Vaxtex Cotfab Rights Issue will open for subscription from 07 August 2023. the company aims for an issue size of ₹8.71 Crores through this rights Issue.
About the company
Incorporated in 2005, Vaxtex Cotfab Limited is one of the leading textile manufacturing Companies in India. The company primarily operates from Ahmedabad, Gujarat. Vaxtex is listed on NSE Limited. Vaxtex Cotfab works with full operational efficiency having a production capacity of approximately 12 Lac meters per month. They offer suiting and shirting fabrics catering to numerous export houses, International brands, corporate buyers, domestic traders, wholesalers, and distributors. They create their products by utilizing the latest technology and machinery procured from major suppliers and distributors in India.
Objectives of the Issue
- Funding the incremental working capital requirements of the company,
- Purchase of Plant and Machinery.
Rights Issue Timetable
| Last Date to buy shares | 21 July 2023 |
| Record Date | 24 July 2023 |
| Credit of Rights Entitlements | |
| Bid/Offer Opens On | 07 August 2023 |
| Renunciation of Rights Entitlements | 14 August 2023 |
| Bid/Offer Closes On | 18 August 2023 |
| Deemed Date of Allotment | 25 August 2023 |
| Credit Date | 29 August 2023 |
| Listing Date | 31 August 2023 |
Vaxtex Cotfab Rights Issue Details
| Issue Open | Aug 7, 2023 – Aug 18, 2023 |
| Security Name | Vaxtex Cotfab Limited |
| Issue Size (Shares) | 63,145,050 |
| Issue Size (Amount) | ₹8.71 Crores |
| Issue Price | ₹2 per share |
| Face Value | ₹1 per share |
| Listing At | NSE |
| Terms of Payment | Full amount of Rs. 2/- per Equity share is payable on application by eligible shareholders. |
| Entitlement | 1 Rights Equity Share(s) for every 2 fully paid-up Equity Shares held on Record Date |
Company Financials
| Period Ended | 31 Mar 2021 | 31 Mar 2022 | 31 Mar 2023 |
| Assets | 21.69 | 23.99 | 69.48 |
| Revenue | 26.22 | 62.28 | 76.51 |
| Profit After Tax | 0.18 | 1.49 | 1.13 |
Rights Issue Documents
Lead Manager(s)
–
Rights Issue Registrar
Cameo Corporate Services Limited
Phone: +91-44-28460390
Email: rights@cameoindia.com
Website: https://ipo.cameoindia.com/
Company Contact Information
Vaxtex Cotfab Limited
Survey No. 230, Ranipur Rd, opp. Mariya Park,
B/h. Ranipur Village, Saijpur – Gopal,
Narol, Ahmedabad – 382405
Phone: +91 9537669940
Email: vaxtexcotfab@gmail.com
Website: https://vaxtexcotfabltd.com/
Final Thoughts
Applying for the rights issue is purely a personal choice. make sure you make a detailed study about the company and rights issue before you make an investment decision.
Happy investing
