IPO Synopsis
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Axita Cotton Ltd
Registered Office:
Survey No 324,357,358,Kadi Thol Road Borisana Kadi,
Mahesana - 382715,
Gujarat, India.
Public issue of 17,52,000 equity shares of face value of (Rs) 10 each of Axita Cotton Limited ("axita" or the "company" or the "issuer") for cash at a price of (Rs) 60 per equity share including a share premium of (Rs) 50 per equity share (the "issue price") aggregating to (Rs) 10.51 Crores ("the issue"), of which 92,000 equity shares of face value of (Rs) 10 each for cash at a price of (Rs) 60 per equity share including a share premium of (Rs) 50 per equity share aggregating to (Rs) 0.55 Crores will be reserved for subscription by market maker to the issue (the "market maker reservation portion"). The issue less the market maker reservation portion i.e. Net issue of 16,60,000 equity shares of face value of (Rs) 10 each at a price of (Rs) 60 per equity share including a share premium of (Rs) 50 per equity share aggregating to (Rs) 9.96 Crores is herein after referred to as the "net issue". The issue and the net issue will constitute 26.74% and 25.34% respectively of the post issue paid up equity share capital of the company. The face value of the equity shares is (Rs) 10 each and the issue price is (Rs) 60. The issue price is 6 times of the face value.
Issue
Money Payable On
Opens On
Closes On
Application
Allotment
27-Dec-18
02-Jan-19
60.00-0.00
0.00-0.00
Minimum Application for shares in Nos : 2000   Further Multiples of : 2000
 
(Rs.Cr)
Lead Managers to the Issue
Project Cost
10.51
Beeline Broking Ltd
Project Financed through Current Offer
10.51
 
Post Issue Equity Share Capital
6.55
 
Issue Price
60.00
 
Projects
Net Incremental Working Capital Requirement
Promoted By
Nitinbhai Govindbhai Patel
Kushal Nitinbhai Patel
Amitkumar Govindbhai Patel
Listing At
BSE - SME
Registrar to the Issue
Link Intime India Pvt Ltd
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