AB Cotspin IPO Subscription Status

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/

AB COTSPIN IPO

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