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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.
The Promoters of Our Company are Nitinbhai Govindbhai Patel, Kushal Nitinbhai Patel and Amitkumar Govindbhai Patel.
| 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 |
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.
| IPO Opening Date | Dec 27, 2018 |
| IPO Closing Date | Jan 2, 2019 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹60 per equity share |
| Market Lot | 2000 Shares |
| Min Order Quantity | 2000 Shares |
| Listing At | BSE SME |
| Issue Size | 1,752,000 Eq Shares of ₹10 (aggregating up to ₹10.51 Cr) |
The Axita Cotton IPO open date is Dec 27, 2018, and the close date is Jan 2, 2019. The issue may list on Jan 10, 2019.
| IPO Open Date | Dec 27, 2018 |
| IPO Close Date | Jan 2, 2019 |
| Basis of Allotment Date | Jan 7, 2019 |
| Initiation of Refunds | Jan 8, 2019 |
| Credit of Shares to Demat Account | Jan 9, 2019 |
| IPO Listing Date | Jan 10, 2019 |
The Axita Cotton IPO market lot size is 2000 shares. A retail-individual investor can apply for up to 1 lots (2000 shares or ₹120,000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 2000 | ₹120,000 |
| Maximum | 1 | 2000 | ₹120,000 |
The Axita Cotton IPO is subscribed 1.98 times on Jan 2, 2019 19:49. The public issue subscribed 1.55 in the retail category, in the QIB category, and 2.40 in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| NII | 2.40 |
| RII | 1.55 |
| Total | 1.98 |
| Listing Date | Thursday, January 10, 2019 |
| BSE Script Code | 542285 |
| NSE Symbol | |
| Listing In | MT Group of Securities |
| ISIN | INE02EZ01014 |
| IPO Price | ₹60 per equity share |
| Face Value | ₹10 per equity share |
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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/
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: axita.ipo@linkintime.co.in
Website: http://www.linkintime.co.in
Lead Manager Reports
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.
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 2000 Shares.
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, Edelweiss, 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.
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