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:
- Mr. Khushant Gupta (Designation: Managing Director)
- 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)http://www.bigshareonline.com/bssipoapplicationstatus.aspx |
| 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 Email id:vaxtexcotfab@gmail.com Website: www.vaxtexcotfab.com |
| IPO Registrar Info: |
|---|
| BIG SHARE SERVICE PRIVATE LIMITED Address: 1ST Floor, Bharti Tin Work Building, Opp Vasant Oasis, Makwana Road, Marol, Andheri ( E ) Mumbai: 400059 Tel No: +91 020-62638200 Email Id: ipo@bigshareonline.com Website: www.bigshareonline.com |
| Lead Manager to the Issue: |
|---|
| CAPITALSQUARE ADVISORS PRIVATE LIMITED 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: mbd@capitalsquare.in Website: www.capitalsquare.com |
