Last updated on January 11, 2022
AB Cotspin IPO description – The company is primarily engaged in manufacturing of cotton yarn, knitted fabric, cottonseed oil and oilcakes. The company commenced its business in 1997 with a cotton ginning plant with cotton bales and cotton seeds being initial products. Thereafter in the year 2000, it installed a crushing unit to extract oil from cotton and mustard seeds and expanded its product basket with the addition of cotton seed oil, mustard oil and oil cake. In the year 2011, the company ventured in manufacturing cotton yarn by setting up a spinning plant. In the year 2014, it installed a knitting machine and thus forayed into manufacturing of knitted fabric.
The company’s manufacturing facility is located at, Jaitu (Dist Faridkot), Punjab. As on date of the RHP, it has installed 18,000 spindles for manufacturing cotton yarn, leading to production capacity of 441 mt p.a. for knitted fabric and 6,750 mt p.a. for seed oil/oilcake.
The company supplies its products domestically, with majority of customers situated at Punjab and Haryana. As on 30 June 2021, it has 2 warehouses and 1 Shop cum godown to manage supply chain operations.
Promoters of AB Cotspin – Deepak Garg and Pooja Garg
AB Cotspin IPO Details
| Subscription Dates | 30 December 2021 – 3 January 2022 |
| Price Band | INR33 – 35 per share |
| Fresh issue | 28,84,000 shares (INR10.09 crore) |
| Offer For Sale | Nil |
| Total IPO size | 28,84,000 shares (INR10.09 crore) |
| Minimum bid (lot size) | 4,000 shares |
| Face Value | INR10 per share |
| Retail Allocation | 50% |
| Listing On | NSE EMERGE |
AB Cotspin’s Financial Performance
| Â | FY2019 | FY2020 | FY2021 | Q1 FY2022 |
| Revenue | 121.06 | 94.28 | 115.57 | 30.53 |
| Expenses | 119.27 | 93.20 | 110.09 | 26.26 |
| Net income | 1.33 | 0.76 | 3.88 | 3.32 |
AB Cotspin Offer News
AB Cotspin Offer Valuation (as of FY2021)
Earnings Per Share (EPS): INR5.24
Price/Earnings (PE ratio): 6.30 – 6.68
Return on Net Worth (RONW): 17.76%
Net Asset Value (NAV): INR29.47 per share
AB Cotspin IPO GMP Daily Trend
| Date | AB Cotspin IPO GMP | Kostak | Subject to Sauda |
AB Cotspin IPO Subscription – Live Updates
| Category | Non-retail | Retail | Total |
| Shares Offered | 14,42,000 | 14,42,000 | 28,84,000 |
| Day 1 | 0.23 | 1.60 | 0.92 |
| Day 2 | 1.02 | 4.25 | 2.63 |
| Day 3 | 8.96 | 16.58 | 12.77 |
AB Cotspin Public Offer Registrar
Link Intime India Private LimitedÂ
C-101, 1st Floor,
247 Park Lal Bahadur Shastri Marg,
Vikhroli (West) Mumbai – 400 083
Phone:Â +91 22 4918 6200
Fax:Â +91 22 4918 6195
Email:Â [email protected]
Website:Â http://www.linkintime.co.in
AB Cotspin Contact Details
AB Cotspin India Limited
176, Homeland Enclave,
Bathinda, Punjab – 151001
Phone:Â +91 01642970169
Email:Â [email protected]
Website:Â [email protected]
AB Cotspin Allotment Status
AB Cotspin IPO allotment is now available on Link Intime’s website. Click on this link to get allotment status.
AB Cotspin Public Offer Timetable
| IPO Opening Date | 30 December 2021 |
| IPO Closing Date | 3 January 2021 |
| Finalisation of Basis of Allotment | 6 January 2021 |
| Initiation of refunds | 7 January 2021 |
| Transfer of shares to demat accounts | 10 January 2021 |
| Listing Date | 11 January 2021 |
| Opening Price on NSE | INR38.5 per share (up 10% from IPO price) |
| Closing Price on NSE | INR40.4 per share (up 15.43% from IPO price) |
AB Cotspin IPO FAQs
What are investors portions in AB Cotspin public offer?
Retail investors are entitled to get 50% of the shares while the other 50% shares are reserved for individual applicants other than retail investors and corporate bodies or institutions.
How to Apply in AB Cotspin IPO?
The best way to apply in AB Cotspin IPO is through Internet banking ASBA. You can also apply online through your stock broker using UPI. If you prefer to make paper applications, fill up an offline IPO form and deposit the same to your broker.
What is AB Cotspin IPO size?
AB Cotspin offer size is INR10.09 crores.
What is AB Cotspin IPO Price Band?
AB Cotspin IPO Price is INR33 – 35 per share.
What is the lot size of AB Cotspin IPO?
AB Cotspin offer lot size and the minimum order is 4,000 shares.
What is AB Cotspin IPO GMP today?
AB Cotspin IPO GMP today is NA per share.
What is AB Cotspin IPO kostak rate today?
AB Cotspin IPO kostak rate today is NA per application.
What is AB Cotspin Subject to Sauda rate rate today?
AB Cotspin Subject to Sauda rate today is NA per application.
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