Incorporated in 1997, AB Cotspin is engaged in the manufacturing of cotton yarn, knitted fabric, cottonseed oil, and oilcake products. The company manufactures products based on the orders from its clients.
The company has one manufacturing facility located in, Punjab, along with 2 warehouses and 1 shop cun godown to manage its supply chain operations. As of the date of the DRHP, the company has 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. The company has made significant investments in its manufacturing infrastructure to support its product portfolio requirements and reach. Majority of the company’s customers are from Punjab and Haryana.
Competitive Strengths:
- Diverse product portfolio with a focus on quality
- Experienced management and dedicated employee base
- Repeat orders from satisfied customers
- Location Advantage
Company Promoters:
Deepak Garg and Pooja Garg are the company promoters.
Company Financials:
| Particulars | For the year/period ended (₹ in Millions) | ||
|---|---|---|---|
| 30-Jun-21 | 31-Mar-21 | 31-Mar-20 | |
| Total Assets | 718.42 | 636.96 | 527.61 |
| Total Revenue | 305.34 | 1,155.67 | 942.81 |
| Profit After Tax | 33.22 | 38.78 | 7.57 |
Objects of the Issue:
- Funding the working capital requirements of the company; and
- General corporate purposes
AB Cotspin IPO Details
| IPO Opening Date | Dec 30, 2021 |
| IPO Closing Date | Jan 3, 2022 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹33 to ₹35 per equity share |
| Market Lot | 4000 Shares |
| Min Order Quantity | 4000 Shares |
| Listing At | NSE SME |
| Issue Size | 2,884,000 Eq Shares of ₹10 (aggregating up to ₹10.09 Cr) |
| Fresh Issue | 2,884,000 Eq Shares of ₹10 (aggregating up to ₹10.09 Cr) |
AB Cotspin IPO Lot Size
The AB Cotspin IPO market lot size is 4000 shares. A retail-individual investor can apply for up to 1 lots (4000 shares or ₹140,000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 4000 | ₹140,000 |
| Maximum | 1 | 4000 | ₹140,000 |
AB Cotspin IPO Promoter Holding
| Pre Issue Share Holding | 48.50% |
| Post Issue Share Holding |
Company Contact Information
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 Registrar
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: abcotspin.ipo@linkintime.co.in
Website: https://linkintime.co.in/