Vaxtex Cotfab Limited - SME IPO
Ahmedabad based VaxtexCotfab Limited was incorporated in 2005. The company is engaged in the Textile business of fabric processing & trading. It processes grey fabrics (dyeing and finishing) for suiting, shirting, and other accessories. The company also works on outsourcing basis for othergarment/fabric companies.
Vartex owns a Processing unit, Packing and Storage unitat Narol IN Gujarat’s Ahmedabad. Installed production capacity of the processing unit is 12,00,000 meters/monthfor processing of different types of fabrics from natural and man-made fibers. It specializes in 100% cotton, Supima& Giza cotton blended fabrics, polyester cottonand polyester viscose.Vartexundertakes corporate orders for finished fabrics from different brands. The company also has a dedicated in-house Quality Control and TestingTeam for testing and quality management.
It also has a dedicated in-house Testing and Quality Control Team which undertakes testing and quality management.
Competitive Strengths :
- Strategic location advantage in Ahmedabad, Gujarat
- Experienced promoters
- Strong technical capabilities for maintaining high product quality
- Sound financial track record with revenues showing an increase of 581.84% and 313.99% in 2016-17 and 2017-18.
Company Promoters: Mr Khushant Gupta, Mr Mithleshkumar M Agrawal, Qmin Pharma Private Limited and Miracle Stores Private Limited.
Issue Details
| Vaxtex Cotfab Limited - SME IPO | |
| Issue Open | Dec 27, 2019 - Jan 03, 2020 |
| Issue Size | 1,596,000 Eq Shares of ₹10 (aggregating up to ₹3.83 Cr) |
| Face Value | Rs 10 per Equity Share |
| Issue Price | Rs 24 per Equity Share |
| Market Lot | 6000 Shares |
| Listing At | NSE SME |
|
Objectives |
1. To acquire the Machinery- 59.40 lakhs |
Company Financials
| Particulars | For the year/period ended (in lakh rupees) | ||
| 31-Mar-18 | 31-Mar-17 | 31-Mar-16 | |
| Total Assets | 1,018.76 | 470.00 | 419.31 |
| Total Revenue | 1,846.63 | 446.06 | 65.42 |
| Profit After Tax | 17.09 | 1.85 | 0.78 |
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