Pashupati Cotspin IPO

Pashupati Cotspin IPO

Pashupati Cotspin is engaged in the business of processing of Kapas (raw cotton) by way of Ginning of cotton, spinning of cotton yarn and delineating Process. The products manufactured at our Company include Cotton bales, Cotton yarn and Black Cotton seeds (Delineate Seeds). By setting up of the Ginning and Spinning unit our Company has entered into a forward integration of the Textile industry by manufacturing of cotton yarn to cope up with the changes in the fashion consciousness, development in the cotton textile sector and synchronizing with the initiatives provided by the Central and the state Government.

The manufacturing facility of our Company is 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. Our plant is equipped with modern and automatic plant and machinery. The level of advancement determines the productivity of machines and labor, which in turn, determines the production and profitability of our Company. Our technical team in spinning is well equipped with modern spinning technology and processing techniques by virtue of which we are able to ensure quality yarn. Technology is a crucial aspect of the cotton yarn industry. Our Company is also using the storage space available with us for the purpose of letting it out to customers and thereby earning lease rentals as consideration.

Promoters of Pashupati Cotspin – Saurin Jagdish Bhai Parikh, Trivedi Tushar R and Dakshesh Jayantilal Patel

Pashupati Cotspin IPO details

Subscription Dates 28 - 31 August 2017
IPO Price band INR75 per share
Fresh issue 2,784,000 shares (INR20.88 crore)
Offer for sale Nil
Total IPO size 2,784,000 shares (INR20.88 crore)
Minimum bid (lot size) 1,600 shares
Face Value  INR10 per share
Retail Allocation 50%
Listing On NSE Emerge SME platform

Pashupati Cotspin's financial performance (in INR crore)

FY2013 FY2014 FY2015 FY2016 FY2017
Total revenue 0.00 75.28 265.81 262.36 279.20
Total expenses 0.16 76.43 258.86 253.00 266.79
Profit after tax -0.11 0.32 8.08 8.43 13.48

Pashupati Cotspin Limited
D-707, Ganesh Meridian,
Opp. Gujarat High Court, S.G. Highway,
Ahmedabad - 380 060

Phone: +91 02764 262200
Email: info@pashupaticotspin.com
Website: www.pashupaticotspin.com

Day

Subscription (no. of times)

Day 1 0.41
Day 2 0.89
Day 3 1.13
Day 4 1.71

 

Earnings Per Share (EPS): INR11.41

Price/Earnings (P/E) ratio: 6.57

Return on Net Worth (RONW): 22.71%

Net Asset Value (NAV): INR50.27 per share

Sharex Dynamic (India) Private Limited 
Unit- 1, Luthra Industrial Premises, Safed Pool,
Andheri Kurla Road, Andheri (E),
Mumbai- 400 072

Phone: +91 22 2851 5606 
Fax: 
+91 22 2851 2885 
Email:
 pcl.ipo@sharexindia.in
Website: www.sharexindia.in

Pashupati Cotspin IPO allotment status is now available on Sharex Dynamic's website. Click on this link to get allotment status.

IPO Opening Date: 28 August 2017

IPO Closing Date: 31 August 2017

Listing Date: 8 September 2017

Listing Price on NSE SME: INR77 per share (up 2.7% from IPO price)

Closing Price on NSE SME: INR75 per share (no change from IPO price)

Pashupati Cotspin IPO
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5 thoughts on “Pashupati Cotspin IPO

  • October 27, 2017 at 7:27 PM
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    Ipo allotment pashupati cotspin 1600 share allotment rs.75 total amount 120000. But 2 month no share only 74 or 74.50 rupess no buyer or no smaller so company close. Please answer my email Id. And what target in November 2017. Month please inform my email id.

    Thanks
    Best regards

    Jayminkumar Modh

    Reply
  • September 21, 2017 at 9:45 AM
    Permalink

    Where to trade Pashupati Cotspin, as SME IPO are not listed in NSE or BSE ?

    Reply
  • September 1, 2017 at 7:48 AM
    Permalink

    I want.to know that the present debt of your company.So I can study the comerative analysis.

    Reply
  • August 28, 2017 at 3:17 PM
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    Sir in which city 7/=INR premium is there

    Reply
  • August 24, 2017 at 12:53 PM
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    Is it good to apply for an IPO of Pashupati cotspin.

    Reply

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