AB Cotspin IPO Date, Review, GMP, Price Details

Top yarn manufacturer AB Cotspin IPO opened on 30th December 2021 and will end on 3rd January 2022. The issue will be a book-built issue. Incorporated in the year 1997, AB Cotspin manufactures cotton yarn, knitted fabric, cottonseed oil, and oilcake products.

The company has one manufacturing unit located in Punjab, along with 2 warehouses and 1 shop with a godown to manage its supply chain operations. The company has installed over 18,000 spindles for manufacturing cotton yarn. The company’s main target customers are from Punjab and Haryana.

AB Cotspin has gradually diversified and expanded its operations from selling cotton bales and seeds to yarn, knitted fabric, edible oil, and oil cakes. In the year 2000, the company installed a crushing unit to extract oil from cotton and mustard seeds and expanded our product basket with the addition of cottonseed oil and oil cake.

AB Cotspin has come up with its IPO for funding working capital requirements and general corporate purposes.

AB COTSPIN IPO

AB Cotspin IPO Promoters

  • Deepak Garg
  • Pooja Garg

Company Financials

            Year           Revenue             Expenses    PAT
             2019           ₹94.20 Cr             ₹93.20 Cr ₹0.76
             2020           ₹155.57 Cr               ₹110.09 Cr ₹3.88
             2021             ₹30.53 Cr               ₹26.25 Cr ₹3.32

AB Cotspin IPO Details

IPO DETAILS AB Cotspin
Issue Period Opening Date: 30-12-2021
Closing Date:  03-01-2022
Price Band ₹33 – ₹35 per equity share
Issue Size 2,884,000 Eq Shares of ₹10
(aggregating up to ₹10.09 Cr)
Face Value ₹10 per equity share
Issue Type Book built issue
Fresh Issue 2,884,000 Eq Shares of ₹10
(aggregating up to ₹10.09 Cr)
Offer for sale N/A
Listing NSE SME
Registrar Link Intime India Private Limited

AB Cotspin IPO Timeline

AB Cotspin IPO will open on 30th Dec 2021 and close on 3rd Jan 2022.

IPO Opens 30-12-2021
IPO Ends 03-12-2022
Allotment Begins 06-01-2022
Refund Initiation 07-01-2022
Allotment Date 10-01-2022
Listing Date 11-01-2022

AB Cotspin IPO Lot Size (Retail Individual Investors)

Applications Lots Shares Amount(Cut-off)
Minimum 1 4000 ₹140,000
Maximum 1 4000 ₹140,000

AB Cotspin IPO GMP

AB Cotspin IPO has not yet traded in the grey market. We will update the GMP once it starts trading the grey market.

 AB Cotspin IPO Investor Category

AB Cotspin IPO has 50% of the net offer under the Retail Category.

QIB (Qualified Institutional Buyers)
NII (Non-Institutional Investors) 50% of net offer
RII (Retail Individual Investors) 50% of net offer

AB Cotspin IPO Review

The textile industry in India is gradually growing with India being self-reliant. The last 15 months have been fruitful compared to the previous 3 years for the company. It has many listed peers available at cheaper valuations. The company is gradually growing but its previous record makes its valuations fully priced. Taking all these into account, risky investors may consider an investment with a mid to long-term perspective and the rest can ignore this IPO.

AB Cotspin IPO Book Running Lead Manager

  • Pantomath Capital Advisors Pvt Ltd

AB Cotspin IPO Registrar

Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: abcotspin.ipo@linkintime.co.in
Website: https://linkintime.co.in/

Company Contact Details

AB Cotspin India Limited
176, Homeland Enclave,
Bathinda,
Punjab – 151001
Phone: +91 01642970169
Email: investors@abcotspin.in
Website: http://www.abcotspin.com/

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