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.

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

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

IPO Opening Date	Mar 17, 2017
IPO Closing Date	Mar 22, 2017
Issue Type	Fixed Price Issue IPO
Face Value	₹10 per equity share
IPO Price	₹20 per equity share
Market Lot	6000 Shares
Min Order Quantity	6000 Shares
Listing At	NSE SME
Issue Size	4,800,000 Eq Shares of ₹10 (aggregating up to ₹9.60 Cr)

Laxmi Cotspin IPO Lot Size

The Laxmi Cotspin IPO market 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 (Cut-off)
Minimum	1	6000	₹120,000
Maximum	1	6000	₹120,000

Laxmi Cotspin IPO Subscription Status (Bidding Detail)

The Laxmi Cotspin IPO is subscribed times on Mar 22, 2017 18:45. The public issue subscribed in the retail category, in the QIB category, and in the NII category. Check Day by Day Subscription Details (Live Status)

Category	IPO Subscription
Total

Laxmi Cotspin IPO Prospectus

› Laxmi Cotspin IPO DRHP
› Laxmi Cotspin IPO RHP

Laxmi Cotspin IPO Rating

3.5

Rating:

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 equity share
Face Value	₹10 per equity share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
Volume

	NSE SME
IPO Price:	₹20.00
Open:	₹21.00
Low:	₹19.50
High:	₹21.35
Last Trade:	₹19.90
Volume:	1,596,000

Laxmi Cotspin IPO Reviews / Ratings

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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
   Link Intime India Private Ltd
   C 101, 247 Park, L.B.S.Marg,
   Vikhroli (West), Mumbai - 400083

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

Laxmi Cotspin IPO Lead Manager(s)

Hem Securities Limited

Lead Manager Reports

Laxmi Cotspin IPO FAQs

What is Laxmi Cotspin IPO?

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 equity 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.
When Laxmi Cotspin IPO will open?

The Laxmi Cotspin IPO opens on Mar 17, 2017 and closes on Mar 22, 2017.
What is the lot size of Laxmi Cotspin IPO?

Laxmi Cotspin IPO lot size is 6000 Shares and the minimum order quantity is 6000 Shares.
How to apply for Laxmi Cotspin IPO?

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.
When Laxmi Cotspin IPO allotment?

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.
When is Laxmi Cotspin IPO listing date?

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

Laxmi Cotspin IPO Message Board

Ranked Members

60. Prabhakaran Kuppusamy |May 8, 2017 16:10

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 |May 6, 2017 13:15

irb listing price about 115 rs... confirm

58. nshiv |Apr 19, 2017 11:48

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 |Apr 24, 2017 14:11

NSHIV MUST BE HOLD, IT MAY BE TOUCH 30++ IN THIS WEAK NEWS CONFIRM

58.2. nshiv |May 2, 2017 12:46

Now at 17.3 ... Is this still good to HOLD ???

57. PAPU |Apr 17, 2017 13:52

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 |Apr 10, 2017 09:31

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 |Apr 7, 2017 14:26

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 |Apr 7, 2017 00:10

Shu karu bhai ???? Rakhu k exit thai javay ????

53. pin |Apr 7, 2017 00:08

I am holding 1 lot @ listing can any one pls tell wether it will touch 22 or no????

52. suresharyu |Apr 5, 2017 02:56

It will be more +be in coming days
Target 23+by a week

51. gala |Apr 3, 2017 15:07

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

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51.3. Jo |Apr 3, 2017 23:35

thankyou gala..
i means still some flipers are left in Laxmi?ðŸ˜®

51.4. Jo |Apr 5, 2017 17:30

gala todays volume 96000 share treded ...flipers are out from the Laxmi? how is it looks now

50. jagadish abbigeri |Apr 1, 2017 11:26

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 |Mar 31, 2017 11:37

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

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49.1. jagadish abbigeri |Apr 1, 2017 11:23

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.

49.2. gala |Apr 1, 2017 11:29

Top Contributor (300+ Posts, 100+ Likes)

Yes u r ryt !! Bt still not all are out bt I will 75% of ppl who are flippers are out ....

49.3. jagadish abbigeri |Apr 1, 2017 19:43

U can also buy & stay invested in Sarthak Metals..

49.4. Jo |Apr 2, 2017 18:57

gata i got 1 lot of Laxmi what can i do?
hold or sale?
i wait for 15 days
pls give your Targets and Stoploss

49.5. gala |Apr 2, 2017 19:44

Top Contributor (300+ Posts, 100+ Likes)

As I said Jo .... Still 25% of flippers are left in this counter soo selling pressure will be there .... Bt tats true that big positions are being taken and also I must say that fundamentals are strong .... Evn hem sec lead manager has a history where the share prices rise aftr listing soo definitely not much to worry ..... If u r in fr 15 days ... 23-24 must be target keeping 18 as stop loss

49.6. Jo |Apr 2, 2017 20:05

Thankyou gala..for your valueable Advise..if i make new entry in Laxmi? at 19.50 to 20 leval?
and what is your view on Bohra Ltd..i got 4/13 so what can i do? i able hold it for 1 month.

49.7. Jo |Apr 2, 2017 20:07

is it possibal that LAXMI WILL touch 100Rs.in one year? gala pls advise me..

49.8. jagadish abbigeri |Apr 2, 2017 21:05

Yes, may be possible, if investors have patience.

49.9. gala |Apr 2, 2017 21:39

Top Contributor (300+ Posts, 100+ Likes)

Laxmi to buy will be tough call personally to give from my side ..... M nt buying m jst holding the lot ...... This decision depends on ur risk appetite and ur conviction .....
In case of bohra IND Jo ... Again many rii BT the case diff here was that it was lapped by Nii and fii .. soo surely positive listing arnd 60 - 62 .... Plus pantomath issues do great at listing day irrespective of fundamentals eg.euro India and manomay ..... My advise is sell 2 lots on listing day ... Sell the third on the next day aftr listing if u get more price and last one u can hold ..... Targets to sell first 3 shud be 63 - 70
Last one on ur own holding capacity and risk appetite .... I will end my personal holdings if reaches 70

49.10. Jo |Apr 2, 2017 22:52

Thankyou Gala once again for value able Advise..
Also Thankyou Jagadish for the Advise.

49.11. Jo |Apr 2, 2017 22:53

Gala and Jagdhish anyone give me Listing Date of BOHARA..

49.12. gala |Apr 2, 2017 23:09

Top Contributor (300+ Posts, 100+ Likes)

5th April I guess

48. gala |Mar 31, 2017 10:27

Top Contributor (300+ Posts, 100+ Likes)

Listing day gainers sell ur it at 21 ....

47. gala |Mar 31, 2017 10:25

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 |Mar 30, 2017 23:39

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 |Mar 30, 2017 23:50

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 |Mar 30, 2017 19:34

Listing of Laxmi cotspin on which date ?

45.1. Kishor Asher |Mar 30, 2017 21:17

Listing on Friday.

44. Sankey |Mar 30, 2017 12:56

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 |Mar 29, 2017 21:03

Best of lckz to allotees
I think it ll list at uc
Listing on friday

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