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Open
27 Dec, 2019 to 3 Jan, 2020
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Close
27 Dec, 2019 to 3 Jan, 2020
3
Allotment
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Listing
Mon, Jan 13, 2020
Price Band
₹24 per share
Issue Size
15,96,000 shares (agg. up to ₹4 Cr)
Lot Size
6,000 Shares
Listing Date
Mon, Jan 13, 2020
✦ AI Insight
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 2.83x |
Restated Financials (₹ Cr.)
| Period Ended | 30 Jun 2019 | 31 Mar 2019 | 31 Mar 2018 | 31 Mar 2017 |
|---|---|---|---|---|
| Assets | 19.70 | 13.50 | 10.19 | 4.70 |
| Total Income | 4.54 | 22.02 | 18.47 | 4.46 |
| Profit After Tax | 0.34 | 0.60 | 0.17 | 0.02 |
| NET Worth | 5.05 | 4.73 | 4.13 | 3.96 |
| Reserves and Surplus | 0.64 | 4.33 | 3.72 | 3.55 |
| Total Borrowing | 8.57 | 2.91 | 0.21 | |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Axita Cotton Ltd. | SME | ₹10.51 Cr | ₹60 | null | ₹62.10 | +3.50% | ₹7.40 (-1.33%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To acquire the Machinery | 0.59 |
| 2 | To meet Working Capital Requirements | 2.50 |
| 3 | General corporate purpose and | 0.44 |
| 4 | To meet the issue expenses | 0.30 |
About Vaxtex Cotfab IPO
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 Strengths1. Strategic location advantage in Ahmedabad, Gujarat2. Experienced promoters3. Strong technical capabilities for maintaining high product quality4. Sound financial track record with revenues showing an increase of 581.84% and313.99% in 2016-17 and 2017-18.+ Read More
Contact Details
Vaxtex Cotfab Ltd. AddressSurvey No 230 Opp Mariya ParkB/h Ranipur VillSaijpur-NarolAhmedabad, Gujarat, 3802409724496973vaxtexcotfab@gmail.comVisit Website