
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
Overall Subscription
0.00x
Total Demand
QIB Multiplier
0.00x
Institutions & Funds
NII / HNI
0.00x
High Net-Worth
Retail (RII)
0.00x
Individual Bidders
Live bidding breakdown by institutional, non-institutional, and retail investors
| Category | Shares Offered | Shares Applied / Bid | Times Subscribed |
|---|---|---|---|
| Qualified Institutional (QIB) | 1,441,429 | — | 0.00x |
| Non-Institutional (NII / HNI) | 432,429 | — | 0.00x |
| Retail Individual (RII) | 1,009,000 | — | 0.00x |
| Total | 2,882,858 | 0 | 0.00x |
Total unique applications received across retail and HNI tranches
| Category | Applications Reserved | Applications Received | Times Subscribed |
|---|---|---|---|
| Retail (RII) | 252 | 252 | 1.00x |
| HNIs (10L +) | 2 | 2 | 1.00x |
| HNIs (2-10L) | 8 | 8 | 1.00x |
| Total Applications | 262 | 262 | 1.00x |
Track continuous institutional and retail bidding order books for all active issues on the ipo live subscription feed.
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.
Currently, AB Cotspin India Limited IPO Grey Market Premium (GMP) is not actively quoted or is quoted flat at ₹0. The shares are expected to list close to the issue price band of ₹33 to ₹35 per equity share.
The retail lot size is 4000 shares requiring a minimum application amount of ₹1,40,000. Expected listing price is ₹35 per equity share.
The AB Cotspin India Limited IPO aggregate issue size is ₹10.09 Crores with an equity price band set at ₹33 to ₹35 per equity share. The retail lot size is 4000 shares requiring a minimum capital outlay of approx. ₹1,40,000.
Live subscription figures are compiled real-time from the NSE and BSE bidding engines. Currently, overall subscription is 0.00x (Retail: 0.00x, QIB: 0.00x, NII: 0.00x). You can track live multiples directly on our dedicated subscription page.
The basis of allotment will be published on the official registrar portal (Link Intime India Private Limited) and the BSE status verification website on or around 2022-01-06. Investors can verify status using PAN card or application number.
AB Cotspin India Limited shares are scheduled to list on NSE on 2022-01-11.