Vaxtex Cotfab IPO description – Vaxtex Cotfab is 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. The company has an installed capacity of 12,00,000 mtrs / month for processing of various fabrics from natural and man -made fibres specializing in 100% cotton, Giza & Supima cotton blended fabrics, polyester viscose and polyester cotton.
Its processing unit is located at Narol, Ahmedabad in Gujarat and majority of the manufactured goods are dispatched from this unit. The company also has a Packing and Storage unit at nearby place to its unit, Narol, in Gujarat and it dispatches the Stocked goods and certain outsourced processed goods from this unit.
Vaxtex Cotfab promoters – Mr Khushant Gupta, Mr Mithleshkumar M Agrawal, M/s Qmin Pharma Private Limited, and M/s Miracle Stores Private Limited
Vaxtex Cotfab – Upcoming IPO details
| Subscription Dates | 27 December 2019- 3 January 2020 |
| IPO Price band | INR24 per share |
| Fresh issue | 1,596,000 shares (INR3.83 crore) |
| Offer for sale | Nil |
| Total IPO size | 1,596,000 shares (INR3.83 crore) |
| Minimum bid (lot size) | 6,000 shares |
| Face Value | INR10 per share |
| Retail Allocation | 50% |
| Listing On | NSE Emerge SME platform |
Use of funds
- Acquiring Machinery – INR0.59 crore
- Working Capital Requirements – INR2.50 crore
- General Corporate Purposes – INR0.44 crore
- Issue Expenses – INR0.30 crore
Vaxtex Cotfab’s financial performance (in INR lakh)
| FY2017 | FY2018 | FY2019 | Q1 FY2020 | |
| Total revenue | 446.1 | 1,846.6 | 2,201.8 | 454.5 |
| Total expenses | 442.2 | 1,819.6 | 2,114.1 | 408.4 |
| Profit after tax | 1.9 | 17.1 | 60.2 | 33.6 |
Vaxtex Cotfab Contact Detail
Vaxtex Cotfab LimitedÂ
Survey No. 230, Opp. Mariya Park
B/h. Ranipur Village, Saijpur – Gopal, Narol
Ahmedabad – 382405, GujaratÂ
Phone:Â +91 9724496973
Email:Â [email protected]
Website:Â www.vaxtexcotfabltd.com
Vaxtex Cotfab IPO Subscription Details
| Day | Subscription (no. of times) |
| Day 1 | 0.15 |
| Day 2 | 0.40 |
| Day 3 | 0.59 |
| Day 4 | 0.99 |
| Day 5 | 1.73 |
| Day 6 | 2.86 |
Vaxtex Cotfab Valuation (For FY2019)
Earnings Per Share (EPS): INR1.36
Price/Earnings (P/E) ratio: 17.65
Return on Net Worth (RONW): 12.73%
Net Asset Value (NAV): INR10.69 per share
Registrar of Vaxtex Cotfab IPO
Bigshare Services Private LimitedÂ
E2, Ansa Industrial Estate, Sakivihar Road,
Sakinaka, Andheri (E)
Mumbai – 400 072Â
Phone:Â +91 22Â 4043 0200Â
Fax:Â +91 22Â 2847Â 5201
Email:Â [email protected]
Website:Â www.bigshareonline.com
Vaxtex Cotfab IPO Allotment Status
Vaxtex Cotfab IPO allotment status is now available on Bigshare Services’ website. Click on this link to get allotment status.
Listing performance of Vaxtex Cotfab
IPO Opening Date: 27 December 2019
IPO Closing Date: 3 January 2020
Finalisation of Basis of Allotment: 8 January 2020
Initiation of refunds: 9 January 2020
Transfer of shares to demat accounts: 10 January 2020
Listing Date: 13 January 2020
Listing Price on NSE SME: INR24.1 per share (up 0.42% from IPO price)
Closing Price on NSE SME:Â INR24.8 per share (up 3.33% from IPO price)
Hi all,
Vaxtex IPO review :
Company has a significant YOY growth in revenue and profit. Good asset base, Fundaments seem positive for the company. Apply for 6-8 months holding only.
Hello All,
Vaxtex Cotfab Limited Ipo Review.
Company has shown a rapid growth in last 3 year. Company’s revenues have shown a significant growth in their revenue. Company has good client base which give a progressive growth rate. Management is experienced and holding company of this company has a sound track record.
Conclusion :
Subscribe for long term.
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