Mumbai. Mar 16 (UNI) Laxmi Cotspin Limited, IPO will open for subscription on March 17, 2017. The Company, engaged in cotton processing, is making a Public Offer of 48,00,000 equity shares of a face value of Rs. 10 each for cash at a price of Rs.20 per share aggregating to Rs 960 lakhs. The net Offer for Sale for public for would be for Rs 912 lakhs and the balance reserved for market makers. The Offer for Sale is for 27.99 percent of pre-offer capital The Lead Manager to the Issue is Hem Securities Limited, a leader in SME IPOs and the Registrar to the Offer is Link Intime. The Offer closes on March 22, 2017. The shares will be listed on NSE Emerge. UNI JS AW1508