share. The minimum order quantity is 4000 Shares.

The IPO opens on Dec 30, 2021, and closes on Jan 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

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'AB Cotspin IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The AB Cotspin IPO opens on Dec 30, 2021 and closes on Jan 3, 2022.

AB Cotspin IPO lot size is 4000 Shares and the minimum order quantity is 4000 Shares.

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, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for AB Cotspin IPO will be done on Jan 6, 2022, and the allotted shares will be credited to your demat account by Jan 10, 2022. Check the AB Cotspin IPO allotment status.

The AB Cotspin IPO listing date is on Tuesday, January 11, 2022.

AB Cotspin IPO Message Board

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