Pashupati Cotspin IPO is all about to make its debut on 28 Aug 2017 with issue size of INR 1.54 Cr
Pashupati Cotspin Ltd (PCL), a 2013 incorporation, is in the business of processing kapas (raw cotton) through cotton ginning, cotton yarn spinning, and defining processes. The company sells Black Cotton seeds, Cotton yarn, and Cotton bales.
The company’s manufacturing facility is located adjacent to the productive cotton-growing regions of Maharashtra and Saurashtra (region) of Gujarat in Kadi in Mehsana District. 56 ginning units and a total spindleage capacity of 25536 spindles have been developed by the company. The plant is furnished with cutting-edge, automated equipment. PCL is also renting out the storage space that is available to it to consumers in order to generate lease rentals as payment.
INDUSTRY OVERVIEW
According to projections, India’s GDP would keep expanding rapidly, making it the G20 country with the fastest pace of growth. While private investment is anticipated to gradually rebound as a result of declining surplus capacity and the adoption of measures to improve ease of doing business, such as the Goods and Services Tax, public salary and pension increases are anticipated to underpin consumption. Investment is hampered, meanwhile, by high leverage and non-performing loans. Inflation expectations are expected to keep monetary policy tight. The requirement to reduce public debt limits fiscal stimulus, but infrastructure spending is essential for boosting living standards.
Manufacturing has lagged behind, but increasing the creation of high-quality jobs will necessitate easing FDI and trade restrictions, modernizing labor laws, and enhancing education and skill levels. Due to the robust demand from Asia and the euro region, exports have increased, and FDI net inflows have been expanding consistently.
Pashupati Cotspin IPO Details
| IPO Date | Aug 28, 2017 to Aug 31, 2017 |
| Listing Date | Sep 8, 2017 |
| Face Value | ₹10 per share |
| Price | ₹75 per share |
| Lot Size | 1600 Shares |
| Total Issue Size | 2,784,000 shares(aggregating up to ₹1.54 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
Company Financials
| FY2013 | FY2014 | FY2015 | FY2016 | FY2017 | ||
| Total revenue | 0.00 | 75.28 | 265.81 | 262.36 | 279.20 | |
| Total expenses | 0.16 | 76.43 | 258.86 | 253.00 | 266.79 | |
| Profit after tax | -0.11 | 0.32 | 8.08 | 8.43 | 13.48 |
Objects of the Issue
The object of the issue are to:
1. To Meet Working Capital Requirement;
2. General Corporate Purpose;
3. To Meet the Issue Expenses.
Pashupati Cotspin IPO Prospectus
Company Contact Information
Pashupati Cotspin Ltd
Survey No.404 At & Post Balasar,
Kadi-Detroj Road,
Kadi ,Mahesana – 382715
Phone: +91-02764-262200
Email: info@pashupaticotspin.com
Website: http://www.pashupaticotspin.com
Pashupati Cotspin IPO Registrar
Sharex Dynamic (India) Pvt Ltd
Phone: +91- 22 – 2851 5606
Email: sharexindia@vsnl.com
Website: http://www.sharexindia.com
Pashupati Cotspin IPO Lead Manager(s)
- Hem Securities Limited (Past IPO Performance)
Lead Manager Reports
- IPO Lead Manager Performance Summary
- IPO Lead Manager Performance Tracker
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