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Laxmi Cotspin Limited IPO (Laxmi Cotspin IPO) Detail

March 17, 2017 - March 22, 2017

Laxmi Cotspin IPO is a fixed price issue of Rs 9.60 crores.

Laxmi Cotspin IPO bidding started from March 17, 2017 and ended on March 22, 2017. The shares got listed on NSE SME on March 31, 2017.

Laxmi Cotspin IPO price is ₹20 per share. The minimum lot size for an application is 6000 Shares. The minimum amount of investment required by retail investors is ₹120,000.

Hem Securities Limited is the book running lead manager of the Laxmi Cotspin IPO, while Link Intime India Private Ltd is the registrar for the issue.

Refer to Laxmi Cotspin IPO RHP for detailed information.

Laxmi Cotspin IPO Details

IPO Date March 17, 2017 to March 22, 2017
Listing Date March 31, 2017
Face Value ₹10 per share
Price ₹20 per share
Lot Size 6000 Shares
Total Issue Size4,800,000 shares
(aggregating up to ₹9.60 Cr)
Issue Type Fixed Price Issue IPO
Listing At NSE SME

Laxmi Cotspin IPO Lot Size

Investors can bid for a minimum of 6000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (Min) 1 6000 ₹120,000
Retail (Max) 1 6000 ₹120,000
Lot Size Calculator

About Laxmi Cotspin Limited

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 (Laxmi Cotspin IPO Objectives)

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 Review (Apply)

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

Laxmi Cotspin IPO Subscription Status (Bidding Detail)

The Laxmi Cotspin IPO is subscribed times on March 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

Rating:Rated 3.5 stars
Vote Here ...

Laxmi Cotspin IPO Listing Details

Listing Date March 31, 2017
BSE Script Code
ISIN INE801V01019
Final Issue Price ₹20 per share

Pre-Open Session - NSE

Listing Day Trading Information

Price Details
Final Issue Price
Last Trade

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Laxmi Cotspin Limited Contact Details

Laxmi Cotspin Limited
GUT No. 399, Samangaon- Kajla Road,
in front of Meenatai Thakare Vridhashram,
Samangaon, Jalna- 431203
Phone: +91 2482-257295

Laxmi Cotspin IPO Registrar

Link Intime India Private Ltd

Phone: +91-22-4918 6270

Laxmi Cotspin IPO - Buy or Not

Laxmi Cotspin IPO Recommendation Summary

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

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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 March 17, 2017, and closes on March 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 March 17, 2017 and closes on March 22, 2017.

Laxmi Cotspin IPO lot size is 6000 Shares, and the minimum amount required is ₹120,000.

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.

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

Ranked Members of Forum  Ranked Members | Members with Most Likes



60. Prabhakaran Kuppusamy |   Link |  Bookmark |May 8, 2017 3:10:22 PM (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 |  Bookmark |May 6, 2017 12:15:51 PM
irb listing price about 115 rs... confirm
58. nshiv |   Link |  Bookmark |April 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 |  Bookmark |April 24, 2017 1:11:29 PM
58.2. nshiv |   Link |  Bookmark |May 2, 2017 11:46:24 AM
Now at 17.3 ... Is this still good to HOLD ???
57. PAPU |   Link |  Bookmark |April 17, 2017 12:52:53 PM
56. Ahmedabadi Investor |   Link |  Bookmark |April 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 |  Bookmark |April 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 |  Bookmark |April 6, 2017 11:10:27 PM
Shu karu bhai ???? Rakhu k exit thai javay ????
53. pin |   Link |  Bookmark |April 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 |  Bookmark |April 5, 2017 1:56:14 AM
It will be more +be in coming days
Target 23+by a week
51. gala |   Link |  Bookmark |April 3, 2017 2:07:48 PM
IPO Mentor IPO Mentor (500+ Posts, 200+ Likes)
More 2 lakh shares volume needed .... Soo flippers are out. ... Best thing is it is nt breaking issue price
51.3. Jo |   Link |  Bookmark |April 3, 2017 10:35:52 PM
thankyou gala..
i means still some flipers are left in Laxmi?😮
51.4. Jo |   Link |  Bookmark |April 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 |  Bookmark |April 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 |  Bookmark |March 31, 2017 10:37:42 AM
IPO Mentor IPO Mentor (500+ Posts, 200+ 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 |  Bookmark |April 2, 2017 9:53:05 PM
Gala and Jagdhish anyone give me Listing Date of BOHARA..
49.12. gala |   Link |  Bookmark |April 2, 2017 10:09:26 PM
IPO Mentor IPO Mentor (500+ Posts, 200+ Likes)
5th April I guess
48. gala |   Link |  Bookmark |March 31, 2017 9:27:57 AM
IPO Mentor IPO Mentor (500+ Posts, 200+ Likes)
Listing day gainers sell ur it at 21 ....
47. gala |   Link |  Bookmark |March 31, 2017 9:25:26 AM
IPO Mentor IPO Mentor (500+ Posts, 200+ 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 |  Bookmark |March 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 |  Bookmark |March 30, 2017 10:50:16 PM
Hi UnderRighter,

The email sent about Sankara is correct. You could check the status at:

Please let us know if you have any further questions.


Thank you, Forum Moderator

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