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Incorporated in 2013, Pashupati Cotspin Ltd (PCL) is engaged in the business of processing of Kapas (raw cotton) by way of Ginning of cotton, spinning of cotton yarn and delineating Process. Company offers Cotton bales, Cotton yarn and Black Cotton seeds (Delineate Seeds).
The manufacturing facility of company situated at Kadi of Mahesana District in Gujarat state which is close to the rich cotton growing areas of Maharashtra and Saurashtra (region) of Gujarat. The company has established a capacity of the spindlage of total 25536 spindle,\ and 56 ginning units. Plant is equipped with modern and automatic plant and machinery. PCL is also using the storage space available with it for the purpose of letting it out to customers and thereby earning lease rentals as consideration.
The promoters of the company are:
1. Mr. Saurin Jagdish Bhai Parikh,
2. Mr. Trivedi Tushar R
3. Mr. Dakshesh Jayantilal Patel
The object of the issue are to:
1. To Meet Working Capital Requirement;
2. General Corporate Purpose;
3. To Meet the Issue Expenses.
| IPO Opening Date | Aug 28, 2017 |
| IPO Closing Date | Aug 31, 2017 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹75 per equity share |
| Market Lot | 1600 Shares |
| Min Order Quantity | 1600 Shares |
| Listing At | NSE SME |
| Issue Size | 2,784,000 Eq Shares of ₹10 (aggregating up to ₹1.54 Cr) |
The Pashupati Cotspin IPO market lot size is 1600 shares. A retail-individual investor can apply for up to 1 lots (1600 shares or ₹120,000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 1600 | ₹120,000 |
| Maximum | 1 | 1600 | ₹120,000 |
The Pashupati Cotspin IPO is subscribed times on Aug 31, 2017 17:00. 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 | Subscription (times) |
|---|---|
| NII | |
| RII | |
| Total |
| Listing Date | Friday, September 8, 2017 |
| BSE Script Code | |
| NSE Symbol | PASHUPATI |
| Listing In | |
| ISIN | INE124Y01010 |
| IPO Price | ₹75 per equity share |
| Face Value | ₹10 per equity share |
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Pashupati Cotspin Ltd
Survey No.404 At & Post Balasar,
Kadi-Detroj Road,
Kadi ,Mahesana - 382715
Phone: +91-02764-262200
Email: info@pashupaticotspin.com
Website: http://www.pashupaticotspin.com
Sharex Dynamic (India) Pvt Ltd
Phone: +91- 22 - 2851 5606
Email: sharexindia@vsnl.com
Website: http://www.sharexindia.com
Lead Manager Reports
Pashupati Cotspin IPO is a SME IPO of 2,784,000 equity shares of the face value of ₹10 aggregating up to ₹1.54 Crores. The issue is priced at ₹75 per equity share. The minimum order quantity is 1600 Shares.
The IPO opens on Aug 28, 2017, and closes on Aug 31, 2017.
Sharex Dynamic (India) Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
The Pashupati Cotspin IPO opens on Aug 28, 2017 and closes on Aug 31, 2017.
Pashupati Cotspin IPO lot size is 1600 Shares and the minimum order quantity is 1600 Shares.
You can apply in Pashupati 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 Pashupati Cotspin IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Pashupati Cotspin IPO allotment status.
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