Axita Cotton Limited SME IPO

Incorporated in 2013, Gujarat based Axita Cotton Limited is a company engaged in the manufacturing & export of cotton bales and cotton seeds. It is a TUF (Technical Upgradation Fund) approved by Textile ministry of India- Govt. of. India. The company's production facility is located at Kadi in Mahesana District of Gujarat state. It has installed 48 Ginning and Pressing machines with a capacity of processing 87,600 MT of seed cotton annually. AEPL exports cotton bales purchased from the company. It also purchases and exports cotton bales from other suppliers.

Company Promoters: Nitinbhai Govindbhai Patel, Kushal Nitinbhai Patel and Amitkumar Govindbhai Patel.

Issue Details

Axita Cotton Limited - SME IPO
 Issue Open  27 Dec 2018 to 02 Jan 2019 
 Issue Price  Rs 60 Per Equity Share
 Market Lot  2000 Shares 
 Issue Size  1,752,000 Equity Shares of Rs 10, up to Rs 10.51 Cr
 Face Value  Rs 10 Per Equity Share 
 Listing At  BSE SME


  Objectives 

 

 The proceeds of the Issue, after deducting Issue related expenses estimated to be Rs 1000 Lakhs will be utilized to fund the Net Incremental Working Capital Requirement of the company. 

Company Financials

Particulars  For the year/period ended (in lakh rupees) 
31-Mar-18 31-Mar-17 31-Mar-16 31-Mar-15
Total Assets  2229 1751 1387 1331
Total Revenue  12392 9152 6876 7705
Profit After Tax  82 3 12 -29

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