Bookbuilding IPO | ₹10 Cr | Listed at NSE SME | Thu, Dec 30, 2021 - Mon, Jan 3, 2022
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 per share. The lot size for an application is 4,000. The minimum amount of investment required by an retail is ₹1,40,000 (4000 shares) (based on upper price). The minimum lot size for investment in 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 Open
Thu, Dec 30, 2021
IPO Close
Mon, Jan 3, 2022
Issue Price
₹35 per share
Market Cap (Pre-IPO)
₹36.02 Cr
| IPO Date | 30 Dec, 2021 to 3 Jan, 2022 |
| Listed on | Tue, Jan 11, 2022 |
| Face Value | ₹10 per share |
| Price Band | ₹33 to ₹35 |
| Issue Price | ₹35 per share |
| Lot Size | 4,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Total Issue Size | 28,84,000 shares (agg. up to ₹10 Cr) |
| Reserved for Market Maker | 1,48,000 shares Pentagon Stock Brokers Pvt.Ltd. (agg. up to ₹0.5180 Cr) |
| Fresh Issue (Ex Market Maker) | 27,36,000 shares (agg. up to ₹10 Cr) |
| Net Offered to Public | 27,36,000 shares (agg. up to ₹10 Cr) |
| Share Holding Pre Issue | 74,08,200 shares |
| Share Holding Post Issue | 1,02,92,200 shares |
| NSE Symbol | ABCOTS |
| ISIN | INE08PH01015 |
AB Cotspin IPO comprises a total issue size of 28,84,000 shares. The net offer to the public is 27,36,000 shares, after excluding 1,48,000 shares allotted on a firm basis. Of the Net offer 13,68,000 (50.00%) allocated to NII 13,68,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 13,68,000 | 50.00% | 47.43% |
| Retail Shares Offered | 13,68,000 | 50.00% | 47.43% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,48,000 | 5.13% | |
| Total Shares Offered | 28,84,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 4,000 shares and in multiples thereof.
| 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 |
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:
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding the working capital requirements of the Company Requirement | 7.75 |
| 2 | General corporate purposes | 1.78 |
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 2.71 | |
| Promoter Holding | 48.50% | 34.91% |
| Market Cap | ₹36.02 Cr. |
The AB Cotspin IPO is subscribed 13.46 times on January 3, 2022 5:00:00 PM (Day 3). The public issue subscribed 17.47 times in the retail category, [.] times in the QIB category, and 9.45 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 9.45 | 13,68,000 | 1,29,24,000 |
| Retail | 17.47 | 13,68,000 | 2,39,04,000 |
| Total | 13.46 | 27,36,000 | 3,68,28,000 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees payable to BRLM (inclusive of Underwrting Commission) | 0.31 |
| 2 | Brokerage selling Commsion | 0.01 |
| 3 | Advertising and marketing expenses (inclusive) | 0.03 |
| 4 | Fees to the Registrar to the Issue (inclusive) | 0.01 |
| 5 | Fees payable to the Regulators including stock exchanges and Deposotiries( by Company) | 0.04 |
| 6 | PCS certificate | 0.00 |
| 7 | Depository expense for Corporate Action (including Payment to NSDL & CDSL for activation of Validation Process) | 0.01 |
| 8 | Lsiting fees | 0.00 |
| 9 | Printing and distribution of Issue stationary | 0.00 |
| 10 | stock exchange validation | 0.01 |
| 11 | Postage stamp duty | 0.01 |
| 12 | Brokerage and selling commission payable to Syndicate | 0.00 |
| 13 | Processing fees to SCSBs for ASBA Applications procured by the members of the Syndicate or Registered Brokers and submitted with the SCSBs | 0.00 |
| 14 | Processing fees to Issuer banks for UPI Mechanism w.r.t application Forms procured by the members of the Syndicate, Registered Brokers, RTAs or the CDPs and submitted to them | 0.00 |
| 15 | Market maker | 0.10 |
| 16 | Miscallaneous out of pocket | 0.01 |
| 17 | Others (bankers to the Issue, auditor’s fees etc.) | 0.02 |
| 18 | Fees payable to the Legal Advisors to the Issue (inclusive) | 0.01 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹35.00 |
| Open | ₹38.50 |
| Low | ₹38.00 |
| High | ₹40.40 |
| Last Trade | ₹40.40 |
Lead Manager Reports
AB Cotspin IPO is a SME IPO of 28,84,000 equity shares of the face value of ₹10 aggregating up to ₹10 Crores. The issue is priced at ₹35 per share. The minimum order quantity is 4000.
The IPO opens on Thu, Dec 30, 2021, and closes on Mon, Jan 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 Thu, Dec 30, 2021 and closes on Mon, Jan 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 Mon, Jan 10, 2022. Check the AB Cotspin IPO allotment status.
The AB Cotspin IPO listing date is on Tue, Jan 11, 2022.
