AB Cotspin India Ltd. IPO — GMP, Details & Subscription

IPO Details

Open Date

30 Dec 2021

Close Date

03 Jan 2022

Allotment

06 Jan 2022

Listing Date

11 Jan 2022

Exchange

NSE SME

Price Band

₹35

Listing Price

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Allotment Status

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Price Band

₹35

Per share

Face Value

₹10 per share

Lot Size

4,000 Shares

per lot

Issue Size

28,84,000 shares (aggregating up to ₹10.09 Cr)

Total offering

Issue Type

Bookbuilding IPO

Min Investment

₹140,000

1 lot

Pre-IPO Holding

74,08,200 shares

Promoters

Post-IPO Holding

1,02,92,200 shares

Promoters

P/E (Pre)

2.71x

UPI Deadline

2022-01-03

Mandate

Anchor AllotmentWed, 29 Dec 2021

Basis of AllotmentThu, 06 Jan 2022

Refund InitiationFri, 07 Jan 2022

Demat CreditMon, 10 Jan 2022

Listing DayTue, 11 Jan 2022

UPI Mandate Deadline2022-01-03

Sale TypeFresh Capital

Net Offer to Public27,36,000 shares (aggregating up to ₹9.58 Cr)

Market Maker Quota1,48,000 shares (aggregating up to ₹0.5180 Cr)

QIB Quota50% of Net Issue

HNI / NII Quota15% of Net Issue

Retail Quota35% of Net Issue

Check AllotmentClick here →

Subscription Rate Final

AB Cotspin India Ltd. IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 03 Jan 2022.

QIB

1.00x

Over

NII/HNI

1.00x

Over

Retail

1.00x

Over

Total

1.00x

Over

Category	Subscription	Shares Offered	% of Total	Amount (₹Cr)
Market Maker	Awaited	148,000	—	₹0.52
QIB	Over 1.00x	—	—	—
NII / HNI	Over 1.00x	—	—	—
Retail	Over 1.00x	—	—	—
Total	1.00x	2,884,000	100%	₹10.09

IPO Shares Offered

AB Cotspin India Ltd. IPO total issue size: ₹10.09 Cr.

Category	Shares Offered	Amount (₹Cr)	Size (%)
Market Maker	148,000	₹0.52	5.13%
Total	2,884,000	₹10.09	100.00%

* Based on upper price band ₹35 per share

Lot Size & Investment

Lot Size

4,000

Shares per Lot

Issue Price

₹35.00

Upper Band

Min Investment

₹140,000

1 Lot

Application	Lots	Shares	Amount
Retail (Min — 2 Lots)	2	8,000	₹280,000
Retail (Max — 13 Lots)	13	52,000	₹1,820,000
S-HNI (Min — 14 Lots)	14	56,000	₹1,960,000
B-HNI (Min — 68 Lots)	68	272,000	₹9,520,000

* Issue Price ₹35 × Lot Size 4,000 shares

IPO Schedule

Anchor

29 Dec 2021

✓ Done

IPO Open

30 Dec 2021

✓ Done

IPO Close

03 Jan 2022

✓ Done

Allotment

06 Jan 2022

✓ Done

Refunds

07 Jan 2022

✓ Done

Demat Credit

10 Jan 2022

✓ Done

Listing Day

11 Jan 2022

✓ Done

₹35.00

INR · NSE

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Issue ₹35.00 Live Price

About AB Cotspin India Ltd.

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 qualityExperienced management and dedicated employee baseRepeat orders from satisfied customersLocation Advantage

Objects of the Issue

1 Funding the working capital requirements of the Company Requirement

2 General corporate purposes

AB Cotspin India Ltd. Financials (Amount in Crore)

Revenue from Operations

₹94.3

31-Mar-20

₹115.6

31-Mar-21

₹30.5

30-Jun-21

Profit After Tax (PAT)

₹0.8

31-Mar-20

₹3.9

31-Mar-21

₹3.3

30-Jun-21

Particulars	30-Jun-21	31-Mar-21	31-Mar-20
Revenue from Operations	30.53	115.57	94.28
EBITDA	N/A	N/A	N/A
Profit After Tax (PAT)	3.32	3.88	0.76
Net Worth	N/A	N/A	N/A
Total Assets	71.84	63.70	52.76
Reserves & Surplus	N/A	N/A	N/A
Borrowings	N/A	N/A	N/A
EBITDA Margin (%)	N/A	—	—
PAT Margin (%)	N/A	—	—

Issue Structure & Shareholding

Total Shares Offered28,84,000 (100.00%)

Net Offer to Public27,36,000 shares (aggregating up to ₹9.58 Cr)

Reserved for Market Maker1,48,000 shares (aggregating up to ₹0.5180 Cr)

Pre-Issue Promoter Holding74,08,200 shares

Post-Issue Promoter Holding1,02,92,200 shares

P/BV RatioN/A

RoEN/A

RoCEN/A

Debt / EquityN/A

Script CodeN/A

Registrar & Lead Managers

IPO Registrar

MUFG Intime India Pvt.Ltd.

+91-22-4918 6270

abcotspin.ipo@linkintime.co.in

https://linkintime.co.in/Initial_Offer/public-issues.html

Check Allotment

Book Running Lead Managers

Pantomath Capital Advisors Pvt.Ltd.

GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.

IPO Subscription FAQs

How much AB Cotspin India Ltd. IPO subscribed? ▲

AB Cotspin India Ltd. IPO is subscribed 1.00 times by Jan 03, 2022. Retail: 1.00x. QIB: 1.00x. NII: 1.00x.

Investor Category	Subscription
Qualified Institutional (QIB)	1.00x
Non Institutional (NII/HNI)	1.00x
Retail Individual	1.00x
Total Subscription	1.00x

What is AB Cotspin India Ltd. IPO retail subscription status? ▼

The AB Cotspin India Ltd. IPO retail category is subscribed 1.00 times as of 03 Jan 2022. The retail portion is oversubscribed.

How to subscribe AB Cotspin India Ltd. IPO? ▼

Subscribe via your broker app using ASBA or UPI. Opens 30 Dec 2021 and closes 03 Jan 2022. Min investment: ₹140,000 (1 lot = 4,000 shares). UPI mandate: 2022-01-03.

How many times AB Cotspin India Ltd. IPO subscribed? ▼

The AB Cotspin India Ltd. IPO subscribed 1.00x overall. QIB: 1.00x, NII: 1.00x, Retail: 1.00x. Applications: from NSE/BSE.

How to check AB Cotspin India Ltd. IPO allotment? ▼

Check allotment on the registrar website (MUFG Intime India Pvt.Ltd.) at https://linkintime.co.in/Initial_Offer/public-issues.html. Enter your PAN, application number or DP/Client ID. Allotment date: 06 Jan 2022. Refunds: on 07 Jan 2022.

When AB Cotspin India Ltd. IPO will be listed? ▼

The AB Cotspin India Ltd. IPO listing date is 11 Jan 2022, Tuesday. Listed on: NSE SME. Issue price: ₹35. Estimated listing: ₹35. GMP: NIL.

When AB Cotspin India Ltd. IPO close? ▼

The AB Cotspin India Ltd. IPO closes on 03 Jan 2022, Monday. UPI mandate: 2022-01-03. Allotment: 06 Jan 2022. Listing: 11 Jan 2022.

Quick Actions

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Live Price LIVE

Last Price₹35.00

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Issue Price₹35.00

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Quick Summary

StatusListed

Issue Price₹35

Face Value₹10

Lot Size4,000 Sh

Min. Amount₹140,000

GMPNIL

Est. Listing₹35

Subscribed1.00x

Open Date30 Dec 2021

Close Date03 Jan 2022

Allotment06 Jan 2022

Listing Date11 Jan 2022

ExchangeNSE SME

UPI Deadline2022-01-03