₹8.71 Crores | Listing at NSE | Mon, Aug 7, 2023 - Wed, Aug 23, 2023
Vaxtex Cotfab Limited Rights Issue comprises 6.31 Cr equity shares aggregating to ₹8.71 Cr, offered at an issue price of ₹2 per share with a face value of ₹1 per share.
The record date for determining eligible shareholder is Jul 24, 2023, with the Rights Issue being offered in the entitlement ratio of 1 : 2.
The term of payment is defined as following : Full amount of Rs. 2/- per Equity share is payable on application by eligible shareholders.
The Rights Entitlements are expected to be credited to eligible demat accounts on [.]
The Rights Issue opens on Aug 7, 2023, and closes on Aug 23, 2023, with renunciation of Rights Entitlements permitted up to Aug 14, 2023.
The deemed date of allotment is Aug 25, 2023, following which the equity shares are expected to be credited to demat accounts on Aug 29, 2023 and listed at the NSE on Aug 31, 2023.
Cameo Corporate Services Ltd. is the Registrar to the Issue.
Investors are advised to refer to the Vaxtex Cotfab Limited Letter of Offer for detailed information, including risk factors, issue terms, and procedural details.
Record Date
Mon, Jul 24, 2023
Entitlement Ratio
1 : 2
Open Date
Mon, Aug 7, 2023
Close Date
Wed, Aug 23, 2023
Full amount of Rs. 2/- per Equity share is payable on application by eligible shareholders.
| Period Ended | 31 Mar 2021 | 31 Mar 2022 | 31 Mar 2023 |
| Assets | 21.69 | 23.99 | 69.48 |
| Revenue | 26.22 | 62.28 | 76.51 |
| Profit After Tax | 0.18 | 1.49 | 1.13 |
| Net Worth | |||
| Reserves and Surplus | |||
| Total Borrowing |
Incorporated in 2005, Vaxtex Cotfab Limited is one of the leading textile manufacturing Companies in India. The company primarily operates from Ahmedabad, Gujarat. Vaxtex is listed on NSE Limited.
Vaxtex Cotfab works with full operational efficiency having a production capacity of approximately 12 Lac meters per month. They offer suiting and shirting fabrics catering to numerous export houses, International brands, corporate buyers, domestic traders, wholesalers, and distributors. They create their products by utilizing the latest technology and machinery procured from major suppliers and distributors in India.
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
[Dilip Davda] The company is in a highly competitive and fragmented segment of trading and processing of fabrics. Its financial data is non-encouraging. The RI is at a minuscule discount to its current market price. The counter is well-managed above the RI price to lure investors. Higher equity case post-RI may pose servicing issues. There is no harm in skipping this fully-priced offer. Read detail review...
Vaxtex Cotfab Limited
Survey No. 230, Ranipur Rd, opp. Mariya Park,
B/h. Ranipur Village, Saijpur - Gopal,
Narol, Ahmedabad - 382405
Ahmedabad, Gujarat, 382405
The Vaxtex Cotfab Rights Issue 2023 opens on Mon, Aug 7, 2023, and closes on Wed, Aug 23, 2023.
Vaxtex Cotfab Rights Issue 2023 Schedule
| Last Date for credit of Rights Entitlements | |
| Last Date for renunciation of Rights Entitlements | Mon, Aug 14, 2023 |
| Issue Opening Date | Mon, Aug 7, 2023 |
| Issue Closing Date | Wed, Aug 23, 2023 |
| Date of Allotment (on or about) | Fri, Aug 25, 2023 |
| Date of Credit (on or about) | Tue, Aug 29, 2023 |
| Date of Listing (on or about) | Thu, Aug 31, 2023 |
You can apply for Vaxtex Cotfab Rights Issue 2023 in two ways:
Steps to apply for Vaxtex Cotfab Rights Issue 2023 using Net Banking (ASBA)
Steps to apply for Vaxtex Cotfab Rights Issue 2023 using Registrar's website (R-WAP)
