Established in 2013, Axita Cotton Limited specializes in the production of Cotton Bales and Cotton Seeds. With a primary focus on two varieties of cotton bales, namely Shankar-6 and MCU-5/MECH, the company has solidified its presence in this domain.
Axita Cotton Limited boasts the prestigious ISO 9001:2015 certification, a testament to its commitment to quality. Operating from its production unit situated in Kadi, Gujarat, the company effectively caters to the market demands.
The company’s reach extends across the states of Gujarat, Maharashtra, Rajasthan, and Madhya Pradesh, where its products, including Kapas, Cotton Bales, and Cotton Seeds, find significant market traction.
Axita Cotton also actively engages in the trading of Kapas, Cotton Bales, and Cotton Seeds. Additionally, the company takes on the responsibility of ginning and pressing Kapas through a job work arrangement, further bolstering its comprehensive range of services.
- Open: ₹27.00
- High – Low: ₹27.50 – ₹27.00
- Previous Close: ₹26.35
- Total Traded Value: 7,70,364
- 52 Weeks High: ₹83.00 (Apr 28, 2023)
- 52 Weeks Low: ₹24.75 (May 19, 2023)
- Updated On: Jul 26, 2023 4:00 PM
Axita Cotton Buyback 2023 Detail #
| Issue Period | Jun 8, 2023 – Jun 14, 2023 |
| Security Name | Axita Cotton Limited |
| Issue Type | Tender Offer |
| Issue Size (Shares) | 900,000.00 |
| Issue Size (Amount) | ₹5.04 Crores |
| Buyback Price | ₹56 per share |
| Face Value | ₹1 per share |
| Listing At | BSE, NSE |
Axita Cotton Buyback 2023 Issue Timetable #
| Last Date to buy shares | Jun 1, 2023 |
| Record Date | Jun 2, 2023 |
| Offer Opens On | Jun 8, 2023 |
| Last Date for receipt of Tender Forms | Jun 14, 2023 |
| Offer Closes On * | Jun 14, 2023 |
| Finalisation of Buyback Acceptance | Jun 21, 2023 |
| Last Date for settlment of bids | Jun 21, 2023 |
| Last Date for Extinguishment of Shares | Jul 3, 2023 |
Buyback Ratio #
[.]
Company Financials #
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth |
|---|---|---|---|---|
| 31-Mar-21 | 107.23 | 618.94 | 3.73 | 21.82 |
| 31-Mar-22 | 109.10 | 830.46 | 15.41 | 36.26 |
| 31-Mar-23 | 557.62 | 17.04 | 52.37 | |
| Amount in ₹ Crore | ||||
Stock price at BSE (in preceding 3 months) #
| Month | High Price | Low Price | Average Price |
|---|---|---|---|
| Apr-2023 | 83.00 | 55.96 | 71.62 |
| Mar-2023 | 58.43 | 50.60 | 52.35 |
| Feb-2023 | 69.60 | 50.05 | 61.89 |
Necessity of the Issue #
The buyback is a capital allocation decision taken by the company. The buyback will help the company to distribute a part of the surplus cash to its shareholders holding Equity Shares thereby, optimizing returns to the shareholders and enhancing the overall shareholders’ value in the longer term, and improving the return on equity.
Axita Cotton Buyback 2023 Documents #
Company Contact Information #
Servey No. 324 357 358,
Kadi Thol Road Borisana Kadi
Mahesana- 382715Phone: +91 63587 47514
Email: cs@axitacotton.com
Website: https://axitacotton.com/
Axita Cotton Buyback 2023 Registrar #
- Skyline Financial Services Private Ltd
D-153A, 1st Floor,
Okhla Industrial Area, Phase-I,
New Delhi -110020Phone: 02228511022
Email: ipo@skylinerta.com
Website: https://www.skylinerta.com/ipo.php
Axita Cotton Buyback 2023 Manager #
Lead Manager(s)
Registered Broker
- Sunflower Broking Private Limited
Email: complianceofficer@sunflowerbroking.com
