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Axita Cotton Limited IPO

Add to Calendar 2018-12-27 12:00 AM 2019-01-02 12:00 AM Asia/Kolkata Axita Cotton Limited IPO Axita Cotton Limited India

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:

Particulars

For the year/period ended (in Rs. Lakhs)


30-Jun-18

31-Mar-18

31-Mar-17

31-Mar-16

31-Mar-15

31-Mar-14

Total Assets

2,556.03

2,229.49

1,750.51

1,387.41

1,330.79

1,324.53

Total Revenue

2,121.59

12,392.36

9,152.24

6,875.95

7,705.35

1,736.10

Profit After Tax

32.6

82.13

2.71

12.46

-28.51

5.85

Issue Detail

  • Issue Open: Dec 27, 2018
  • Issue Close: Jan 02, 2019
  • Issue Type: Fixed Price Issue
  • Face Value: Rs 10 Per Equity Share
  • Price Band: Rs 60 Per Equity Share
  • Bid Lot:2000 Shares
  • Minimum Order Quantity:2000 Shares
  • Listing At: BSE SME
  • Issue Size: • Rs 10.51 Cr

Current Bidding Status

Number of Times Subscribed (BSE + NSE)
As on Date & Time QIB NII RII Employee Others Total
Shares Offered / Reserved - 830,000 830,000 - - 1,660,000
Day 1 - Dec 27, 2018IST - 1.03x 0.24x - - 0.63x
Day 2 - Dec 28, 2018IST - 1.63x 0.48x - - 1.06x
Day 3 - Dec 31, 2018IST - 1.63x 0.74x - - 1.19x
Day 4 - Jan 01, 2019IST - 1.66x 1.05x - - 1.35x
Day 5 - Jan 02, 2019IST - 2.40x 1.55x - - 1.98x

Listing Day Trading Information

- BSE NSE
Issue Price Rs 60.00 -
Open Rs 61.00 -
Low Rs 61.00 -
High Rs 64.05 -
Last Trade Rs 62.10 -
Volume 632,000 -

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