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Laxmi Cotspin IPO is a fixed price issue of ₹9.60 crores. The issue is entirely an offer for sale of 0.48 crore shares of ₹9.60 crore.
Laxmi Cotspin IPO bidding started from Mar 17, 2017 and ended on Mar 22, 2017. The shares got listed on NSE SME on Mar 31, 2017.
Laxmi Cotspin IPO price is ₹20.00 per share . The lot size for an application is 6,000. The minimum amount of investment required by an individual investor (retail) is ₹1,20,000 (6000 shares). The minimum lot size investment for HNI is 2 lots (12,000 shares), amounting to ₹2,40,000.
Hem Securities 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 Hem Finlease Pvt.Ltd..
Refer to Laxmi Cotspin IPO RHP for detailed Information.
| IPO Date | March 17, 2017 to March 22, 2017 |
| Listing Date | March 31, 2017 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹20 per share |
| Lot Size | 6,000 Shares |
| Sale Type | Offer For Sale |
| Total Issue Size | 48,00,000 shares (aggregating up to ₹9.60 Cr) |
| Reserved for Market Maker | 2,40,000 shares Hem Finlease Pvt.Ltd. (aggregating up to ₹0.4800 Cr) |
| Net Offered to Public | 45,60,000 shares (aggregating up to ₹9.12 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 1,71,47,670 shares |
| Share Holding Post Issue | 1,71,47,670 shares |
Laxmi Cotspin IPO offers total 48,00,000 shares. Out of which 22,80,000 (47.50%) allocated to NII, 22,80,000 (47.50%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 2,40,000 (5.00%) |
| NII (HNI) Shares Offered | 22,80,000 (47.50%) |
| Retail Shares Offered | 22,80,000 (47.50%) |
| Total Shares Offered | 48,00,000 (100.00%) |
Laxmi Cotspin IPO opens on March 17, 2017, and closes on March 22, 2017.
| IPO Open Date | Fri, Mar 17, 2017 |
| IPO Close Date | Wed, Mar 22, 2017 |
| Tentative Listing Date | Fri, Mar 31, 2017 |
| Cut-off time for UPI mandate confirmation | 5 PM on Wed, Mar 22, 2017 |
Investors can bid for a minimum of 6,000 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 | 6,000 | ₹1,20,000 |
| Retail (Max) | 1 | 6,000 | ₹1,20,000 |
| HNI (Min) | 2 | 12,000 | ₹2,40,000 |
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.
[Dilip Davda] Investors may consider investment in this issue for medium to long term. Read detail review...
| Listing Date | March 31, 2017 |
| BSE Script Code | |
| NSE Symbol | LAXMICOT |
| ISIN | INE801V01019 |
| Final Issue Price | ₹20 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹20.00 |
| Open | ₹21.00 |
| Low | ₹19.50 |
| High | ₹21.35 |
| Last Trade | ₹19.90 |
Laxmi Cotspin Ltd.
GUT No. 399, Samangaon- Kajla Road,
in front of Meenatai Thakare Vridhashram,
Samangaon,
Jalna, Maharashtra, 43120
Phone: +91 2482-257295
Email: complianceofficerlaxmicotspin@gmail.com
Website: http://www.laxmicotspin.com
MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email: laxmicouspin.ipo@linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
Laxmi Cotspin IPO is a SME IPO of 48,00,000 equity shares of the face value of ₹10 aggregating up to ₹9.60 Crores. The issue is priced at ₹20 per share. The minimum order quantity is 6000.
The IPO opens on March 17, 2017, and closes on March 22, 2017.
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 Laxmi Cotspin IPO using UPI as a payment gateway. Zerodha customers can apply in Laxmi Cotspin IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Laxmi Cotspin IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Laxmi Cotspin IPO opens on March 17, 2017 and closes on March 22, 2017.
Laxmi Cotspin IPO lot size is 6000, and the minimum amount required for application is ₹1,20,000.
You can apply in Laxmi 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 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.
The Laxmi Cotspin IPO listing date is on Friday, March 31, 2017.
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