
Textiles · NSE
Incorporated in 1997, AB Cotspin is engaged in the manufacturing of cotton yarn, knitted fabric, cottonseed oil, and oilcake products, producing largely based on client-specific orders. The company operates a manufacturing facility in Punjab along with two warehouses and one shop-cum-godown to support its supply chain operations. As of the date of the DRHP, AB Cotspin has an installed capacity of 18,000 spindles for cotton yarn manufacturing, 441 MT per annum for knitted fabric, and 6,750 MT per annum for cottonseed oil and oilcake, backed by significant investments in manufacturing infrastructure, with the majority of its customer base located in Punjab.
Price Band
₹33 – ₹35
Issue Size
₹10.09 Cr
Lot Size
4000 shares
GMP
Est. Listing
₹35
at current GMP
Subscribed
—
Open
30 Dec 2021
Close
3 Jan 2022
Allotment
6 Jan 2022
Refund
7 Jan 2022
Demat Credit
8 Jan 2022
Listing
11 Jan 2022
Designated Registrar: Link Intime India Private Limited
Allotment Date
6 Jan 2022
Basis finalization
Refunds Initiate
7 Jan 2022
Mandate release
Demat Credit
8 Jan 2022
Shares in demat
Listing Debut
11 Jan 2022
Trading begins
AB Cotspin India Limited is bringing an initial public offering (IPO) in the Textiles sector with an aggregate issue size of ₹10.09 Crores. The shares are offered at a price band of ₹33 to ₹35 per equity share on NSE. Currently, traders and retail applicants are calculating expected listing gains and break-even points based on unofficial grey market quotations.
Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 4000 shares (approx. ₹1,40,000 minimum investment). High net-worth individuals (HNI/NII) can bid in the sHNI (₹2 Lakh to ₹10 Lakh) or bHNI (above ₹10 Lakh) categories for enhanced quota allocation.
Allotment reconciliation will be managed by Link Intime India Private Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2022-01-08, while un-allotted funds or UPI block mandates will be released on 2022-01-07.
Allotment records are updated in batches. If the status is not yet available, please wait a few hours until the basis of allotment is fully finalized.
Since funds are blocked under ASBA/UPI, the bank will automatically release the blocked hold on your funds upon receipt of revocation instructions from the sponsor bank.