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Vaxtex Cotfab Limited Rights Issue (Vaxtex Cotfab Rights Issue 2023) Detail

August 7, 2023 - August 23, 2023
Vaxtex Cotfab Limited Logo

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.

Vaxtex Cotfab Rights Issue 2023 Detail

Issue Open August 7, 2023 - August 23, 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

Vaxtex Cotfab Rights Issue 2023 Issue Timetable

Last Date to buy sharesJuly 21, 2023
Record Date July 24, 2023
Credit of Rights Entitlements
Bid/Offer Opens On August 7, 2023
Renunciation of Rights Entitlements August 14, 2023
Bid/Offer Closes On August 23, 2023
Deemed Date of Allotment August 25, 2023
Credit Date August 29, 2023
Listing Date August 31, 2023

Company Financials

Vaxtex Cotfab Rights Issue 2023 Financial Information (Restated)
Period Ended31 Mar 202131 Mar 202231 Mar 2023
Assets21.6923.9969.48
Revenue26.2262.2876.51
Profit After Tax0.181.491.13
Net Worth
Reserves and Surplus
Total Borrowing
Amount in ₹ Crore

Objects of the Issue:

The company intends to utilize the net proceeds from the issue towards the funding of the following objects:

  1. Funding the incremental working capital requirements of the company, and
  2. Purchase of Plant and Machinery.

Vaxtex Cotfab Rights Issue 2023 Documents

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Vaxtex Cotfab Rights Issue 2023 Reviews

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/

Vaxtex Cotfab Rights Issue 2023 Registrar

  1. Cameo Corporate Services Limited
    Phone: +91-44-28460390
    Email: rights@cameoindia.com
    Website: https://ipo.cameoindia.com/

Vaxtex Cotfab Rights Issue 2023 Lead Manager(s)

Vaxtex Cotfab Rights Issue 2023 FAQs

The Vaxtex Cotfab Rights Issue 2023 opens on August 7, 2023, and closes on August 23, 2023.

Vaxtex Cotfab Rights Issue 2023 Schedule

Last Date for credit of Rights Entitlements
Last Date for renunciation of Rights EntitlementsAugust 14, 2023
Issue Opening DateAugust 7, 2023
Issue Closing DateAugust 23, 2023
Date of Allotment (on or about)August 25, 2023
Date of Credit (on or about)August 29, 2023
Date of Listing (on or about)August 31, 2023

Vaxtex Cotfab Rights Issue 2023 price is set at ₹2 per share per equity share.

The eligible shareholders are being offered 1 Rights Equity Share(s) for every 2 fully paid-up Equity Shares held on Record Date (July 24, 2023).

The record date for the Vaxtex Cotfab Rights Issue 2023 is July 24, 2023.

The issue size of Vaxtex Cotfab Rights Issue 2023 is of 63,145,050 equity shares at ₹2 per share aggregating upto ₹8.71 Crores.

The Letter of Offer for Vaxtex Cotfab Rights Issue 2023 can be download here.

You can apply for Vaxtex Cotfab Rights Issue 2023 in two ways:

  1. Net Banking (ASBA)
  2. Registrar's Website (R-WAP Facility)

Steps to apply for Vaxtex Cotfab Rights Issue 2023 using Net Banking (ASBA)

  1. Log in to the net banking account of your bank.
  2. Go to the 'IPO & Rights Issue' section.
  3. Check if the Vaxtex Cotfab Rights Issue 2023 available on the list.
  4. Click the Apply button next to the Vaxtex Cotfab Rights Issue 2023.
  5. Fill and check your information.
  6. Submit the application.

Note: Your bank may not offer this facility to certain rights issues. In that case, you may have to choose the option below.

Steps to apply for Vaxtex Cotfab Rights Issue 2023 using Registrar's website (R-WAP)

  1. Visit registrar's website
  2. Go to the 'Rights Issue' section
  3. Select Vaxtex Cotfab Rights Issue 2023 from the dropdown.
  4. Enter Demat Account Number.
  5. Fill the online application form.
  6. Validate and submit the application.

Compare rights issues with Vaxtex Cotfab Rights Issue 2023