Axita Cotton IPO: Axita Cotton Limited is issuing its IPO (Initial Public Offering) from 27-Dec-2018 to 02-Jan-2019.
Axita Cotton IPO Details
| Issue Type | Fixed Price Issue IPO |
|---|---|
| Issue Open | 27-Dec-2018 |
| Issue Closes | 02-Jan-2019 |
| Face Value | Rs 10 per Equity Share |
| Issue Price | Rs 60 per Equity Share |
| Issue Size | 17,52,000 Equity Shares (Rs 10.51 Crores) |
| Minimum Order | 2000 Shares |
| Listing | BSE SME |
Axita Cotton IPO: Objects of the Issue
The proceeds of the Issue, after deducting Issue related expenses, that is estimated to be Rs 1000 Lakhs, will be utilized towards the following:-
- Net Incremental Working Capital Requirement
Company Details
Axita Cotton Limited was incorporated in the year 2013 in Gujarat by Mr Nitin Patel and Kushal Patel. It is a is TUF (Technical upgradation fund ) Approved by Textile ministry of India- Govt. of. India approved Ginning Pressing Company. They are engaged in the manufacturing and export of Kapas, cotton bales and cotton seeds. The company exports its products to foreign countries namely Pakistan, Bangladesh, Vietnam, and China.
The company is spread over 12000 square yards and equipped by the latest machinery & technology for ginning and pressing cotton.
Promoters: Mr Nitinbhai Govindbhai Patel, Mr Kushal Nitinbhai Patel, and Mr Amitkumar Govindbhai Patel.
Address of the Company: Servey No. 324, 357, 358, Kadi Thol Road, Borisana, Kadi, Mahesana-382715, Gujarat.
Email ID: cs@axitacotton.com
Website: www.axitacotton.com
Lead Manager to the Axita Cotton IPO Issue
Beeline Broking Limited
Address: Office No. 1 To 3, Vishwa Complex, First Floor, Opp. Jain Derasar, Navrangpura, Ahmedabad – 380 009.
Telephone: +91 79 6817 4040
Email Id: mb@beelinebroking.com
Registrar to the Axita Cotton IPO Issue
Link Time India Private Limited
Address: C-101, 1st Floor, 247 Park, Lal Bahadur Shastri Marg, Vikhroli (West), Mumbai – 400 083, Maharashtra.
Telephone: +91 22 4918 6200
Email Id: axita.ipo@linkintime.co.in
Please go through this prospectus for more detailed information.
(Read: IPO process in India Steps)
Disclaimer: This post is just an information about the issue. It does not give any advice or recommendation. Investments into securities are subject to market risk. Please read the offer document carefully before investing. It is also advised to consult your financial advisor of necessary suggestions.
Tags: #IPO #Stock Market #Axita Cotton IPO #investments
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