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AB Cotspin IPO is a book build issue of ₹10.09 crores. The issue is entirely a fresh issue of 0.29 crore shares of ₹10.09 crore.
AB Cotspin IPO bidding started from Dec 30, 2021 and ended on Jan 3, 2022. The allotment for AB Cotspin IPO was finalized on Jan 6, 2022. The shares got listed on NSE SME on Jan 11, 2022.
AB Cotspin IPO price band is set at ₹35.00 per share . The lot size for an application is 4,000. The minimum amount of investment required by an retail is ₹1,32,000 (4000 shares). The minimum lot size investment for HNI is 2 lots (8,000 shares), amounting to ₹2,80,000.
Pantomath Capital Advisors Pvt.Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue. The market maker of the company is Pentagon Stock Brokers Pvt.Ltd..
Refer to AB Cotspin IPO RHP for detailed Information.
| IPO Date | December 30, 2021 to January 3, 2022 |
| Listing Date | January 11, 2022 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹33 to ₹35 per share |
| Issue Price Final | ₹35 per share |
| Lot Size | 4,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 28,84,000 shares (aggregating up to ₹10.09 Cr) |
| Reserved for Market Maker | 1,48,000 shares Pentagon Stock Brokers Pvt.Ltd. (aggregating up to ₹0.5180 Cr) |
| Net Offered to Public | 27,36,000 shares (aggregating up to ₹9.58 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 74,08,200 shares |
| Share Holding Post Issue | 1,02,92,200 shares |
AB Cotspin IPO offers total 28,84,000 shares. Out of which 13,68,000 (47.43%) allocated to NII, 13,68,000 (47.43%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,48,000 (5.13%) |
| NII (HNI) Shares Offered | 13,68,000 (47.43%) |
| Retail Shares Offered | 13,68,000 (47.43%) |
| Total Shares Offered | 28,84,000 (100.00%) |
AB Cotspin IPO opens on December 30, 2021, and closes on January 3, 2022.
| IPO Open Date | Thu, Dec 30, 2021 |
| IPO Close Date | Mon, Jan 3, 2022 |
| Tentative Allotment | Thu, Jan 6, 2022 |
| Initiation of Refunds | Fri, Jan 7, 2022 |
| Credit of Shares to Demat | Mon, Jan 10, 2022 |
| Tentative Listing Date | Tue, Jan 11, 2022 |
| Cut-off time for UPI mandate confirmation | 5 PM on Mon, Jan 3, 2022 |
Investors can bid for a minimum of 4,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 4,000 | ₹1,40,000 |
| Retail (Max) | 1 | 4,000 | ₹1,40,000 |
| HNI (Min) | 2 | 8,000 | ₹2,80,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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.
Competitive Strengths:
| Particulars | For the year/period ended (₹ in Millions) | ||||
|---|---|---|---|---|---|
| 30-Jun-21 | 31-Mar-21 | 31-Mar-20 | |||
| Total Assets | 718.42 | 636.96 | 527.61 | ||
| Total Revenue | 305.34 | 1,155.67 | 942.81 | ||
| Profit After Tax | 33.22 | 38.78 | 7.57 | ||
The market capitalization of AB Cotspin IPO is ₹36.02 Cr.
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 2.71 |
[Dilip Davda] Based on super earnings for the last 15 months’ performance, the issue is lucratively priced, but if we consider its average performance for the last three fiscals, the issue is fully priced. Though the textile segment has been witnessing buying interest from some quarters on expectations of more sops for this labour oriented segment, many listed companies are available at cheaper valuations. The sustainability of recent margins enjoyed by the company is a major concern. Particularly its Q1-FY22 performance is raising eyebrows. Considering all these, risk seeker/cash surplus investors may consider parking their funds with a long term perspective. Others can ignore this IPO. Read detail review...
| Listing Date | January 11, 2022 |
| BSE Script Code | |
| NSE Symbol | ABCOTS |
| ISIN | INE08PH01015 |
| Final Issue Price | ₹35 per share |
| BSE Listing Group | ST |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹35.00 |
| Open | ₹38.50 |
| Low | ₹38.00 |
| High | ₹40.40 |
| Last Trade | ₹40.40 |
AB Cotspin India Ltd.
176,
Homeland Enclave,
Bhatinda, Punjab, 151001
Phone: +91 01642970169
Email: investors@abcotspin.in
Website: http://www.abcotspin.com/
MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email: abcotspin.ipo@linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
AB Cotspin IPO is a SME IPO of 28,84,000 equity shares of the face value of ₹10 aggregating up to ₹10.09 Crores. The issue is priced at ₹35 per share. The minimum order quantity is 4000.
The IPO opens on December 30, 2021, and closes on January 3, 2022.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in AB Cotspin IPO using UPI as a payment gateway. Zerodha customers can apply in AB Cotspin IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in AB Cotspin IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The AB Cotspin IPO opens on December 30, 2021 and closes on January 3, 2022.
AB Cotspin IPO lot size is 4000, and the minimum amount required for application is ₹1,40,000.
You can apply in AB Cotspin IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for AB Cotspin IPO will be done on Thursday, January 6, 2022, and the allotted shares will be credited to your demat account by Monday, January 10, 2022. Check the AB Cotspin IPO allotment status.
The AB Cotspin IPO listing date is on Tuesday, January 11, 2022.
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