Zerodha (Trading & Demat Account)
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Zerodha (Trading & Demat Account)
FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
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Incorporated in 2013, Axita Cotton Limited is in the business relating to the production of Cottom Bales and Cotton Seeds. The company mainly produces two varieties of cotton bales namely Shankar-6 and MCU-5/MECH.
Axita Cotton Limited is an ISO 9001:2015 certified company. The production unit of Axita Cotton is situated in Kadi, Gujarat. The products of the company are widely marketed and sold in the state of Gujarat, Maharashtra, Rajasthan, and Madhya Pradesh.
The company is also engaged in the trading of Kapas, Cotton Bales, and Cotton Seeds. Axita Cotton also undertakes ginning and pressing Kapas on a job work basis.
| Issue Period | June 8, 2023 - June 14, 2023 |
| Security Name | Axita Cotton Limited |
| Issue Type | Tender Offer |
| Issue Size (Shares) | 900,000 |
| Issue Size (Amount) | ₹5.04 Crores |
| Buyback Price | ₹56 per share |
| Face Value | ₹1 per share |
| Listing At | BSE, NSE |
| Last Date to buy shares | June 1, 2023 |
| Record Date | June 2, 2023 |
| Offer Opens On | June 8, 2023 |
| Last Date for receipt of Tender Forms | June 14, 2023 |
| Offer Closes On * | June 14, 2023 |
| Finalisation of Buyback Acceptance | June 21, 2023 |
| Last Date for settlment of bids | June 21, 2023 |
| Last Date for Extinguishment of Shares | July 3, 2023 |
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth |
|---|---|---|---|---|
| 31-Mar-21 | 107.23 | 618.94 | 3.73 | 21.82 |
| 31-Mar-22 | 109.10 | 830.46 | 15.41 | 36.26 |
| 31-Mar-23 | 557.62 | 17.04 | 52.37 | |
| Amount in ₹ Crore | ||||
| Month | High Price | Low Price | Average Price |
|---|---|---|---|
| Apr-2023 | 83.00 | 55.96 | 71.62 |
| Mar-2023 | 58.43 | 50.60 | 52.35 |
| Feb-2023 | 69.60 | 50.05 | 61.89 |
The buyback is a capital allocation decision taken by the company. The buyback will help the company to distribute a part of the surplus cash to its shareholders holding Equity Shares thereby, optimizing returns to the shareholders and enhancing the overall shareholders' value in the longer term, and improving the return on equity.
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Axita Cotton Limited
Servey No. 324 357 358,
Kadi Thol Road Borisana Kadi
Mahesana- 382715
Phone: +91 63587 47514
Email: cs@axitacotton.com
Website: https://axitacotton.com/
Skyline Financial Services Private Ltd
D-153A, 1st Floor,
Okhla Industrial Area, Phase-I,
New Delhi -110020
Phone: 02228511022
Email: ipo@skylinerta.com
Website: https://www.skylinerta.com/ipo.php
Lead Manager(s)
Registered Broker
The Axita Cotton Buyback 2023 opens on June 8, 2023, and closes on June 14, 2023.
Last date to be eligible to participate in buyback is June 1, 2023.
The Axita Cotton Buyback 2023 is a Tender Offer.
Axita Cotton Buyback 2023 Schedule
| Buyback Opening Date | June 8, 2023 |
| Buyback Closing Date | June 14, 2023 |
| Last Date for receipt of Tender Forms | June 14, 2023 |
| Finalisation of Buyback Acceptance | June 21, 2023 |
| Last Date for settlment of bids | June 21, 2023 |
| Last Date for Extinguishment of Shares | July 3, 2023 |
The Axita Cotton Buyback 2023 is being offered at Rs ₹56 per share per equity share.
The record date for the Axita Cotton Buyback 2023 is June 2, 2023.
The issue size of Axita Cotton Buyback 2023 is of 900,000 equity shares at ₹56 per share aggregating upto ₹5.04 Crores.
The buyback is a capital allocation decision taken by the company. The buyback will help the company to distribute a part of the surplus cash to its shareholders holding Equity Shares thereby, optimizing returns to the shareholders and enhancing the overall shareholders' value in the longer term, and improving the return on equity.
All the eligible Shareholders of the Company holding either Physical Shares or Demat Shares as on the Record Date can participate in the buyback offer through their Stock Broker.
The eligible shareholder holding the shares in Demat form needs to inform their broker the details of the Equity shares they wish to tender in the Buyback Offer. The shareholder needs to transfer the tendered shares to a Special account of the clearing corporation. The broker, in turn, would place an order on the stock exchange for the buyback.
The eligible shareholder holding the shares in physical form needs to approach their broker with original share certificates and supporting documents. Upon completion of document verification, the broker places an order on the stock exchange and submits the original share certificate and TRS to the registrar.
The tender form and TRS are optional in the case of Demat shares but mandatory in the case of physical shares.
The Axita Cotton Buyback 2023 offers an opportunity for the shareholders to exit their positions at a premium price. In case you stay invested you would have an increased percentage of shareholding in the company and improved earnings per share. Thus, one should understand the company fundamentals along with one's need, goals, and risk appetite to decide if one wants to stay invested or participate in the buyback offer.
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