Laxmi Cotspin Limited IPO
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.
Objects of the Laxmi Cotspin Limited IPO:
Laxmi Cotspin Limited IPO Details:
|Open Date:||Mar 17 2017|
|Close Date:||Mar 22 2017|
|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|