Business Standard

Axita Cotton Ltd - IPO

Issue Type

Fixed Price - SME

Issue Size (₹ Cr.)

10.51 cr

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

    The Shares of Axita Cotton Ltd have now been listed.

    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