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 Open	Dec 27, 2018 - Jan 2, 2019
Issue Type	Fixed Price Issue IPO
Issue Size	1,752,000 Eq Shares of Rs 10 (aggregating up to Rs 10.51 Cr)
Face Value	Rs 10 Per Equity Share
Issue Price	Rs 60 Per Equity Share
Market Lot	2000 Shares
Min Order Quantity	2000 Shares
Listing At	BSE SME

Axita Cotton IPO Tentative Date / Timetable

Bid/Offer Opens On	Dec 27, 2018
Bid/Offer Closes On	Jan 2, 2019
Finalisation of Basis of Allotment	Jan 7, 2019
Initiation of Refunds	Jan 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

› Draft Prospectus
› Red Herring Prospectus

Axita Cotton IPO Rating

3.9

Rating:

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

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
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

33. SME EXPERTISE Jan 17, 2019 17:58

Axita cotton on verge to break 60

If it breaks 60 rs then stock is headed for 40-45 rs quickly

32. Small Investor Jan 16, 2019 10:29

Top Contributor (400+ Posts, 100+ Likes)

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

32.1. SME EXPERTISE Jan 17, 2019 14:44

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.

31. STOCKADV Jan 10, 2019 17:03

UPPER CIRCUIT

31.1. SME EXPERTISE Jan 10, 2019 18:38

Its not upper circuit

It closed at 62.1 rs.

30. alibaba Jan 10, 2019 17:01

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

29. Small Investor Jan 10, 2019 16:56

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

28. RAJAKUMAR Jan 10, 2019 12:43

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.

Load more comments (7 replies)

28.1. SME EXPERTISE Jan 10, 2019 12:48

I would always look at fundamentals. I am holding 4 lots of Deccan healthcare as I am confident on the healthcare story. If I would have sold Deccan and bought axita my profits were infact lower so it depends how and which correct company one pick up. I am still not bullish on axita cotton. Look at past history of all these stocks
It is just that one get lucky in such stocks. What if there was no gain axita and you would have been caught if have hold. If you would have hold all lots of Deccan healthcare instead of applying axita then your profits would have been higher.

28.2. Dinesh Singh Jan 10, 2019 13:10

@Rajkumar
You strategy is very much correct. I am also following the same strategy since last 2 year.
SME Stocks are purely manipulated by LM. There is no point in taking risk and holding SME stock.

28.3. SME EXPERTISE Jan 10, 2019 13:17

I don't follow such strategy. You are looking at one side of story. Look at other ones as well which have gone up post listing . Dungee dums. Inflame. Appliance. And many others. People who have good experience will give you good experience and one who have had experience will provide bad. It is not necessary to apply every sme IPO Instead apply only good ones and you will make money.

28.4. SME EXPERTISE Jan 10, 2019 13:20

People don't tell you good ones only the bad ones comes to your mind. I sold tejnaksh healthcare post listing with only 2 pc gain and it went on to become 10 times issue price so I lost Chance to earn 900 pc profit. Same goes with inflame which sold at 60 and now it's 120. There are many others if you look at past history. So it depends upon how well and correct stock you are in.

28.5. SME EXPERTISE Jan 10, 2019 13:37

Offcourse this is not in your hands .but my past experience say there will be sme which can become multibaggers too. So I agree it depends upon individual and its own capacity. You win some you lose some. However my strategy is not apply and exit on listing. It is only apply good ones which I don't have problem holding on to as well

28.6. Small Investor Jan 10, 2019 14:20

Top Contributor (400+ Posts, 100+ Likes)

70% Retailers sold your Allotment

28.7. Small Investor Jan 10, 2019 14:26

Top Contributor (400+ Posts, 100+ Likes)

now Hit again Upper Circuit
buy 1 lot @ 61.10

28.8. SME EXPERTISE Jan 10, 2019 14:56

Small investor you should not have bought it as this sector is not doing well
I think this should go down in few days.

28.9. Small Investor Jan 10, 2019 15:06

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

27. RAJAKUMAR Jan 10, 2019 12:57

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.

26. RAJAKUMAR Jan 10, 2019 12:35

1 |

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.

Load more comments (1 replies)

26.2. Small Investor Jan 10, 2019 12:42

Top Contributor (400+ Posts, 100+ Likes)

i put a buy order at 57 level

26.3. RAJAKUMAR Jan 10, 2019 12:46

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.

25. RAJAKUMAR Jan 10, 2019 09:12

IPO Mentor (800+ Posts, 500+ Likes)

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

Load more comments (2 replies)

25.3. SME EXPERTISE Jan 10, 2019 10:18

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

25.4. Small Investor Jan 10, 2019 11:07

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

24. MDSLS Jan 10, 2019 09:32

1 |

good morning. sold @64.05.

23. SME EXPERTISE Jan 10, 2019 09:03

Now 64 lead manager did well.

23.1. RAJAKUMAR Jan 10, 2019 09:19

IPO Mentor (800+ Posts, 500+ Likes)

Dear SME
LM is very important role in SME Companies.

22. RAJAKUMAR Jan 10, 2019 08:52

IPO Mentor (800+ Posts, 500+ Likes)

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

22.1. traderji Jan 10, 2019 09:04

Book a profit at 64.05

21. SME EXPERTISE Jan 10, 2019 08:39

Listing at 61.just brokerage covered. No profit or loss

20. RAJAKUMAR Jan 8, 2019 13:14

IPO Mentor (800+ Posts, 500+ Likes)

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

19. MDSLS Jan 8, 2019 12:35

amount debited just now.

18. RAJAKUMAR Jan 4, 2019 08:47

1 |

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.

Load more comments (1 replies)

18.2. SME EXPERTISE Jan 4, 2019 18:14

All the best RAJkumarji.
hope you manage to get gains and exit on listing day as this sector is reeling under huge pressure

18.3. MDSLS Jan 8, 2019 12:34

amount debited just now.

17. RAJAKUMAR Dec 31, 2018 12:55

4 |

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.

17.1. Changeparty Dec 31, 2018 13:05

3 |

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 11:18

1 |

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

16. Carn Mohan Jan 2, 2019 08:49

IPO Mentor (600+ Posts, 200+ Likes)

If subscribe more than 5 times positive listing.

Load more comments (2 replies)

16.3. Small Investor Jan 3, 2019 10:52

Top Contributor (400+ Posts, 100+ Likes)

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

16.4. Small Investor Jan 3, 2019 10:54

Top Contributor (400+ Posts, 100+ Likes)

Only one hope is LM's
last two ipo Performance

15. Small Investor Jan 1, 2019 15:22

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

14. DownriteVJ Jan 1, 2019 11:28

2 |

IPO Guru (1000+ Posts, 700+ Likes)

Avoid Avoid Avoid

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Axita Cotton Limited IPO (Axita Cotton IPO) Detail

Company Promoters:

Company Financials:

Objects of the Issue:

Axita Cotton IPO Details

Axita Cotton IPO Tentative Date / Timetable

Axita Cotton IPO Subscription Status (Bidding Detail)

Axita Cotton IPO Prospectus

Axita Cotton IPO Rating

Axita Cotton IPO Listing Date

Listing Day Trading Information

Axita Cotton IPO Reviews / Ratings

Company Contact Information

Axita Cotton IPO Registrar

Axita Cotton IPO Lead Manager(s)

Axita Cotton IPO Review / Comments

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