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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.

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.

Laxmi Cotspin IPO Details

Laxmi Cotspin IPO Date Mar 17, 2017 to Mar 22, 2017
Laxmi Cotspin IPO Face Value ₹10 per share
Laxmi Cotspin IPO Price ₹20 per share
Laxmi Cotspin IPO Lot Size 6000 Shares
Issue Size4,800,000 shares of ₹10
(aggregating up to ₹9.60 Cr)
Issue Type Fixed Price Issue IPO
Listing At NSE SME
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

Laxmi Cotspin IPO Lot Size

The Laxmi Cotspin IPO lot size is 6000 shares. A retail-individual investor can apply for up to 1 lots (6000 shares or ₹120,000).

Application Lots Shares Amount
Minimum 1 6000 ₹120,000
Maximum 1 6000 ₹120,000

Laxmi Cotspin IPO Review

Investors may consider investment in this issue for medium to long term. Read detail review...

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Laxmi Cotspin IPO Subscription Status (Bidding Detail)

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)

CategorySubscription (times)

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
IPO Price ₹20 per share
Face Value ₹10 per share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
NSE SME
IPO Price: ₹20.00
Open: ₹21.00
Low: ₹19.50
High: ₹21.35
Last Trade: ₹19.90

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
Email: complianceofficerlaxmicotspin@gmail.com
Website: http://www.laxmicotspin.com

Laxmi Cotspin IPO Registrar

Link Intime India Private Ltd

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

Laxmi Cotspin IPO Reviews / Ratings

Laxmi Cotspin IPO FAQs

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, Edelweiss, 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.

The Laxmi Cotspin IPO listing date is on Friday, March 31, 2017.
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Laxmi Cotspin IPO Message Board

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114 Comments

60. Prabhakaran Kuppusamy |   Link |May 8, 2017 3:10:22 PM
Top Contributor Top Contributor (400+ Posts, 300+ Likes)
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.
59. raj shah |   Link |May 6, 2017 12:15:51 PM
irb listing price about 115 rs... confirm
58. nshiv |   Link |Apr 19, 2017 10:48:19 AM
Guys, is this a good stock to hold?? I got one lot... I don''t see this being traded a lot too..
58.1. PAPU |   Link |Apr 24, 2017 1:11:29 PM
NSHIV MUST BE HOLD, IT MAY BE TOUCH 30++ IN THIS WEAK NEWS CONFIRM
58.2. nshiv |   Link |May 2, 2017 11:46:24 AM
Now at 17.3 ... Is this still good to HOLD ???
57. PAPU |   Link |Apr 17, 2017 12:52:53 PM
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
56. Ahmedabadi Investor |   Link |Apr 10, 2017 8:31:23 AM
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.
55. TheLearner |   Link |Apr 7, 2017 1:26:18 PM
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...
54. pin |   Link |Apr 6, 2017 11:10:27 PM
Shu karu bhai ???? Rakhu k exit thai javay ????
53. pin |   Link |Apr 6, 2017 11:08:30 PM
I am holding 1 lot @ listing can any one pls tell wether it will touch 22 or no????
52. suresharyu |   Link |Apr 5, 2017 1:56:14 AM
It will be more +be in coming days
Target 23+by a week
51. gala |   Link |Apr 3, 2017 2:07:48 PM
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
More 2 lakh shares volume needed .... Soo flippers are out. ... Best thing is it is nt breaking issue price
51.3. Jo |   Link |Apr 3, 2017 10:35:52 PM
thankyou gala..
i means still some flipers are left in Laxmi?😮
51.4. Jo |   Link |Apr 5, 2017 4:30:09 PM
gala todays volume 96000 share treded ...flipers are out from the Laxmi? how is it looks now
50. jagadish abbigeri |   Link |Apr 1, 2017 10:26:59 AM
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.
49. gala |   Link |Mar 31, 2017 10:37:42 AM
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
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
49.11. Jo |   Link |Apr 2, 2017 9:53:05 PM
Gala and Jagdhish anyone give me Listing Date of BOHARA..
49.12. gala |   Link |Apr 2, 2017 10:09:26 PM
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
5th April I guess
48. gala |   Link |Mar 31, 2017 9:27:57 AM
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
Listing day gainers sell ur it at 21 ....
47. gala |   Link |Mar 31, 2017 9:25:26 AM
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
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
46. UnderRighter |   Link |Mar 30, 2017 10:39:32 PM
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"
46.1. Forum Modulator |   Link |Mar 30, 2017 10:50:16 PM
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

Thank you,

Chittorgarh.com Forum Moderator

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45. Smit Mehta |   Link |Mar 30, 2017 6:34:13 PM
Listing of Laxmi cotspin on which date ?
45.1. Kishor Asher |   Link |Mar 30, 2017 8:17:36 PM
Listing on Friday.
44. Sankey |   Link |Mar 30, 2017 11:56:03 AM
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.
43. Shuti |   Link |Mar 29, 2017 8:03:56 PM
Best of lckz to allotees
I think it ll list at uc
Listing on friday
43.3. Jo |   Link |Mar 29, 2017 11:26:45 PM
Listing on 30 march or 31 st march....And Around which price?
43.4. pin |   Link |Mar 29, 2017 11:45:26 PM
I think it should list tomorrow itself
42. Smit Mehta |   Link |Mar 29, 2017 5:47:11 PM
Listing date ?
41. pin |   Link |Mar 29, 2017 3:40:09 PM
Any body having idea abt how much it ll open?????
41.1. Dinesh Analyst |   Link |Mar 29, 2017 4:28:15 PM
may be 21.5 to 22 as per my expection