AB Cotspin India Limited IPO (AB Cotspin IPO)

AB Cotspin IPO 2021
Upcoming AB Cotspin IPO | New AB Cotspin IPO

Incorporated in 1997, AB Cotspin is engaged in the manufacturing of cotton yarn, knitted fabric, cottonseed oil, and oilcake products. The company manufactures products based on the orders from its clients.

The company has one manufacturing facility located in, Punjab, along with 2 warehouses and 1 shop cun godown to manage its supply chain operations. As of the date of the DRHP, the company has installed 18,000 spindles for manufacturing cotton yarn, 441 mt p.a. for knitted fabric, and 6,750 mt p.a. for seed oil/oilcake. The company has made significant investments in its manufacturing infrastructure to support its product portfolio requirements and reach. Majority of the company’s customers are from Punjab and Haryana.

AB Cotspin IPO

Competitive Strengths

  • Diverse product portfolio with a focus on quality
  • Experienced management and dedicated employee base
  • Repeat orders from satisfied customers
  • Location Advantage

Company Promoters

Deepak Garg and Pooja Garg are the company promoters.

Company Financials

ParticularsFor the year/period ended (₹ in Millions)
 30-Jun-2131-Mar-2131-Mar-20
Total Assets718.42636.96527.61
Total Revenue305.341,155.67942.81
Profit After Tax33.2238.787.57

Objects Of The Issue

  • Funding the working capital requirements of the company; and
  • General corporate purposes
AB Cotspin IPO
Object Of The Issue

AB Cotspin IPO Details

IPO Opening DateDec 30, 2021
IPO Closing DateJan 3, 2022
Issue TypeBook Built Issue IPO
Face Value₹10 per equity share
IPO Price₹33 to ₹35 per equity share
Market Lot4000 Shares
Min Order Quantity4000 Shares
Listing AtNSE SME
Issue Size2,884,000 Eq Shares of ₹10
(aggregating up to ₹10.09 Cr)
Fresh Issue2,884,000 Eq Shares of ₹10
(aggregating up to ₹10.09 Cr)

AB Cotspin IPO Tentative Timetable

The AB Cotspin IPO open date is Dec 30, 2021, and the close date is Jan 3, 2022. The issue may list on Jan 11, 2022.

IPO Open DateDec 30, 2021
IPO Close DateJan 3, 2022
Basis of Allotment DateJan 6, 2022
Initiation of RefundsJan 7, 2022
Credit of Shares to Demat AccountJan 10, 2022
IPO Listing DateJan 11, 2022

AB Cotspin IPO Lot Size

The AB Cotspin IPO market lot size is 4000 shares. A retail-individual investor can apply for up to 1 lots (4000 shares or ₹140,000).

ApplicationLotsSharesAmount (Cut-off)
Minimum14000₹140,000
Maximum14000₹140,000

AB Cotspin IPO Promoter Holding

Pre Issue Share Holding48.50%
Post Issue Share Holding34.91%

AB Cotspin IPO Prospectus

Company Contact Information

AB Cotspin India Limited

176, Homeland Enclave,
Bathinda,
Punjab – 151001

Phone: +91 01642970169
Email: investors@abcotspin.in
Websitehttp://www.abcotspin.com/

AB Cotspin IPO Registrar

Link Intime India Private Ltd

Phone: +91-22-4918 6270
Email: abcotspin.ipo@linkintime.co.in
Websitehttps://linkintime.co.in/

AB Cotspin IPO FAQs

When AB Cotspin IPO will open?

The AB Cotspin IPO dates are 30 Dec 2021 To 03 Jan 2022.
What is the lot size of AB Cotspin IPO?

AB Cotspin IPO lot size and the minimum order quantity is 4000 Shares.
How to apply for AB Cotspin IPO?

You can apply in AB 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.
When is AB Cotspin IPO listing date?

The AB Cotspin IPO listing date is not announced. The date of AB Cotspin IPO listing is [11 Jan 2022].