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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

Issue OpenDec 27, 2018 - Jan 2, 2019
Issue TypeFixed Price Issue IPO
Issue Size1,752,000 Eq Shares of Rs 10
(aggregating up to Rs 10.51 Cr)
Face ValueRs 10 Per Equity Share
Issue PriceRs 60 Per Equity Share
Market Lot2000 Shares
Min Order Quantity2000 Shares
Listing AtBSE SME

Axita Cotton IPO Tentative Date / Timetable

Bid/Offer Opens OnDec 27, 2018
Bid/Offer Closes OnJan 2, 2019
Finalisation of Basis of AllotmentJan 7, 2019
Initiation of RefundsJan 8, 2019
Credit of Shares to Demat Acct:Jan 9, 2019
IPO Shares Listing Date:Jan 10, 2019

Axita Cotton IPO Subscription Status (Bidding Detail)

Axita Cotton IPO how much subscribed?

No. of Times Issue Subscribed (BSE + NSE)

As on Date & Time

NII

RII

Total

Shares Offered

830,000

830,000

1,660,000

Jan 2, 2019 19:49

2.40x

1.55x

1.98x

Axita Cotton IPO Prospectus

Axita Cotton IPO Rating

42
3.9
Rating:Rated 3.9 stars

Vote Here ...

Axita Cotton IPO Listing Date

  •   ›  Listing Date: Thursday, January 10, 2019
  •   ›  BSE Script Code: 542285
  •   ›  NSE Symbol:
  •   ›  Listing In: MT
  •   ›  ISIN: INE02EZ01014
  •   ›  Issue Price: Rs 60 Per Equity Share
  •   ›  Face Value: Rs 10 Per Equity Share

Listing Day Trading Information

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

Axita Cotton IPO Reviews / Ratings

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

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Axita Cotton IPO Review / Comments

avatar
31. RAJAKUMAR  Feb 5, 2019 10:54 I Like It. | Report Abuse
IPO Guru IPO Guru (1000+ Posts, 600+ Likes)
Amount debited in all account
avatar
30. Small Investor  Jan 16, 2019 10:29 I Like It. | Report Abuse
IPO Mentor IPO Mentor (700+ Posts, 200+ Likes)
kya h aaisa is stock m jo bulk deals k madhaym se koi buy kr rha h
avatar
29. STOCKADV  Jan 10, 2019 17:03 I Like It. | Report Abuse
UPPER CIRCUIT
avatar
28. alibaba  Jan 10, 2019 17:01 I Like It. | Report Abuse
some one before were saying not good to invest one can see uper circuit on the first day.
avatar
27. Small Investor  Jan 10, 2019 16:56 I Like It. | Report Abuse
IPO Mentor IPO Mentor (700+ Posts, 200+ 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
avatar
26. RAJAKUMAR  Jan 10, 2019 12:43 I Like It. | Report Abuse
IPO Guru IPO Guru (1000+ Posts, 600+ 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.
avatar
26.3. Small Investor  Jan 10, 2019 14:26 I Like It. | Report Abuse
IPO Mentor IPO Mentor (700+ Posts, 200+ Likes)
now Hit again Upper Circuit
buy 1 lot @ 61.10
avatar
26.4. Small Investor  Jan 10, 2019 15:06 I Like It. | Report Abuse
IPO Mentor IPO Mentor (700+ Posts, 200+ 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
avatar
25. RAJAKUMAR  Jan 10, 2019 12:57 I Like It. | Report Abuse
IPO Guru IPO Guru (1000+ Posts, 600+ 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.

avatar
24. RAJAKUMAR  Jan 10, 2019 12:35 I Like It. 1 | Report Abuse
IPO Guru IPO Guru (1000+ Posts, 600+ 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.
avatar
24.2. Small Investor  Jan 10, 2019 12:42 I Like It. | Report Abuse
IPO Mentor IPO Mentor (700+ Posts, 200+ Likes)
i put a buy order at 57 level
avatar
24.3. RAJAKUMAR  Jan 10, 2019 12:46 I Like It. | Report Abuse
IPO Guru IPO Guru (1000+ Posts, 600+ 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.
avatar
23. RAJAKUMAR  Jan 10, 2019 09:12 I Like It. | Report Abuse
IPO Guru IPO Guru (1000+ Posts, 600+ Likes)
Dear Traderji and SME
Now i am confused to sell last lot at circuit or wait tomorrow.
avatar
23.2. Small Investor  Jan 10, 2019 10:02 I Like It. | Report Abuse
IPO Mentor IPO Mentor (700+ Posts, 200+ Likes)
@ Rajkumar hold your 1 lot till tomorrow and watching buyer qty regularly today
avatar
23.3. Small Investor  Jan 10, 2019 11:07 I Like It. | Report Abuse
IPO Mentor IPO Mentor (700+ Posts, 200+ 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
avatar
22. MDSLS  Jan 10, 2019 09:32 I Like It. 1 | Report Abuse
good morning. sold @64.05.
avatar
21. RAJAKUMAR  Jan 10, 2019 08:52 I Like It. | Report Abuse
IPO Guru IPO Guru (1000+ Posts, 600+ Likes)
Sold one lot at 61. Holding one lot waiting for, how it behaves after 10 am
avatar
21.1. traderji  Jan 10, 2019 09:04 I Like It. | Report Abuse
Book a profit at 64.05
avatar
20. RAJAKUMAR  Jan 8, 2019 13:14 I Like It. | Report Abuse
IPO Guru IPO Guru (1000+ Posts, 600+ Likes)
Yes amount debited. I applied two forms and got two forms.
avatar
19. MDSLS  Jan 8, 2019 12:35 I Like It. | Report Abuse
amount debited just now.
avatar
18. RAJAKUMAR  Jan 4, 2019 08:47 I Like It. 1 | Report Abuse
IPO Guru IPO Guru (1000+ Posts, 600+ 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.
avatar
18.1. traderji  Jan 4, 2019 10:13 I Like It. | Report Abuse
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.
avatar
18.2. MDSLS  Jan 8, 2019 12:34 I Like It. | Report Abuse
amount debited just now.
avatar
17. RAJAKUMAR  Dec 31, 2018 12:55 I Like It. 4 | Report Abuse
IPO Guru IPO Guru (1000+ Posts, 600+ 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.
avatar
17.1. Changeparty  Dec 31, 2018 13:05 I Like It. 3 | Report Abuse
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
avatar
17.2. Small Investor  Jan 3, 2019 11:18 I Like It. 1 | Report Abuse
IPO Mentor IPO Mentor (700+ Posts, 200+ Likes)
Remember Innovators Fasad Systems high Subscription but Fail in listing Gain now below of issue price near 55-56
avatar
16. Carn Mohan  Jan 2, 2019 08:49 I Like It. | Report Abuse
IPO Mentor IPO Mentor (600+ Posts, 200+ Likes)
If subscribe more than 5 times positive listing.
avatar
16.3. Small Investor  Jan 3, 2019 10:52 I Like It. | Report Abuse
IPO Mentor IPO Mentor (700+ Posts, 200+ Likes)
Dear Admin
Your are right, after Listing Retails will be crying.
avatar
16.4. Small Investor  Jan 3, 2019 10:54 I Like It. | Report Abuse
IPO Mentor IPO Mentor (700+ Posts, 200+ Likes)
Only one hope is LM's
last two ipo Performance
avatar
15. Small Investor  Jan 1, 2019 15:22 I Like It. | Report Abuse
IPO Mentor IPO Mentor (700+ Posts, 200+ Likes)
Axita and Akshar same Word, same Sector and same results be can see after listing
so clearly avoid this
avatar
14. DownriteVJ  Jan 1, 2019 11:28 I Like It. 2 | Report Abuse
IPO Guru IPO Guru (1100+ Posts, 1000+ Likes)
Avoid Avoid Avoid
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13. Changeparty  Dec 30, 2018 11:32 I Like It. | Report Abuse
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
avatar
13.1. Small Investor  Dec 31, 2018 10:32 I Like It. | Report Abuse
IPO Mentor IPO Mentor (700+ Posts, 200+ Likes)
against hit UP Circuit in Deccan Healthcare
avatar
12. Changeparty  Dec 27, 2018 15:15 I Like It. | Report Abuse
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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