AB Cotspin is established on 1997 by Deepak Garg and Pooja Garg are the company promoters.
AB Cotspin IPO: AB Cotspin primarily engaged in the manufacturing cotton yarn, knitted fabric, cottonseed oil and oilcake. The Company commenced its business in 1997 with a cotton ginning plant with cotton bales and cotton seeds being our initial products. Thereafter in the year 2000, They installed a crushing unit to extract oil from cotton and mustard seeds and expanded our product basket with the addition of cottonseed oil, mustard oil and oil cake. In the year
2011, They ventured in manufacturing cotton yarn by setting up a spinning plant. In the year 2014, They installed a knitting machine and thus forayed into the manufacturing of knitted fabric. With our expansion over the years under the guidance of our management, They have been able to generate revenue from operations of Rs. 11,536.49 lakhs during fiscal 2021.
They have one manufacturing facility which is located at, Jaitu (Dist Faridkot), Punjab. As on date of the DRHP, They have 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. Over the years, They have made investments in our manufacturing infrastructure to support their product portfolio requirements and reach.
AB Cotspin IPO Details
| IPO Opening Dates | 30 December 2021 |
| IPO Closing Dates | 3 January 2022 |
| Price Band | 33-35 Rs Per Share |
| Fresh Issue | 10.09 Crore |
| Total size | 10.09 Crore |
| Minimum bid (lot size) | 4000 Share |
| Face Value | 10 Rs share |
| Listing On | NSE SME |
AB Cotspin IPO Market Lot Details
| Lot | No of Shares | Amount | |
| Minimum | 1 | 4000 Shares | 1,40,000 Rs |
| Maximum | 1 | 4000 Shares | 1,40,000 Rs |
Financial Record of the last year (In Millions)
Financial Period : 30-Jun-21 (Restated Consolidated)
Total Assets : 718.42
Total Revenue : 305.34
Profit After Tax : 33.22
Earnings Per Share (EPS) FY2021 : – INR Per share
AB Cotspin IPO Allotment Date & Details
| Allotment Date | 6 Jan 2022 |
| Initiation of refunds | 7 Jan 2022 |
| Transfer of shares to Demat accounts | 10 Jan 2022 |
| Listing Date | 11 Jan 2022 |
AB Cotspin IPO DRHP
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AB Cotspin IPO GMP
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Registrar of AB Cotspin IPO
LINK INTIME INDIA PRIVATE LIMITED
C-101, 1st Floor, 247 Park, L.BS. Marg,
Vikhroli (West), Mumbai 400083,
Maharashtra, India
Tel: +91-022-49186200
Fax: +91-022-49186195
Email: [email protected]
Website: www.linkintime.co.in
Investor Grievance Id:
[email protected]
Contact Person: Shanti Gopalkrishnan
SEBI Registration Number: INR000004058
AB Cotspin Contact Details
AB Cotspin India Limited
176, Homeland Enclave,
Bathinda,
Punjab – 151001
Phone: +91 01642970169
Email: [email protected]
Website: http://www.abcotspin.com/
AB Cotspin IPO Lead Managers
PANTOMATH CAPITAL ADVISORS PRIVATE
LIMITED
406-408, Keshava Premises, Behind Family Court,
Bandra Kurla Complex, Bandra East, Mumbai 400051,
Maharashtra, India
Tel: +91-22 6194 6700
Fax: +91-22 2659 8690
Email: [email protected]
Website: www.pantomathgroup.com
Investor Grievance Id: [email protected]
Contact Person: Jigar Jain
SEBI Registration No: INM000012110