AB Cotspin IPO is all set to make its debut on 30th Dec 21 with 2.26 cr 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.
AB Cotspin IPO – overview
| IPO Dates | Dec 30, 2021, to Jan 3, 2022 |
| IPO Price | INR 35 per share |
| Fresh issue | 2884,000 shares (INR 10.09 crore) |
| Offer For Sale | Nil |
| Total IPO size | 2884,000 shares (INR 10.09 crore) |
| Minimum bid (lot size) | 4000 shares |
| Face Value | INR 10 per share |
| Retail Allocation | 50% |
| Listing On | NSE Emerge |
AB Cotspin IPO – Tentative Dates
| IPO Offer Opening Date | 30 Dec 2021 |
| IPO Closing Date | 03 Jan 2022 |
| Finalization of Basis of Allotment | 06 Jan 2022 |
| Initiation of refunds | 07 Jan 2022 |
| Transfer of shares to demat accounts | 10 Jan 2022 |
| IPO Listing Date | 11 Jan 2022 |
| Opening Price on NSE SME | Coming soon |
| Closing Price on NSE SME | Coming soon |
Company Overview
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. The majority of the company’s customers are from Punjab and Haryana.
Industry Overview
Cotton plays an important role in the Indian economy as the country’s textile industry is predominantly cotton based. India is one of the largest producers as well as exporters of cotton yarn. The Indian textiles industry contributes around 5% to the country’s gross domestic product (GDP), 14% to industrial production, and 11% to total export earnings. The industry is also the second-largest employer in the country after agriculture, employing over 51 million people directly and 68 million people indirectly, including unskilled women. The textiles industry is also expected to reach US$ 223 billion by 2021. Gujarat, Maharashtra, Telangana, Andhra Pradesh, Karnataka, Madhya Pradesh, Haryana, Rajasthan, and Punjab are the major cotton producers in India.
Competitive Strengths:
- Diverse product portfolio with a focus on quality
- Experienced management and dedicated employee base
- Repeat orders from satisfied customers.
Objectives of the issue
- Funding the working capital requirements of the company.
- General corporate purposes.
Company Financials
| Particulars | 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 |
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/
Registrar
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: abcotspin.ipo@linkintime.co.in
Website: https://linkintime.co.in/
Lead Manager(s)
- Pantomath Capital Advisors Pvt Ltd (Past IPO Performance)
Lead Manager Reports
- IPO Lead Manager Performance Summary
- IPO Lead Manager Performance Tracker
