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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 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 Date Dec 30, 2021 to Jan 3, 2022
Listing Date Tuesday, January 11, 2022
Face Value ₹10 per share
Price ₹33 to ₹35 per share
Lot Size 4000 Shares
Issue Size2,884,000 shares of ₹10
(aggregating up to ₹10.09 Cr)
Fresh Issue2,884,000 shares of ₹10
(aggregating up to ₹10.09 Cr)
Issue Type Book Built Issue IPO
Listing At NSE SME
Company Promoters

Deepak Garg and Pooja Garg are the company promoters.

AB Cotspin IPO Tentative Timetable

AB Cotspin IPO opens on Dec 30, 2021, and closes on Jan 3, 2022. The AB Cotspin IPO bid date is from Dec 30, 2021 10.00 A.M. to Jan 3, 2022 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day.

Event Tentative Date
Opening Date Dec 30, 2021
Closing Date Jan 3, 2022
Basis of Allotment Jan 6, 2022
Initiation of Refunds Jan 7, 2022
Credit of Shares to Demat Jan 10, 2022
Listing Date Jan 11, 2022

AB Cotspin IPO Lot Size

The AB Cotspin IPO 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
Retail (Min) 1 4000 ₹140,000
Retail (Max) 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 share
Face Value ₹10 per share

Listing Day Trading Information

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

AB Cotspin IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 1 0 0
Members 0 0 0

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IPO Broker Recommendations

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 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 .

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.
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AB Cotspin IPO Message Board

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306 Comments

92. AbFrancis |   Link |Feb 19, 2022 11:18:04 AM
When are the upcoming results expected of this firm?
92.1. Aryaonline |   Link |Feb 20, 2022 11:33:27 PM
Kisi ke pass koi ans????
91. Dinesh Singh |   Link |Feb 1, 2022 10:20:09 PM
IPO Guru IPO Guru (1100+ Posts, 400+ Likes)
Sold all 3 lot @ 58.5 today.
90. c.dinesh |   Link |Feb 1, 2022 3:37:22 PM
Top Contributor Top Contributor (200+ Posts)
Sold 1 lot @ 58 . Holding 1 more lot.
89. Arca |   Link |Jan 31, 2022 12:04:50 PM
IPO Mentor IPO Mentor (700+ Posts, 400+ Likes)
Sold today because it went below my SL 47.5 ,i may buy this back if upcoming results are same or better than q1.
88. MehulStk |   Link |Jan 31, 2022 9:51:41 AM
Top Contributor Top Contributor (400+ Posts, 100+ Likes)
Any news on result ? stock started falling down everyday?
87. Dinesh Singh |   Link |Jan 29, 2022 10:00:29 AM
IPO Guru IPO Guru (1100+ Posts, 400+ Likes)
Why this is going down day by day?
86. AbFrancis |   Link |Jan 25, 2022 12:46:04 PM
Why is this stock not trading today. There aren't any buyers or sellers for this stock on zerodha? Could anyone help explain why.

Thanks.
86.1. c.dinesh |   Link |Jan 25, 2022 3:29:07 PM
Top Contributor Top Contributor (200+ Posts)
ABCOTS-ST has moved out of 5 % circuit . The script name changed to ABCOTS-SM with 20 % circuit . 196k shares traded.
86.2. AbFrancis |   Link |Jan 25, 2022 3:37:32 PM
@ c.dinesh Thanks. Much appreciated.
85. Arca |   Link |Jan 23, 2022 10:47:22 PM
IPO Mentor IPO Mentor (700+ Posts, 400+ Likes)
Does anyone know any information about the upcoming quarterly/half yearly results of this company?
84. MDinesh |   Link |Jan 19, 2022 10:58:50 AM
Stock UC streak ended today, 650K shares traded today till now.
84.2. MDinesh |   Link |Jan 19, 2022 12:36:54 PM
@MRavi By any chance you sold your allotted shares today? :)
84.3. MRavichandran |   Link |Jan 23, 2022 5:17:15 PM
IPO Guru IPO Guru (1700+ Posts, 2300+ Likes)
@MDinesh,
I did not sell anything. I will keep my allotments of AB COTS, for last quarter results.

Thanks
83. MADAN LAL GARG |   Link |Jan 19, 2022 8:14:22 AM
Sir
When in 20% UC or L C
Please reply
82. Arca |   Link |Jan 13, 2022 9:20:24 AM
IPO Mentor IPO Mentor (700+ Posts, 400+ Likes)
I guess after seeing nupur😬, no one is willing to sell ab cotspin.
82.2. Arca |   Link |Jan 15, 2022 6:33:23 AM
IPO Mentor IPO Mentor (700+ Posts, 400+ Likes)
Yes sir , even i have max target of 105( if q2 is same as q1 or better). Do you have any idea when will they announce quarterly or half yearly results?
82.3. Arindam Chaudhary |   Link |Jan 19, 2022 10:38:06 AM
At the end of the day, AB Cotspin is a profit making company. Profit rules all
81. Arca |   Link |Jan 12, 2022 10:51:53 AM
IPO Mentor IPO Mentor (700+ Posts, 400+ Likes)
Is there any way to check the major shareholders & no of shareholders in a stock?
81.3. K.Atar |   Link |Jan 12, 2022 5:32:28 PM
IPO Mentor IPO Mentor (900+ Posts, 500+ Likes)
I am afraid that might not be possible since what you are looking for changes hand very quickly, exchanges are able to maintain data only upto major shareholders & bulk/block deal only as per my little knowledge. However if you come across what you are looking for pls share here on this forum for the benefit of everyone.
Thanks
81.4. Arca |   Link |Jan 12, 2022 5:54:21 PM
IPO Mentor IPO Mentor (700+ Posts, 400+ Likes)
Sure k atar ,I will definitely share here and the above information is also very useful.like I didn''t know fii is holding in nupur
80. rsk |   Link |Jan 11, 2022 8:55:56 PM
IPO Mentor IPO Mentor (500+ Posts, 300+ Likes)
Bulk deal
11-Jan-22      ABCOTS      A B Cotspin India Limited      ANANT WEALTH CONSULTANTS PRIVATE LIMITED      BUY      252000      39.91      -

From kolkata, Mahendra Jalan is director
80.6. K.Atar |   Link |Jan 12, 2022 8:06:58 AM
IPO Mentor IPO Mentor (900+ Posts, 500+ Likes)
@Anant ji,,

With due respect, I meant to say 8.7 % of fresh offer, not entire company mkt cap, i would have said same if i wanted to. It was limited to the context of the information provided previously only., please see in that connection only.

Thanks
80.7. AGR |   Link |Jan 12, 2022 9:39:44 AM
@K.Atar, Thanks for bulk deal link
79. lokes |   Link |Jan 11, 2022 9:47:10 AM
IPO Guru IPO Guru (3500+ Posts, 4000+ Likes)
Expected listing of 38.5 , it may hit upper circuit.
79.3. lokes |   Link |Jan 11, 2022 1:32:55 PM
IPO Guru IPO Guru (3500+ Posts, 4000+ Likes)
@MRavi: Congrats sir on your big risk/reward here :)
i feel it can go upto 48-50 in short term, seeing the demand.
Company performance/growth/financials everything is good and it can give good reward in longer run also if growth sustains.
We have three dinesh here who got 1,2,3 lots in this ipo :)
79.4. MDinesh |   Link |Jan 11, 2022 5:07:53 PM
I am one among them ;)
78. Samanya Bharatiy |   Link |Jan 11, 2022 10:30:54 AM
@ all gurus,
I am holding cotspin shares in HDFC sec. But have faced issue placing preopen sell order and even now cant place sell order. The shares dont show up under portfolio as well.
Is this normal? Does hdfc allow to place preopen orders? Am confused.
78.1. Samanya Bharatiy |   Link |Jan 11, 2022 12:54:35 PM
@admin, @anyone with HDFC Sec account,
This is my 3rd allotment overall after GLS, Cartrade. In these I didnt try to place sell orders.
I am able to place sell order after 10.30AM in AB Cotspin. But could not place sell in preopen. Does HDFC sec at all allow to sell in preopen?
77. HARI IPO |   Link |Jan 11, 2022 11:56:27 AM
Alloted Nupur and AB Cotspin. I exited both on Pre-open i.e Rs. 74 and 38.5 as I only for listing again, having no power to hold for long term or even upto 10 AM.
77.1. Arca |   Link |Jan 11, 2022 12:29:50 PM
IPO Mentor IPO Mentor (700+ Posts, 400+ Likes)
Nothing wrong in it ,acting according to our risk appetite is totally fine.
Congrats on 14k profit
76. c.dinesh |   Link |Jan 11, 2022 10:04:48 AM
Top Contributor Top Contributor (200+ Posts)
Strange Issue - Not able to see my holding of ABCOTS-ST in Prostocks ( Minor Account )today . Not able to reach their support team . Any one using Prostocks facing same issue?
76.1. Team Chittorgarh.com |   Link |Jan 11, 2022 10:35:27 AM
IPO Mentor IPO Mentor (700+ Posts, 1100+ Likes)
Issue solved by Prostocks. Please try now.

Thank you,
@Admin, Team Chittorgarh.com

ProStocks - Broker with Unlimited Trades @ Rs 899 Per Month (or Rs 15 per trade) + Zero Account Opening + Rs 0 Equity Delivery Brokerage + AMC Free Demat Open FREE Account

Disclaimer: Equity investments are subject to 100% market risks. Refer to your financial consultant's advice before Investing. This group is only for Educational and Learning, Knowledge Purposes. Admins have no responsibility for your intended decision & financial losses. Keep calculated & always analyzed your cash position and risk-bearing capacity before following msg of our group.

76.2. c.dinesh |   Link |Jan 11, 2022 10:43:40 AM
Top Contributor Top Contributor (200+ Posts)
@Admin, Yes got a callback from them for the ticket raised and it seems the issue was with ISIN mismatch from their side . Thanks for the update again.
75. Rajnikant bhadani |   Link |Jan 11, 2022 10:10:08 AM
Z......oom frize u c
74. Arca |   Link |Jan 11, 2022 9:55:24 AM
IPO Mentor IPO Mentor (700+ Posts, 400+ Likes)
I am holding for some days let''s see how it goes
Stop loss @ 35
73. Arca |   Link |Jan 11, 2022 9:07:50 AM
IPO Mentor IPO Mentor (700+ Posts, 400+ Likes)
Demand seems to be higher than I thought
pre indicative price 50
73.1. MDinesh |   Link |Jan 11, 2022 9:12:17 AM
Yes, 33 mins more for final price 😊
73.2. Arca |   Link |Jan 11, 2022 9:50:32 AM
IPO Mentor IPO Mentor (700+ Posts, 400+ Likes)
😐 listed at 38.5