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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.

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 DateMar 17, 2017 - Mar 22, 2017
Issue TypeFixed Price Issue IPO
Issue Size4,800,000 Eq Shares of ₹10
(aggregating up to ₹9.60 Cr)
Face Value₹10 Per Equity Share
IPO Price₹20 Per Equity Share
Market Lot6000 Shares
Min Order Quantity6000 Shares
Listing AtNSE SME

Laxmi Cotspin IPO Lot Size and Price (Retail)

ApplicationLotsSharesAmount (Cut-off)
Minimum16000₹120,000
Maximum16000₹120,000

Laxmi Cotspin IPO Subscription Status (Bidding Detail)

Laxmi Cotspin IPO how much subscribed?

No. of Times Issue Subscribed (BSE + NSE)

As on Date & Time

QIB

NII

RII

Employee

Others

Total

Shares Offered

-

-

-

-

-

-

Mar 22, 2017 18:45

Laxmi Cotspin IPO Prospectus

Laxmi Cotspin IPO Rating

75
3.5
Rating:Rated 3.5 stars

Vote Here ...

Laxmi Cotspin IPO Listing Date

Listing DateFriday, March 31, 2017
BSE Script Code
NSE SymbolLAXMICOT
Listing In
ISININE801V01019
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

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 FAQs

  1. 1. 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 price of the IPO is ₹20 Per Equity Share. The minimum order quantity is 6000 Shares per application and the offer type is Fixed Price Issue.

    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.

  2. 2. When Laxmi Cotspin IPO will open?

    The Laxmi Cotspin IPO opens on Mar 17, 2017 and closes on Mar 22, 2017.

  3. 3. How to apply for Laxmi Cotspin IPO?

    Laxmi Cotspin IPO application can be done through banks using ASBA online or through stock brokers trading account using UPI. All popular banks i.e. HDFC, ICICI, and SBI offer online IPO applications. An investor can also apply directly through their broker (i.e. Zerodha, Sharekhan) using UPI as a payment method.

  4. 4. 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.

  5. 5. When is Laxmi Cotspin IPO listing date?

    The Laxmi Cotspin IPO listing date is on Friday, March 31, 2017, at NSE SME.
  6. 6. 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.

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Laxmi Cotspin IPO Review / Comments

Prabhakaran Kuppusamy
60. Prabhakaran Kuppusamy  May 8, 2017 16:10
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.
raj shah
59. raj shah  May 6, 2017 13:15
irb listing price about 115 rs... confirm
nshiv
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..
PAPU
58.1. PAPU  Apr 24, 2017 14:11
NSHIV MUST BE HOLD, IT MAY BE TOUCH 30++ IN THIS WEAK NEWS CONFIRM
nshiv
58.2. nshiv  May 2, 2017 12:46
Now at 17.3 ... Is this still good to HOLD ???
PAPU
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
Ahmedabadi Investor
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.
TheLearner
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...
pin
54. pin  Apr 7, 2017 00:10
Shu karu bhai ???? Rakhu k exit thai javay ????
pin
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????
suresharyu
52. suresharyu  Apr 5, 2017 02:56
It will be more +be in coming days
Target 23+by a week
gala
51. gala  Apr 3, 2017 15:07
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
Jo
51.3. Jo  Apr 3, 2017 23:35
thankyou gala..
i means still some flipers are left in Laxmi?😮
Jo
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
jagadish abbigeri
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.
gala
49. gala  Mar 31, 2017 11:37
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
Jo
49.11. Jo  Apr 2, 2017 22:53
Gala and Jagdhish anyone give me Listing Date of BOHARA..
gala
49.12. gala  Apr 2, 2017 23:09
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
5th April I guess
gala
48. gala  Mar 31, 2017 10:27
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
Listing day gainers sell ur it at 21 ....
gala
47. gala  Mar 31, 2017 10:25
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
UnderRighter
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"
Forum Modulator
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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Smit Mehta
45. Smit Mehta  Mar 30, 2017 19:34
Listing of Laxmi cotspin on which date ?
Kishor Asher
45.1. Kishor Asher  Mar 30, 2017 21:17
Listing on Friday.
Sankey
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.
Shuti
43. Shuti  Mar 29, 2017 21:03
Best of lckz to allotees
I think it ll list at uc
Listing on friday
Jo
43.3. Jo  Mar 30, 2017 00:26
Listing on 30 march or 31 st march....And Around which price?
pin
43.4. pin  Mar 30, 2017 00:45
I think it should list tomorrow itself
Smit Mehta
42. Smit Mehta  Mar 29, 2017 18:47
Listing date ?
pin
41. pin  Mar 29, 2017 16:40
Any body having idea abt how much it ll open?????
Dinesh Analyst
41.1. Dinesh Analyst  Mar 29, 2017 17:28
may be 21.5 to 22 as per my expection



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