Axita Cotton Limited IPO
The Company is founded by Mr. Nitin Patel & Kushal Patel. They are engaged in manufacturing & export of best quality cotton bales & cotton seeds. They are professionally managed company having large network and infrastructure in the home company is equipped with state-of-art infrastructure backed by the large and fully automatic plant for cotton to cotton bales.
Having in-depth knowledge of this business help them in delivering optimum result in specified business challenges apart from global computation with their futurist approach. This yields overall increases in turnover 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 yards and equipped by the latest machinery & technology for ginning and pressing cotton. They have more than 48 double roller ginning machine, latest Ginning machinery, approved by the government of India ministry of textiles through TUF project Using all of this machinery 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.
Objects of the Axita Cotton Limited IPO:
Axita Cotton Limited IPO Details:
Open Date: | Dec 27 2018 |
Close Date: | Jan 02 2019 |
Total Shares: | 1,752,000 |
Face Value: | ₹ 10 Per Equity Share |
Issue Type: | Fixed Price IPO |
Issue Size: | 10.51 Cr. |
Lot Size: | 2000 Shares |
Issue Price: | ₹ 60 Per Equity Share |
Listing At: | BSE SME |
Listing Date: | Jan 10 2019 |
Promoters And Management:
Financials of Axita Cotton Limited IPO:
Particulars | For the year/period ended (in Rs Lacs) | ||||
30-June-2018 | 31-Mar-18 | 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | |
Total Assets | 2,556.03 | 2,229.49 | 1,750.51 | 1,387.41 | 1,330.79 |
Total Revenue | 2,121.59 | 12,392.36 | 9,152.24 | 6,875.95 | 7,705.35 |
Profit After Tax | 32.60 | 82.13 | 2.71 | 12.46 | (28.51) |