|
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.
IPO Date | Mar 17, 2017 to Mar 22, 2017 |
Listing Date | Mar 31, 2017 |
Face Value | ₹10 per share |
Price | ₹20 per share |
Lot Size | 6000 Shares |
Total Issue Size | 4,800,000 shares (aggregating up to ₹9.60 Cr) |
Issue Type | Fixed Price Issue IPO |
Listing At | NSE SME |
The Laxmi Cotspin IPO lot size is 6000 shares.
Application | Lots | Shares | Amount |
---|---|---|---|
Retail (Min) | 1 | 6000 | ₹120,000 |
Retail (Max) | 1 | 6000 | ₹120,000 |
Lot Size Calculator |
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.
[Dilip Davda] Investors may consider investment in this issue for medium to long term. Read detail review...
The Laxmi Cotspin IPO is subscribed times on Mar 22, 2017 6:45:00 PM. The public issue subscribed times in the retail category, times in the QIB category, and times in the NII category. Check Day by Day Subscription Details (Live Status)
Category | Subscription (times) |
---|
Listing Date | Mar 31, 2017 |
BSE Script Code | |
NSE Symbol | LAXMICOT |
ISIN | INE801V01019 |
Final Issue Price | ₹20 per share |
Price Details |
---|
Final Issue Price |
Open |
Low |
High |
Last Trade |
NSE SME |
---|
₹20.00 |
₹21.00 |
₹19.50 |
₹21.35 |
₹19.90 |
Laxmi Cotspin Limited
GUT No. 399, Samangaon- Kajla Road,
in front of Meenatai Thakare Vridhashram,
Samangaon, Jalna- 431203
Phone: +91 2482-257295
Email: complianceofficerlaxmicotspin@gmail.com
Website: http://www.laxmicotspin.com
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: laxmicouspin.ipo@linkintime.co.in
Website: https://linkintime.co.in/
Are you an SME company looking for an IPO to raise funds and get listed in the stock market? We can help. Contact us today... SME IPO Enquiry Form
Laxmi Cotspin IPO is a SME IPO of 4,800,000 equity shares of the face value of ₹10 aggregating up to ₹9.60 Crores. The issue is priced at ₹20 per share. The minimum order quantity is 6000 Shares.
The IPO opens on Mar 17, 2017, and closes on Mar 22, 2017.
Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
The Laxmi Cotspin IPO opens on Mar 17, 2017 and closes on Mar 22, 2017.
Laxmi Cotspin IPO lot size is 6000 Shares and the minimum order quantity is .
You can apply in Laxmi 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 Laxmi Cotspin IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Laxmi Cotspin IPO allotment status.
Thank you,
Chittorgarh.com Forum Moderator
Forum Do''s And Don''ts (Common Sense)
Useful Articles
FREE Account Opening (₹0)
FREE Intraday Trading (Eq, F&O)
30 days brokerage free trading
Free - Relationship Manager
Free - Classroom Training
|
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.