AB Cotspin IPO Opens on 30th Dec 2021 – Should You Invest in AB Cotspin IPO?

AB Cotspin IPO

AB Cotspin IPO is all set to hit the stock markets on 30th December 2021 and will be open for subscription till 3rd January 2022. Established in the year 1997, AB Cotspin India specializes in the manufacturing of cotton yarn, knitted fabric, cottonseed oil and oilcakes. 

The company’s domestic revenue from operations for  the  financial  years ended 31st March 2020, 2019 & 2018 were ₹ 8,147.83 lakhs, ₹ 9,411.44 lakhs, ₹ 12,094.50 lakhs and ₹ 12,127.28 lakhs, respectively. The company has 2 warehouses to manage its supply chain operations.

Quick facts about the AB Cotspin IPO:

Price band of AB Cotspin IPO

The price band for the IPO is between Rs. 33 to Rs. 35 per share.

Lot size

The minimum lot size for the IPO is of 4000 shares.

Issue size

The issue size for AB Cotspin IPO is Rs. 10.09 crores.

Listing date

Shares of AB Cotspin IPO are likely to be listed on 30th December 2021.

Key strengths and opportunities

  • Multiple product offerings with a strong focus on quality
  • The company is well-managed by an experienced team
  • Repeat orders due to high customer satisfaction and timely delivery of orders
  • Location advantage close to cotton producing belt for sourcing of raw materials as well as markets for finished knitted fabric and cotton yarn

Key factors to keep in mind while investing in the IPO:

In its Red Herring Prospectus, the company has listed some factors which may impact the future performance of the company, such as:

  • Changes in laws and regulations relating to the sectors/areas in which the company operates
  • Intense competition in the Industry
  • Fluctuations in operating costs of the company
  • Changes in and social and political conditions in the country
  • Changes in the domestic and global monetary and interest rate policies
  • Inflation, deflation, unanticipated turbulence in interest rates
  • Any adverse outcome in the legal proceedings in which we are involved
  • Company’s failure to keep pace with rapid changes in technology
  • The occurrence of natural disasters or calamities
  • For detailed information on the risks associated with the IPO, please refer to the Red Herring Prospectus.

To invest in the IPO click here.

– Written and contributed by Pradeep Sukumaran.

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