Axita Cotton Buyback 2023 Record Date, Buyback Price, Entitlement Ratio

Axita Cotton Buyback 2023

Axita Cotton Buyback 2023 description – Incorporated in 2013, Axita Cotton is in the business relating to the production of Cottom Bales and Cotton Seeds. The company mainly produces two varieties of cotton bales namely Shankar-6 and MCU-5/MECH. It also does gin, pressing, and trading of Kapas on a job-work basis. It also produces Specialty Cotton which includes BCI Cotton, Organic Cotton, and Primark Sustainable Cotton.

The production unit of Axita Cotton is situated in Kadi, Gujarat. The products of the company are widely marketed and sold in the state of Gujarat, Maharashtra, Rajasthan, and Madhya Pradesh.

Axita Cotton Buyback

Axita Cotton Share Buyback 2023 Details

Axita Cotton Buyback Dates8 – 14 June 2023
Axita Cotton Buyback Price INR 56 per share
Market Price on Buyback ApprovalINR 28.44 per share
Buyback Premium on Market Price96.91%
Buyback Offer Size (Shares)9,00,000 shares
Buyback Offer Size (Amount)INR 5.04 crore
Offer TypeTender
Promoter ParticipationYes
Face Value INR 1 per share
Listing AtBSE, NSE

Axita Cotton Buyback Dates (Timeline)

Board Meeting Intimation for Buyback Proposal18 May 2023
Buyback Approval Date23 May 2023
Public Announcement of Buyback26 May 2023
Axita Cotton Buyback Record Date2 June 2023
Buyback Opening Date8 June 2023
Buyback Closing Date14 June 2023
Cut-off Date to receive completed tender forms by Registrar14 June 2023
Verification Date by the Registrar21 June 2023
Return of unaccepted shares by Registrar21 June 2023
Extinguishment of accepted shares3 July 2023

Axita Cotton Buyback 2023 Documents

Letter of Offer
Public Announcement
Board Approval
Upcoming Share Buyback

Axita Cotton Buyback Entitlement Ratio

Shareholder CategoryEntitlement RatioEntitlement Ratio (in %)
Small Shareholders
(less than INR 2 Lakh on record date)
General category
(for all other Eligible Shareholders)

Small Shareholder is defined as shareholder who holds shares worth less than INR 2,00,000 as on record date.

Axita Cotton Financial Performance

FY 2021FY 2022FY 2023
Total Expenses613.06809.64533.70
Net income 3.7314.5417.04
Figures in INR crore unless specified otherwise
All figures Standalone Data

Calculation of Investment in Buyback

Maximum market value of a share holder as on record dateINR 2,00,000
Buyback price per shareINR 56
Maximum shares for small shareholder (2,00,000/56)3,572 shares *
Closing price of stock as on 23 May 2023INR 28.44**
Maximum amount invested in buyback (INR 28.44 x 3,572 shares)INR 1,01,587.68
* No. of shares stands to change according to the closing price on record date
** For simplicity, we have considered price on buyback approval date

Axita Cotton Buyback Profit Guidance

Shares Tendered Buyback EntitlementAcceptance ratioBuyback ProfitProfit in %
3,5721919 (100%)523.640.52
3,5721938 (200%)1,047.281.03
3,5721957 (300%)1,570.921.55

Registrar of Axita Cotton Buyback 2023

D-153 A, 1ST Floor, Okhla Industrial Area,
Phase- I, New Delhi- 110020
Phone: +91 -11 – 40450193-197
Email: [email protected]

Manager of Axita Cotton Buyback 2023

B 1311-1314 Thirteenth Floor,
Shilp Corporate Park, Rajpath Rangoli Road,
Thattej, Ahmedabad, Ahmadabad City, Gujarat – 380054
Email: [email protected]

Process to Participate in Axita Cotton Buyback

All eligible shareholders of the company who own shares in the physical or demat form on the record date may participate in the buyback offer through their stockbroker. The eligible shareholders who hold the shares in demat form must notify their brokers of the details of the equity shares that they wish to tender in the buyback offer.

The shareholder must transfer the tendered shares to the clearing corporation’s Special account. The broker would place a buyback order on the stock exchange.

The eligible shareholders who own the shares in physical form must present their broker with the original share certificates and supporting documents. After complete document verification, the broker places an order on the stock exchange and submits the original share certificate and TRS (Transaction Registration Slip) to the registrar.

Frequently Asked Questions

What are Axita Cotton buyback dates?

Axita Cotton share buyback opens on 8 June 2023 and closes on 14 June 2023.

Which type of buyback is Axita Cotton buyback offer?

Axita Cotton buyback is a tender offer.

What is Axita Cotton buyback price?

Axita Cotton buyback price is INR 56 per share.

What is Axita Cotton buyback record date?

Axita Cotton buyback record date is 2 June 2023.

How to participate in Axita Cotton share buyback?

Axita Cotton share buyback will be conducted through the tender process and investors who hold the shares on record date can place orders through their broker.


Please enter your comment!
Please enter your name here