Let’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 ValueRs 10
Cash Price Rs [●]
Listing AtNSE EMERGE
Min. Order QuantityNA
Listing DateNA
Offer for SaleRs Lakh
Fresh IssueRs Lakh
IPO SizeRs Lakh
Tick Size1

AB Cotspin India IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.

Live Performance – AB Cotspin India Share Price

AB Cotspin India IPO – Summary

AB Cotspin India IPOTheir 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 not available yet.


AB Cotspin India IPO Subscription

Day / DateQIBNIIRIITotal Subscription
1st Day – 
2nd Day –  
3rd Day – 
Shares Offered or Net Issue

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
Refunds Initiation
Credit of Shares to Demat Account
Share Listing Date

AB Cotspin IPO Cash Price

The face value of each share is Rs.10, but the price band of the IPO is Rs.[●] 


AB Cotspin India IPO Equity Size

This Initial Public Issue of 28,82,000 Equity Shares of Rs.10 each for cash at a price of Rs.[●]  per equity share aggregating to Rs.[●] Lakh.


AB Cotspin IPO Share Offering

Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of [●] Equity Shares of Rs.10/ each.

Issue Size: X Equity Shares of Rs.10 each, aggregating to Rs.[●] Lakh


AB Cotspin India IPO – Live Performance

The listing date of this IPO is [●]. 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-2031-Mar-20Mar-1931-Mar-18
Total Assets
6,160.09
5,275.87
5,506.58
6,577.83
*Total Revenue8159.41
9,428.11
12,106.13
12,132.21
Total Expense7813.36
9,320.27
11,926.89
12,004.51
Profit After Tax249.7475.77117.38113.74

Earnings per Equity Share (in Lakh)

31-Dec-2031-Mar-20Mar-1931-Mar-18
Basic & Diluted3.371.021.581.54

AB Cotspin India IPO – Promoters

The Promoter of this company is:

  1. Deepak Garg 
  2. 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 28,82,000 Equity Shares aggregating up to Rs.[●] Lakh
of which:
Issue Reserved for the Market MakersUp to [●] Equity Shares aggregating up to Rs.[●]
Lakh
Net Issue to the PublicUp to [●] Equity Shares aggregating up to Rs.[●]
Lakh
Of which:
Retail Investors Portion Not less than [●] Equity Shares
Other than Retail Individual InvestorsNot more than [●] Equity Shares
 Equity Shares outstanding prior to the Issue74,08,200 Equity Shares
 Equity Shares outstanding after the IssueX 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 EPSRONW (%)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/EEPS Basic (Rs.)EPS Diluted (Rs.)Return on Net Worth (%)Total Income (Rs. in Lakhs)
AB Cotspin India Limited10
[●]
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 ReviewCompany ReputationCompetitive EdgeFinancial StatementPopularity IndexPromoters Reputation
Angel Broking7.5/107.4/108.5/108.1/107.1/10
Sharekhan7.2/107.1/108.6/108.1/107.2/10
Kotak Securities7.3/107.5/108.4/108.1/107.3/10
ICICI Direct7.3/107.3/108.7/108.1/107.1/10
IIFL7.5/107.2/108.8/108.0/107.1/10
Edelweiss7.5/107.4/108.4/108.3/107.2/10
Zerodha7.4/107.1/108.5/108.1/107.0/10
5Paisa7.1/107.1/108.4/108.1/107.1/10
Karvy7.4/107.3/108.2/108.1/107.1/10
Motilal Oswal7.1/107.1/108.6/108.3/107.2/10

 


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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 28,82,000 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 NA. 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 NA, while the closing date is set at NA.

    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 NA, refund initiation is on NA, credit of shares is on NA, and share listing date is on NA.

    What is the A B Cotspin India IPO Listing Date?

    Shares of this company shall be listed in the exchanges NA. The date, when the listing would be done, is stagnant on NA.

    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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