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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
Fax:
Email: cs@axitacotton.com
Website: http://www.axitacotton.com/

Axita Cotton IPO Registrar

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

Phone: +91-22-4918 6270
Fax: +91-22-4918 6060
Email: axita.ipo@linkintime.co.in
Website: http://www.linkintime.co.in

Axita Cotton IPO Lead Manager(s)

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Axita Cotton IPO Review / Comments

avatar
33. SME EXPERTISE  Jan 17, 2019 17:58 I Like It. | Report Abuse Reply
Axita cotton on verge to break 60

If it breaks 60 rs then stock is headed for 40-45 rs quickly
avatar
32. Small Investor  Jan 16, 2019 10:29 I Like It. | Report Abuse Reply
Top Contributor Top Contributor (400+ Posts, 100+ Likes)
kya h aaisa is stock m jo bulk deals k madhaym se koi buy kr rha h
avatar
32.1. SME EXPERTISE  Jan 17, 2019 14:44 I Like It. | Report Abuse
Jitni marzi bulk deals ho stock is headed lower

it will fall to 40-45 rs in coming time

akshar spintex, Lgnam spintex and now axita cotton.

avatar
31. STOCKADV  Jan 10, 2019 17:03 I Like It. | Report Abuse Reply
UPPER CIRCUIT
avatar
31.1. SME EXPERTISE  Jan 10, 2019 18:38 I Like It. | Report Abuse
Its not upper circuit

It closed at 62.1 rs.
avatar
30. alibaba  Jan 10, 2019 17:01 I Like It. | Report Abuse Reply
some one before were saying not good to invest one can see uper circuit on the first day.
avatar
29. Small Investor  Jan 10, 2019 16:56 I Like It. | Report Abuse Reply
Top Contributor Top Contributor (400+ Posts, 100+ 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
28. RAJAKUMAR  Jan 10, 2019 12:43 I Like It. | Report Abuse Reply
IPO Mentor IPO Mentor (800+ Posts, 500+ 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
28.8. SME EXPERTISE  Jan 10, 2019 14:56 I Like It. | Report Abuse
Small investor you should not have bought it as this sector is not doing well
I think this should go down in few days.
avatar
28.9. Small Investor  Jan 10, 2019 15:06 I Like It. | Report Abuse
Top Contributor Top Contributor (400+ Posts, 100+ 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
27. RAJAKUMAR  Jan 10, 2019 12:57 I Like It. | Report Abuse Reply
IPO Mentor IPO Mentor (800+ Posts, 500+ 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
26. RAJAKUMAR  Jan 10, 2019 12:35 I Like It. 1 | Report Abuse Reply
IPO Mentor IPO Mentor (800+ Posts, 500+ 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
26.2. Small Investor  Jan 10, 2019 12:42 I Like It. | Report Abuse
Top Contributor Top Contributor (400+ Posts, 100+ Likes)
i put a buy order at 57 level
avatar
26.3. RAJAKUMAR  Jan 10, 2019 12:46 I Like It. | Report Abuse
IPO Mentor IPO Mentor (800+ Posts, 500+ 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
25. RAJAKUMAR  Jan 10, 2019 09:12 I Like It. | Report Abuse Reply
IPO Mentor IPO Mentor (800+ Posts, 500+ Likes)
Dear Traderji and SME
Now i am confused to sell last lot at circuit or wait tomorrow.
avatar
25.3. SME EXPERTISE  Jan 10, 2019 10:18 I Like It. | Report Abuse
Keep a watch if the buyers remain intact then hold. I think after 1 pm will give some clear pitchure. If buyers reduce post 1 pm then sell it
avatar
25.4. Small Investor  Jan 10, 2019 11:07 I Like It. | Report Abuse
Top Contributor Top Contributor (400+ Posts, 100+ 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
24. MDSLS  Jan 10, 2019 09:32 I Like It. 1 | Report Abuse Reply
good morning. sold @64.05.
avatar
23. SME EXPERTISE  Jan 10, 2019 09:03 I Like It. | Report Abuse Reply
Now 64 lead manager did well.
avatar
23.1. RAJAKUMAR  Jan 10, 2019 09:19 I Like It. | Report Abuse
IPO Mentor IPO Mentor (800+ Posts, 500+ Likes)
Dear SME
LM is very important role in SME Companies.
avatar
22. RAJAKUMAR  Jan 10, 2019 08:52 I Like It. | Report Abuse Reply
IPO Mentor IPO Mentor (800+ Posts, 500+ Likes)
Sold one lot at 61. Holding one lot waiting for, how it behaves after 10 am
avatar
22.1. traderji  Jan 10, 2019 09:04 I Like It. | Report Abuse
Book a profit at 64.05
avatar
21. SME EXPERTISE  Jan 10, 2019 08:39 I Like It. | Report Abuse Reply
Listing at 61.just brokerage covered. No profit or loss
avatar
20. RAJAKUMAR  Jan 8, 2019 13:14 I Like It. | Report Abuse Reply
IPO Mentor IPO Mentor (800+ Posts, 500+ 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 Reply
amount debited just now.
avatar
18. RAJAKUMAR  Jan 4, 2019 08:47 I Like It. 1 | Report Abuse Reply
IPO Mentor IPO Mentor (800+ Posts, 500+ 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
18.2. SME EXPERTISE  Jan 4, 2019 18:14 I Like It. | Report Abuse
All the best RAJkumarji.
hope you manage to get gains and exit on listing day as this sector is reeling under huge pressure
avatar
18.3. 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 Reply
IPO Mentor IPO Mentor (800+ Posts, 500+ 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
Top Contributor Top Contributor (400+ Posts, 100+ 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 Reply
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
Top Contributor Top Contributor (400+ Posts, 100+ 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
Top Contributor Top Contributor (400+ Posts, 100+ 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 Reply
Top Contributor Top Contributor (400+ Posts, 100+ 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 Reply
IPO Guru IPO Guru (1000+ Posts, 700+ Likes)
Avoid Avoid Avoid
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