Axita Cotton IPO Dates, Review, Price Band, Allotment & Market Lot

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:

• Grey Market Premium
• IPO Subscription Numbers

• 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/