Axita Cotton Limited IPO Details

Axita Cotton Limited is TUF (Technical upgradation fund ) Approved by Textile ministry of India- Govt. of. India) approved Ginning Pressing Company. The Company is founded by Mr. Nitin patel & Kushal Patel. we engaged in manufacturing & export of best qualitycotton bales & cotton seeds. We are professionally managed company having large network and infrastructure in home company is equipped with state-of-art infrastructure backed by large and fully automatic plant for cotton to cotton bales. Having in-depth knowledge of this business help us to delivering optimum result in specified business challenges apart from global computation with our futuristic approached. This yields overall increases in turn our of company to supply good quality cotton word wide. 

Axita cotton pvt ltd is located at kadi District – mehsana (-Gujarat, India). The company is spread over 12000 square yard and equipped by the latest machineries & technology for ginning and pressing cotton. We have more than 48 double roller ginning machine, latest Ginning machineries, approved by government of India ministry of textiles through TUF project Using all of these machineries and paying more hard-work the company is now able to GIN 250000 Kg. of Raw Cotton per day. The company is also able to produce more than 500 cotton bales(170Kg) per day.

Axita Cotton Limited IPO Details
Issue Open	27-12-2018
Issue Close	02-01-2019
Allotment Date	09-01-2019
Unblocked Amount	10-01-2019
Listing Date	11-01-2019
Issue Share	17,52,000 Total Equity Share 92,000 Reserved by Market Maker 16,60,000 Equity Share
Issue Size	₹ 10.51 Cr
IPO Price Band	₹ 60
Minimum Share Bid	2000
Minimum Investment Amount [Rs]	₹ 1,20,000
Face Value	₹ 10
Retail Allocation	50%
Listing On	BSE SME

Axita Cotton Limited IPO Grey Market Premium GMP]
Latest Update	Premium	Kostak	Subject to Sauda	Recommended
27-12-2018 : 07:00 PM	-	-	-	Avoid

Axita Cotton Limited IPO Financial details [in Rs, Cr]
Financial Year	Total Assets	Total Revenue	Total Expenses	Profit After Tax
FY-2014	13.24	17.36	17.25	0.05
FY-2015	13.30	77.05	77.36	- 0.28
FY-2016	13.87	68.75	68.58	0.12
FY-2017	17.50	91.52	91.50	0.02
FY-2018	22.29	123.92	122.83	0.82
30-06-2018	25.56	21.21	20.72	0.32

Axita Cotton Limited IPO Valuation Details
Earnings Per Share [EPS]	₹ 3.29
Price/Earnings [P/E] Ratio	18.26
Return on Net Worth [RoNW]	25.97 %
Net Asset Value [NAV]	₹ 12.65 Per Share

Axita Cotton Limited IPO Subscription Details
As on Date	QIB/NII	RII	Total
Shared Offred	8,30,000	8,30,000	16,60,000
Day-1 [27-12-2018]	8,58,000 [1.03]	1,98,000 [0.23]	10,56,000 [0.63]
Day-2 [28-12-2018]	13,56,000 [1.63]	4,04,000 [0.49]	17,60,000 [1.06]
Day-3 [31-12-2018]	13,56,000 [1.63]	6,16,000 [0.74]	19,72,000 [1.19]
Day-4 [01-01-2019]	13,76,000 [1.66]	8,70,000 [1.05]	22,46,000 [1.35]
Day-5 [02-01-2019]	19,94,000 [2.40]	12,88,000 [1.55]	32,82,000 [1.98]

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Axita Cotton Limited IPO Recommendations
Live IPO Team Recommendation:- Neutral

Axita Cotton Limited IPO Contact Details
Axita Cotton Limited Servey No. 324, 357, 358, Kadi Thol Road, Borisana, Kadi, Mahesana-382715, Gujarat, India, CIN: U17200GJ2013PLC076059 E-Mail: cs@axitacotton.com Website: www.axitacotton.com

Registrar of Axita Cotton Limited IPO

LINK INTIME INDIA PRIVATE LIMITED SEBI Registration Number: INR000004058 Address: C-101, 1st Floor, 247 Park, Lal Bahadur Shastri Maarg, Vikhroli (West), Mumbai – 400 083, Maharashtra Tel. Number: +91 22 4918 6200; Fax Number: +91 22 4918 6195 Email Id: axita.ipo@linkintime.co.in Investors Grievance Id: axita.ipo@linkintime.co.in Website: www.linkintime.co.in Contact Person: Ms. Shanti Gopalkrishnan CIN: U67190MH1999PTC118368

Lead Managers of Axita Cotton Limited IPO
BEELINE BROKING LIMITED SEBI Registration Number: INM000012546 Address: Office No. 1 To 3,Vishwa Complex, First Floor, Opp. Jain Derasar, Navrangpura, Ahmedabad – 380 009 Telephone Number: +91 79 6817 4040 Email Id: mb@beelinebroking.com Investors Grievance Id: ig@beelinebroking.com Website: www.beelinebroking.com Contact Person: Mr. Vanesh Panchal CIN: U51900GJ2014PLC080598

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