Laxmi Cotspin Limited IPO

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Laxmi Cotspin Limited is a leading manufacturer of high-quality cotton lint, cotton yarn, fabrics, and garments. They are engaged in the business of cotton processing in the textile industry. Company’s business is spread among home textiles, weaving sector, Denim Manufactures, and hosiery manufacturers through open end yarn and ring spun yarn.
Located in the district of Jalna, in the state of Maharashtra, India, the company started with a capacity of 13,200 spindles. In a short span of time, it has expanded its production facility to 16,800 spindles with compact, lycra and slub attachment. Addition to this they have set up one open end unit with 1200 Rotors. They manufacture quality pesticide free, organic & non-organic cotton bales.
They export their yarn to Bangladesh, China, Russia, Brazil, Taiwan, Korea, Singapore, Colombia, Iran & Indonesia. They also sale their yarn to various corporate like Alok Indus, Gimatex, Hindustan Spg., Bombay Dyeing, Bharat Vijay Mills, Ashima Ltd and Maral Overseas Ltd.

Laxmi Cotspin Limited IPO Stock Quote & Charts

15.00

+7.14%

  • Open: 14.25
  • High - Low: 15.00 - 14.25
  • Previous Close: 14.00
  • Total Traded Volume: 12000
  • Updated On: 14-Nov-2018

Objects of the Laxmi Cotspin Limited IPO:

1. Achieve the benefits of listing the Equity Shares on the Emerge Platform of NSE 2. To carry out the sale of 48,00,000 Equity Shares by the Selling Shareholders 3. Enhance their brand name and provide liquidity to the existing shareholders.

Laxmi Cotspin Limited IPO Details:

Open Date: Mar 17 2017
Close Date: Mar 22 2017
Total Shares: 4,800,000
Face Value: ₹ 10 Per Equity Share
Issue Type: Fixed Price Issue IPO
Issue Size: 9.60 Cr.
Lot Size: 6000 Shares
Issue Price: ₹ 20 Per Equity Share
Listing At: NSE Emerge
Listing Date: Mar 31 2017

Promoters And Management:

1. Mr. Sanjay Rathi 2. Mr. Shivratan Mundada 3. Mr. Bhavesh Patel 4. Mr. Rajesh Bansal 5. Ashwa Multi Trade Private Limited

Lead Manager of Laxmi Cotspin Limited IPO:

  1. Hem Securities Limited

Registrar of Laxmi Cotspin Limited IPO:

  1. Link Intime India Private Limited

Company Address:

Laxmi Cotspin Limited GUT No. 399, Samangaon- Kajla Road, in front of Meenatai Thakare Vridhashram, Samangaon, Jalna- 431203 Phone: +91 2482 257295 Fax: + 91 02482 257200 Email: complianceofficerlaxmicotspin@gmail.com Website: www.laxmicotspin.com

25th Sep 2018 - 27th Sep 2018 => Aavas Financiers IPO

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