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.
| Bidding Dates |
|---|
| 27 Dec 2019 - 03 Jan 2020 |
| Subscription |
|---|
| 2.86x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,44,000 | 1 | 1 | 6000 | 1.6 M | ₹24 | 73.5 % | ₹38.3 M | RHP DOC |
Vaxtex Cotfab IPO SUBSCRIPTION STATUS
03 Jan '20Vaxtex Cotfab IPO overall subscription rate was 2.86 times the total available shares
Vaxtex Cotfab IPO retail subscription rate was 3.97 times in the retail segment
Vaxtex Cotfab IPO non-institutional investor subscription rate was 1.75 times in the non-institutional investor category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 50% | 50% | - |
01 Jan 2020 (Day 4) | 1.23x | 0.75x | - |
02 Jan 2020 (Day 5) | 2.05x | 1.42x | - |
03 Jan 2020 (Day 6) | 3.97x | 1.75x | - |
27 Dec 2019 (Day 1) | 0.25x | 0.05x | - |
30 Dec 2019 (Day 2) | 0.59x | 0.22x | - |
31 Dec 2019 (Day 3) | 0.89x | 0.29x | - |
Vaxtex Cotfab FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) |
| 3MFY20 | 3.4 | 45.4 | -36.5 | -40.8 |
| FY19 | 6.0 | 219.7 | 17.2 | 15.1 |
| FY18 | 1.7 | 184.7 | 15.1 | 0.7 |
| FY17 | 0.2 | 44.3 | -34.1 | -37.8 |
Vaxtex Cotfab IPO SUBSCRIPTION STATUS DETAILS
Vaxtex Cotfab had 1.6 M shares on offer
Vaxtex Cotfab IPO offer price was ₹24
Vaxtex Cotfab IPO minimum Investment was ₹144000
Vaxtex Cotfab IPO issue size was ₹ 38.3 M
Vaxtex Cotfab had a minimum lot size of 6000 Shares per application
Vaxtex Cotfab NUMBER OF SHARES ON OFFER
Vaxtex Cotfab IPO IMPORTANT DATES
| Issue Open Date | 27 Dec 2019 |
| Issue close Date | 03 Jan 2020 |
| Allotment Date | 08 Jan 2020 |
| Refund Date | 09 Jan 2020 |
| Demat Account Credit Date | 10 Jan 2020 |
| Listing Date | 13 Jan 2020 |
| Listing on Exchange(s) | NSE |
| Vaxtex Cotfab Allotment Status | Exchange |
Vaxtex Cotfab IPO subscription opened on 27 Dec 2019, and closed on 03 Jan 2020
IPO allotment for Vaxtex Cotfab was finalized on Wednesday, 08 Jan 2020
IPO listing for Vaxtex Cotfab was on NSE on Monday, 13 Jan 2020
Vaxtex Cotfab IPO LISTING GAINS
| Issue Price (adjusted) | 1.4 |
| Listing Open Price | 24.1 |
| Listing Close Price | 24.8 |
| Listing Gain% | 0.4% |
| Current Gain% | 2.1% |
Vaxtex Cotfab Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Vaxtex Cotfab Ltd. | 1.5 | 0.9 | 5.1 | 0 | 2.4 | 24.6 | 15 | 14.4 | 126 | 5.5 | 525.3 | 0.3 | 414.6 |
| KPR Mill Ltd. | 1096.5 | 37479.9 | 41.1 | 3.9 | 5.5 | 15.2 | 12.7 | 6784.3 | 5 | 866.5 | 6.3 | 26.7 | 10.7 |
| Vardhman Textiles Ltd. | 596 | 17252.8 | 20.3 | -43 | 1.7 | 7.1 | 5.4 | 10092.5 | -0.3 | 745.2 | -15.6 | 29.3 | -0.5 |
| Arvind Ltd. | 567.6 | 15442.4 | 37.3 | 2.2 | 1.7 | 10.2 | 4.7 | 9359.5 | 11.5 | 413.9 | 17.1 | 15.2 | 17.1 |
| Welspun Living Ltd. | 159.7 | 15313.8 | 74.9 | -1.1 | 1.6 | 4.2 | 2 | 9467.9 | -11.5 | 204.4 | -68 | 2.1 | -68 |
| Trident Ltd. | 24.8 | 12653.3 | 32 | -3.4 | 1.9 | 7.9 | 5 | 6775.2 | -3.9 | 377.1 | 2 | 0.8 | -9.4 |
Vaxtex Cotfab INFORMATION ON IPO ISSUE
About Vaxtex Cotfab
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.
Object of the Issue
- To acquire the machinery
- To meet working capital requirements
- General corporate purpose
- To meet the issue expenses
Vaxtex Cotfab - PROMOTERS
| Name |
|---|
| Khushant Gupta |
| Mithleshkumar M Agrawal |
| Qmin Pharma Private Limited |
| Miracle Stores Private Limited |
Vaxtex Cotfab Lead Manager to the issue
Capital Square Advisors Pvt. Ltd.
mbd@capitalsquare.in
Vaxtex Cotfab Registrar to the Offer
Bigshare Services Private Limited
ipo@bigshareonline.com
Vaxtex Cotfab Strengths
Management Expertise
With combined business acumen and innovative approach, Promoters have over the years, expanded its scale of operations. The company is managed by a team of experienced and professional personnel. The team comprises of personnel having technical, operational and business development experience
Established marketing setup and diversified Customer Base
The company was incorporated in the year 2005 and presently is engaged in the manufacturing of fabrics and trading of the finished fabric. It has an efficient sales & marketing team. The marketing team consists of well-experienced and qualified people to develop maintain and increase relations with customers. The marketing team also plays an important role in the development of new products based on their study and feedback on the latest industrial needs
Vaxtex Cotfab Risks
Outstanding legal proceedings
There are outstanding legal proceedings involving the company, these proceedings are pending at different levels of adjudication before various courts, inquiry officers and appellate forums and such proceedings could divert management time and attention and consume financial resources in their defence
Certain approvals and licenses required
The company requires certain approvals and licenses in the ordinary course of business and is required to comply with certain rules and regulations to operate business, and the failure to obtain, retain and renew such approvals and licenses or comply with such rules and regulations and the failure to obtain or retain them in a timely manner or at all may adversely affect operations
IPO FAQs
Vaxtex Cotfab Ltd. IPO listing opened at Rs 24.10 while the issue price was Rs 24.00 giving 0.42% returns. After adjusting for subsequent bonus and splits, the stock trades at Rs 1.44 giving 2.08% gains since its IPO listing.
The promoters of the company are Khushant Gupta, Mithleshkumar M Agrawal, Qmin Pharma Private Limited and Miracle Stores Private Limited.
The category allocation of qualified institutional buyers is 0.0%, the category allocation of non individual investors or high networth individuals is 50.0% and for retail investors it is 50.0%.
The price band of the IPO is Rs 24.0 - 24.0.
The IPO application opens on Dec 27, 2019 and closes on Jan 03, 2020.
The minimum lot size for the IPO is 6000. The maximum lot size for the IPO is 6000.
For all category investors, the minimum application amount for this IPO is Rs. 144,000.0, the maximum value for this IPO is Rs 144,000.0.
This IPO will be allotted on Jan 08, 2020.
The refund will be credited to your account on Jan 09, 2020.
The allotted shares will be credited to your demat on Jan 10, 2020.
Vaxtex Cotfab Ltd.’s shares listed on the stock exchanges on Jan 13, 2020.