Axita Cotton IPO – Upcoming IPO of Axita Cotton Limited

Axita Cotton IPO: Axita Cotton Limited is issuing its IPO (Initial Public Offering) from 27-Dec-2018 to 02-Jan-2018.

Axita Cotton IPO

Axita Cotton IPO Details
Issue Type Fixed Price Issue IPO
Issue Open 27-Dec-2018
Issue Closes 02-Jan-2018
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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