Issue Price
₹24
Per Share
GMP
NIL
Grey Market
Est. Listing
₹24
Expected Price
Min. Application
₹288,000
2 lots × 6000 shares
Incorporated in 2005, Ahmedabad based Vaxtex Cotfab Limited is engaged in the business of Textile processing of fabric and trading. The Company does Processing (dyeing and finishing) of grey fabrics for shirting, suiting, and other accessories. It also works on an outsourcing basis for other fabric/garment companies.Vartex has a processing unit and a Packing and Storage unit located at Narol, Ahmedabad in Gujarat. The installed capacity of the processing unit is 12,00,000 meters/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. The company undertakes corporate orders for Finished Fabrics from brands.It also has a dedicated in-house Testing and Quality Control Team which undertakes testing and quality management.Competitive Strengths1. Strategic location advantage in Ahmedabad, Gujarat2. Experienced promoters3. Strong technical capabilities for maintaining high product quality4. Sound financial track record with revenues showing an increase of 581.84% and313.99% in 2016-17 and 2017-18.
Vaxtex Cotfab Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
| Category | Shares Offered | % Issue | Amount (₹ Cr)* | Subscription |
|---|---|---|---|---|
| Market Maker | 84,000 | — | ₹0.20 Cr | — |
| TOTAL | 1,596,000 | 100.00% | ₹3.83 Cr | — |
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 6,000 | ₹144,000 |
| Retail (Max) | 13 | 78,000 | ₹1,872,000 |
| sNII (Min) | 14 | 84,000 | ₹2,016,000 |
| bNII (Min) | 68 | 408,000 | ₹9,792,000 |
| Particulars | 30-Jun-19 | 31-Mar-19 | 31-Mar-18 |
|---|---|---|---|
| Revenue from Operations | 454.46 | 2201.80 | 1846.63 |
| EBITDA | N/A | N/A | N/A |
| Profit After Tax (PAT) | 33.58 | 60.20 | 17.09 |
| Net Worth | N/A | N/A | N/A |
| Total Assets | 1969.99 | 1350.29 | 1018.76 |
| Reserves & Surplus | N/A | N/A | N/A |
| Total Borrowings | N/A | N/A | N/A |