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Vaxtex Cotfab Limited IPO (Vaxtex Cotfab IPO) Detail

Dec 27, 2019 - Jan 3, 2020

Incorporated in 2005, Ahmedabad based Vaxtex Cotfab Limited is engaged in the business of Textile processing of fabric and trading. The Company does Processing (dyeing and finishing) of grey fabrics for shirting, suiting, and other accessories. It also works on an outsourcing basis for other fabric/garment companies.

Vartex has a processing unit and a Packing and Storage unit located at Narol, Ahmedabad in Gujarat. The installed capacity of the processing unit is 12,00,000 meters/month for processing of various fabrics from natural and man-made fibres specializing in 100% cotton, Giza & Supima cotton blended fabrics, polyester viscose and polyester cotton. The company undertakes corporate orders for Finished Fabrics from brands.

It also has a dedicated in-house Testing and Quality Control Team which undertakes testing and quality management.

Competitive Strengths

1. Strategic location advantage in Ahmedabad, Gujarat
2. Experienced promoters
3. Strong technical capabilities for maintaining high product quality
4. Sound financial track record with revenues showing an increase of 581.84% and
313.99% in 2016-17 and 2017-18.

Company Financials

Summary of financial Information (Restated)
Particulars For the year/period ended (Rs in Lakhs)
30-Jun-19 31-Mar-19 31-Mar-18 31-Mar-17
Total Assets 1,969.99 1,350.29 1,018.76 470.00
Total Revenue 454.46 2,201.80 1,846.63 446.06
Profit After Tax 33.58 60.20 17.09 1.85

Objects of the Issue

The company proposes to utilize the net proceeds towards the following objects:
1. To acquire the Machinery- 59.40 lakhs
2. To meet Working Capital Requirements- 250 lakhs
3. General corporate purpose- 43.60 lakhs
4. To Meet the Issue Expenses- 30.04 lakhs

Vaxtex Cotfab IPO Details

IPO Date Dec 27, 2019 to Jan 3, 2020
Listing Date Monday, January 13, 2020
Face Value ₹10 per share
Price ₹24 per share
Lot Size 6000 Shares
Issue Size1,596,000 shares of ₹10
(aggregating up to ₹3.83 Cr)
Issue Type Fixed Price Issue IPO
Listing At NSE SME
Company Promoters

The Promoters of the Company are Mr Khushant Gupta, Mr Mithleshkumar M Agrawal, Qmin Pharma Private Limited and Miracle Stores Private Limited.

Vaxtex Cotfab IPO Tentative Timetable

Vaxtex Cotfab IPO opens on Dec 27, 2019, and closes on Jan 3, 2020. The Vaxtex Cotfab IPO bid date is from Dec 27, 2019 10.00 A.M. to Jan 3, 2020 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day.

Event Tentative Date
Opening Date Dec 27, 2019
Closing Date Jan 3, 2020
Basis of Allotment Jan 8, 2020
Initiation of Refunds Jan 9, 2020
Credit of Shares to Demat Jan 10, 2020
Listing Date Jan 13, 2020

Vaxtex Cotfab IPO Lot Size

The Vaxtex Cotfab IPO lot size is 6000 shares. A retail-individual investor can apply for up to 1 lots (6000 shares or ₹144,000).

Application Lots Shares Amount
Retail (Min) 1 6000 ₹144,000
Retail (Max) 1 6000 ₹144,000

Vaxtex Cotfab IPO Promoter Holding

Pre Issue Share Holding 98.50%
Post Issue Share Holding 73.50 %

Vaxtex Cotfab IPO Review

For the last three fiscals, it has given average performance. A sudden spurt in Q1 bottom line raises concern. Based on this super earnings issue is fully priced. Considering all there, there is no harm in giving this issue a miss. Read detail review...


Vaxtex Cotfab IPO Subscription Status (Bidding Detail)

The Vaxtex Cotfab IPO is subscribed 2.86 times on Jan 3, 2020 5:00:00 PM. The public issue subscribed 3.97 times in the retail category, times in the QIB category, and 1.75 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
NII1.75
Retail3.97
Total2.86

Vaxtex Cotfab IPO Prospectus

Vaxtex Cotfab IPO Rating

162
3.9
Rating:Rated 3.9 stars
Vote Here ...

Vaxtex Cotfab IPO Listing Date

Listing Date Monday, January 13, 2020
BSE Script Code
NSE Symbol VCL
Listing In ST Group of Securities
ISIN INE098201010
IPO Price ₹24 per share
Face Value ₹10 per share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
NSE SME
₹24.00
₹24.10
₹23.30
₹25.00
₹24.80

Company Contact Information

Vaxtex Cotfab Limited
Survey No 230 Opp Mariya Park
B/h Ranipur Vill Saijpur-Narol
Ahmedabad - 382405, Gujarat, India.
Phone: 91-9724496973/9727123004
Email: vaxtexcotfab@gmail.com
Website: http://www.vaxtexcotfab.com

Vaxtex Cotfab IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200
Email: investor@bigshareonline.com
Website: http://www.bigshareonline.com

Vaxtex Cotfab IPO Review

Vaxtex Cotfab IPO Recommendation Summary

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

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IPO Broker Recommendations

Vaxtex Cotfab IPO FAQs

Vaxtex Cotfab IPO is a SME IPO of 1,596,000 equity shares of the face value of ₹10 aggregating up to ₹3.83 Crores. The issue is priced at ₹24 per share. The minimum order quantity is 6000 Shares.

The IPO opens on Dec 27, 2019, and closes on Jan 3, 2020.

Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.

The Vaxtex Cotfab IPO opens on Dec 27, 2019 and closes on Jan 3, 2020.

Vaxtex Cotfab IPO lot size is 6000 Shares and the minimum order quantity is .

You can apply in Vaxtex Cotfab 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 Vaxtex Cotfab IPO will be done on Jan 8, 2020, and the allotted shares will be credited to your demat account by Jan 10, 2020. Check the Vaxtex Cotfab IPO allotment status.

The Vaxtex Cotfab IPO listing date is on Monday, January 13, 2020.
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Vaxtex Cotfab IPO Message Board

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142 Comments

85. Dinesh Desai |   Link |Jan 13, 2020 1:32:40 PM
Buy minimum 2 lot at 25, target 40 in 2 months. Stop loss 22.
85.2. sunnybhaty |   Link |Jan 13, 2020 4:25:24 PM
Small investor, you told it will open in discount, it open today at 4% premium
85.3. Small Investor |   Link |Jan 20, 2020 2:40:27 PM
IPO Guru IPO Guru (1600+ Posts, 900+ Likes)
Dear Sunny
today VCL Hit Lower Circut
84. Sanjay Mali |   Link |Jan 13, 2020 1:14:42 PM
Buy at 24.5-25, target 30-32 in 15-20 days. Stop loss 23.
84.1. Small Investor |   Link |Feb 12, 2020 12:34:16 PM
IPO Guru IPO Guru (1600+ Posts, 900+ Likes)
Now your Company's Stock VCL Trade Below Rs 20
hahaha
83. Bindesh Vora |   Link |Jan 13, 2020 12:58:44 PM
Fundamentally strong company and already subscribed 3 times, which seems positive sentiment.
82. Nirpex Bhansali |   Link |Jan 13, 2020 12:46:48 PM
Vaxtex has good support at 24.5, very high chance of 32-34 in next 15-20 days.
81. Zunzunwala Followers |   Link |Jan 13, 2020 12:29:16 PM
Bought in broker session at 24.5, holding for 3-4 months minimum.
80. Rohin Shah |   Link |Jan 13, 2020 12:03:18 PM
Will sell maximum with 6-7% return anytime between 2-3.
80.1. Small Investor |   Link |Jan 13, 2020 12:11:28 PM
IPO Guru IPO Guru (1600+ Posts, 900+ Likes)
i think at that Operators is Come
80.2. Small Investor |   Link |Jan 13, 2020 12:16:27 PM
IPO Guru IPO Guru (1600+ Posts, 900+ Likes)
Upper Circuit may be Possible today ,on price 25.30 almost 100000+ seller is fake or operators
79. Capital Gain India |   Link |Jan 13, 2020 12:16:04 PM
Seems to be good company will hold for minimum 6-7 months.
78. Vimal Mehta |   Link |Jan 13, 2020 11:48:05 AM
Vaxtex will close today above 26.
77. Ayush Mamtora |   Link |Jan 13, 2020 11:36:49 AM
Good buying might be seen as allotment is very less.
76. sunnybhaty |   Link |Jan 13, 2020 9:50:32 AM
LISTING AT 24.10, HOLD TILL 4
76.1. Small Investor |   Link |Jan 13, 2020 11:16:41 AM
IPO Guru IPO Guru (1600+ Posts, 900+ Likes)
Exit its better if you have hold do't wait any 4
75. IPO Trackers |   Link |Jan 13, 2020 11:16:38 AM
Vaxtex ipo listed today on nse emerge, positive listing.
74. Small Investor |   Link |Jan 13, 2020 11:01:48 AM
IPO Guru IPO Guru (1600+ Posts, 900+ Likes)
all new members are went from this forum now
vcl now 23.50
73. PRAFULDURAI |   Link |Jan 10, 2020 7:42:28 PM

Gian & Vaxtex will list at same day on different SME exchange
72. Small Investor |   Link |Jan 10, 2020 1:27:00 PM
IPO Guru IPO Guru (1600+ Posts, 900+ Likes)
basis of Allotment
https://listing.bseindia.com/download/333409/ipo_T5/D-4%20Gian%20Life%20Care_20200110112918.pdf
72.1. VinShah |   Link |Jan 10, 2020 7:30:40 PM
Gian & Vaxtex will list at same day 13.01.20..jlsa kro..
71. A.Santhosh Kumar |   Link |Jan 9, 2020 6:17:15 PM
No allotment
70. Shah bhupesh chunilal |   Link |Jan 9, 2020 3:16:55 PM
Allotment done
69. Shah bhupesh chunilal |   Link |Jan 9, 2020 12:32:17 PM
Allott kab hai
69.1. A SHARMA |   Link |Jan 9, 2020 3:12:44 PM
Check yr bank accounts. No allotment to me. Money received back after line lifted.
68. A SHARMA |   Link |Jan 9, 2020 12:29:27 PM
Lien lifted means no allotment.
67. praveenvishisht |   Link |Jan 8, 2020 11:22:07 AM
When will allotment be done. Any hope of positive listing.
67.1. IPO Trackers |   Link |Jan 8, 2020 1:37:42 PM
Allotment is today. There should be
66. Shah bhupesh chunilal |   Link |Jan 4, 2020 9:21:44 AM
+3
66.1. Small Investor |   Link |Jan 4, 2020 11:03:21 AM
IPO Guru IPO Guru (1600+ Posts, 900+ Likes)
Will Listing between 23 to 24.50