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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.
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 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 Size | 4,800,000 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 |
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 |
Investors may consider investment in this issue for medium to long term. Read detail review...
Laxmi Cotspin IPO Recommendation by Members Laxmi Cotspin IPO Recommendations Details | Post Recommendation | Manage Recommendations
| Subscribe | Neutral | Avoid |
|---|---|---|
| 0 | 0 | 0 |
No Record Found.
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 | Friday, March 31, 2017 |
| BSE Script Code | |
| NSE Symbol | LAXMICOT |
| Listing In | |
| ISIN | INE801V01019 |
| IPO Price | ₹20 per share |
| Face Value | ₹10 per share |
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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/
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.
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Top Contributor (300+ Posts, 100+ Likes)
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.