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 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
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.
| IPO Date | Mar 17, 2017 - Mar 22, 2017 |
| Issue Type | Fixed Price Issue IPO |
| Issue Size | 4,800,000 Eq Shares of ₹10 (aggregating up to ₹9.60 Cr) |
| Face Value | ₹10 Per Equity Share |
| IPO Price | ₹20 Per Equity Share |
| Market Lot | 6000 Shares |
| Min Order Quantity | 6000 Shares |
| Listing At | NSE SME |
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 6000 | ₹120,000 |
| Maximum | 1 | 6000 | ₹120,000 |
No. of Times Issue Subscribed (BSE + NSE) | ||||||
|---|---|---|---|---|---|---|
As on Date & Time | QIB | NII | RII | Employee | Others | Total |
Shares Offered | - | - | - | - | - | - |
Mar 22, 2017 18:45 | ||||||
| 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 |
|
|
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
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 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.
The Laxmi Cotspin IPO opens on Mar 17, 2017 and closes on Mar 22, 2017.
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.
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.
Laxmi Cotspin IPO lot size is 6000 Shares and the minimum order quantity is 6000 Shares.
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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.