Vaxtex Cotfab IPO is all about to make its debut on 27 Dec 2019, with an issue size of 3.83CR. Vaxtex Cotfab Ltd, a company situated in Ahmedabad, was founded in 2005 and specializes in trading and textile processing. Grey fabrics are processed (dyed and finished) by the company for use in shirts, suits, and other accessories. It also performs outsourcing work for other textile and apparel businesses.
In Gujarat’s Narol neighborhood of Ahmedabad, Vartex includes processing and packing, and storage facilities. With an installed capacity of 12,00,000 meters/month, the processing unit can process a wide range of textiles consisting of natural and synthetic fibers, with a focus on 100% cotton, Giza & Supima cotton blended fabrics, polyester viscose, and polyester cotton. The business accepts brand-related corporate orders for finished fabrics.
Industry Overview
The textile industry is a vast and diverse sector that involves the production, processing, and distribution of fibers, yarns, fabrics, and clothing. It includes various segments such as cotton, silk, wool, synthetic, and technical textiles. The industry has a significant impact on the global economy and provides employment to millions of people worldwide.
In terms of growth, the textile industry has seen moderate growth over the past few years. The growth is driven by increasing demand from emerging economies, technological advancements, and the rising awareness of sustainable and eco-friendly products.
Vaxtex Cotfab IPO Details
| IPO Date | Dec 27, 2019 to Jan 3, 2020 |
| Listing Date | Monday, January 13, 2020 |
| Face Value | ₹10 per share |
| Price | ₹24 per share |
| Lot Size | 6000 Shares |
| Issue Size | 1,596,000 shares of ₹10(aggregating up to ₹3.83 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
Vaxtex Cotfab IPO Tentative Timetable.
| Event | Tentative Date |
| Opening Date | Dec 27, 2019 |
| Closing Date | Jan 3, 2020 |
| Basis of Allotment | Jan 8, 2020 |
| Initiation of Refunds | Jan 9, 2020 |
| Credit of Shares to Demat | Jan 10, 2020 |
| Listing Date | Jan 13, 2020 |
Company Financials
| Particulars | For the year/period ended (Rs in Lakhs) | ||||
| 30-Jun-19 | 31-Mar-19 | 31-Mar-18 | 31-Mar-17 | ||
| Total Assets | 1,969.99 | 1,350.29 | 1,018.76 | 470.00 | |
| Total Revenue | 454.46 | 2,201.80 | 1,846.63 | 446.06 | |
| Profit After Tax | 33.58 | 60.20 | 17.09 | 1.85 |
Objects of the Issue
The company proposes to utilize the net proceeds towards the following objects:
1. To acquire the Machinery- 59.40 lakhs
2. To meet Working Capital Requirements- 250 lakhs
3. General corporate purpose- 43.60 lakhs
4. To Meet the Issue Expenses- 30.04 lakhs
Vaxtex Cotfab IPO Prospectus
Company Contact Information
Vaxtex Cotfab Limited
Survey No 230 Opp Mariya Park
B/h Ranipur Vill Saijpur-Narol
Ahmedabad – 382405, Gujarat, India.
Phone: 91-9724496973/9727123004
Email: vaxtexcotfab@gmail.com
Website: http://www.vaxtexcotfab.com
Vaxtex Cotfab IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: investor@bigshareonline.com
Website: https://www.bigshareonline.com/
Vaxtex Cotfab IPO Lead Manager(s)
- CapitalSquare Advisors Pvt. Ltd. (Past IPO Performance)
