Axita Cotton is incorporated 2013 based in Gujarat. The company is a manufacturer and exporter of cotton seeds and cotton bales. They also do job work of kapas ginning and pressing. They got approval from TUF as well. The production facility located at Kadi, Gujarat and they installed around 48 ginning and pressing machines. Axita Cotton export their products to Bangladesh, Pakistan and Vietnam. They have over 20 permanent employees. Axita Cotton ipo is starting from 27-December and ends on 02-January. The price band is around Rs.60 with 2000 market lot. The ipo size is around 10.51 crore rupees.
IPO Review:
- Risky
Axita Cotton IPO Dates & Price Band:
- IPO Open: 27-December-2018
- IPO Close: 02-January-2019
- IPO Size: Approx Rs 10.51 Crore
- Face Value: Rs.10 Per Equity Share
- Price Band: Rs.60 Per Equity Share
- Listing on: BSE SME
- Shares: 17,52,000
- Retail Portion: 50%
IPO Market Lot:
- Shares: Apply for 2,000 Shares (Minimum Lot Size)
- Amount: Rs.1,20,000
IPO Allotment & Listing:
- Basis of Allotment: 07-January-2018
- Refunds: 08-January-2018
- Credit to demat accounts: 09-January-2018
- Listing: 10-January-2018
Financial Results:
| Rs. in Crore | |||||
| Revenue | Assets | PAT | |||
| 2014 | 17.36 | 13.24 | 0.06 | ||
| 2015 | 77.05 | 13.31 | 0.29 | ||
| 2016 | 68.76 | 13.87 | 0.12 | ||
| 2017 | 1.24 | 22.49 | 0.82 | ||
| 2018 (June) | 21.22 | 25.56 | 0.33 | ||
Axita Cotton IPO Important Links:
Axita Cotton IPO Allotment Status:
Company Promoters:
- Nitinbhai Govindbhai Patel
- Kushal Nitinbhai Patel
- Amitkumar Govindbhai Patel
Quick Links:
Draft Red Herring Prospectus
Red Herring Prospectus
IPO Registrar:
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Fax: +91-22-4918 6060
Email: [email protected]
Website: http://www.linkintime.co.in
IPO Lead Managers:
- Beeline Broking Ltd
Company Address:
Axita Cotton Limited
Survey No. 324, 357, 358,
Kadi Thol Road, Borisana,
Kadi, Mahesana-382715
Phone: +91 63587 47514
Email: [email protected]
Website: http://www.axitacotton.com/
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