Axita Cotton Limited IPO (Axita Cotton IPO) Detail

Dec 27, 2018 - Jan 2, 2019

Incorporated in 2013, Gujarat based Axita Cotton Limited is a company engaged in the manufacturing & export of cotton bales & cotton seeds. The company also does ginning and pressing of Kapas on a job work basis. It is a TUF (Technical upgradation fund ) Approved by Textile ministry of India- Govt. of. India).

The company's production facility is located at Kadi in Mahesana District of Gujarat state. It has installed 48 Ginning and Pressing machines with a capacity of processing 87,600 MTof seed cotton annually.

From 2016-17, Axita Cotton commenced exporting its products directly to Bangladesh, Pakistan, and Vietnam. During 2016, the promoters of the company floated a new company named, Axita Exports Private Limited ("AEPL"), a group company, with the aim to export cotton bales to various countries. AEPL exports cotton bales purchased from the company. It also purchases and exports cotton bales from other suppliers.

The company's revenue from operations reached to Rs 12327.02 Lakhs in 2017-18 from Rs 1736.08 Lakhs in 2013-14.

Axita Cotton has 23 permamnent employees in various departments.

Company Promoters:

The Promoters of Our Company are Nitinbhai Govindbhai Patel, Kushal Nitinbhai Patel and Amitkumar Govindbhai Patel.

Company Financials:

Summary of financial Information (Restated)
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	32.60	82.13	2.71	12.46	(28.51)	5.85

Objects of the Issue:

The proceeds of the Issue, after deducting Issue related expenses estimated to be Rs 1000 Lakhs will be utilized to fund the Net Incremental Working Capital Requirement of the company.

Axita Cotton IPO Details

IPO Opening Date	Dec 27, 2018
IPO Closing Date	Jan 2, 2019
Issue Type	Fixed Price Issue IPO
Face Value	₹10 per equity share
IPO Price	₹60 per equity share
Market Lot	2000 Shares
Min Order Quantity	2000 Shares
Listing At	BSE SME
Issue Size	1,752,000 Eq Shares of ₹10 (aggregating up to ₹10.51 Cr)

Axita Cotton IPO Tentative Timetable

The Axita Cotton IPO open date is Dec 27, 2018, and the close date is Jan 2, 2019. The issue may list on Jan 10, 2019.

IPO Open Date	Dec 27, 2018
IPO Close Date	Jan 2, 2019
Basis of Allotment Date	Jan 7, 2019
Initiation of Refunds	Jan 8, 2019
Credit of Shares to Demat Account	Jan 9, 2019
IPO Listing Date	Jan 10, 2019

Axita Cotton IPO Lot Size

The Axita Cotton IPO market lot size is 2000 shares. A retail-individual investor can apply for up to 1 lots (2000 shares or ₹120,000).

Application	Lots	Shares	Amount (Cut-off)
Minimum	1	2000	₹120,000
Maximum	1	2000	₹120,000

Axita Cotton IPO Subscription Status (Bidding Detail)

The Axita Cotton IPO is subscribed 1.98x times on Jan 2, 2019 19:49. The public issue subscribed 1.55x in the retail category, in the QIB category, and 2.40x in the NII category. Check Day by Day Subscription Details (Live Status)

Category	IPO Subscription
NII	2.40x
RII	1.55x
Total	1.98x

Axita Cotton IPO Prospectus

› Axita Cotton IPO DRHP
› Axita Cotton IPO RHP

Axita Cotton IPO Rating

3.9

Rating:

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Axita Cotton IPO Listing Date

Listing Date	Thursday, January 10, 2019
BSE Script Code	542285
NSE Symbol
Listing In	MT
ISIN	INE02EZ01014
IPO Price	₹60 per equity share
Face Value	₹10 per equity share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
Volume

BSE SME
₹60.00
₹61.00
₹61.00
₹64.05
₹62.10
632,000

Axita Cotton IPO Reviews / Ratings

Dilip Davda - Avoid

Company Contact Information

Axita Cotton Limited
Survey No. 324, 357, 358,
Kadi Thol Road, Borisana,
Kadi, Mahesana-382715

Phone: +91 63587 47514
Email: cs@axitacotton.com
Website: http://www.axitacotton.com/

Axita Cotton IPO Registrar

Link Intime India Private Ltd
   Link Intime India Private Ltd
   C 101, 247 Park, L.B.S.Marg,
   Vikhroli (West), Mumbai - 400083

Phone: +91-22-4918 6270
Email: axita.ipo@linkintime.co.in
Website: http://www.linkintime.co.in

Axita Cotton IPO Lead Manager(s)

Beeline Broking Ltd

Lead Manager Reports

Axita Cotton IPO FAQs

What is Axita Cotton IPO?

Axita Cotton IPO is a SME IPO of 1,752,000 equity shares of the face value of ₹10 aggregating up to ₹10.51 Crores. The issue is priced at ₹60 per equity share. The minimum order quantity is 2000 Shares.

The IPO opens on Dec 27, 2018, and closes on Jan 2, 2019.

Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
When Axita Cotton IPO will open?

The Axita Cotton IPO opens on Dec 27, 2018 and closes on Jan 2, 2019.
What is the lot size of Axita Cotton IPO?

Axita Cotton IPO lot size is 2000 Shares and the minimum order quantity is 2000 Shares.
How to apply for Axita Cotton IPO?

You can apply in Axita Cotton IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.
When Axita Cotton IPO allotment?

The finalization of Basis of Allotment for Axita Cotton IPO will be done on Jan 7, 2019, and the allotted shares will be credited to your demat account by Jan 9, 2019. Check the Axita Cotton IPO allotment status.
When is Axita Cotton IPO listing date?

The Axita Cotton IPO listing date is on Thursday, January 10, 2019.

Axita Cotton IPO Message Board

Ranked Members

31. RAJAKUMAR |Feb 5, 2019 11:54

IPO Guru (1400+ Posts, 1000+ Likes)

Amount debited in all account

30. Small Investor |Jan 16, 2019 11:29

IPO Guru (1400+ Posts, 700+ Likes)

kya h aaisa is stock m jo bulk deals k madhaym se koi buy kr rha h

29. STOCKADV |Jan 10, 2019 18:03

UPPER CIRCUIT

28. alibaba |Jan 10, 2019 18:01

some one before were saying not good to invest one can see uper circuit on the first day.

27. Small Investor |Jan 10, 2019 17:56

IPO Guru (1400+ Posts, 700+ Likes)

Bulk Deals Today

AXITA      KRATOS IMPEX LIMITED       B      36,000      61.93
10/01/2019      542285      AXITA      AMBICA COTSEEDS LIMITED      B      92,000      61.13
10/01/2019      542285      AXITA      A B & CO       B      160,000      61.89
10/01/2019      542285      AXITA      GAUTAM COMMODITIES      B      88,000      62.69
10/01/2019      542285      AXITA      SUGNESH H SHAH HUF      B      142,000      62.75
10/01/2019      542285      AXITA      BHARATKUMAR NIHALCHAND SHAH      B      58,000      61.2

26. RAJAKUMAR |Jan 10, 2019 13:43

IPO Guru (1400+ Posts, 1000+ Likes)

Dear SME
In SME market no need to look fundamentals,Sectors and others etc. We have to look LM only.
There is two type of investors in the market one is myself.
That is listing gainers or losers. And other type of investors like you. That is long term investors.
Long term investors need to look fundamentals, sectors and balance sheet and others.
Today listings of Axita force me to apply KPI also.
So for i applied four forms. Three retail and one hni quota(4.8k share).
In main line ipo i look all the three parameters like balance sheet, sector, issue size etc. But in sme stock is entirely different.

Load more comments (2 replies)

26.3. Small Investor |Jan 10, 2019 15:26

IPO Guru (1400+ Posts, 700+ Likes)

now Hit again Upper Circuit
buy 1 lot @ 61.10

26.4. Small Investor |Jan 10, 2019 16:06

IPO Guru (1400+ Posts, 700+ Likes)

# Dear Sme
i am not Long term Investor, i hold for 2-5 days only and after i sold
i have earned profit in shubhlaxmi,e2e.innovators,oswal seeds and lexus Granito all stock are buy after listing but some stock have loss in Akshar Spintex ( allotment hold yet ) softtech eng,powerfull tech.SKIFL

25. RAJAKUMAR |Jan 10, 2019 13:57

IPO Guru (1400+ Posts, 1000+ Likes)

Dear SME
Your point taken.
I clearly stated two type of investors in the market one is you and others is myself.
I am doing like this for the past 30 years.
I loves applying forms and get out on the listing day.
Hats off to you by holding Deccan. But Deccan type of companies comes once in blue moon.
Market is sideways and ipo market is inactive so that Deccan firm allotment for all.
Keep it up.
Thank you for your advise.
Cotton, steel, cement, infra, power all sector nowadays not fancy in the market. These sector is not advisable for long term.

24. RAJAKUMAR |Jan 10, 2019 13:35

IPO Guru (1400+ Posts, 1000+ Likes)

Dear SME , Traderji and Small Investor
Just now i sold at 64.05 because buyers only 6k when i sold. 8k profit is enough for textile sector.

Load more comments (1 replies)

24.2. Small Investor |Jan 10, 2019 13:42

IPO Guru (1400+ Posts, 700+ Likes)

i put a buy order at 57 level

24.3. RAJAKUMAR |Jan 10, 2019 13:46

IPO Guru (1400+ Posts, 1000+ Likes)

Dont buy at any rate. Because sme stocks after one or two days volumes are dried and nobody cares that stock except one or two companies.

23. RAJAKUMAR |Jan 10, 2019 10:12

IPO Guru (1400+ Posts, 1000+ Likes)

Dear Traderji and SME
Now i am confused to sell last lot at circuit or wait tomorrow.

Load more comments (1 replies)

23.2. Small Investor |Jan 10, 2019 11:02

IPO Guru (1400+ Posts, 700+ Likes)

@ Rajkumar hold your 1 lot till tomorrow and watching buyer qty regularly today

23.3. Small Investor |Jan 10, 2019 12:07

IPO Guru (1400+ Posts, 700+ Likes)

I think Upper circuit remain only today because buyers are 76000+ at 64 and after 61 level and after bellow 60
its challenge for LM for hold Upper circuit today

22. MDSLS |Jan 10, 2019 10:32

good morning. sold @64.05.

21. RAJAKUMAR |Jan 10, 2019 09:52

IPO Guru (1400+ Posts, 1000+ Likes)

Sold one lot at 61. Holding one lot waiting for, how it behaves after 10 am

21.1. traderji |Jan 10, 2019 10:04

Book a profit at 64.05

20. RAJAKUMAR |Jan 8, 2019 14:14

IPO Guru (1400+ Posts, 1000+ Likes)

Yes amount debited. I applied two forms and got two forms.

19. MDSLS |Jan 8, 2019 13:35

amount debited just now.

18. RAJAKUMAR |Jan 4, 2019 09:47

IPO Guru (1400+ Posts, 1000+ Likes)

Dear Small Investor and Changeparty
Yes i agree with both of you. But i took risk and applied two forms.
Now a days BSE listing will be good. No single listing below par for the past six months. I mean discovery price.
My inner heart says it will list at par or marginal gain.

18.1. traderji |Jan 4, 2019 11:13

Agree with you. First Lead Manager Beeline earlier issue listing is fine.Second it is gujrat base company so there is always satta bazar active in it.

18.2. MDSLS |Jan 8, 2019 13:34

amount debited just now.

17. RAJAKUMAR |Dec 31, 2018 13:55

IPO Guru (1400+ Posts, 1000+ Likes)

Sector is bad. Short term borrowings 10 crore and long term borrowing 5.7 crore. LM is good last two listing above the issue price.
It is purely depends on the LM. No one can predict what will be the listing price.
One who applied Deccan and made profit may consider to apply after seeing the final day subscription of HNI. If Hni crosses 5 times may consider to apply.

17.1. Changeparty |Dec 31, 2018 14:05

Deccan heaLthcare performed as it's almost debt free company and also sector doing good. Axita cotton sector is bad and also debt is too high
Remember lagnam spintex. Lagnam also hugely subscribed. Subscription is not always. Criteria to apply

17.2. Small Investor |Jan 3, 2019 12:18

IPO Guru (1400+ Posts, 700+ Likes)

Remember Innovators Fasad Systems high Subscription but Fail in listing Gain now below of issue price near 55-56

16. Carn Mohan |Jan 2, 2019 09:49

IPO Mentor (700+ Posts, 200+ Likes)

If subscribe more than 5 times positive listing.

Load more comments (2 replies)

16.3. Small Investor |Jan 3, 2019 11:52

IPO Guru (1400+ Posts, 700+ Likes)

Dear Admin
Your are right, after Listing Retails will be crying.

16.4. Small Investor |Jan 3, 2019 11:54

IPO Guru (1400+ Posts, 700+ Likes)

Only one hope is LM's
last two ipo Performance

15. Small Investor |Jan 1, 2019 16:22

IPO Guru (1400+ Posts, 700+ Likes)

Axita and Akshar same Word, same Sector and same results be can see after listing
so clearly avoid this

14. DownriteVJ |Jan 1, 2019 12:28

IPO Guru (1200+ Posts, 1100+ Likes)

Avoid Avoid Avoid

13. Changeparty |Dec 30, 2018 12:32

Huge debt. Bad sector. Expensive valuation. These 3 are enough reason to avoid this one. Remember the subscription are due to application already been sold so anyone who will apply will get stuck in this company.better look for secondary market sme with good sector like shreroswal seeds ushanti colour And many other which are available at around issue price

13.1. Small Investor |Dec 31, 2018 11:32

IPO Guru (1400+ Posts, 700+ Likes)

against hit UP Circuit in Deccan Healthcare

12. Changeparty |Dec 27, 2018 16:15

There is application bought by broker to create subscription as noone is Interested in. Applying so whatever few application you are seeing have been applied which have already been sold
If you by mistake applied then get ready for your Money to be halved in 2 months

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