Fixed Price IPO | ₹21 Cr | Listed at NSE SME | Mon, Aug 28, 2017 - Thu, Aug 31, 2017
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Mon, Aug 28, 2017
IPO Close
Thu, Aug 31, 2017
Issue Price
₹75 per share
Market Cap (Pre-IPO)
₹42.00 Cr
| IPO Date | 28 to 31 Aug, 2017 |
| Listed on | Fri, Sep 8, 2017 |
| Face Value | ₹10 per share |
| Issue Price | ₹75 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Total Issue Size | 27,84,000 shares (agg. up to ₹21 Cr) |
| Reserved for Market Maker | 2,04,800 shares Monarch Networth Capital Ltd. (agg. up to ₹2 Cr) |
| Fresh Issue (Ex Market Maker) | 25,79,200 shares (agg. up to ₹19 Cr) |
| Net Offered to Public | 25,79,200 shares (agg. up to ₹19 Cr) |
| Share Holding Pre Issue | 40,80,000 shares |
| Share Holding Post Issue | 56,00,000 shares |
| NSE Symbol | PASHUPATI |
| ISIN | INE124Y01010 |
Pashupati Cotspin IPO comprises a total issue size of 27,84,000 shares. The net offer to the public is 25,79,200 shares, after excluding 2,04,800 shares allotted on a firm basis. Of the Net offer 12,89,600 (50.00%) allocated to NII 12,89,600 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 12,89,600 | 50.00% | 46.32% |
| Retail Shares Offered | 12,89,600 | 50.00% | 46.32% |
| Firm Reservations | |||
| Market Maker Shares Offered | 2,04,800 | 7.36% | |
| Total Shares Offered | 27,84,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 1,600 shares and in multiples thereof.
| 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.
| 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 | Expansion of Business through strategic investment | 3.40 |
| 2 | Additional Working Capital | 3.50 |
| 3 | General Corporate Expenses | 0.30 |
The Pashupati Cotspin IPO is subscribed [.] times on August 31, 2017 5:00:00 PM (Day 4). The public issue subscribed [.] times in the retail category, [.] times in the QIB category, and [.] times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | [.] | 13,92,000 | 25,87,200 |
| Retail | [.] | 13,92,000 | 21,63,200 |
| Total | [.] | 27,84,000 | 47,50,400 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Issue management fees including fees and reimbursements of Market Making fees and payment to other intermediaries such as Legal Advisors to the IPO, Registrars and other out of pocket expenses. | 0.50 |
| 2 | Printing & Stationery, Distribution, Postage, etc | 0.03 |
| 3 | Listing Fees, Market Regulatory & other expenses | 0.02 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹75.00 |
| Open | ₹77.00 |
| Low | ₹75.00 |
| High | ₹77.00 |
| Last Trade | ₹75.00 |
Lead Manager Reports
Pashupati Cotspin IPO is a SME IPO of 27,84,000 equity shares of the face value of ₹10 aggregating up to ₹21 Crores. The issue is priced at ₹75 per share. The minimum order quantity is 1600.
The IPO opens on Mon, Aug 28, 2017, and closes on Thu, Aug 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 Mon, Aug 28, 2017 and closes on Thu, Aug 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 Fri, Sep 8, 2017.
