Axita Cotton Ltd. IPO — GMP, Details & Subscription

IPO Details

Open Date

27 Dec 2018

Close Date

02 Jan 2019

Allotment

07 Jan 2019

Listing Date

10 Jan 2019

Exchange

BSE SME

Price Band

₹60

Listing Price

See chart

Allotment Status

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Price Band

₹60

Per share

Face Value

₹10 per share

Lot Size

2,000 Shares

per lot

Issue Size

17,52,000 shares (aggregating up to ₹10.51 Cr)

Total offering

Issue Type

Fixed Price IPO

Min Investment

₹120,000

1 lot

Pre-IPO Holding

48,00,000 shares

Promoters

Post-IPO Holding

65,52,000 shares

Promoters

UPI Deadline

2019-01-02

Mandate

Anchor AllotmentWed, 26 Dec 2018

Basis of AllotmentMon, 07 Jan 2019

Refund InitiationTue, 08 Jan 2019

Demat CreditWed, 09 Jan 2019

Listing DayThu, 10 Jan 2019

UPI Mandate Deadline2019-01-02

Sale TypeFresh Capital

Net Offer to Public16,60,000 shares (aggregating up to ₹9.96 Cr)

Market Maker Quota92,000 shares (aggregating up to ₹0.5520 Cr)

QIB Quota50% of Net Issue

HNI / NII Quota15% of Net Issue

Retail Quota35% of Net Issue

Check AllotmentClick here →

Subscription Rate Final

Axita Cotton Ltd. IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 02 Jan 2019.

QIB

1.00x

Over

NII/HNI

1.00x

Over

Retail

1.00x

Over

Total

1.00x

Over

Category	Subscription	Shares Offered	% of Total	Amount (₹Cr)
Market Maker	Awaited	92,000	—	₹0.55
QIB	Over 1.00x	—	—	—
NII / HNI	Over 1.00x	—	—	—
Retail	Over 1.00x	—	—	—
Total	1.00x	1,752,000	100%	₹10.51

IPO Shares Offered

Axita Cotton Ltd. IPO total issue size: ₹10.51 Cr.

Category	Shares Offered	Amount (₹Cr)	Size (%)
Market Maker	92,000	₹0.55	5.25%
Total	1,752,000	₹10.51	100.00%

* Based on upper price band ₹60 per share

Lot Size & Investment

Lot Size

2,000

Shares per Lot

Issue Price

₹60.00

Upper Band

Min Investment

₹120,000

1 Lot

Application	Lots	Shares	Amount
Retail (Min — 2 Lots)	2	4,000	₹240,000
Retail (Max — 13 Lots)	13	26,000	₹1,560,000
S-HNI (Min — 14 Lots)	14	28,000	₹1,680,000
B-HNI (Min — 68 Lots)	68	136,000	₹8,160,000

* Issue Price ₹60 × Lot Size 2,000 shares

IPO Schedule

Anchor

26 Dec 2018

✓ Done

IPO Open

27 Dec 2018

✓ Done

IPO Close

02 Jan 2019

✓ Done

Allotment

07 Jan 2019

✓ Done

Refunds

08 Jan 2019

✓ Done

Demat Credit

09 Jan 2019

✓ Done

Listing Day

10 Jan 2019

✓ Done

₹60.00

INR · BSE

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Issue ₹60.00 Live Price

About Axita Cotton Ltd.

Incorporated in 2013, Gujarat based Axita Cotton Limited is a company engaged in the manufacturing & export of cotton bales & cotton seeds. The company also does ginning and pressing of Kapas on a job work basis. It is a TUF (Technical upgradation fund ) Approved by Textile ministry of India- Govt. of. India).The company's production facility is located at Kadi in Mahesana District of Gujarat state. It has installed 48 Ginning and Pressing machines with a capacity of processing 87,600 MTof seed cotton annually.From 2016-17, Axita Cotton commenced exporting its products directly to Bangladesh, Pakistan, and Vietnam. During 2016, the promoters of the company floated a new company named, Axita Exports Private Limited ("AEPL"), a group company, with the aim to export cotton bales to various countries. AEPL exports cotton bales purchased from the company. It also purchases and exports cotton bales from other suppliers.The company's revenue from operations reached to Rs 12327.02 Lakhs in 2017-18 from Rs 1736.08 Lakhs in 2013-14.Axita Cotton has 23 permamnent employees in various departments.

Objects of the Issue

1 Net Incremental Working Capital Requirement

Axita Cotton Ltd. Financials (Amount in Lakhs)

Revenue from Operations

₹9,152.2

31-Mar-17

₹12,392.4

31-Mar-18

₹2,121.6

30-Jun-18

Profit After Tax (PAT)

₹2.7

31-Mar-17

₹82.1

31-Mar-18

₹32.6

30-Jun-18

Particulars	30-Jun-18	31-Mar-18	31-Mar-17
Revenue from Operations	2121.59	12392.36	9152.24
EBITDA	N/A	N/A	N/A
Profit After Tax (PAT)	32.60	82.13	2.71
Net Worth	N/A	N/A	N/A
Total Assets	2556.03	2229.49	1750.51
Reserves & Surplus	N/A	N/A	N/A
Borrowings	N/A	N/A	N/A
EBITDA Margin (%)	N/A	—	—
PAT Margin (%)	N/A	—	—

Issue Structure & Shareholding

Total Shares Offered17,52,000 (100.00%)

Net Offer to Public16,60,000 shares (aggregating up to ₹9.96 Cr)

Reserved for Market Maker92,000 shares (aggregating up to ₹0.5520 Cr)

Pre-Issue Promoter Holding48,00,000 shares

Post-Issue Promoter Holding65,52,000 shares

P/BV RatioN/A

RoEN/A

RoCEN/A

Debt / EquityN/A

Script CodeN/A

Registrar & Lead Managers

IPO Registrar

MUFG Intime India Pvt.Ltd.

+91-22-4918 6270

axita.ipo@linkintime.co.in

https://linkintime.co.in/Initial_Offer/public-issues.html

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Book Running Lead Managers

Beeline Broking Ltd.

GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.

IPO Subscription FAQs

How much Axita Cotton Ltd. IPO subscribed? ▲

Axita Cotton Ltd. IPO is subscribed 1.00 times by Jan 02, 2019. Retail: 1.00x. QIB: 1.00x. NII: 1.00x.

Investor Category	Subscription
Qualified Institutional (QIB)	1.00x
Non Institutional (NII/HNI)	1.00x
Retail Individual	1.00x
Total Subscription	1.00x

What is Axita Cotton Ltd. IPO retail subscription status? ▼

The Axita Cotton Ltd. IPO retail category is subscribed 1.00 times as of 02 Jan 2019. The retail portion is oversubscribed.

How to subscribe Axita Cotton Ltd. IPO? ▼

Subscribe via your broker app using ASBA or UPI. Opens 27 Dec 2018 and closes 02 Jan 2019. Min investment: ₹120,000 (1 lot = 2,000 shares). UPI mandate: 2019-01-02.

How many times Axita Cotton Ltd. IPO subscribed? ▼

The Axita Cotton Ltd. IPO subscribed 1.00x overall. QIB: 1.00x, NII: 1.00x, Retail: 1.00x. Applications: from NSE/BSE.

How to check Axita Cotton Ltd. IPO allotment? ▼

Check allotment on the registrar website (MUFG Intime India Pvt.Ltd.) at https://linkintime.co.in/Initial_Offer/public-issues.html. Enter your PAN, application number or DP/Client ID. Allotment date: 07 Jan 2019. Refunds: on 08 Jan 2019.

When Axita Cotton Ltd. IPO will be listed? ▼

The Axita Cotton Ltd. IPO listing date is 10 Jan 2019, Thursday. Listed on: BSE SME. Issue price: ₹60. Estimated listing: ₹60. GMP: NIL.

When Axita Cotton Ltd. IPO close? ▼

The Axita Cotton Ltd. IPO closes on 02 Jan 2019, Wednesday. UPI mandate: 2019-01-02. Allotment: 07 Jan 2019. Listing: 10 Jan 2019.

Quick Actions

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Live Price LIVE

Last Price₹60.00

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Issue Price₹60.00

vs Issue—

Quick Summary

StatusListed

Issue Price₹60

Face Value₹10

Lot Size2,000 Sh

Min. Amount₹120,000

GMPNIL

Est. Listing₹60

Subscribed1.00x

Open Date27 Dec 2018

Close Date02 Jan 2019

Allotment07 Jan 2019

Listing Date10 Jan 2019

ExchangeBSE SME

UPI Deadline2019-01-02