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Axita Cotton Ltd - IPO

Issue Type

Fixed Price - SME

Issue Size (₹ Cr.)

₹ 10.51

Price Range (₹)

₹ 60

Lot Size

2000

Min Investment (₹)

₹ 1,20,000.00

Listing Exchange

BSE - SME

Open Date

27-Dec-2018

Close Date

02-Jan-2019

Listing Date

10-Jan-2019

Axita Cotton Ltd News

Price Performance

1 Week-1.10
1 Month-9.84
3 Month-28.28
6 Month-30.30
1 Year-37.22
3 Year204.71

Axita Cotton Ltd IPO Details

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.

Objective of issue

Net Incremental Working Capital Requirement.

Axita Cotton Ltd Contact Details

Axita Cotton Ltd, C-101 247 Park, L B S Marg, Vikhroli West, Mumbai-400083

Phone - 91-22-49186000

Fax - 91-22-49186060

Email - cs@axitacotton.com

Website - www.axitacotton.com