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.
- Location advantage of Manufacturing and utility units
- Availability of Raw Material Locally
- Strong Technological Capabilities.
- Cost effective production and easy labour availability.
- 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|
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
|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|
|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|