IPO Issue Details
Issue Price / Price Band₹75 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size1,600 Shares per Lot
Total Issue Size27,84,000 shares (aggregating up to ₹20.88 Cr)
Issue TypeFixed Price IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformNSE SME
IPO TypeSME
Subscription OpenMon, 28 Aug 2017
Subscription CloseThu, 31 Aug 2017
Anchor AllotmentSun, 27 Aug 2017
Basis of AllotmentWed, 06 Sep 2017
Initiation of RefundsThu, 07 Sep 2017
Credit of Shares to DematThu, 07 Sep 2017
Listing DateFri, 08 Sep 2017
UPI Mandate Deadline2017-08-31
Application & Investment Details
Retail — Min (1 Lots)₹1,20,000 — 1,600 shares
Retail — Max (13 Lots)₹1,560,000 (13 Lots)
HNI — Min (2 Lots)₹2,40,000 — 3,200 shares
Net Offer to Public25,79,200 shares (aggregating up to ₹19.34 Cr)
Reserved for Market Maker2,04,800 shares (aggregating up to ₹1.54 Cr)
Pre-IPO Promoter Holding40,80,000 shares
Post-IPO Promoter Holding56,00,000 shares
About Pashupati Cotspin Ltd.
Incorporated in 2013, Pashupati Cotspin Ltd (PCL) is engaged in the business of processing of Kapas (raw cotton) by way of Ginning of cotton, spinning of cotton yarn and delineating Process. Company offers Cotton bales, Cotton yarn and Black Cotton seeds (Delineate Seeds).The manufacturing facility of company situated at Kadi of Mahesana District in Gujarat state which is close to the rich cotton growing areas of Maharashtra and Saurashtra (region) of Gujarat. The company has established a capacity of the spindlage of total 25536 spindle,\ and 56 ginning units. Plant is equipped with modern and automatic plant and machinery. PCL is also using the storage space available with it for the purpose of letting it out to customers and thereby earning lease rentals as consideration.
Objects of the Issue
Pashupati Cotspin Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
1
Expansion of Business through strategic investment
3.40
2
Additional Working Capital
3.50
3
General Corporate Expenses
0.30
Shareholding & Lock-in
Pre-IPO Promoter Holding
40,80,000 shares
Post-IPO Promoter Holding
56,00,000 shares