AB Cotspin India Ltd. has announced public offering of 2884000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 25.00 per share. The gross proceeds of the issue are expected to be Rs 1,009.40 lakhs.

The company's initial public offer (IPO) will open on 30 December 2021 and is expected to close on 03 January 2022, subject to customary closing conditions. The price band of the issue has been fixed at Rs 33.00-35.00 per share.

The IPO includes a fresh Issue of 2884000 Equity Shares of the Company at an price of Rs 35.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 4000 shares with bids in multiples of 4000.

AB Cotspin India Ltd. anticipates using the proceeds of the issue for   Funding the working capital requirements of the Company Requirements General corporate purposes.

as lead manager & LINK INTIME INDIA PRIVATE LIMITED is the registrar, to the issue.