Laxmi Cotspin Ltd IPO

Closed

Subscription Details

  • Open Date 17 Mar
  • Close Date 22 Mar
  • Lot Size 6000
  • IPO Size ₹ 9.6 Cr
  • IPO Price Range ₹ 20
  • Min Investment ₹ 120000

Laxmi Cotspin Ltd IPO Timeline

Open Date
17 Mar
Close Date
22 Mar
Basis of Allotment
-
Refunds
-
Credit to Demat Account
-
Listing Date
-

IPO Synopsis

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.

How to apply for an IPO?

  • Login to your 5paisa account and select the issue in the current IPO section

  • Enter the number of lots and price at which you wish to apply for

  • Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange

  • You will receive a mandate notification to block funds in your UPI app

  • Approve the mandate request on your UPI and funds will be blocked

Contact Details of Laxmi Cotspin Ltd IPO

Contact Information

Address

GUT No 399 Samangaon-Kajla Rd,
Samangaon,
Jalna, Maharashtra 431203

Laxmi Cotspin Ltd IPO Lead Manager

Hem Securities Ltd
Open Demat Account