AB Cotspin IPO is subscribed 2.78 times. The public issue is subscribed 4.48 times in the retail category, and 1.07 times in the NII category by Dec 31st, 2021. The IPO had no QIB quota as said in the DRHP.
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 IPO Promoters
- Deepak Garg
- Pooja Garg
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 Subscription Status
AB Cotspin IPO is an issue of 2,736,000 equity shares. The issue offers 1,368,000 shares to retail investors, and 1,368,000 shares to NII (non-institutional investors).
The day-wise subscription status of AB Cotspin is as follows
| Date | NII | Retail | Total |
|---|---|---|---|
| Day 1 30-12-2021 |
0.25 times | 1.69 times | 0.97 times |
| Day 2 31-12-2021 |
1.07 times | 4.48 times | 2.78 times |
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 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 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/
