Free Equity Delivery
Flat ₹10 per Trade in Intraday & F&O
Pashupati Cotspin IPO is a fixed price issue of ₹20.88 crores. The issue is entirely a fresh issue of 0.28 crore shares of ₹20.88 crore.
Pashupati Cotspin IPO bidding started from Aug 28, 2017 and ended on Aug 31, 2017. The shares got listed on NSE SME on Sep 8, 2017.
Pashupati Cotspin IPO price is ₹75.00 per share . The lot size for an application is 1,600. The minimum amount of investment required by an individual investor (retail) is ₹1,20,000 (1600 shares). The minimum lot size investment for HNI is 2 lots (3,200 shares), amounting to ₹2,40,000.
Hem Securities Ltd. is the book running lead manager and Sharex Dynamic (India) Pvt.Ltd. is the registrar of the issue. The market maker of the company is Monarch Networth Capital Ltd..
Refer to Pashupati Cotspin IPO RHP for detailed Information.
| IPO Date | August 28, 2017 to August 31, 2017 |
| Listing Date | September 8, 2017 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹75 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 27,84,000 shares (aggregating up to ₹20.88 Cr) |
| Reserved for Market Maker | 2,04,800 shares Monarch Networth Capital Ltd. (aggregating up to ₹1.54 Cr) |
| Net Offered to Public | 25,79,200 shares (aggregating up to ₹19.34 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 40,80,000 shares |
| Share Holding Post Issue | 56,00,000 shares |
Pashupati Cotspin IPO offers total 27,84,000 shares. Out of which 12,89,600 (46.32%) allocated to NII, 12,89,600 (46.32%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 2,04,800 (7.36%) |
| NII (HNI) Shares Offered | 12,89,600 (46.32%) |
| Retail Shares Offered | 12,89,600 (46.32%) |
| Total Shares Offered | 27,84,000 (100.00%) |
Pashupati Cotspin IPO opens on August 28, 2017, and closes on August 31, 2017.
| IPO Open Date | Mon, Aug 28, 2017 |
| IPO Close Date | Thu, Aug 31, 2017 |
| Tentative Listing Date | Fri, Sep 8, 2017 |
| Cut-off time for UPI mandate confirmation | 5 PM on Thu, Aug 31, 2017 |
Investors can bid for a minimum of 1,600 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 | 1,600 | ₹1,20,000 |
| Retail (Max) | 1 | 1,600 | ₹1,20,000 |
| HNI (Min) | 2 | 3,200 | ₹2,40,000 |
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 Company Pashupati Cotspin IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | Expansion of Business through strategic investment | 3.40 |
| 2 | Additional Working Capital | 3.50 |
| 3 | General Corporate Expenses | 0.30 |
[Dilip Davda] Investors may consider investment for medium to long term in Pashupati Cotspin NSE SME IPO. Read detail review...
| Listing Date | September 8, 2017 |
| BSE Script Code | |
| NSE Symbol | PASHUPATI |
| ISIN | INE124Y01010 |
| Final Issue Price | ₹75 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹75.00 |
| Open | ₹77.00 |
| Low | ₹75.00 |
| High | ₹77.00 |
| Last Trade | ₹75.00 |
Pashupati Cotspin Ltd.
Survey No.404 At & Post Balasar,
Kadi-Detroj Road,
Kadi ,
Mehsana, Gujarat, 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:
Pashupati Cotspin IPO is a SME IPO of 27,84,000 equity shares of the face value of ₹10 aggregating up to ₹20.88 Crores. The issue is priced at ₹75 per share. The minimum order quantity is 1600.
The IPO opens on August 28, 2017, and closes on August 31, 2017.
Sharex Dynamic (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 Pashupati Cotspin IPO using UPI as a payment gateway. Zerodha customers can apply in Pashupati Cotspin IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Pashupati Cotspin IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Pashupati Cotspin IPO opens on August 28, 2017 and closes on August 31, 2017.
Pashupati Cotspin IPO lot size is 1600, and the minimum amount required for application is ₹1,20,000.
You can apply in Pashupati 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 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.
The Pashupati Cotspin IPO listing date is on Friday, September 8, 2017.
Useful Articles
RHP