AB Cotspin India Ltd - IPO

AB Cotspin India Ltd IPO Details

Initial public issue consisting of fresh issue of upto 28,84,000* equity shares of face value of Rs. 10 each (Equity Shares) of AB Cotspin India Limited (Company or Issuer) for cash at a price of Rs. 35 per equity share (including a share premium of Rs. 25 per equity share) aggregating upto Rs. 10.09 crores (The Issue). The Issue includes a reservation of upto 1,48,000 equity shares of face value Rs. 10 each at a cash price of Rs. 35 per equity share aggregating Rs. 0.52 crores for subscription by the market maker to the issue (The Market Maker Reservation portion). The issue less market maker reservation portion i.e. Net issue of upto 27,36,000 equity shares of face value of Rs. 10 each for cash at a price of Rs. 35 per equity share, aggregating Rs. 9.57 crores is hereinafter refered to as the Net Issue. The issue and the net issue will constitute 28.02% and 26.58% respectively of the post issue paid up equity share capital of the company.The Face Value of the Equity Shares is Rs. 10 each.The Issue price is : Rs. 35 of the equity share.The floor price is 3.5 times of the face value. Bids cans be made for a minimum of 4000 equity and in multiple of 4000 shares thereafter.

Objective of issue

Prepayment/Repayment of certain secured borrowings availed by the company. General Corporate Purposes.

AB Cotspin India Ltd Contact Details

AB Cotspin India Ltd, C-101 247 Park, L B S Marg, Vikhroli West, Mumbai-400083

Phone - 91-22-49186000

Fax - 91-22-49186060

Email - investors@abcotspin.in

Website - www.abcotspin.com