Axita Cotton Ltd.
Servey No. 324, 357, 358, Kadi Thol Road, Borisana, Mahesana, Kadi, Gujarat - 382715

Public Issue of 1752000 Equity Shares of Rs 10.00 each for Cash at a Premium of Rs 50.00 per share.
Issue Open DateIssue Closing DateApplication MoneyAllotment Money
27/12/201802/01/201960.00 -
Lead Managers Registrar Listed at
BEELINE BROKING LIMITED
LINK INTIME INDIA PRIVATE LIMITED
C-101, 1st Floor, 247 Park,
Lal Bahadur Shastri Marg,, Vikhroli (West),
Mumbai, Maharashtra - 400083
Phone: 49186200 Fax: 49186195
BSE
Object of the issue

The proceeds of the Issue, after deducting Issue related expenses, are estimated to be `1000 Lakhs (the “Net Proceeds”).

We intend to utilize the Net Proceeds towards the following object (Collectively, herein referred to as the “Object”):

1. Net Incremental Working Capital Requirement

The main objects clause of the Memorandum of Association and the objects incidental and ancillary to the main objects enables us to undertake the activities for which funds are being raised in the Issue. The existing activities of the company are within the objects clause of the Memorandum of Association.

Also, we believe that the listing of Equity Shares will enhance the Company’s corporate image, brand name and create a public market for the Equity Shares in India.

 

Project Cost
(Rs. in Crs.)
ISSUE EXPENSES0.51
WORKING CAPITAL REQUIREMENTS10.00
TOTAL COST10.51
Means of Finance
(Rs. in Crs.)
PUBLIC ISSUES10.51
TOTAL COST10.51
Promoted by

The Promoters of the Company are Mr. Nitinbhai Govindbhai Patel , Mr. Kushal Nitinbhai Patel and Mr. Amitkumar Govindbhai Patel

1. Mr. Nitinbhai Govindbhai Patel : his aged 53 years is a Promoter Cum Managing Director of the Company since inception. Further he is appointed as a Chairman cum Managing Director of the Company for 5 years w.e.f. October 16, 2018. He has a rich experience of more than 10 years into Oil Industries and more than 7 years in Cotton Industries. In the year 2007, he along with other partners established Aditya Oil Industries to produce Cotton Seed, Oil, Cotton cake etc. He is actively involved in managing, planning and executing production process and to achieve desired targets. He is the guiding force behind all the corporate decisions and is responsible for the entire Business operations of the Company since his appointment.

PAN : ACZPP0185C

Passport Number : N8052523

Aadhar Card No. : 3493 1021 7904

Driving License : GJ0119990504182

2. Mr. Kushal Nitinbhai Patel : his aged 30 years, holds Degree of Bachelor of Pharmacy from Gujarat University. He was appointed as Promoter Cum Managing Director of the company at the time of Incorporation of the Company and then he is reappointed as Managing Director of the Company for a fresh term of 5 years w.e.f. October 16, 2018. He has an experience of more than 7 years in the family business with respect to production, planning and sales.

PAN : AVBPP2051Q

Passport Number : Z4419324

Aadhar Card No. : 5492 4885 6794

Driving License : GJ01/068322/07

3.Mr. Amitkumar Govindbhai Patel : his aged 49 years is a Bachelor of Commerce from Gujarat University. He was appointed as a Promoter Cum Managing Director since inception and then he was re-designated as Whole-Time Director w.e.f. October 16, 2018. He has an experience of almost 25 years in the family run Businesses with respect to all aspects connected with Accountancy and Finance.

PAN : AETPP8859D

Passport Number : N8045512

Aadhar Card No. : 6052 4309 0047

Driving License : GJ01-2010-1040930