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Open
27 Dec, 2018 to 2 Jan, 2019
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Close
27 Dec, 2018 to 2 Jan, 2019
3
Allotment
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Listing
Thu, Jan 10, 2019
Price Band
₹60 per share
Issue Size
17,52,000 shares (agg. up to ₹11 Cr)
Lot Size
2,000 Shares
Listing Date
Thu, Jan 10, 2019
✦ AI Insight
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 1.90x |
Restated Financials (₹ Cr.)
| Period Ended | 30 Jun 2018 | 31 Mar 2018 | 31 Mar 2017 | 31 Mar 2016 |
|---|---|---|---|---|
| Assets | 25.56 | 22.29 | 17.51 | 13.87 |
| Total Income | 21.22 | 123.92 | 91.52 | 68.76 |
| Profit After Tax | 0.33 | 0.82 | 0.03 | 0.12 |
| EBITDA | 1.09 | 3.44 | 1.75 | 1.98 |
| NET Worth | 3.50 | 3.16 | 2.35 | 2.30 |
| Reserves and Surplus | 1.06 | 0.73 | -0.07 | -0.10 |
| Total Borrowing | 16.62 | 16.96 | 14.91 | 11.20 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Shubham Polyspin Ltd. | SME | ₹6.00 Cr | ₹40 | null | ₹43.85 | +9.63% | ₹42.36 (-3.20%) |
| Lagnam Spintex Ltd. | SME | ₹24.60 Cr | ₹41 | null | ₹38.95 | -5.00% | ₹87.86 (+3.27%) |
| Jakharia Fabric Ltd. | SME | ₹19.66 Cr | ₹180 | null | ₹181.50 | +0.83% | ₹60.50 (+0.83%) |
| Akshar Spintex Ltd. | SME | ₹26.99 Cr | ₹40 | null | ₹38.00 | -5.00% | ₹0.42 (+0.00%) |
| Vera Synthetic Ltd. | SME | ₹5.34 Cr | ₹40 | null | ₹44.30 | +10.75% | ₹65.55 (-5.00%) |
| Angel Fibers Ltd. | SME | ₹18.22 Cr | ₹27 | null | ₹27.10 | +0.37% | ₹10.60 (+7.61%) |
| Gujarat Hy-Spin Ltd. | SME | ₹4.45 Cr | ₹10 | null | ₹10.81 | +8.10% | ₹9.36 (+4.00%) |
| S K S Textiles Ltd. | SME | ₹13.32 Cr | ₹150 | null | ₹133.35 | -11.10% | (+0.00%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Net Incremental Working Capital Requirement | 10.00 |
About Axita Cotton IPO
Incorporated in 2013, Gujarat based Axita Cotton Limited is a company engaged in the manufacturing & export of cotton bales & cotton seeds. The company also does ginning and pressing of Kapas on a job work basis. It is a TUF (Technical upgradation fund ) Approved by Textile ministry of India- Govt. of. India).The company's production facility is located at Kadi in Mahesana District of Gujarat state. It has installed 48 Ginning and Pressing machines with a capacity of processing 87,600 MTof seed cotton annually.From 2016-17, Axita Cotton commenced exporting its products directly to Bangladesh, Pakistan, and Vietnam. During 2016, the promoters of the company floated a new company named, Axita Exports Private Limited ("AEPL"), a group company, with the aim to export cotton bales to various countries. AEPL exports cotton bales purchased from the company. It also purchases and exports cotton bales from other suppliers.The company's revenue from operations reached to Rs 12327.02 Lakhs in 2017-18 from Rs 1736.08 Lakhs in 2013-14. Axita Cotton has 23 permamnent employees in various departments.+ Read More
Contact Details
Axita Cotton Ltd. AddressSurvey No.324, 357, 358Kadi Thol Road, BorisanaKadi, MahesanaKadi, Gujarat, 382715+91 63587 47514cs@axitacotton.comVisit Website