Vaxtex Cotfab IPO

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 Dates27 December 2019- 3 January 2020
IPO Price bandINR24 per share
Fresh issue1,596,000 shares (INR3.83 crore)
Offer for saleNil
Total IPO size1,596,000 shares (INR3.83 crore)
Minimum bid (lot size)6,000 shares
Face Value INR10 per share
Retail Allocation50%
Listing OnNSE 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)

FY2017FY2018FY2019Q1 FY2020
Total revenue446.11,846.62,201.8454.5
Total expenses442.21,819.62,114.1408.4
Profit after tax1.917.160.233.6

Vaxtex Cotfab Contact Detail

Vaxtex Cotfab Limited 
Survey No. 230, Opp. Mariya Park
B/h. Ranipur Village, Saijpur – Gopal, Narol
Ahmedabad – 382405, Gujarat 
Phone: +91 9724496973
Email: [email protected]
Website: www.vaxtexcotfabltd.com

Vaxtex Cotfab IPO Subscription Details

DaySubscription (no. of times)
Day 10.15
Day 20.40
Day 30.59
Day 40.99
Day 51.73
Day 62.86

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 Limited 
E2, Ansa Industrial Estate, Sakivihar Road,
Sakinaka, Andheri (E)
Mumbai – 400 072 
Phone: +91 22 4043 0200 
Fax: 
+91 22 2847 5201
Email:
 [email protected]
Website: 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:  INR24.8 per share (up 3.33% from IPO price)

4 COMMENTS

  1. 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.

  2. 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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