AB Cotspin India Limited
IPO Details
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AB Cotspin India Limited's successfully completed its Initial Public Offering and commenced trading on Jan 11, 2022 at the NSE exchange. The company raised 28,84,000 Shares through this public offering, comprising 28,84,000 Shares in fresh capital.
The IPO was priced within the band of ₹33 to ₹35, with minimum application lots of 4000 shares. The offering attracted significant investor interest during its subscription period from Dec 30, 2021 to Jan 03, 2022.
Share allotment was finalized on Jan 06, 2022, distributing equity to successful applicants. The stock's subsequent listing marked a significant milestone in the company's corporate history, providing public market liquidity to shareholders.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Incorporated in 1997, AB Cotspin is engaged in the manufacturing of cotton yarn, knitted fabric, cottonseed oil, and oilcake products, producing largely based on client-specific orders. The company operates a manufacturing facility in Punjab along with two warehouses and one shop-cum-godown to support its supply chain operations. As of the date of the DRHP, AB Cotspin has an installed capacity of 18,000 spindles for cotton yarn manufacturing, 441 MT per annum for knitted fabric, and 6,750 MT per annum for cottonseed oil and oilcake, backed by significant investments in manufacturing infrastructure, with the majority of its customer base located in Punjab.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
- Diverse Product Range: Offers a wide portfolio with a strong focus on quality.
- Experienced Team: Led by skilled management and supported by a dedicated workforce.
- Repeat Customer Orders: High customer satisfaction drives recurring business.
- Location Advantage: Strategically located to support efficient operations.
NA
- Deepak Garg
- Pooja Garg
AB Cotspin India Limited
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