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.

Axita Cotton IPO Details

IPO Date Dec 27, 2018 to Jan 2, 2019
Listing Date Jan 10, 2019
Face Value ₹10 per share
Price ₹60 per share
Lot Size 2000 Shares
Total Issue Size1,752,000 shares
(aggregating up to ₹10.51 Cr)
Issue Type Fixed Price Issue IPO
Listing At BSE SME

Axita Cotton IPO Reservation

Other Shares Offered830,000 (50.00%)
Retail Shares Offered830,000 (50.00%)
Market Maker portion92,000 shares
Total Shares Offered1,660,000

Axita Cotton IPO Tentative Timetable

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

Event Tentative Date
Opening Date Dec 27, 2018
Closing Date Jan 2, 2019
Basis of Allotment Jan 7, 2019
Initiation of Refunds Jan 8, 2019
Credit of Shares to Demat Jan 9, 2019
Listing Date Jan 10, 2019
UPI Mandate Confirmation Cut-Off Time 5.00 PM on the issue closing day

Axita Cotton IPO Lot Size

The Axita Cotton IPO lot size is 2000 shares.

Application Lots Shares Amount
Retail (Min) 1 2000 ₹120,000
Retail (Max) 1 2000 ₹120,000
Lot Size Calculator

Axita Cotton IPO Subscription Status (Bidding Detail)

The Axita Cotton IPO is subscribed 1.98 times on Jan 2, 2019 7:49:03 PM. The public issue subscribed 1.55 times in the retail category, times in the QIB category, and 2.40 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)

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

Axita Cotton IPO Review (Avoid)

[Dilip Davda]  

Financial performance is average, issue pricing is very aggressive. Currently textile segment is not fancied by investors. Considering all these, there is no harm in giving this issue a miss.

Read detail review...

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 Prospectus

Axita Cotton IPO Rating

Rating:Rated 3.9 stars
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Axita Cotton IPO Listing Details

Listing Date Jan 10, 2019
BSE Script Code 542285
NSE Symbol
Final Issue Price ₹60 per share

Pre-Open Session - NSE

Listing Day Trading Information

Price Details
Final Issue Price
Last Trade

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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

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

Axita Cotton IPO Analysis

Axita Cotton IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 0 0 1
Members 0 0 0

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SME IPO Enquiry

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Axita Cotton IPO FAQs

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 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.

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

Axita Cotton IPO lot size is 2000 Shares and the minimum order quantity is .

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, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

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.

The Axita Cotton IPO listing date is on Jan 10, 2019.
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Axita Cotton IPO Message Board

Ranked Members of Chittorgarh.com Forum  Ranked Members | Most Liked Members



31. RAJAKUMAR |   Link |Feb 5, 2019 10:54:36 AM (1400+ Posts, 1200+ Likes)
Amount debited in all account
30. Small Investor |   Link |Jan 16, 2019 10:29:48 AM
IPO Guru IPO Guru (1600+ Posts, 900+ Likes)
kya h aaisa is stock m jo bulk deals k madhaym se koi buy kr rha h
29. STOCKADV |   Link |Jan 10, 2019 5:03:03 PM
28. alibaba |   Link |Jan 10, 2019 5:01:42 PM
some one before were saying not good to invest one can see uper circuit on the first day.
27. Small Investor |   Link |Jan 10, 2019 4:56:58 PM
IPO Guru IPO Guru (1600+ Posts, 900+ 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 |   Link |Jan 10, 2019 12:43:52 PM (1400+ Posts, 1200+ 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.
26.3. Small Investor |   Link |Jan 10, 2019 2:26:22 PM
IPO Guru IPO Guru (1600+ Posts, 900+ Likes)
now Hit again Upper Circuit
buy 1 lot @ 61.10
26.4. Small Investor |   Link |Jan 10, 2019 3:06:22 PM
IPO Guru IPO Guru (1600+ Posts, 900+ 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 |   Link |Jan 10, 2019 12:57:55 PM (1400+ Posts, 1200+ 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 |   Link |Jan 10, 2019 12:35:26 PM (1400+ Posts, 1200+ 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.
24.2. Small Investor |   Link |Jan 10, 2019 12:42:39 PM
IPO Guru IPO Guru (1600+ Posts, 900+ Likes)
i put a buy order at 57 level
24.3. RAJAKUMAR |   Link |Jan 10, 2019 12:46:30 PM (1400+ Posts, 1200+ 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 |   Link |Jan 10, 2019 9:12:25 AM (1400+ Posts, 1200+ Likes)
Dear Traderji and SME
Now i am confused to sell last lot at circuit or wait tomorrow.
23.2. Small Investor |   Link |Jan 10, 2019 10:02:30 AM
IPO Guru IPO Guru (1600+ Posts, 900+ Likes)
@ Rajkumar hold your 1 lot till tomorrow and watching buyer qty regularly today
23.3. Small Investor |   Link |Jan 10, 2019 11:07:16 AM
IPO Guru IPO Guru (1600+ Posts, 900+ 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 |   Link |Jan 10, 2019 9:32:47 AM
good morning. sold @64.05.
21. RAJAKUMAR |   Link |Jan 10, 2019 8:52:03 AM (1400+ Posts, 1200+ Likes)
Sold one lot at 61. Holding one lot waiting for, how it behaves after 10 am
21.1. traderji |   Link |Jan 10, 2019 9:04:14 AM
Book a profit at 64.05
20. RAJAKUMAR |   Link |Jan 8, 2019 1:14:12 PM (1400+ Posts, 1200+ Likes)
Yes amount debited. I applied two forms and got two forms.
19. MDSLS |   Link |Jan 8, 2019 12:35:50 PM
amount debited just now.
18. RAJAKUMAR |   Link |Jan 4, 2019 8:47:57 AM (1400+ Posts, 1200+ 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 |   Link |Jan 4, 2019 10:13:07 AM
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 |   Link |Jan 8, 2019 12:34:43 PM
amount debited just now.
17. RAJAKUMAR |   Link |Dec 31, 2018 12:55:14 PM (1400+ Posts, 1200+ 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 |   Link |Dec 31, 2018 1:05:47 PM
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 |   Link |Jan 3, 2019 11:18:24 AM
IPO Guru IPO Guru (1600+ Posts, 900+ Likes)
Remember Innovators Fasad Systems high Subscription but Fail in listing Gain now below of issue price near 55-56
16. Carn Mohan |   Link |Jan 2, 2019 8:49:32 AM
IPO Mentor IPO Mentor (1000+ Posts, 400+ Likes)
If subscribe more than 5 times positive listing.
16.3. Small Investor |   Link |Jan 3, 2019 10:52:08 AM
IPO Guru IPO Guru (1600+ Posts, 900+ Likes)
Dear Admin
Your are right, after Listing Retails will be crying.
16.4. Small Investor |   Link |Jan 3, 2019 10:54:49 AM
IPO Guru IPO Guru (1600+ Posts, 900+ Likes)
Only one hope is LM's
last two ipo Performance
15. Small Investor |   Link |Jan 1, 2019 3:22:35 PM
IPO Guru IPO Guru (1600+ Posts, 900+ Likes)
Axita and Akshar same Word, same Sector and same results be can see after listing
so clearly avoid this
14. DownriteVJ |   Link |Jan 1, 2019 11:28:22 AM
IPO Guru IPO Guru (1300+ Posts, 1200+ Likes)
Avoid Avoid Avoid
13. Changeparty |   Link |Dec 30, 2018 11:32:20 AM
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 |   Link |Dec 31, 2018 10:32:32 AM
IPO Guru IPO Guru (1600+ Posts, 900+ Likes)
against hit UP Circuit in Deccan Healthcare
12. Changeparty |   Link |Dec 27, 2018 3:15:51 PM
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