Business Standard

Laxmi Cotspin Ltd - IPO

Issue Type

Fixed Price - SME

Issue Size (₹ Cr.)

9.60 cr

Price Range (₹)

20

Lot Size

6000

Min Investment (₹)

1,20,000.00

Listing Exchange

NSE - SME

Open Date

17-Mar-2017

Close Date

22-Mar-2017

Listing Date

31-Mar-2017

Laxmi Cotspin Ltd News

    The Shares of Laxmi Cotspin Ltd have now been listed.

    Laxmi Cotspin Ltd IPO Details

    Public offer of 48,00,000 equity shares of a face value of Rs. 10 each (the equity shares) of Laxmi Cotspin Limited (LCL or the company) for cash at a price of Rs. 20 per share (the offer price), aggregating to Rs. 9.60 crores (the offer), of which, 2,40,000 equity shares of Rs. 10 each will be reserved for subscription by market makers to the offer (the market maker reservation portion). The offer less the market maker reservation portion i.e. Offer of 45,60,000 equity shares of Rs. 20 each is hereinafter referred to as the net offer through an offer for sale by the selling shareholders as defined in the section Definitions and abbreviation) aggregating up to Rs. 9.12 crores (the offer). The offer and the net offer will constitute 27.99 % and 26.59%, respectively of the post offer paid-up equity share capital of the company. The Face value of the equity shares is Rs. 10 each and the offer price is Rs. 20. The offer price is 2.0 times of the face value.

    Objective of issue

    Listing fees on Stock Exchanges.

    Laxmi Cotspin Ltd Contact Details

    Laxmi Cotspin Ltd, C-13 Pannalal Silk, Mills Cmpd LBS Marg, Bhandup West, Mumbai - 400 078

    Phone - 91-022-25963838

    Fax - 91-022-25946969

    Email - laxmicotspin@gmail.com

    Website - www.laxmicotspin.com