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 Promoters:

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

Company Financials:

Summary of financial Information (Restated)
Particulars For the year/period ended (₹ 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 DateDec 27, 2019 - Jan 3, 2020
Issue TypeFixed Price Issue IPO
Issue Size1,596,000 Eq Shares of ₹10
(aggregating up to ₹3.83 Cr)
Face Value₹10 per equity share
IPO Price₹24 per equity share
Market Lot6000 Shares
Min Order Quantity6000 Shares
Listing AtNSE SME

Vaxtex Cotfab IPO Tentative Date / Timetable

Bid/Offer Opens OnDec 27, 2019
Bid/Offer Closes OnJan 3, 2020
Finalisation of Basis of AllotmentJan 8, 2020
Initiation of RefundsJan 9, 2020
Credit of Shares to Demat AcctJan 10, 2020
IPO Shares Listing DateJan 13, 2020

Vaxtex Cotfab IPO Lot Size and Price (Retail)

ApplicationLotsSharesAmount (Cut-off)

Vaxtex Cotfab IPO Promoter Holding

Pre Issue Share Holding98.50%
Post Issue Share Holding73.50 %

Vaxtex Cotfab IPO Subscription Status (Bidding Detail)

Vaxtex Cotfab IPO how much subscribed?

No. of Times Issue Subscribed (BSE + NSE)

As on Date & Time




Shares Offered




Jan 3, 2020 17:00




Vaxtex Cotfab IPO Prospectus

Vaxtex Cotfab IPO Rating

Rating:Rated 3.9 stars

Vote Here ...

Vaxtex Cotfab IPO Listing Date

Listing DateMonday, January 13, 2020
BSE Script Code
Listing InST
IPO Price₹24 per equity share
Face Value₹10 per equity share

Listing Day Trading Information

IPO Price
Last Trade
IPO Price:₹24.00
Last Trade:₹24.80

Vaxtex Cotfab IPO Reviews / Ratings

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

Vaxtex Cotfab IPO Registrar

Bigshare Services Pvt Ltd
   1st Floor, Bharat Tin Works Building,
   Opp. Vasant Oasis,Makwana Road,
   Marol, Andheri(E), Mumbai - 400 059

Phone: +91-22-6263 8200

Vaxtex Cotfab IPO FAQs

  1. What is Vaxtex Cotfab IPO?

    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 equity 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.

  2. When Vaxtex Cotfab IPO will open?

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

  3. What is the lot size of Vaxtex Cotfab IPO?

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

  4. How to apply for Vaxtex Cotfab IPO?

    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, ICICI Bank, HDFC Bank and SBI Bank.

  5. When Vaxtex Cotfab IPO allotment?

    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.

  6. When is Vaxtex Cotfab IPO listing date?

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

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Vaxtex Cotfab IPO Review / Comments

Dinesh Desai
85. Dinesh Desai  Jan 13, 2020 12:32
Buy minimum 2 lot at 25, target 40 in 2 months. Stop loss 22.
85.2. sunnybhaty  Jan 13, 2020 15:25
Small investor, you told it will open in discount, it open today at 4% premium
Small Investor
85.3. Small Investor  Jan 20, 2020 13:40
IPO Guru IPO Guru (1300+ Posts, 700+ Likes)
Dear Sunny
today VCL Hit Lower Circut
Sanjay Mali
84. Sanjay Mali  Jan 13, 2020 12:14
Buy at 24.5-25, target 30-32 in 15-20 days. Stop loss 23.
Small Investor
84.1. Small Investor  Feb 12, 2020 11:34
IPO Guru IPO Guru (1300+ Posts, 700+ Likes)
Now your Company's Stock VCL Trade Below Rs 20
Bindesh Vora
83. Bindesh Vora  Jan 13, 2020 11:58
Fundamentally strong company and already subscribed 3 times, which seems positive sentiment.
Nirpex Bhansali
82. Nirpex Bhansali  Jan 13, 2020 11:46
Vaxtex has good support at 24.5, very high chance of 32-34 in next 15-20 days.
Zunzunwala Followers
81. Zunzunwala Followers  Jan 13, 2020 11:29
Bought in broker session at 24.5, holding for 3-4 months minimum.
Rohin Shah
80. Rohin Shah  Jan 13, 2020 11:03
Will sell maximum with 6-7% return anytime between 2-3.
Small Investor
80.1. Small Investor  Jan 13, 2020 11:11
IPO Guru IPO Guru (1300+ Posts, 700+ Likes)
i think at that Operators is Come
Small Investor
80.2. Small Investor  Jan 13, 2020 11:16
IPO Guru IPO Guru (1300+ Posts, 700+ Likes)
Upper Circuit may be Possible today ,on price 25.30 almost 100000+ seller is fake or operators
Capital Gain India
79. Capital Gain India  Jan 13, 2020 11:16
Seems to be good company will hold for minimum 6-7 months.
Vimal Mehta
78. Vimal Mehta  Jan 13, 2020 10:48
Vaxtex will close today above 26.
Ayush Mamtora
77. Ayush Mamtora  Jan 13, 2020 10:36
Good buying might be seen as allotment is very less.
76. sunnybhaty  Jan 13, 2020 08:50
Small Investor
76.1. Small Investor  Jan 13, 2020 10:16
IPO Guru IPO Guru (1300+ Posts, 700+ Likes)
Exit its better if you have hold do't wait any 4
IPO Trackers
75. IPO Trackers  Jan 13, 2020 10:16
Vaxtex ipo listed today on nse emerge, positive listing.
Small Investor
74. Small Investor  Jan 13, 2020 10:01
IPO Guru IPO Guru (1300+ Posts, 700+ Likes)
all new members are went from this forum now
vcl now 23.50
73. PRAFULDURAI  Jan 10, 2020 18:42

Gian & Vaxtex will list at same day on different SME exchange
Small Investor
72. Small Investor  Jan 10, 2020 12:27
IPO Guru IPO Guru (1300+ Posts, 700+ Likes)
72.1. VinShah  Jan 10, 2020 18:30
Gian & Vaxtex will list at same day 13.01.20..jlsa kro..
A.Santhosh Kumar
71. A.Santhosh Kumar  Jan 9, 2020 17:17
No allotment
Shah bhupesh chunilal
70. Shah bhupesh chunilal  Jan 9, 2020 14:16
Allotment done
Shah bhupesh chunilal
69. Shah bhupesh chunilal  Jan 9, 2020 11:32
Allott kab hai
69.1. A SHARMA  Jan 9, 2020 14:12
Check yr bank accounts. No allotment to me. Money received back after line lifted.
68. A SHARMA  Jan 9, 2020 11:29
Lien lifted means no allotment.
67. praveenvishisht  Jan 8, 2020 10:22
When will allotment be done. Any hope of positive listing.
IPO Trackers
67.1. IPO Trackers  Jan 8, 2020 12:37
Allotment is today. There should be
Shah bhupesh chunilal
66. Shah bhupesh chunilal  Jan 4, 2020 08:21
Small Investor
66.1. Small Investor  Jan 4, 2020 10:03
IPO Guru IPO Guru (1300+ Posts, 700+ Likes)
Will Listing between 23 to 24.50


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