Axita Cotton Limited IPO

Axita cotton Limited is a TUF (Technical Upgradation Fund) Ginning Pressing company approved by the Textile Ministry of India. It is engaged in production and distribution of Cotton Bales and Cotton Seeds. The company has its working facility located at Khadi District - Mehsana (Gujarat) that is spread across 12000 square yards with well equipped latest machinery and technologies. It produces GIN 250000 KG of Raw Cotton and more than 500 Cotton Bales (170 KG) per day.

Date of Incorporation: The Company was incorporated as ‘Axita Cotton Private Limited’ in Ahmedabad on 16th July 2013. Subsequently, it was reformed to ‘ Axita Cotton Limited’ on 15th October 2018.

Promoters of Axita Cotton Limited: Mr Nitinbhai Govindbhai Patel, Mr Kushal Nitinbhai Patel, and Mr Amitkumar Govindbhai Patel are the promoters of Axita Cotton Limited.

Products and Services Offering: The Company is offering:

• - Cotton Bales: Shankar- 6 variety and MCU 5/MECH Variety.

• - Cotton Seeds.

Customer Segments: Axita Cotton Limited has diversified customer segments that are spread across domestic markets especially in the States of Gujarat, Rajasthan, Maharashtra and Madhya Pradesh. It also exports its products to few countries including Pakistan, Bangladesh, and Vietnam.

Objectives of Axita Cotton Limited IPO: The core objects of IPO are:

• - Net Working Capital Requirements.

Company Financials: