Thursday, March 16, 2017

Laxmi Cotspin IPO to open on Mar 17th

Laxmi Cotspin Ltd IPO is entering in the capital markets (through NSE SME) with an initial public offering, IPO of 4,800,000 Equity Shares of Rs 10 aggregating up to Rs 9.60 Cr. The price band for the issue has been fixed at Rs 20.

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 textile industry. Comapany's business is spread among home textiles, weaving sector, Denim Manufactures and hosiery manufacturers through open end yarn and ring spun yarn.

The issue opens on Mar 17, 2017 and closes for subscription on Mar 22, 2017. The equity shares of the issue are proposed to be listed on the SME Platform of BSE.