AB Cotspin India IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Nov 15, 2022Let’s have a detailed review of the company and analytics of the AB Cotspin India IPO release date, IPO offer price, subscription, AB Cotspin India Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.
| Face Value | Rs 10 |
| Cash Price | Rs 33 to Rs 35 |
| Listing At | NSE EMERGE |
| Min. Order Quantity | 4000 Shares |
| Listing Date | Jan 11, 2022 |
| Offer for Sale | Rs Lakh |
| Fresh Issue | Rs 1009 Lakh |
| IPO Size | Rs 1009 Lakh |
| Tick Size | 1 |
AB Cotspin India IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.
AB Cotspin India IPO – Summary
Their Company is a full-service provider of manufacturing of engineered goods and supply chain management services. They also offer efficient services in advanced engineering, 3D scanning, rapid prototyping, flow simulation, project management, and quality management.
Their primary focus remained is primarily engaged in the manufacturing of cotton yarn, knitted fabric, cottonseed oil, and oilcake. their company commenced its business in 1997 with a cotton ginning plant with cotton bales and cotton seeds being their initial products.
Thereafter in the year 2000, they installed a crushing unit to extract oil from cotton and mustard seeds and expanded their product basket with the addition of cottonseed oil, mustard oil, and oil cake. In the year 2011, they ventured into manufacturing cotton yarn by setting up a spinning plant.
The Promoter of this company is Deepak Garg and Pooja Garg. The lead manager to the issue is PANTOMATH CAPITAL ADVISORS PRIVATE LIMITED, and the Registrar to this issue is LINK INTIME INDIA PRIVATE LIMITED.
AB Cotspin India IPO Date
The opening and the closing date of the IPO of AB Cotspin India Limited are Dec 30, 2021, and Jan 3, 2022, respectively.
AB Cotspin India IPO Subscription
| Day / Date | NII | RII | Total Subscription |
| 1st Day – 30th Dec | 0.25x | 1.69x | 0.97x |
| 2nd Day – 31st Dec | 1.07x | 4.48x | 2.78x |
| 3rd Day – 3rd Jan | 9.45x | 17.47x | 13.46x |
| Shares Offered or Net Issue | 1,368,000 | 1,368,000 | 2,736,000 |
The shares subscribed by the public will be updated here.
Check AB Cotspin India IPO LIVE Subscription
- AB Cotspin India IPO LIVE Bid details on BSE
- AB Cotspin India IPO LIVE Bid details on NSE
For the Latest Bid details click on the above links.
AB Cotspin India IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.
AB Cotspin Limited IPO Listing Date
Find the dates below on basis of allotment, refund, listing, and more:
| Basis of Allotment Finalization | Jan 6, 2022 |
| Refunds Initiation | Jan 7, 2022 |
| Credit of Shares to Demat Account | Jan 10, 2022 |
| Share Listing Date | Jan 11, 2022 |
AB Cotspin IPO Cash Price
The face value of each share is Rs.10, but the price band of the IPO is Rs 33 to Rs 35
AB Cotspin India IPO Equity Size
This Initial Public Issue of 2,884,000 Equity Shares of Rs.10 each for cash at a price of Rs 33 to Rs 35 per equity share aggregating to Rs.1009 Lakh.
AB Cotspin IPO Share Offering
Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of 2,884,000 Equity Shares of Rs.10/ each.
Issue Size: 2,884,000 Equity Shares of Rs.10 each, aggregating to Rs.1009 Lakh
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AB Cotspin India IPO – Live Performance
The listing date of this IPO is Jan 11, 2022. You can check the live performance of the IPO here, only after it is listed on exchanges.
| Live IPO Performance – AB Cotspin India Share Price |
AB Cotspin India IPO Grey Market Premium
The AB Cotspin India Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is X.
AB Cotspin India IPO – Company Overview
They have one manufacturing facility which is located at, Jaitu (Dist Faridkot), Punjab. As of the date of the DRHP, they have an installed 18,000 spindles for manufacturing cotton yarn, 441 mt p.a. for knitted fabric, and 6,750 mt p.a. for seed oil/oilcake.
Over the years, they have made investments in their manufacturing infrastructure to support their product portfolio requirements and reach. They are supplying their products domestically. Their domestic revenue from operations for the nine months period ended December 31, 2020, and for the financial years ended March 31, 2020, 2019, and 2018 were 100.00%, 100.00%, 97.81%, and 99.71% respectively of their total revenue from operations.
As of the date of the DRHP, their majority of customers are being situated in Punjab and Haryana. As of December 31, 2020, they have 2 warehouses to manage their supply chain operations.
In the year 2014, they installed a knitting machine and thus forayed into the manufacturing of knitted fabric. With their expansion over the years under the guidance of their management, they have been able to generate revenue from operations of Rs. 9,411.44 lakhs during fiscal 2020
AB Cotspin India IPO – Financial Statements
A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:
Financial Summary:
| Amount (in INR & Lakh) | ||||
| 31-Dec-20 | 31-Mar-20 | Mar-19 | 31-Mar-18 | |
| Total Assets |
6,160.09
|
5,275.87
|
5,506.58
|
6,577.83
|
| *Total Revenue | 8159.41 |
9,428.11
|
12,106.13
|
12,132.21
|
| Total Expense | 7813.36 |
9,320.27
|
11,926.89
|
12,004.51
|
| Profit After Tax | 249.74 | 75.77 | 117.38 | 113.74 |
Earnings per Equity Share (in Lakh)
| 31-Dec-20 | 31-Mar-20 | Mar-19 | 31-Mar-18 |
|
| Basic & Diluted | 3.37 | 1.02 | 1.58 | 1.54 |
AB Cotspin India IPO – Promoters
The Promoter of this company is:
- Deepak Garg
- Pooja Garg
List of Related Parties (Key Managerial Personnel)
- Deepak Garg, Chairman, and Managing Director
- Manohar Lal, Whole Time Director
- Ramesh Kumar, Non-Executive Director
- Preet Kamal Kaur Bhatia, Independent Director
-
Puneet Bhandari, Independent Director
AB Cotspin India IPO – Promoters Holding
- Pre Issue Share Holding – %
- Pos Issue Share Holding – %
AB Cotspin India IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Up to 2,884,000 Equity Shares aggregating up to Rs.1009 Lakh |
| of which: | |
| Issue Reserved for the Market Makers | Up to [●] Equity Shares aggregating up to Rs.[●] Lakh |
| Net Issue to the Public | Up to [●] Equity Shares aggregating up to Rs.[●] Lakh |
| Of which: | |
| Retail Investors Portion | Not less than [●] Equity Shares |
| Other than Retail Individual Investors | Not more than [●] Equity Shares |
| Equity Shares outstanding prior to the Issue | 74,08,200 Equity Shares |
| Equity Shares outstanding after the Issue | X Equity Shares |
AB Cotspin India IPO Issue Object
Their Company proposes to utilize the Net Proceeds towards funding the following objects:
1. Prepayment/repayment of certain secured borrowings availed by their Company
2. General Corporate Purpose
AB Cotspin India IPO – Business Strategy
-
Increase their existing installed capacities
-
Increase their customer base by exploring new markets
-
Continue to improve operating efficiencies through technology enhancements
-
Brand Image
AB Cotspin IPO – Basis of Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- Diverse product portfolio with a focus on quality
- Experienced management and dedicated employee base
- Repeat Orders
- Location Advantage
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-20 |
1.02
|
4.22
|
24.23
|
| 31-Mar-19 |
1.58
|
6.82
|
– |
| Mar-18 |
1.54
|
7.10
|
– |
AB Cotspin India IPO: Competitive Peers
| Face Value (Rs.) | P/E | EPS Basic (Rs.) | EPS Diluted (Rs.) | Return on Net Worth (%) | Total Income (Rs. in Lakhs) | |
| AB Cotspin India Limited | 10 |
[●]
|
1.02
|
1.02
|
4.22
|
9428.11
|
| Listed Peers | ||||||
|
Amarjothi Spinning Mills Limited
|
10 |
8.93
|
16.13
|
22.57
|
8.90 |
17761.99
|
|
Suryalata Spinning Mills Limited
|
10 |
5.41
|
33.06
|
33.06
|
11.40
|
37159.62
|
|
Salona Cotspin Limited
|
10 |
67.80
|
2.23
|
2.23
|
3.66
|
12192.37
|
|
Pashupati Cotspin Ltd.
|
10 |
32.73
|
2.33
|
2.40
|
5.00
|
39701.11
|
AB Cotspin India IPO Lead Managers
| Lead Managers |
|
PANTOMATH CAPITAL ADVISORS PRIVATE LIMITED
406-408, Keshava Premises, Behind Family Court,
Bandra Kurla Complex, Bandra East, Mumbai 400051,
Maharashtra, India
Tel:+91-22 6194 6700
Fax:+91-22 2659 8690
Email:ipo@pantomathgroup.com
Website:www.pantomathgroup.com
Investor Grievance Id:ipo@pantomathgroup.com
Contact Person:Kruthika Shetty
SEBI Registration No:
INM000012110
|
AB Cotspin India IPO Registrar to offer
| Registrar to the Offer |
|
LINK INTIME INDIA PRIVATE LIMITED
C-101, 1st Floor, 247 Park, L.BS. Marg,
Vikhroli (West), Mumbai 400083,
Maharashtra, India
Tel:+91-022-49186200
Fax:+91-022-49186195
Email:abcotspin.ipo@linkintime.co.in
Website:www.linkintime.co.in
Investor Grievance Id: abcotspin.ipo@linkintime.co.in
Contact Person: Shanti Gopalkrishnan
SEBI Registration Number:
INR000004058
|
AB Cotspin India IPO – Other Details
- Statutory Auditor – M/s. Shiv Jindal & Co., Chartered Accountants
- Legal Counsel to the Company – M V KINI, LAW FIRM
- Bankers to the Company – HDFC Bank Limited
AB Cotspin India IPO Review by Stock Brokers
| Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 7.5/10 | 7.4/10 | 8.5/10 | 8.1/10 | 7.1/10 |
| Sharekhan | 7.2/10 | 7.1/10 | 8.6/10 | 8.1/10 | 7.2/10 |
| Kotak Securities | 7.3/10 | 7.5/10 | 8.4/10 | 8.1/10 | 7.3/10 |
| ICICI Direct | 7.3/10 | 7.3/10 | 8.7/10 | 8.1/10 | 7.1/10 |
| IIFL | 7.5/10 | 7.2/10 | 8.8/10 | 8.0/10 | 7.1/10 |
| Edelweiss | 7.5/10 | 7.4/10 | 8.4/10 | 8.3/10 | 7.2/10 |
| Zerodha | 7.4/10 | 7.1/10 | 8.5/10 | 8.1/10 | 7.0/10 |
| 5Paisa | 7.1/10 | 7.1/10 | 8.4/10 | 8.1/10 | 7.1/10 |
| Karvy | 7.4/10 | 7.3/10 | 8.2/10 | 8.1/10 | 7.1/10 |
| Motilal Oswal | 7.1/10 | 7.1/10 | 8.6/10 | 8.3/10 | 7.2/10 |
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AB Cotspin India Limited IPO News
News 1 – IPO DRHP Download
News 2 – IPO RHP Prospectus Download
AB Cotspin India IPO Review FAQs
What is the Issue Size of AB Cotspin India IPO?
The Company is making an initial public offer of 2,884,000 equity shares. They vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and net issue.
What is the Price band of AB Cotspin India IPO?
The price band for this particular IPO ranges between Rs 33 to Rs 35. As far as the face value of the share is of concern, it is Rs.10 per share.
What is the AB Cotspin India IPO Open Date?
The opening and closing dates for this IPO have been updated. The IPO is set to open on Dec 30, 2021, while the closing date is set at Jan 3, 2022.
What is the A B Cotspin India IPO Allotment Date?
They also have the news regarding the respective allotment dates of this IPO. Basis of Allotment finalization is on Jan 6, 2022, refund initiation is on Jan 7, 2022, credit of shares is on Jan 10, 2022, and share listing date is on Jan 11, 2022.
What is the A B Cotspin India IPO Listing Date?
Shares of this company shall be listed in the exchanges on Jan 11, 2022. The date, when the listing would be done, is stagnant on Jan 11, 2022.
Who is the Registrar of A B Cotspin IPO?
One of the reputed registrars is managing the issue of this IPO, i.e. LINK INTIME INDIA PRIVATE LIMITED. Their website will help you regarding the further information you are on the lookout for.
Who is the Promoter of AB Cotspin IPO?
Here are the promoters of this IPO – Deepak Garg and Pooja Garg. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
What is the GMP of AB Cotspin IPO?
They have obtained the GMP of this IPO and it is NA. Further insights of Kostak rate and subject to sauda or SS are as well included in this report.
Is AB Cotspin IPO good for Investment?
They have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.
What is the PAT of AB Cotspin?
They have the information of company financials, and according to that, they have the figures from the last few years to provide. PAT for the financial year 2020 in Lakh is 75.77, 2019 is 117.38, 2018 is 113.74. PAT from Dec 2020 is 249.74.
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