Vaxtex Cotfab Limited IPO
(i) They are engaged in the business of Textile processing of fabric and trading. The Company is engaged in the Processing (dyeing and finishing) of grey fabrics for shirting, suiting, and other accessories and also on outsourcing basis for other fabric/garment companies.
(ii) They have an installed capacity of 12,00,000 meters/month for processing of various fabrics from natural and man-made fibers specializing in 100% cotton, Giza & Supima cotton blended fabrics, polyester viscose, and polyester cotton. The Company procures Grey fabrics and processes it into Finish Fabric as per the client’s requirement.
(iii) In the year 2017, the Company has procured machines with the latest technology for processing of fabrics and also consequently increased the installed capacity.
(iv) The processing unit is located at Narol, Ahmedabad in Gujarat and the majority of the manufactured goods are dispatched from this unit itself. They also have a Packing and Storage unit at a nearby place to the unit, Narol, in Gujarat and they also dispatch the Stocked goods and certain outsourced processed goods from this unit.
The textile sector in India is going through a very bad phase. The SMEs which are listed in the past year are reeling under huge pressure and has made the loss to investors.
Objects of the Vaxtex Cotfab Limited IPO:
Vaxtex Cotfab Limited IPO Details:
|Open Date:||Dec 27 2019|
|Close Date:||Jan 03 2020|
|Face Value:||₹ 10 Per Equity Share|
|Issue Type:||Fixed Issue|
|Issue Size:||3.83 Cr.|
|Lot Size:||6000 Shares|
|Issue Price:||₹ 24 Per Equity Share|
|Listing At:||NSE Emerge|
|Listing Date:||Jan 13 2020|
Promoters And Management:
Financials of Vaxtex Cotfab Limited IPO:
Recommendation on Vaxtex Cotfab Limited IPO:
Lead Manager of Vaxtex Cotfab Limited IPO:
Registrar of Vaxtex Cotfab Limited IPO:
Bid Details of Vaxtex Cotfab Limited IPO as on
03-Jan-2020 16:55:00 IST
|Category||No.of shares offered||No. of shares bid|