AB Cotspin IPO GMP, Review, Price, Allotment

AB Cotspin IPO GMP

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 Dates30 December 2021 – 3 January 2022
Price BandINR33 – 35 per share
Fresh issue28,84,000 shares (INR10.09 crore)
Offer For SaleNil
Total IPO size28,84,000 shares (INR10.09 crore)
Minimum bid (lot size)4,000 shares
Face Value INR10 per share
Retail Allocation50%

AB Cotspin’s Financial Performance

 FY2019FY2020FY2021Q1 FY2022
Net income1.330.763.883.32
Figures in INR crore unless specified otherwise

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

DateAB Cotspin IPO GMPKostakSubject to Sauda

AB Cotspin IPO Subscription – Live Updates

Shares Offered14,42,00014,42,00028,84,000
Day 10.231.600.92
Day 38.9616.5812.77
Subscription figures in number of times, at 5 PM

AB Cotspin Public Offer Registrar

Link Intime India Private Limited 
C-101, 1st Floor,
247 Park Lal Bahadur Shastri Marg,
Vikhroli (West) Mumbai – 400 083
Phone: +91 22 4918 6200
Fax: +91 22 4918 6195
Email: [email protected]
Website: http://www.linkintime.co.in

AB Cotspin Contact Details

AB Cotspin India Limited
176, Homeland Enclave,
Bathinda, Punjab – 151001
Phone: +91 01642970169
Email: [email protected]
Website: [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 Date30 December 2021
IPO Closing Date3 January 2021
Finalisation of Basis of Allotment6 January 2021
Initiation of refunds7 January 2021
Transfer of shares to demat accounts10 January 2021
Listing Date11 January 2021
Opening Price on NSEINR38.5 per share (up 10% from IPO price)
Closing Price on NSEINR40.4 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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