Today, we have brought important updates and details regarding AB Cotspin SME IPO shares. The company has announced that it will Issue its IPO shares from December 30 and will close on January 03, 2022. So, stay with us for the important details and the company’s objective of issuing shares. According to the sources, the main objective of the company is to raise around ₹10.09 crores through SME (Small Medium Enterprise) IPO.
The market lot of the company must be 4000 shares at a fixed IPO price band between ₹33 to ₹35. Now, we are going to tell you about IPO Details. But before you must know about the company’s background.
AB Cotspin IPO Review & All Details
AB Cotspin Limited is a private corporation that is going to enter the share market by Issuing IPO shares for sales and raising the funds. The company was registered in the year 1997 in Punjab.
Since then they have been continuously running their business in the manufacturing field. The company manufactures cotton yarn, knitted fabric, cottonseed oil, and oilcake products.
They have their manufacturing facility which is located in Punjab with 2 warehouses and 1 godown. The company has 20 years of experience in Knitted cotton fabric manufacturing. In this span, they have installed more than 18000 spindles.
AB Cotspin SME IPO Date, Price Band, & GMP
| IPO Opening Date | Dec 30, 2021 |
| IPO Closing Date | Jan 3, 2022 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹33 to ₹35 per equity share |
| Market Lot | 4000 Shares |
| Min Order Quantity | 4000 Shares |
| Listing At | NSE SME |
| Issue Size | 2,884,000 Eq Shares of ₹10 (aggregating up to ₹10.09 Cr) |
| Fresh Issue | 2,884,000 Eq Shares of ₹10 (aggregating up to ₹10.09 Cr) |
AB Cotspin SME IPO Market Lot Size
The SME IPO Market Lot Size is 4000 shares. A retail-individual investor can apply for up to 1 lot (4000 shares or ₹140,000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 4000 | ₹140,000 |
| Maximum | 1 | 4000 | ₹140,000 |
AB Cotspin IPO Date, Time Table, Allotment & Listing
AB Cotspin IPO Opening Date is Dec 30, 2021, and the close date is Jan 03, 2022. The issue may list in January 2022
| IPO Open Date | 30 December 2021 |
| IPO Close Date | 03 January 2022 |
| Basis of Allotment Date | January 2022 |
| Initiation of Refunds | January 2022 |
| Credit of Shares to Demat Account | January 2022 |
| IPO Listing Date | January 2022 |
AB Cotspin Company Financial Report
| ₹ in crores | ||||
| Income | Revenue | Expense | Profit After Tax | |
| 2019 | ₹52.76 | ₹94.28 | ₹93.20 | ₹0.76 |
| 2020 | ₹63.70 | ₹155.57 | ₹110.09 | ₹3.88 |
| 2021-3M | ₹71.84 | ₹30.53 | ₹26.26 | ₹3.32 |
We couldn’t get you the review right now until the company will start issuing shares on their opening day. Till then, you have to wait for the review. However, the company is a small-scale enterprise. It is a golden opportunity for small-term investors who want to earn profit by purchasing their AB Cotspin IPO shares. Stay tuned with us for the next updates till then keep following us on our official site All Social Updates.