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Open
30 Dec, 2021 to 3 Jan, 2022
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Close
30 Dec, 2021 to 3 Jan, 2022
3
Allotment
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Listing
Tue, Jan 11, 2022
Price Band
₹33 to ₹35
Issue Size
28,84,000 shares (agg. up to ₹10 Cr)
Lot Size
4,000 Shares
Listing Date
Tue, Jan 11, 2022
Latest GMP
₹0
✦ AI Insight
GMP Trend
27-10-2025₹0Est. ₹—+0%
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 10.86x |
Restated Financials (₹ Cr.)
| Period Ended | 30 Jun 2021 | 31 Mar 2021 | 31 Mar 2020 | 31 Mar 2019 |
|---|---|---|---|---|
| Assets | 71.84 | 63.70 | 52.76 | 55.05 |
| Total Income | 30.53 | 115.57 | 94.28 | 121.06 |
| Profit After Tax | 3.32 | 3.88 | 0.76 | 1.33 |
| EBITDA | 5.74 | 10.10 | 5.67 | 7.61 |
| NET Worth | 25.22 | 21.83 | 17.95 | 17.21 |
| Reserves and Surplus | 17.62 | 19.17 | 15.29 | 14.55 |
| Total Borrowing | 38.76 | 36.08 | 29.11 | 33.93 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Rangoli Tradecomm Ltd. | SME | ₹45.15 Cr | ₹207 | null | ₹220.40 | +6.47% | ₹1.01 (+4.12%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding the working capital requirements of the Company Requirement | 7.75 |
| 2 | General corporate purposes | 1.78 |
About AB Cotspin IPO
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 + Read More
Contact Details
AB Cotspin India Ltd. Address176, Homeland EnclaveBhatinda, Punjab, 151001+91 01642970169investors@abcotspin.inVisit Website