Vaxtex Cotfab Limited IPO Detail

Company Profile

VAXTEX COTFAB LIMITED was incorporated on December 26, 2005 originally incorporated as “Foolproof Vyapaar Private Limited” later on changed to VAXTEX COTFAB LTD. Ahemdabad based company is into business of trading of fabric. They also do job work for their clients where client provides them grey fabric and they process the same for finished fabrics as per requirement with installed capacity of 12 lakh mtrs/month.

Their processing units are located at Narol, Ahmedabad in Gujrat.  Their revenue is 80% from Job work and 20% is from Processing/Manufacturing.

Company also has a dedicated in house testing and Quality control team which undertsakes rigorous testing and quality management with Semi auto and manual testing machines.


  1. Location advantage of Manufacturing and utility units
  2. Availability of Raw Material Locally
  3. Strong Technological Capabilities.
  4. Cost effective production and easy labour availability.
  5. Designs and Creativity


The Promoters of the Company are Mr Khushant Gupta, Mr Mithleshkumar M Agrawal, Qmin Pharma Private Limited and Miracle Stores Private Limited.


Rs. In Lakh
2019 2018 2017
Income 2197.27 1846.63 442.7
Expenses 2114.08 1819.58 442.22
Net Income 60.2 17.09 1.85
Income Growth 252% 824%

Objects of the Issue

  • To acquire Machinery – Rs. 59.40 Lakh
  • For Working Capital Requirements – Rs. 250 Lakh
  • General Corporate Purposes and – Rs. 43.60 Lakh
  • To meet Issue expenses – Rs. 30.04 Lakh

IPO Details

Issue Open  27 Dec’19 – 3 Jan’20 
Issue Type  Fixed Price Issue 
Issue Size  1596000 Eq Share of Rs. 10 
Issue Amt  Rs. 3.83 Cr 
Issue Value  Rs. 24 per Share 
Market Lot  6000 Shares 
Minimum order Qty  6000 Shares 
Bidding Lot Amt  (6000 X 24) = Rs. 144,000/- 
Listing Platform  NSE SME 

IPO Schedule

Bids Open Dec 27, 2019
Bids Closes Jan 3, 2020
Finalisation of basis of allotment Jan 8, 2020
Initiation of Refunds Jan 9, 2020
Credit of shares to Demat A/c Jan 10, 2020
Listing Date Jan 13, 2020

Recommendation : Avoid

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2 years ago

See video on Cnbc awaaz of this company, positive reviews:

Tosik Bhatt
Tosik Bhatt
2 years ago

See video on Cnbc awaaz of this company, positive reviews


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