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 DateDec 27, 2018 - Jan 2, 2019
Issue TypeFixed Price Issue IPO
Issue Size1,752,000 Eq Shares of ₹10
(aggregating up to ₹10.51 Cr)
Face Value₹10 per equity share
IPO Price₹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 AcctJan 9, 2019
IPO Shares Listing DateJan 10, 2019

Axita Cotton IPO Lot Size and Price (Retail)

ApplicationLotsSharesAmount (Cut-off)
Minimum12000₹120,000
Maximum12000₹120,000

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 DateThursday, January 10, 2019
BSE Script Code542285
NSE Symbol
Listing InMT
ISININE02EZ01014
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

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 FAQs

  1. 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.

  2. When Axita Cotton IPO will open?

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

  3. 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.

  4. 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, ICICI Bank, HDFC Bank and SBI Bank.

  5. 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.

  6. When is Axita Cotton IPO listing date?

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

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Axita Cotton IPO Review / Comments

RAJAKUMAR
31. RAJAKUMAR  Feb 5, 2019 10:54
IPO Guru IPO Guru (1300+ Posts, 900+ Likes)
Amount debited in all account
Small Investor
30. Small Investor  Jan 16, 2019 10:29
IPO Guru IPO Guru (1300+ Posts, 700+ Likes)
kya h aaisa is stock m jo bulk deals k madhaym se koi buy kr rha h
STOCKADV
29. STOCKADV  Jan 10, 2019 17:03
UPPER CIRCUIT
alibaba
28. alibaba  Jan 10, 2019 17:01
some one before were saying not good to invest one can see uper circuit on the first day.
Small Investor
27. Small Investor  Jan 10, 2019 16:56
IPO Guru IPO Guru (1300+ 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
RAJAKUMAR
26. RAJAKUMAR  Jan 10, 2019 12:43
IPO Guru IPO Guru (1300+ Posts, 900+ 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.
Small Investor
26.3. Small Investor  Jan 10, 2019 14:26
IPO Guru IPO Guru (1300+ Posts, 700+ Likes)
now Hit again Upper Circuit
buy 1 lot @ 61.10
Small Investor
26.4. Small Investor  Jan 10, 2019 15:06
IPO Guru IPO Guru (1300+ 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
RAJAKUMAR
25. RAJAKUMAR  Jan 10, 2019 12:57
IPO Guru IPO Guru (1300+ Posts, 900+ 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.

RAJAKUMAR
24. RAJAKUMAR  Jan 10, 2019 12:35
IPO Guru IPO Guru (1300+ Posts, 900+ 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.
Small Investor
24.2. Small Investor  Jan 10, 2019 12:42
IPO Guru IPO Guru (1300+ Posts, 700+ Likes)
i put a buy order at 57 level
RAJAKUMAR
24.3. RAJAKUMAR  Jan 10, 2019 12:46
IPO Guru IPO Guru (1300+ Posts, 900+ 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.
RAJAKUMAR
23. RAJAKUMAR  Jan 10, 2019 09:12
IPO Guru IPO Guru (1300+ Posts, 900+ Likes)
Dear Traderji and SME
Now i am confused to sell last lot at circuit or wait tomorrow.
Small Investor
23.2. Small Investor  Jan 10, 2019 10:02
IPO Guru IPO Guru (1300+ Posts, 700+ Likes)
@ Rajkumar hold your 1 lot till tomorrow and watching buyer qty regularly today
Small Investor
23.3. Small Investor  Jan 10, 2019 11:07
IPO Guru IPO Guru (1300+ 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
MDSLS
22. MDSLS  Jan 10, 2019 09:32
good morning. sold @64.05.
RAJAKUMAR
21. RAJAKUMAR  Jan 10, 2019 08:52
IPO Guru IPO Guru (1300+ Posts, 900+ Likes)
Sold one lot at 61. Holding one lot waiting for, how it behaves after 10 am
traderji
21.1. traderji  Jan 10, 2019 09:04
Book a profit at 64.05
RAJAKUMAR
20. RAJAKUMAR  Jan 8, 2019 13:14
IPO Guru IPO Guru (1300+ Posts, 900+ Likes)
Yes amount debited. I applied two forms and got two forms.
MDSLS
19. MDSLS  Jan 8, 2019 12:35
amount debited just now.
RAJAKUMAR
18. RAJAKUMAR  Jan 4, 2019 08:47
IPO Guru IPO Guru (1300+ Posts, 900+ 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.
traderji
18.1. traderji  Jan 4, 2019 10:13
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.
MDSLS
18.2. MDSLS  Jan 8, 2019 12:34
amount debited just now.
RAJAKUMAR
17. RAJAKUMAR  Dec 31, 2018 12:55
IPO Guru IPO Guru (1300+ Posts, 900+ 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.
Changeparty
17.1. Changeparty  Dec 31, 2018 13:05
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
Small Investor
17.2. Small Investor  Jan 3, 2019 11:18
IPO Guru IPO Guru (1300+ Posts, 700+ Likes)
Remember Innovators Fasad Systems high Subscription but Fail in listing Gain now below of issue price near 55-56
Carn Mohan
16. Carn Mohan  Jan 2, 2019 08:49
IPO Mentor IPO Mentor (700+ Posts, 200+ Likes)
If subscribe more than 5 times positive listing.
Small Investor
16.3. Small Investor  Jan 3, 2019 10:52
IPO Guru IPO Guru (1300+ Posts, 700+ Likes)
Dear Admin
Your are right, after Listing Retails will be crying.
Small Investor
16.4. Small Investor  Jan 3, 2019 10:54
IPO Guru IPO Guru (1300+ Posts, 700+ Likes)
Only one hope is LM's
last two ipo Performance
Small Investor
15. Small Investor  Jan 1, 2019 15:22
IPO Guru IPO Guru (1300+ Posts, 700+ Likes)
Axita and Akshar same Word, same Sector and same results be can see after listing
so clearly avoid this
DownriteVJ
14. DownriteVJ  Jan 1, 2019 11:28
IPO Guru IPO Guru (1200+ Posts, 1100+ Likes)
Avoid Avoid Avoid
Changeparty
13. Changeparty  Dec 30, 2018 11:32
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
Small Investor
13.1. Small Investor  Dec 31, 2018 10:32
IPO Guru IPO Guru (1300+ Posts, 700+ Likes)
against hit UP Circuit in Deccan Healthcare
Changeparty
12. Changeparty  Dec 27, 2018 15:15
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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