Vaxtex Cotfab Ltd

About the Company:

Vaxtex Cotfab is engaged in the business of trading in various types of fabrics and supplies to garments manufacturers and very small fabric traders.

Company is mainly doing job work for various clients, where-in, the client provides their grey fabric and company process the same and give finished fabrics to the client.

Company also does processing own fabric in small quantity and selling it in the market. Once, demand for company owned fabric picks-up, company would focus more on sale of own fabrics and reduce the proportion of job work.

Company is engaged in the Processing (dyeing and finishing) of grey fabrics for shirting, suiting, and other accessories and also on outsourcing basis for other fabric / garment companies.

Company has an installed capacity of 12,00,000 mtrs / month for processing of various fabrics from natural and man -made fibres specializing in 100% cotton, Giza & Supima cotton blended fabrics, polyester viscose and polyester cotton.


In the trading activity, Company deals mainly in the following products:

  • 100% Cotton fabric,
  • Poly cotton fabrics
  • Poplin fabrics
  • Satin fabrics
  • Oxford fabrics
  • Suiting fabrics.


Breakup of Revenue: (percentage-wise)


Management Team:

  1. Mr. Khushant Gupta (Designation: Managing Director)
  2. Mr. Mithleshkumar M. Agrawal (Designation: Non-Executive Director)


Objectives of the Issue:

  • To acquire the Machinery.
  • To meet Working Capital Requirements.
  • General corporate purpose.
  • To Meet the Issue Expenses


Financials of the Company:

(in Crores) FY 17 FY 18 FY 19 30th June 19
Revenue 4.46 18.46 22.01 4.54
Net Profit 0.01 0.17 0.60 0.33


Valuation of Peer Group Companies:

Company Name Face Value EPS PE Ratio RoNW (%) NAV
Vaxtex Cotfab Limited 10 1.36 17.65 12.73 14.76
SKS Textiles Ltd 10 7.15 5.49 579 123.15
Jakharia Fabric Ltd 10 9.16 19.65 7.85 108.42


IPO Details:

Details Info
Issue Opens on 27th December 2019
Issue Closes on:. 3rd January 2020
Issue Price Rs.24
Face Value Rs.10
Minimum Lot 6000
Minimum Investment Rs.1,44,000
Issue Constitutes 26.50%
Issue Size Rs.3.83 cr
Market Cap Rs.14.45 cr
Listing at NSE SME
Equity Shares Offered (Fresh) 15,96,000
Equity Shares Prior to the Issue 44,27,500
Equity Shares after the issue 60,23,500


IPO Valuation Parameters:

Earnings Per Share (EPS) Price To Earnings ratio (PE) Return on Net Worth (RoNW) Net Asset Value (NAV)
1.36 17.65 12.73% 14.76


Check IPO Allotment Status:

Bigshare Website (Click on the below Link)



Company Contact Info:
Vaxtex Cotfab Limited
Survey No. 230,
Opp. Mariya Park, B/h. Ranipur Village,
Saijpur – Gopal, Narol,
Ahmedabad – 382405, Gujarat, India.
Telephone: 9724496973/9727123004


IPO Registrar Info:
Address: 1ST Floor,
Bharti Tin Work Building, Opp Vasant Oasis,
Makwana Road, Marol, Andheri ( E ) Mumbai: 400059
Tel No: +91 020-62638200
Email Id:


Lead Manager to the Issue:
208, 2nd Floor, AARPEE Center, MIDC Road No 11,
CTS 70,Andheri (E ),Mumbai 400093 Maharashtra. India
Tel: +91-22-66849999 Fax: +91-22-66849998
Email Id: